ECTS - International Economics
International Economics (ECON509) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| International Economics | ECON509 | General Elective | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | Elective Courses |
| Course Level | Ph.D. |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Demonstration. |
| Course Lecturer(s) |
|
| Course Objectives | 1-To explain the basic themes in International Economics which implies mainly the study of theoretical and practical issues in international trade. 2- To provide the students with an understanding of, and the competence to apply economic analysis to, the main issues confronting businesses and the economy in the modern international trading environment. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | Labor productivity and comparative advantage: the Ricardian model, resources, comparative advantage and income distribution, the standard trade model, economies of scale, imperfect competition, and international trade, international factor movements, the instruments of trade policy, the political economy of trade policy, trade policy in developing |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | Introduction to International Economics | Krugman and Obstfeld, p. 1-9 |
| 2 | World Trade: An Overview | Krugman and Obstfeld, p. 12-26 |
| 3 | Labor Productivity and Comparative Advantage: The Ricardian Model I | Krugman and Obstfeld, p. 27-40 |
| 4 | Labor Productivity and Comparative Advantage: The Ricardian Model II | Krugman and Obstfeld, p. 40-53 |
| 5 | Resources, Comparative Advantage and Income Distribution I | Krugman and Obstfeld, p. 54-70 |
| 6 | Resources, Comparative Advantage and Income Distribution II | Krugman and Obstfeld, p. 70-87 |
| 7 | The Standard Trade Model | Krugman and Obstfeld, p. 88-113 |
| 8 | Midterm | |
| 9 | Economies of Scale, Imperfect Competition, and International Trade I | Krugman and Obstfeld, p. 114-130 |
| 10 | Economies of Scale, Imperfect Competition, and International Trade II | Krugman and Obstfeld, p. 130-152 |
| 11 | International Factor Movements | Krugman and Obstfeld, p. 153-179 |
| 12 | The Instruments of Trade Policy | Krugman and Obstfeld, p. 182-211 |
| 13 | The Political Economy of Trade Policy | Krugman and Obstfeld, p. 213-249 |
| 14 | Trade Policy in Developing Countries | Krugman and Obstfeld, p. 250-265 |
| 15 | Controversies in Trade Policy | Krugman and Obstfeld, p. 266-286 |
| 16 | Final Exam |
Sources
| Course Book | 1. International Economics: Theory and Policy (8th Edition); Paul R. Krugman and Maurice Obstfeld; Pearson, Edison-Wesley, Boston et. al. ; 2009. |
|---|---|
| 2. International Economics: Dennis R. Appleyard and Alfred J. Field, Jr.; Irwin McGraw-Hill; Boston et al; 1998. | |
| 3. Uluslararası İktisat: Teori, Politika ve Uygulama; Prof. Dr. Halil Seyidoğlu; Güzem Can Yayınları; İstanbul, 2007. |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | 1 | 15 |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | 8 | 10 |
| Presentation | - | - |
| Project | 1 | 15 |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 2 | 20 |
| Final Exam/Final Jury | 1 | 30 |
| Toplam | 13 | 90 |
| Percentage of Semester Work | 50 |
|---|---|
| Percentage of Final Work | 50 |
| Total | 100 |
Course Category
| Core Courses | X |
|---|---|
| Major Area Courses | |
| Supportive Courses | |
| Media and Managment Skills Courses | |
| Transferable Skill Courses |
The Relation Between Course Learning Competencies and Program Qualifications
| # | Program Qualifications / Competencies | Level of Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Compares basic approaches and/or theories in political economy and critically evaluates each one | |||||
| 2 | Compares basic macroeconomic theories and/or approaches and critically evaluates each one | |||||
| 3 | Solves problems using complementary approaches from other related disciplines (political science, sociology, etc.) | |||||
| 4 | Develops necessary skills to establish micro-macro relationships in humanities and social sciences | |||||
| 5 | Analyzes basic economic indicators and makes interpretations | |||||
| 6 | Acquires theoretical knowledge by conducting literature review and derives empirically testable hypotheses | |||||
| 7 | Develops new approaches/theories to solve complex problems in political economy | |||||
| 8 | Can apply critical thinking and/or qualitative and quantitative techniques to new fields/problems | |||||
| 9 | Can design research and conduct the research within an appropriate time frame | |||||
| 10 | Can develop and present policy recommendations based on academic research | |||||
| 11 | Continues learning and can conduct advanced research independently | |||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | |||
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | 16 | 3 | 48 |
| Presentation/Seminar Prepration | 1 | 5 | 5 |
| Project | 1 | 10 | 10 |
| Report | |||
| Homework Assignments | 3 | 1 | 3 |
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | |||
| Prepration of Final Exams/Final Jury | 1 | 15 | 15 |
| Total Workload | 81 | ||