| 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 |
| ECO3401 | International Economics | Fall | 3 | 0 | 3 | 8 |
| The course opens with the approval of the Department at the beginning of each semester |
| Language of instruction: | En |
| Type of course: | Departmental Elective |
| Course Level: | |
| Mode of Delivery: | Hybrid |
| Course Coordinator : | Assoc. Prof. KAAN İRFAN ÖĞÜT |
| Course Objectives: | This course examines the economic rationale for trade among nations and its consequences for the people of the nations involved as well as its relation with the macroeconomic fundamentals and macroeconomic perspectives of an open economy. Topics to be considered include comparative advantage, gains from trade, traditional and recent arguments for protection, determination of exchange rates, monetary policy in an open economy and international capital markets. In addition, the course considers the effects of trade and other policies on economic growth and development. Emphasis is given to the principle analytical concepts and results relevant to the special problems of developing nations. |
|
The students who have succeeded in this course; 1. Understand, concept of comparative advantage and the gains from trade 2. Understand the dynamics of exchange rate market and the determinants of the exchange rate. 3. Analyze the result of fiscal and monetary policies on an open economy under the different exchange rate regimes. 4. Download data, sketch graph and analyze the international economic condition of selected countries. 5. Perceive effects of the capital flows on emerging countries especially on Turkey. 6. Understand concepts of international economics, trade and finance. |
| The first part of the course covers the trade theory, standard trade models and trade policy. The second part of the course includes foreign exchange markets, money and exchange rate policy in open economies. |
| Week | Subject | Related Preparation | |
| 1) | Introduction and Motivation | ||
| 2) | The concept of Comparative Advantage | ||
| 3) | Ricardian Model of Trade | ||
| 4) | Standard Trade Model, Terms of Trade | ||
| 5) | Economies of Scale and Imperfect Competition | ||
| 6) | Intra-industry Trade | ||
| 7) | Balance of Payments and the Current Account | ||
| 8) | Exchange Rates | ||
| 9) | Money, Interest Rates and Exchange Rates | ||
| 10) | Money, Interest Rates and Exchange Rates continued | ||
| 11) | Price Levels and the Real Exchange Rate | ||
| 12) | Output and Exchange Rate | ||
| 13) | Output and Exchange Rate continued | ||
| 14) | Policy Analysis -- Foreign Exchange Intervention, Sterilization | ||
| 15) | Preparation for the Final Exam | ||
| 16) | Final Exam | ||
| Course Notes: | Paul R. Krugman and Maurice Obstfeld, International Economics: Theory and Policy, 8th Edition. |
| References: |
| Semester Requirements | Number of Activities | Level of Contribution |
| Attendance | % 0 | |
| Laboratory | % 0 | |
| Application | % 0 | |
| Field Work | % 0 | |
| Special Course Internship (Work Placement) | % 0 | |
| Quizzes | 3 | % 36 |
| Homework Assignments | % 0 | |
| Presentation | % 0 | |
| Project | % 0 | |
| Seminar | % 0 | |
| Midterms | 1 | % 20 |
| Preliminary Jury | % 0 | |
| Final | 1 | % 44 |
| Paper Submission | % 0 | |
| Jury | % 0 | |
| Bütünleme | % 0 | |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 56 | |
| PERCENTAGE OF FINAL WORK | % 44 | |
| Total | % 100 | |
| Activities | Number of Activities | Workload | |
| Course Hours | 14 | 40 | |
| Laboratory | |||
| Application | |||
| Special Course Internship (Work Placement) | |||
| Field Work | |||
| Study Hours Out of Class | 16 | 82 | |
| Presentations / Seminar | |||
| Project | |||
| Homework Assignments | 4 | 16 | |
| Quizzes | |||
| Preliminary Jury | |||
| Midterms | 1 | 2 | |
| Paper Submission | |||
| Jury | |||
| Final | 1 | 2 | |
| Total Workload | 142 | ||
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution |