ECTS - International Economics II
International Economics II (ECON314) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| International Economics II | ECON314 | 6. Semester | 3 | 0 | 0 | 3 | 6 |
| 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 | The principal objective of ECON 314 is to introduce students to the basic concepts and models used in international macroeconomics. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | National income accounting; aggregate income and spending model; IS-LM model (closed economy and open economy versions); monetary and fiscal policy in the IS-LM model; AD-AS model; monetary and fiscal policy in the short and long-run; Phillips curve and Okun?s law; wages, prices, output and unemployment; derivation of AS curve and alternative views |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | An Overview of the Course | |
| 2 | National Income Accounting: Related Identities & Topics | pp. 278-291 Handout |
| 3 | The Balance of Payments | pp. 291-302 |
| 4 | The Foreign Exchange Market | pp. 306-337 |
| 5 | Money, Interest Rate, and Exchange Rate in the Short-run | pp. 338-366 |
| 6 | Price Level, Inflation and the Exchange Rate in the Long Run | pp. 369-400 |
| 7 | Open Economy IS-LM Model & Extensions: A Review | Handout |
| 8 | Midterm | |
| 9 | Output and the Exchange Rate in the Short Run & Long Run (DD-AA model) | pp. 407-441 |
| 10 | Foreign Exchange Intervention and Fixed Exchange Rates | pp. 447-477 |
| 11 | The Choice of Exchange Rate Regime | Handout |
| 12 | Macroeconomic Policymaking in Open Economies: Key Topics | Handout |
| 13 | Selected Topics I | |
| 14 | Selected Topics II | |
| 15 | General Review | |
| 16 | Final Exam |
Sources
| Course Book | 1. Krugman, P. R. and Obstfeld, M. (2006) International Economics: Theory and Policy, 7th Edition, Pearson/Addison-Wesley |
|---|---|
| Other Sources | 2. Salvatore, D. (2004) International Economics, 8th Edition, John Wiley |
| 3. Appleyard, D. R., Field, A. J. and Cobb, S. L. (2006) International Economics, 5th Edition, McGraw-Hill. | |
| 4. Dornbusch, R., Fischer, S. and Startz R. (2008) Macroeconomics, 10th Edition, McGraw-Hill. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | - | - |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | 5 | 10 |
| Presentation | - | - |
| Project | 1 | 25 |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 25 |
| Final Exam/Final Jury | 1 | 40 |
| Toplam | 8 | 100 |
| Percentage of Semester Work | 60 |
|---|---|
| Percentage of Final Work | 40 |
| Total | 100 |
Course Category
| Core Courses | X |
|---|---|
| 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 | |||||
| 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 | |||||
| 8 | Developing intra-disciplinary and inter-disciplinary team work skills | |||||
| 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 | |||
| Presentation/Seminar Prepration | |||
| Project | 1 | 30 | 30 |
| Report | |||
| Homework Assignments | 5 | 5 | 25 |
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 1 | 16 | 16 |
| Prepration of Final Exams/Final Jury | 1 | 30 | 30 |
| Total Workload | 149 | ||