Information Package
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Program of Economics (English)

ECO414

WORLD ECONOMICS

Course Code
ECO414
Semester
-
Theory+Practice
3 + 0
ECTS
5
Course TypeElective Course
Course LevelBachelor's Degree
Year of Study-
Semester-
ECTS5
Name of Lecturer(s)
Learning Outcomes

At the end of this course, the students;

  1. acquire comprehensive knowledge of the world economy, including key trends, global challenges, and major crises
  2. develop an understanding of various economies at both the country and country-group levels
  3. acquire fundamental knowledge on current issues such as inequality, sustainability, migration, and foreign aid
  4. understand the functions of major economic institutions
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme Components-
Course DescriptionIn this course, in addition to learning fundamental knowledge about the world economy, attention will be given to the current global economic order, the multidimensional nature of globalization, and global challenges. Furthermore, the topics of economic integration and international organizations will be addressed. The aim of this course is to understand today's world economy as a whole, to be able to solve the problems faced by the world economy and to examine the economic policies that direct the world economy.
Course Contents
WEEK TOPICS
1st Week Key Concepts of the Global Economy
2nd Week World Economy Major Trends
3rd Week World Economy Major Trends
4th Week Resources of World Economy
5th Week Global Business Environment: Countries or Regions (Developed Economies as a Group, USA, EU)
6th Week Global Business Environment: Countries or Regions (Less Developed Economies as a Group, China, India, Southeast Asia)
7th Week Midterm
8th Week Global Business Environment: Countries or Regions (The Near and Middle East,Latin America, Sub-Saharan Africa, Russia and Other Post-Soviet Economics)
9th Week Global Challenges
10th Week Important Crises of the World Economy
11th Week International Economic Organisations
12th Week Regional Economic Integration
13th Week Globalization and Inequality
14th Week Migration and Foreign Aid
Recommended or Required ReadingBulatov, A. (2023). World Economy and International Business: Theories, Trends, and Challenges. Springer.
Wild, J.J. and Wild, K.L. (2023). International Business: The Challenges of Globalization. Pearson, Tenth Edition.
Ravenhill, J. (2020). Global Political Economy. Oxford, Sixth Edition.
Beugelsdijk, S., Brakman, S., Garretsen, H. and Van Marrewijk, C. (2013). International Economics and Business. Cambridge, Second Edition.
Tapia, J.A. (2023). Six Crises of the World Economy: Globalization and Economic Turbulence from the 1970s to the COVID-19 Pandemic. Palgrave.
Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
Assessment Methods and Criteria
Quantity Percentage (%)
Project 1 40
Total(%) 40
Contribution of In-term Studies to Overall Grade(%) 40
Contribution of Final Examination to Overall Grade(%) 60
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 0 0 0
Preparation for Quiz 0 0 0
Individual or group work 14 3 42
Preparation for Final exam 1 30 30
Course hours 14 3 42
Preparation for Midterm exam 0 0 0
Laboratory (including preparation) 0 0 0
Final exam 1 1 1
Homework 0 0 0
Project 1 30 30
Total Work Load145
Total Work Load / 30 (h)4.83
ECTS Credit of the Course5
Language of InstructionEnglish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

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