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
- -
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
- 01 "International Economics" Appleyard, Cobb and Field ISBN:978-125-929-0626
- 02 "International Economics" Krugman, Paul R. and Maurice Obstfeld Pearson Addison-Wesley ISBN:978-01-332-236-48
Learning Outcomes
- L01 be able to understand the principles and applications of international economics SOLO 3
- L02 learns certain trade theories. SOLO 4
- L03 learns the tariff and non-tariff barriers SOLO 3
- L04 understands international factor movements SOLO 4
- L05 understands different exchange rate systems SOLO 3
- L06 learns international macroeconomic policy coordination SOLO 4
Program Outcomes
- 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.
- P02 2- To be able to use advanced theoretical and practical knowledge acquired in the field of Accounting and Finance.
- 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.
- 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.
- P05 5- To be able to plan and manage activities for the development of employees under the responsibility of a project.
- P06 6- To be able to determine the learning requirements in the field of Accounting and Finance and to direct their learning.
- 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.
- 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.
- 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 | - | - | - | - | - | - | - | - | - | - |