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| Course Description |
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| Course Name |
: |
International Economics |
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| Course Code |
: |
TEP405 |
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| Course Type |
: |
Optional |
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| Level of Course |
: |
First Cycle |
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| Year of Study |
: |
4 |
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| Course Semester |
: |
Fall (16 Weeks) |
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| ECTS |
: |
3 |
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| Name of Lecturer(s) |
: |
Prof.Dr. ÖMER FARUK EMEKSİZ
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| Learning Outcomes of the Course |
: |
can recognize the concept of international economics
knows about international foreign trade theory (in general terms)
learns the aim and tools of international foreign trade policies
gains information about international mergers
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| Mode of Delivery |
: |
Face-to-Face |
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| Prerequisites and Co-Prerequisites |
: |
TEP405 International Economics
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| Recommended Optional Programme Components |
: |
None |
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| Aim(s) of Course |
: |
To provide students with the basic knowledge about definition and concepts of International Economics; aim and tools of foreign trade policies, and international economic integration |
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| Course Contents |
: |
Basic concepts of International Economy, policies, tools and results in practice, mergers |
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| Language of Instruction |
: |
Turkish |
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| Work Place |
: |
Classroom |
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Course Outline /Schedule (Weekly) Planned Learning Activities |
| Week | Subject | Student's Preliminary Work | Learning Activities and Teaching Methods |
|
1 |
The definition and scope of the international economy
-The reasons’s of foreign trade
Differences between internal trade with foreign trade
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Lecture notes and recommended resources for the relevant sections |
Lecture |
|
2 |
Foreign trade theory
Assumptions
Absolute advantage theory
|
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
3 |
Foreign trade theory
Comparative advantage theory
The definition of the external trade policy
|
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
4 |
The aims of foreign trade policy
The historical development of the foreign trade policy
Free Trade and protection discussions
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Lecture notes and recommended resources for the relevant sections |
Lecture |
|
5 |
Foreign trade policy tools
Customs duty; definition, aim, types.
|
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
6 |
The economic effects of customs duties (protection, consumption, income, distribution)
The reflection of the relevant countries customs duties
|
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
7 |
Special Customs Regimes
Temporary admission
Free Zones
Warehouse
Transit trade
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Lecture notes and recommended resources for the relevant sections |
Lecture |
|
8 |
Non-tariff barriers (definition, scope)
-Quotas
Description, types, Economic Effects
Comparison of customs duties with quotas
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Lecture notes and recommended resources for the relevant sections |
Lecture |
|
9 |
Import Bans
Description
Causes
Effects (short term, long term)
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Lecture notes and recommended resources for the relevant sections |
Lecture |
|
10 |
-Foreign exchange control (Exchange control mechanism)
-Countervailing taxes
-Market share agreements |
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
11 |
Midterm Exam |
Lecture notes and recommended resources for the relevant sections |
Written Exam |
|
12 |
Import guarantees
-Multiple Rate System
-Subsidies
-Export subsidies
-The restriction of exports
-Invisible Blocks
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Lecture notes and recommended resources for the relevant sections |
Lecture |
|
13 |
International economic merger theory
Types of economic merger
|
Lecture notes and recommended resources for the relevant sections |
Lecture |
|
14 |
International economic mergers (continued)
Effect on member countries
Effects on production
Effects on comsumption
Effects on factor prices
Effects on growth rate and employment
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Lecture notes and recommended resources for the relevant sections |
Lecture |
|
15 |
International economic mergers in practice
The European Union (Treaty of Rome, the EU´s historical development, financial institutions, the EU ´ s ,common agricultural policy of the EU, Turkey-EU relations)
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Lecture notes and recommended resources for the relevant sections |
Lecture |
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16/17 |
Final Exam |
All lecture notes and resources |
Written Exam |
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Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
 Lecture notes that have been prepared and updated
Uluslararası İktisat, Teori Politika ve Uygulama, Prof. Dr. Halil Seyidoğlu, Güzem Can Yayınları, İstanbul, 2003.
