ECO311
INTERNATIONAL ECONOMICS I
- Course Code
- ECO311
- Semester
- Fifth Term (Fall)
- Theory+Practice
- 3 + 0
- ECTS
- 5
| Course Type | Compulsory Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | 3 |
|---|
| Semester | Fifth Term (Fall) |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Define the concepts and determinants of international trade.
- Compare the international trade models.
- Interpret the results of international trade policies.
- Explain the determinants of the international location of production.
- Examine the behavior of firms in the global economy.
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | None |
|---|
| Course Description | This course focuses on explaining and examining the basic concepts of international trade. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Introduction. |
|
2nd Week |
World Trade: An Overview |
|
3rd Week |
The Ricardian Model |
|
4th Week |
Extensions and Empirical tests of the Ricardian Model |
|
5th Week |
The Specific Factors Model |
|
6th Week |
Extensions and Empirical tests of the Specisif Factors Model |
|
7th Week |
Midterm |
|
8th Week |
The Heckscher-Ohlin Model |
|
9th Week |
Extensions and Empirical Tests of the Heckscher-Ohlin Model |
|
10th Week |
External Economiies of Scale |
|
11th Week |
Firms in the Global Economy |
|
12th Week |
The Instruments of Trade Policy |
|
13th Week |
The Political Economy Trade Policy |
|
14th Week |
More Discussion on Trade Policy |
|
| Recommended or Required Reading | Krugman, Obstfeld, Melitz. International Economics Theory and Policy, Pearson. |
|---|
| Planned Learning Activities and Teaching Methods |
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
40 |
| Quiz |
2 |
15 |
| Total(%) |
|
55 |
| Contribution of In-term Studies to Overall Grade(%) |
|
55 |
| Contribution of Final Examination to Overall Grade(%) |
|
45 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
1.5 |
1.5 |
| Preparation for Quiz |
2 |
10 |
20 |
| Individual or group work |
14 |
3 |
42 |
| Preparation for Final exam |
1 |
25 |
25 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
20 |
20 |
| Laboratory (including preparation) |
0 |
0 |
0 |
| Final exam |
1 |
1.5 |
1.5 |
| Homework |
0 |
0 |
0 |
| Total Work Load | 152 |
| Total Work Load / 30 (h) | 5.06 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | English |
|---|
| Work Placement(s) | No |
|---|
Programme Qualifications / Learning Outcomes
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LO1 |
LO2 |
LO3 |
LO4 |
LO5 |
| K1 |
X |
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| K2 |
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X |
X |
X |
X |
| K3 |
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X |
X |
X |
| K4 |
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X |
X |
X |
| K5 |
|
X |
X |
X |
X |
| K6 |
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| K7 |
|
X |
X |
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| K8 |
|
X |
X |
X |
X |
| K9 |
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| K10 |
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X |
X |
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| K11 |
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| K12 |
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| K13 |
|
X |
X |
X |
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