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  Course Description
Course Name : International Economics I

Course Code : EC 301

Course Type : Optional

Level of Course : First Cycle

Year of Study : 3

Course Semester : Fall (16 Weeks)

ECTS : 4

Name of Lecturer(s) : Prof.Dr. MURAT DOĞANLAR

Learning Outcomes of the Course : Learns the historical and methodological development of international trade relations
Is able to make foreign trade theory and economic growth analyses
Reveals restrictive policies and foreign trade and their economic consequences
Understands the international trade agreements and economic integrations
Understands and interprets the current economic issues related to international trade

Mode of Delivery : Face-to-Face

Prerequisites and Co-Prerequisites : None

Recommended Optional Programme Components : None

Aim(s) of Course : This course aims to help students to perceive international awareness of the role of international issues and to have an understanding about new events and developments by using international trade and policies effectively in international economic and political extent. In this context, the reasons of international trade will be analysed by using different theories. The framework initially will use free trade perception and afterwards, the effects of interventional policies will be tried to explain.

Course Contents : The course includes all economic events, relations and developments between different countries. In this course, principally, micro- and macro- methods will be used in framework of analysis, but they will be applied to a different model which includes at least two countries.

Language of Instruction : Turkish

Work Place : Faculty classroom


  Course Outline /Schedule (Weekly) Planned Learning Activities
Week Subject Student's Preliminary Work Learning Activities and Teaching Methods
1 Introduction, The World of International Economics Relevant chapter Lecture
2 The Classical World of David Ricardo and Comparative Advantage Relevant chapter Lecture
3 Models with two countries and more than two commodities Relevant chapter Lecture
4 Supply and demand models Relevant chapter Lecture
5 Factor endowments and the Heckscher-Ohlin model Relevant chapter Lecture
6 Foreign trade theory and economic growth analyses Relevant chapter Lecture
7 Foreign trade policy Relevant chapter Lecture
8 Midterm Preperation for the exam Midterm
9 The Impact of Trade Policies: Import tariffs, import quota and a subsidy to import-competing production, export policies Relevant chapter Lecture
10 The Impact of Trade Policies: Import tariffs, import quota and a subsidy to import-competing production, export policies Relevant chapter Lecture
11 Economic Integration: types, the static and dynamic effects Relevant chapter Lecture
12 Offer curves and the Terms of Trade Relevant chapter Lecture
13 International Trade agreements Relevant chapter Lecture
14 International trade and the developing countries Relevant chapter Lecture
15 General review Review of topics Lecture, problem session
16/17 Final exam Preperation for the exam Final exam


  Required Course Resources
Resource Type Resource Name
Recommended Course Material(s)  Seyidoğlu, Halil (2009) Uluslararası İktisat, Güzem Yayınları, İstanbul
 Russell Roberts: Tercih: Bir Serbest Ticaret Korumacılık Öyküsü, Liberte Yayınları, Ankara, 2001
 N.Emrah Aydınonat: Modern Uluslararası İktisat Teorisinin Kökenleri, Siyasal Kitabevi, Ankara 2007
Required Course Material(s)


  Assessment Methods and Assessment Criteria
Semester/Year Assessments Number Contribution Percentage
    Mid-term Exams (Written, Oral, etc.) 1 100
    Homeworks/Projects/Others 0 0
Total 100
Rate of Semester/Year Assessments to Success 40
 
Final Assessments 100
Rate of Final Assessments to Success 60
Total 100

  Contribution of the Course to Key Learning Outcomes
# Key Learning Outcome Contribution*
1 Models problems with Mathematics, Statistics, and Econometrics 1
2 Explains Econometric concepts 2
3 Estimates the model consistently and analyzes & interprets its results 2
4 Acquires basic Mathematics, Statistics and Operation Research concepts 1
5 Equipped with the foundations of Economics, and develops Economic models 4
6 Describes the necessary concepts of Business 1
7 Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems 4
8 Collects, edits, and analyzes data 1
9 Uses a package program of Econometrics, Statistics, and Operation Research 0
10 Effectively works, take responsibility, and the leadership individually or as a member of a team 4
11 Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study 5
12 Develops the ability of using different resources in the form of academic rules, synthesis the information gathered, and effective presentation in an area which has not been studied 5
13 Uses Turkish and at least one other foreign language, academically and in the business context 1
14 Good understanding, interpretation, efficient written and oral expression of the people involved 1
15 Questions traditional approaches and their implementation while developing alternative study programs when required 2
16 Recognizes and implements social, scientific, and professional ethic values 1
17 Follows actuality, and interprets the data about economic and social events 4
18 Improves himself/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development 0
* Contribution levels are between 0 (not) and 5 (maximum).

  Student Workload - ECTS
Works Number Time (Hour) Total Workload (Hour)
Course Related Works
    Class Time (Exam weeks are excluded) 14 4 56
    Out of Class Study (Preliminary Work, Practice) 14 3 42
Assesment Related Works
    Homeworks, Projects, Others 0 0 0
    Mid-term Exams (Written, Oral, etc.) 1 6 6
    Final Exam 1 6 6
Total Workload: 110
Total Workload / 25 (h): 4.4
ECTS Credit: 4