INTERNATIONAL ECONOMICS

ULT371

Course Code: ULT371
Semester: Fifth Term (Fall)
Theory+Practice: 3 + 0
ECTS: 5

Course Type

Compulsory Course

Course Level

Bachelor's Degree

Year of Study

Semester

Fifth Term (Fall)

ECTS

Name of Lecturer(s)

Learning Outcomes

At the end of this course, the students;

Understand the theories of international trade (absolute advantage, comparative advantage, factor endowment, offer curves, similarity of preferences, intra-industry trade, etc.).
Use basic economic analysis methods (supply and demand curves, indifference curves, cost and output curves, etc.).
Explain and interpret international trade theories through basic economic analysis methods.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

Introduction of Economics I.

Course Description

International economics consists of two parts: international trade and international finance. International trade theories and their comparison is made in this course. Similarly, the main concepts of international finance are also analyzed in this course.

Course Contents

WEEK	TOPICS
1^st Week	International trade theory: an overview
2^nd Week	Theoretical models of international trade : The Ricardian Model
3^rd Week	A model of a two factor economy
4^th Week	Alternative international trade theories: demand and technology
5^th Week	Alternative international trade theories: demand and technology
6^th Week	Imperfect market and international trade
7^th Week	Imperfect market and international trade
8^th Week	Midterm exam
9^th Week	International factor movements
10^th Week	International political economy: the instruments of trade policy
11^th Week	International political economy: the instruments of trade policy
12^th Week	Import substituting industrialization and the infant industry theory
13^th Week	Integration of Turkey-AB
14^th Week	Review

Recommended or Required Reading

Krugman, Obstfeld ve Melitz (2016), Uluslararası İktisat: Teori ve Politika, Palme Yayıncılık.

Planned Learning Activities and Teaching Methods

Lecture
Questions/Answers

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	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	1	1	1
Preparation for Quiz
Individual or group work
Preparation for Final exam	1	60	60
Course hours	13	3	39
Preparation for Midterm exam	1	40	40
Laboratory (including preparation)
Final exam	1	1	1
Homework
Total Work Load			141
Total Work Load / 30 (h)			4.7
ECTS Credit of the Course			5

Language of Instruction

Turkish

Work Placement(s)

Programme Qualifications / Learning Outcomes

	LO1	LO2	LO3
K1
K2
K3
K4
K5
K6
K7	X	X	X
K8	X	X	X
K9
K10