| MATHEMATICS (TURKISH, PHD) | |||||
| PhD | TR-NQF-HE: Level 8 | QF-EHEA: Third Cycle | EQF-LLL: Level 8 | ||
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| ISL5629 | International Business and Economy | Fall | 3 | 0 | 3 | 8 |
| The course opens with the approval of the Department at the beginning of each semester |
| Language of instruction: | Tr |
| Type of course: | Departmental Elective |
| Course Level: | |
| Mode of Delivery: | Face to face |
| Course Coordinator : | Assoc. Prof. ÇAĞLAR YURTSEVEN |
| Course Lecturer(s): |
Prof. Dr. SEFER ŞENER |
| Course Objectives: | The aim of the course is to observe trade policies with the concepts of free trade, interventionist policies and globalisation will be discussed. |
|
The students who have succeeded in this course; Participand; - Analyse the concepts of Labour Productivity ,Comparative Advantage and ,interprent on their relations in international economy. - Distinguish the levels of Income Distribution and the discuss the Gains from Trade. - Analyse the benefits of Free Trade Areas an Custom Union . - Consider the negative effects of tariffs and quotas and export subsidies on trade. |
| International trade cannot be considered apart from various exchange rate regimes and the international monetary system. Thus the study of international economics can be divided into two subfields: the study of international trade and the study of international money (ie:the real and monetary sides of international trade). The course will attempt to bring together these two aspects involving concepts as well as application. |
| Week | Subject | Related Preparation | |
| 1) | International Trade Theory • Overview • Labour Productivity and Comparative Advantage • Income Distribution and the Gains from Trade • External Economies and International Trade • Firms in the Global Economy • Tariffs & Quotas • Export Subsidies | Prereading | |
| 2) | The Political Economy of Trade Policy • The Case for Free Trade • Arguments Against Free Trade • International Trade Agreements Trade Policy in Developing Countries • The Infant Industry Argument • Problems of Import Substitution | Prereading | |
| 3) | Controversies in Trade Policy • Arguments Against Globalisation •Globalisation & the Environment | Prereading | |
| 4) | International Monetary Systems: An Historical Overview • The Classical Gold Standard • Flexible Rates and Currency Controls • Bretton Woods and the IMF • Flexible Exchange Rate Period • The Case for Floating Exchange Rates • Currency Boards | Prereading | |
| 5) | Exchange Rates & Open-Economy Macroecenomics • The Balance of Payments The Markets For Foreign Exchange • Introduction to Foreign Exchange Rates • Forward Exchange Rates • Currency Futures and Options Markets | Prereading | |
| 6) | International Parities & Determination of Exchange Rates • The Purchasing Power Parity Principle • Interest Parity • Forecasting FX Rates | Prereading | |
| 7) | Midterm Exam | ||
| 8) | Fixed Exchange Rates & Foreign Exchange Intervention • Stabilization Policies with a Fixed Exchange Rate • Balance of Payments Crises & Capital Flight | Prereading | |
| 9) | Optimum Currency Areas & the European Experience • The Euro and the European Monetary Union • Prons and Cons of a Monetary Union • Currency Crises (Brazilian, Mexican, Argentinian, Asian, Turkish and Greek Financial Crises) | Prereading | |
| 10) | Free Trade Areas and Customs Union | Prereading | |
| 11) | Foreign Exchange Risk and Exposure International Investment * Capital Budgeting (Project Finance) | Prereading | |
| 12) | Institutional Structure of International Trade and Finance *The International Capital Markets: Regulation and Supervision *The Role of BIS | Prereading | |
| 13) | The International Financial Institutions * The Key Roles of the IMF and the World Bank * IFC and IDA | Prereading | |
| 14) | Instruments and Institutions of International Trade * Payment and Guaranteeing Procedures (ECA’s, OPIC,MIGA) * The Financing of International Trade *Institutions Regulating International Trade | Prereading | |
| Course Notes: | • International Economics, Theory and Practice,Ninth Edition, Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz. Published by Pearson. |
| References: | • International Financial Management, Cheol S. Eun and Bruce G. Resnick, McGraw Hill, 6th edition • The Economics of Money, Banking, and Financial Markets, Frederic S.Mishkin, Pearson 10th edition |
| Semester Requirements | Number of Activities | Level of Contribution |
| Attendance | 14 | % 10 |
| Laboratory | % 0 | |
| Application | % 0 | |
| Field Work | % 0 | |
| Special Course Internship (Work Placement) | % 0 | |
| Quizzes | % 0 | |
| Homework Assignments | % 0 | |
| Presentation | % 0 | |
| Project | 1 | % 20 |
| Seminar | % 0 | |
| Midterms | 1 | % 30 |
| Preliminary Jury | % 0 | |
| Final | 1 | % 40 |
| Paper Submission | % 0 | |
| Jury | % 0 | |
| Bütünleme | % 0 | |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 40 | |
| PERCENTAGE OF FINAL WORK | % 60 | |
| Total | % 100 | |
| Activities | Number of Activities | Workload | |
| Course Hours | 14 | 42 | |
| Laboratory | |||
| Application | |||
| Special Course Internship (Work Placement) | |||
| Field Work | |||
| Study Hours Out of Class | 14 | 69 | |
| Presentations / Seminar | |||
| Project | 13 | 30 | |
| Homework Assignments | 13 | 30 | |
| Quizzes | |||
| Preliminary Jury | |||
| Midterms | 1 | 2 | |
| Paper Submission | |||
| Jury | |||
| Final | 1 | 2 | |
| Total Workload | 175 | ||
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution |