Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS Credits
3VFT209International Economics3+0+036

Course Details
Language of Instruction English
Level of Course Unit Associate Degree
Department / Program Foreign Trade (English)
Mode of Delivery Face to Face
Type of Course Unit Elective
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 Asist Prof. Jülide ANDİÇ
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Principles of Economics by N. Gregory Mankiw,Publisher:Cengage,2024
Prof.Dr. Yusuf Bayraktutan , International Economics,Publisher:Umuttepe Yayınları,2022
International economics [electronic resource] / Dominick Salvatore. – 11th ed. (course book), slides and lectures

Course Category
Mathematics and Basic Sciences %20
Social Sciences %30
Field %50

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
In-Term Studies Quantity Percentage
Mid-terms 1 % 30
Assignment 1 % 10
Final examination 1 % 60
Total
3
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 3 42
Hours for off-the-c.r.stud 10 3 30
Assignments 1 20 20
Mid-terms 1 25 25
Final examination 1 35 35
Total Work Load   Number of ECTS Credits 6 152

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Learn the comparative analysis of classical and neoclassical foreign trade theories.
2 Learns new foreign trade theories and makes comparisons.
3 Learn and compare the aims and tools of foreign trade policy.
4 Analyzes exchange rate theories and the functioning of the balance of payments.


Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Foreign Trade and economic thought movements, Absolute and Comparative Advantages theories and their applications to the present day
2 Production cost relations and foreign trade Factor Endowment Theory
3 Demand and Supply Models
4 New Foreign Trade Theories and Foreign Trade in Monopolistic Competition, International Scale Economies
5 Factor Intensity, Technological Development, Foreign Trade and Economic Growth Analysis
6 Tariffs and non-tariff foreign trade policy and instruments
7 World trade liberalization and global trade, economic integration theory
8 Mid-term Exam
9 International Trade and Economic Development
10 Foreign Exchange Market Analysis, International Exchange Rates and Monetary Systems
11 Theories to explain exchange rate changes, Balance of payments analysis
12 Balance of Foreign Payments and its balancing
13 Forward Exchange Markets and interest arbitrage
14 Macroeconomic policies in open economies, internal and external economic balance
15 Foreign direct investment and multinational companies
16 Final Exam


Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12
All 4 4 4 4 4 4 4 4 4 4 4 4
C1 4 4 4 4 4 5 5 3 3 4 4 5
C2 5 3 3 3 4 4 4 4 3 3 3 4
C3 5 3 4 4 4 4 3 4 4 4 4 3
C4 4 4 3 3 4 4 3 3 4 4 3 4

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