ECTS - International Economics II

International Economics II (ECON314) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
International Economics II ECON314 3 0 0 3 6
Pre-requisite Course(s)
Course Language English
Course Type N/A
Course Level Bachelor’s Degree (First Cycle)
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Question and Answer.
Course Coordinator
Course Lecturer(s)
  • Assoc. Prof. Dr. M. Fatih Ekinci
Course Assistants
Course Objectives The principal objective of ECON 314 is to introduce students to the basic concepts and models used in international macroeconomics.
Course Learning Outcomes The students who succeeded in this course;
  • To develop an understanding of modern macroeconomic theory, to learn the basic models of modern international (open economy) macroeconomics.
  • To learn the methodology of macroeconomic analysis. To learn how to apply the basic models and concepts to explain the key events and problems in the Turkish economy and world economy.
Course Content National income accounting; aggregate income and spending model; IS-LM model (closed economy and open economy versions); monetary and fiscal policy in the IS-LM model; AD-AS model; monetary and fiscal policy in the short and long-run; Phillips curve and Okun?s law; wages, prices, output and unemployment; derivation of AS curve and alternative views

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 An Overview of the Course
2 National Income Accounting: Related Identities & Topics pp. 278-291 Handout
3 The Balance of Payments pp. 291-302
4 The Foreign Exchange Market pp. 306-337
5 Money, Interest Rate, and Exchange Rate in the Short-run pp. 338-366
6 Price Level, Inflation and the Exchange Rate in the Long Run pp. 369-400
7 Open Economy IS-LM Model & Extensions: A Review Handout
8 Midterm
9 Output and the Exchange Rate in the Short Run & Long Run (DD-AA model) pp. 407-441
10 Foreign Exchange Intervention and Fixed Exchange Rates pp. 447-477
11 The Choice of Exchange Rate Regime Handout
12 Macroeconomic Policymaking in Open Economies: Key Topics Handout
13 Selected Topics I
14 Selected Topics II
15 General Review
16 Final Exam


Course Book 1. Krugman, P. R. and Obstfeld, M. (2006) International Economics: Theory and Policy, 7th Edition, Pearson/Addison-Wesley
Other Sources 2. Salvatore, D. (2004) International Economics, 8th Edition, John Wiley
3. Appleyard, D. R., Field, A. J. and Cobb, S. L. (2006) International Economics, 5th Edition, McGraw-Hill.
4. Dornbusch, R., Fischer, S. and Startz R. (2008) Macroeconomics, 10th Edition, McGraw-Hill.

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation - -
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments 5 10
Presentation - -
Project 1 25
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 25
Final Exam/Final Jury 1 40
Toplam 8 100
Percentage of Semester Work 60
Percentage of Final Work 40
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 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
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
8 Developing intra-disciplinary and inter-disciplinary team work skills
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
Presentation/Seminar Prepration
Project 1 30 30
Homework Assignments 5 5 25
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 16 16
Prepration of Final Exams/Final Jury 1 30 30
Total Workload 149