ECONOMICS AND FINANCE | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
DIS2003 | International Economics | Spring Fall |
2 | 0 | 2 | 3 |
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
Language of instruction: | Turkish |
Type of course: | Non-Departmental Elective |
Course Level: | Bachelor’s Degree (First Cycle) |
Mode of Delivery: | Face to face |
Course Coordinator : | Instructor AYBİKE ELİF BOLCAN |
Course Lecturer(s): |
Instructor AYBİKE ELİF BOLCAN Dr. Öğr. Üyesi MEHMET SITKI SAYGILI |
Recommended Optional Program Components: | This course does not have any recommended optional components. |
Course Objectives: | The object of the course is to provide knowledge to Foreign Trade program students about theories of international trade and ability to analyze effects of political economy, economical consequences with the concepts of foreign exchange transactions, capital flows and balance of payments. |
The students who have succeeded in this course; 1.Find answer to the questions of why countries make trade with each other, what are the components of foreign trade and in which prices foreign trade can be done 2.Identify policies,objectives and instruments of foreign trade 3.Have theoretical knowledge about foreign exchange market 4.Are able to analyze the formation of exchange rate 5.Have knowledge about balance of payment accounts 6.Are able to analyze the causes of balance of payments disequilibrium 7.Are able to analyze the policies of balance of payments deficits 8.Have knowledge about counterpoising balance of payments 9.Have knowledge about international capital flows 10.Have theoretical knowledge about internatonal monetary and capital markets |
Issues such as foreign trade operations, policies of production factors, effects on foreign economic relations on development, international economic mergers and world monetary system is included in the context of this course. |
Week | Subject | Related Preparation |
1) | Analysis of international trade theory: Theory of competitive advantage | None |
2) | International trade theory: Analysis with supply and demand factors | Review of previous lesson |
3) | Factor endowment (Heckscher-Ohlin) theory | Review of previous lesson |
4) | Foreign trade policy | Review of previous lesson |
5) | Customs tariffs | Review of previous lesson |
6) | Non-tariff instruments of trade policy | Review of previous lesson |
7) | The liberalization of world trade | Review of previous lesson |
8) | Globalization and economic mergers | Review of previous lesson |
9) | European Union | Review of previous lesson |
10) | Analysis of the currency market | Review of previous lesson |
11) | Balance of payments | Review of previous lesson |
12) | Equivalance of balance of payments | Review of previous lesson |
13) | International monetary system | Review of previous lesson |
14) | Economic development and foreign trade policies | Review of previous lesson |
Course Notes / Textbooks: | Halil SEYİDOĞLU (2009), Uluslar arası İktisat: Teori, Politika ve Uygulama, Güzem Can Yayınları, İSTANBUL |
References: | Bu derste başka kaynak kullanılmamaktadır. |
Semester Requirements | Number of Activities | Level of Contribution |
Attendance | 14 | % 10 |
Homework Assignments | 1 | % 20 |
Midterms | 1 | % 20 |
Final | 1 | % 50 |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 50 | |
PERCENTAGE OF FINAL WORK | % 50 | |
Total | % 100 |
Activities | Number of Activities | Duration (Hours) | Workload |
Course Hours | 14 | 2 | 28 |
Study Hours Out of Class | 12 | 4 | 48 |
Presentations / Seminar | 11 | 1 | 11 |
Homework Assignments | 2 | 5 | 10 |
Midterms | 1 | 1 | 1 |
Final | 1 | 2 | 2 |
Total Workload | 100 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works. | 3 |
2) | Understand the common as well as distinctive characters of the markets, industries, market regulations and policies. | 2 |
3) | Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events. | 1 |
4) | Analyze the interventions of politics to the economics and vice versa. | 3 |
5) | Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches. | 2 |
6) | Understand current and new economic events and how the new approaches to the economics are formed and evaluating. | 2 |
7) | Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form. | 3 |
8) | Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence. | 2 |
9) | Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. | 2 |
10) | Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. | 3 |