INTERNATIONAL ECONOMICS II
- Course
- ECON354 - INTERNATIONAL ECONOMICS II
- Department
- Economics - English - Undergraduate
- Course Type
- Course
- Status
- Required
- Language
- English
- Credit
- 3
- ECTS
- 6
- T+P+L
- 3 + 0 + 0
- Course Coordinator(s)
- -
- Prerequisite
- -
- Keywords
Course Description
The objective of this course is to provide students with a comprehensive understanding of key concepts and frameworks in international economics. It aims to deepen students' grasp of international trade theory, including the gains from trade, comparative advantage, and the effects of trade policy instruments such as tariffs and quotas. Students will also develop a solid foundation in national income accounting and the balance of payments, enabling them to analyze a country's economic transactions with the rest of the world. The course explores the dynamics of exchange rates, examining how they are determined and how they interact with money markets and interest rates. It further covers the relationship between price levels and exchange rates in the long run, and the impact of exchange rates on output and economic activity in the short run. In addition, students will gain a deeper understanding of the international monetary system, its evolution, and current issues, preparing them for informed analysis of global economic events and policy debates.
INTERNATIONAL ECONOMICS II
Evaluation Tools (Active Term)
No evaluation items have been defined.
Course outcomes
No course outcomes have been defined yet.
Course Syllabus
| Week | Topic |
|---|---|
| Week 1 | Introduction |
| Week 2 | World Trade: An Overview |
| Week 3 | Labour Productivity and Comparative Advantage: The Ricardian Model |
| Week 4 | Labour Productivity and Comparative Advantage: The Ricardian Model |
| Week 5 | Resources, Comparative Advantage and Income Distribution |
| Week 6 | Resources, Comparative Advantage and Income Distribution |
| Week 7 | The Standard Trade Model |
| Week 8 | Midterm Exam |
| Week 9 | The Standard Trade Model |
| Week 10 | The Standard Trade Model (cont.) |
| Week 11 | National Income Accounting and the Balance of Payments |
| Week 12 | National Income Accounting and the Balance of Payments (cont.) |
| Week 13 | Exchage Rates and Open-Economy Macroeconomics |
| Week 14 | Exchage Rates and Open-Economy Macroeconomics (cont.) |
| Week 15 | Exchage Rates and Open-Economy Macroeconomics (cont.) |
Reference Books & Course Materials
- 01 1. Paul R. Krugman and Maurice Obstfeld, International Economics: Theory and Policy, 10th Edition, Pearson, 2017.
- 02 2. Dominick Salvatore, International Economics, 11th Edition, John Wiley & Sons Inc., 2013.
Learning Outcomes
No learning outcomes have been defined.
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
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