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TR

INTERNATIONAL ECONOMICS-I

Course
ECON353 - INTERNATIONAL ECONOMICS-I
Department
Economics - English - Undergraduate
Course Type
Course
Status
Required
Language
English
Credit
3
ECTS
6
T+P+L
3 + 0 + 0
Course Coordinator(s)
Asst. Prof. Dr. Isah WADA
Prerequisite
-
Keywords

Course Description

The course covers the fundamental trade theories such as comparative advantage, Heckscher-Ohlin model and other post-HO trade theories as well as the welfare analysis of trade policies such as tariffs, quotas, subsidies and economic integration. The aim of this course is to introduce the students to various trade theories explaining why trade exists and how it affects the welfare between and within the countries. The theories covered include comparative advantage, standard theory of trade, Heckscher-Ohlin theory and post-HO contemporary trade theories. The second part of the course covers different trade policies such as tariffs, quotas, VERs, subsidies and economic integration, and their welfare analysis.

INTERNATIONAL ECONOMICS-I

Evaluation Tools (Active Term)

Item Type Weight (%)
Quiz 1 Quiz 15
Quiz 2 Quiz 15
Midterm Midterm 30
Final Final 40
Total 100

Course outcomes

No course outcomes have been defined yet.

Course Syllabus

Week Topic
Week 1 International flows of funds
Week 2 What is a monetary standard
Week 3 The Gold Standard
Week 4 The Bretton Woods Agreement
Week 5 The International Monetary Fund, The International Bank for Reconstruction and Development
Week 6 The Bank For International Settlement - Basel
Week 7 MID TERM EXAM
Week 8 The Balance of Payments
Week 9 The current International Monetary System
Week 10 Exchange rates, PPP
Week 11 Currency Markets
Week 12 Determinants of trade flows: David Ricardo, Hekscher-Ohlin
Week 13 Arguments for free trade
Week 14 Tariffs, protectionism and The World Trade Organization
Week 15 International Factor movements

Reference Books & Course Materials

  1. 01 "International Economics" Appleyard, Cobb and Field ISBN:978-125-929-0626
  2. 02 "International Economics" Krugman, Paul R. and Maurice Obstfeld Pearson Addison-Wesley ISBN:978-01-332-236-48

Learning Outcomes

  1. L01 be able to understand the principles and applications of international economics SOLO 3
  2. L02 learns certain trade theories. SOLO 4
  3. L03 learns the tariff and non-tariff barriers SOLO 3
  4. L04 understands international factor movements SOLO 4
  5. L05 understands different exchange rate systems SOLO 3
  6. L06 learns international macroeconomic policy coordination SOLO 4

Program Outcomes

  1. P01 1- To have advanced theoretical and practical knowledge supported by textbooks, application tools and other resources including current information in the field of Accounting and Finance.
  2. P02 2- To be able to use advanced theoretical and practical knowledge acquired in the field of Accounting and Finance.
  3. P03 3- To be able to interpret and evaluate data, identify problems, analyze and develop solutions based on research and evidence by using advanced knowledge and skills acquired in the field of Accounting and Finance.
  4. P04 4- To be able to take responsibility as an individual and a team member in order to solve complex and unpredictable problems in accounting and finance applications.
  5. P05 5- To be able to plan and manage activities for the development of employees under the responsibility of a project.
  6. P06 6- To be able to determine the learning requirements in the field of Accounting and Finance and to direct their learning.
  7. P07 7- To be able to inform people and institutions about issues related to the field of accounting and finance, and to be able to transfer their ideas and solution proposals in writing and orally.
  8. P08 8- To be able to use information and communication technologies together with computer software at the European Computer Driving License Advanced Level required by the field of Accounting and Finance.
  9. P09 9- To act in accordance with social, scientific, cultural and ethical values in the stages of collecting, interpreting, applying and announcing the results related to the field of accounting and finance.

Po-Lo Matrix

LO P01 P02 P03 P04 P05 P06 P07 P08 P09 Average
L01 - - - - - - - - - -
L02 - - - - - - - - - -
L03 - - - - - - - - - -
L04 - - - - - - - - - -
L05 - - - - - - - - - -
L06 - - - - - - - - - -