ECTS - International Economics I
International Economics I (ECON313) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| International Economics I | ECON313 | 5. Semester | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | Compulsory Departmental Courses |
| Course Level | Bachelor’s Degree (First Cycle) |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Question and Answer. |
| Course Lecturer(s) |
|
| Course Objectives | 1-To explain the basic themes in International Economics which implies mainly the study of theoretical and practical issues in international trade. 2- To provide the students with an understanding of, and the competence to apply economic analysis to, the main issues confronting businesses and the economy in the modern international trading environment. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Labor productivity and comparative advantage: the Ricardian model, comparative advantage, the standard trade model, economies of scale, imperfect competition, and international trade, international factor movements, the instruments and the political economy of trade policy, trade policy in developing countries, controversies in trade policy. |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | Introduction to International Economics | Krugman and Obstfeld, p. 1-9 |
| 2 | World Trade: An Overview | Krugman and Obstfeld, p. 12-26 |
| 3 | Labor Productivity and Comparative Advantage: The Ricardian Model I | Krugman and Obstfeld, p. 27-40 |
| 4 | Labor Productivity and Comparative Advantage: The Ricardian Model II | Krugman and Obstfeld, p. 40-53 |
| 5 | Resources, Comparative Advantage and Income Distribution I | Krugman and Obstfeld, p. 54-70 |
| 6 | Resources, Comparative Advantage and Income Distribution II | Krugman and Obstfeld, p. 70-87 |
| 7 | The Standard Trade Model | Krugman and Obstfeld, p. 88-113 |
| 8 | Midterm | |
| 9 | Economies of Scale, Imperfect Competition, and International Trade I | Krugman and Obstfeld, p. 114-130 |
| 10 | Economies of Scale, Imperfect Competition, and International Trade II | Krugman and Obstfeld, p. 130-152 |
| 11 | International Factor Movements | Krugman and Obstfeld, p. 153-179 |
| 12 | The Instruments of Trade Policy | Krugman and Obstfeld, p. 182-211 |
| 13 | The Political Economy of Trade Policy | Krugman and Obstfeld, p. 213-249 |
| 14 | Trade Policy in Developing Countries | Krugman and Obstfeld, p. 250-265 |
| 15 | Controversies in Trade Policy | Krugman and Obstfeld, p. 266-286 |
| 16 | Final Exam |
Sources
| Course Book | 1. International Economics: Theory and Policy (8th Edition); Paul R. Krugman and Maurice Obstfeld; Pearson, Edison-Wesley, Boston et. al. ; 2009. |
|---|---|
| 2. International Economics: Dennis R. Appleyard and Alfred J. Field, Jr.; Irwin McGraw-Hill; Boston et al; 1998. | |
| 3. Uluslararası İktisat: Teori, Politika ve Uygulama; Prof. Dr. Halil Seyidoğlu; Güzem Can Yayınları; İstanbul, 2007. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | 1 | 15 |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | 8 | 10 |
| Presentation | - | - |
| Project | 1 | 15 |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 2 | 20 |
| Final Exam/Final Jury | 1 | 30 |
| Toplam | 13 | 90 |
| Percentage of Semester Work | 50 |
|---|---|
| Percentage of Final Work | 50 |
| Total | 100 |
Course Category
| Core Courses | |
|---|---|
| Major Area Courses | |
| Supportive Courses | |
| Media and Managment Skills Courses | |
| Transferable Skill Courses |
The Relation Between Course Learning Competencies and Program Qualifications
| # | Program Qualifications / Competencies | Level of Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Acquiring the skills of understanding, explaining, and using the fundamental concepts and methods of economics | X | ||||
| 2 | Acquiring the skills of macro level economic analysis | X | ||||
| 3 | Acquiring the skills of micro level economic analysis | X | ||||
| 4 | Understanding the formulation and implementation of economic policies at the local, national, regional, and/or global level | X | ||||
| 5 | Learning different approaches on economic and related issues | X | ||||
| 6 | Acquiring the quantitative and/or qualitative techniques in economic analysis | X | ||||
| 7 | Improving the ability to use the modern software, hardware and/or technological devices | X | ||||
| 8 | Developing intra-disciplinary and inter-disciplinary team work skills | X | ||||
| 9 | Acquiring an open-minded behavior through encouraging critical analysis, discussions, and/or life-long learning | X | ||||
| 10 | Adopting work ethic and social responsibility | X | ||||
| 11 | Developing the skills of communication. | X | ||||
| 12 | Improving the ability to effectively implement the knowledge and skills in at least one of the following areas: economic policy, public policy, international economic relations, industrial relations, monetary and financial affairs. | X | ||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | 16 | 3 | 48 |
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | 16 | 3 | 48 |
| Presentation/Seminar Prepration | |||
| Project | |||
| Report | |||
| Homework Assignments | 3 | 1 | 3 |
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 2 | 10 | 20 |
| Prepration of Final Exams/Final Jury | 1 | 15 | 15 |
| Total Workload | 134 | ||