International Economics I (ECON313) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
International Economics I ECON313 5. Semester 3 0 0 3 5
Pre-requisite Course(s)
ECON 210/ECON 312
Course Language English
Course Type Compulsory Departmental Courses
Course Level Bachelor’s Degree (First Cycle)
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Demonstration.
Course Coordinator
Course Lecturer(s)
  • Asst. Prof. Dr. Mehmet Fatih Ekinci
Course Assistants
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;
  • To learn the basic themes in international trade.
  • To use the required analytical tools to evaluate and comment on international trade problems.
Course Content Labor productivity and comparative advantage: the Ricardian model, comparative advantage, the standard trade model, economies of scale, imperfect competition, and international trade, international factor movements, the instruments and the political economy of trade policy, trade policy in developing countries, controversies in trade policy.

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


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
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 Acquiring the skills of understanding, explaining, and using the fundamental concepts and methods of economics X
2 Acquiring the skills of macro level economic analysis X
3 Acquiring the skills of micro level economic analysis X
4 Understanding the formulation and implementation of economic policies at the local, national, regional, and/or global level X
5 Learning different approaches on economic and related issues X
6 Acquiring the quantitative and/or qualitative techniques in economic analysis X
7 Improving the ability to use the modern software, hardware and/or technological devices X
8 Developing intra-disciplinary and inter-disciplinary team work skills X
9 Acquiring an open-minded behavior through encouraging critical analysis, discussions, and/or life-long learning X
10 Adopting work ethic and social responsibility X
11 Developing the skills of communication. X
12 Improving the ability to effectively implement the knowledge and skills in at least one of the following areas: economic policy, public policy, international economic relations, industrial relations, monetary and financial affairs. X

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Special Course Internship
Field Work
Study Hours Out of Class 16 3 48
Presentation/Seminar Prepration
Homework Assignments 3 1 3
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 2 10 20
Prepration of Final Exams/Final Jury 1 15 15
Total Workload 134