Course Information

Semester	Course Unit Code	Course Unit Title	T+P+L	Credit	Number of ECTS Credits
3	ITF211	International Economics	3+0+0	3	6

Course Details

Language of Instruction	English
Level of Course Unit	Bachelor's Degree
Department / Program	International Trade and Finance (Eng)
Mode of Delivery	Face to Face
Type of Course Unit	Compulsory
Objectives of the Course	The purpose of International Economics course is to provide students with a comprehensive understanding of the economic principles and theories that govern international trade and finance.
Course Content	This subject will help students to develop the knowledge and analytical skills necessary to analyze and evaluate the economic interactions between nations, the impact of globalization on economies, and the role of international institutions in shaping the global economic landscape. Through case studies and real-world examples, students will gain a deeper insight into the complexities of international economic relations and how different policies and events can influence economic outcomes at the global level. Ultimately, the course aims to equip students with the tools and perspectives needed to navigate the complexities and challenges of the global economy and make informed decisions in a rapidly changing and interconnected world.
Course Methods and Techniques	Classroom teaching with blackboard and projector. Reading textbooks and other sources. Homework assignments and ask friends for help.
Prerequisites and co-requisities	None
Course Coordinator	None
Name of Lecturers	Prof.Dr. Enver Alper Güvel
Assistants	None
Work Placement(s)	No

Recommended or Required Reading

Resources	Principles of Economics by N. Gregory Mankiw
	International economics [electronic resource] / Dominick Salvatore. – 11th ed. (course book), slides and lectures

Course Category

Mathematics and Basic Sciences	%30
Social Sciences	%70

Planned Learning Activities and Teaching Methods

Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration	Total Work Load
Course Duration	14	3	42
Hours for off-the-c.r.stud	14	5	70
Assignments	1	10	10
Presentation	1	5	5
Mid-terms	1	12	12
Final examination	1	14	14
Total Work Load			Number of ECTS Credits 6 153

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:

No	Learning Outcomes
1	Develop a comprehensive understanding of the theories and principles underlying international trade, including comparative advantage, the theory of factor endowments, and the impact of economies of scale on trade patterns.
2	Analyze the effects of trade policies, such as tariffs, quotas, and subsidies, on international trade flows and economic welfare, including the implications for domestic industries, consumers, and income distribution.
3	Evaluate the role of international trade agreements and institutions in fostering global trade, resolving disputes, and promoting economic development and cooperation among nations.
4	Apply economic models and tools to analyze real-world trade issues, such as the impact of technological advancements, supply chain disruptions, and trade imbalances on international trade dynamics and economic outcomes.

Weekly Detailed Course Contents

Week	Topics	Materials
1	Introduction to International Economics (Overview of international economics Key concepts and terminology, Importance of international trade and finance)	Course Textbook
2	Classical theories of international trade (Absolute advantage, Comperative advantage)
3	Gains of Free Trade: AS-AD Framework
4	Gains of Free Trade: PPC Framework	Course Textbook
5	Gains of Free Trade: The Offer Curve
6	Reasons for Protectionism and Protectionist Economic Policies -I
7	Reasons for Protectionism and Protectionist Economic Policies -II
8	Mid-term Exam
9	Balance Of Payments-I: Current Account
10	Balance Of Payments-II: Finance Account
11	Exchange Regimes and Exchange Markets
12	Portfolio Choice in an Open Economy
13	IS-LM-BP Model and Economic Policies-I
14	IS-LM-BP Model and Economic Policies-II
15	Effect of Capital Controls in an Open Economy

Contribution of Learning Outcomes to Programme Outcomes

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