Uluslararası Ekonomi, Teori Politika Sistem Kurumlar, Doç. Dr. Rıdvan Karluk, Bilim Teknik Yayınevi, İstanbul, 1987
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| |
| Required Course Material(s) | |
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Assessment Methods and Assessment Criteria |
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Semester/Year Assessments |
Number |
Contribution Percentage |
|
Mid-term Exams (Written, Oral, etc.) |
1 |
60 |
|
Homeworks/Projects/Others |
0 |
40 |
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Total |
100 |
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Rate of Semester/Year Assessments to Success |
40 |
| |
|
Final Assessments
|
100 |
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Rate of Final Assessments to Success
|
60 |
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Total |
100 |
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| Contribution of the Course to Key Learning Outcomes |
| # | Key Learning Outcome | Contribution* |
|
1 |
is be able to explain and apply basic theories related to major science and engineering courses in order to form a foundation which enables him/her to understand advanced level subjects related to his/her profession |
0 |
|
2 |
is able to describe, intorduce and evaluate crop and animal production techniques, tools and equipment used in this area and explain role, importance and development of agriculture in national and world economy |
0 |
|
3 |
is able to describe characteristics and interrelations of all stages from production to consumption in agricultural sector; is able to describe basic concepts related to efficienct and sustianable use of resources; is able to explain and apply basic economic principles used for this purpose |
0 |
|
4 |
is able to explain concepts, thought, theory and methods related to major economic, social, natural, cultural, institutional, organizational and legal factors affecting activities in agricultural sector and rural areas, also national and international forces and interaction between them, their universal and social effects |
5 |
|
5 |
is able to apply basic principles of economics to the problemes encountered in agricultural sector |
2 |
|
6 |
is able to show and express economic and social data to be used in agricultural decision making process in tables, graphs and mathematical symbols |
0 |
|
7 |
is able to apply ecosystem, biodiversity, sustainable resource management, rural development, planning and technology use related knowledge to crop and animal production and marketing processes |
3 |
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8 |
determines required data related to the analysis of problems encountered in agricultural sector, critically examines and uses those data, selects a proper frame, model and method for the analysis, and evaluates results of the analysis |
3 |
|
9 |
uses basic information technologies in the analysis of economic and social data and uses software prepared for this purpose and interpretes results |
0 |
|
10 |
is able to carry studies related to his/her field independently and according to the legal procedures; is able to give consultancy, supervising, and expertise services in those fields; is able to join to team works |
0 |
|
11 |
is able to get access to actual and updated information in the field; is able to inquire knowledge obtained and use them for public benefit according to the purpose selected |
0 |
|
12 |
is able to communicate with sepacialist and non-specialist people both in verbal and written form; is able to select most appropriate communications methods; is able to develop cooperation with stakeholders on producer and organization basis |
0 |
|
13 |
acquires general and professional foreign language command at a sufficient level to observe professional developments and communicate with colleagues;is able to use information and communication technologies |
0 |
|
14 |
is able to identify problems that can be encountered in agricultural sector; determines their context, evaluates effects of solutions, projects and policies applied in this context, produces solutions, projects and policy alternatives, foresees possible effects of alternatives suggested by himself/herself or others, selects the most appropriate alternative in terms of the goals selected, applies, direcs and monitors project |
3 |
|
15 |
is able to describe historical development of the profession, ethical principles obligatory during the performance of the profession and to be consicous of meticulous application of these principles |
0 |
| * Contribution levels are between 0 (not) and 5 (maximum). |
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| Student Workload - ECTS |
| Works | Number | Time (Hour) | Total Workload (Hour) |
| Course Related Works |
|
Class Time (Exam weeks are excluded) |
16 |
2 |
32 |
|
Out of Class Study (Preliminary Work, Practice) |
16 |
2 |
32 |
| Assesment Related Works |
|
Homeworks, Projects, Others |
0 |
0 |
0 |
|
Mid-term Exams (Written, Oral, etc.) |
1 |
10 |
10 |
|
Final Exam |
1 |
10 |
10 |
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Total Workload: | 84 |
| Total Workload / 25 (h): | 3.36 |
| ECTS Credit: | 3 |
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