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TR

INTERNATIONAL ECONOMICS

Course
BUSN423 - INTERNATIONAL ECONOMICS
Department
Business Administration - English - Undergraduate
Course Type
Course
Status
Required
Language
English
Credit
3
ECTS
5
T+P+L
3 + 0 + 0
Course Coordinator(s)
-
Prerequisite
-
Keywords

Course Description

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INTERNATIONAL ECONOMICS

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

  1. 01 learning the principles of international trade theory and policy
  2. 02 Trade models
  3. 03 Gravity model
  4. 04 Trade policy in advanced countries vs developing countries
  5. 05 Trade policy and monetary policy in an open economy -Free trade
  6. 06 Learning important historical information
  7. 07 Theoretical discussions
  8. 08 Able to analyse the trade and policy diagrams
  9. 09 Key terms and phrases in the international trade and economic subject
  10. 10 The case studies that refelects the real and current world trade and economics

Course Syllabus

Week Topic
Week 1 INTRODUCTION
Week 2 Introduction of International Trade
Week 3 World Trade:Overview
Week 4 Labor Productivity and Comparative Advantage: The Ricardian Model
Week 5 The Ricardian Model
Week 6 The Ricardian Model
Week 7 MIDTERM
Week 8 MIDTERM
Week 9 Specific factors and Income Distribution
Week 10 The Standard Trade Model
Week 11 The Instruments of Trade Policy
Week 12 The Instruments of Trade Policy
Week 13 Trade Policy in Developing Countries
Week 14 Trade Policy in Developing Countries
Week 15 Revision

Reference Books & Course Materials

  1. 01 1. Krugman, P. R., & Obstfeld, M. (2009). International economics: Theory and policy. Boston: Pearson Addison-Wesley.
  2. 02 2. Appleyard D., Field A. (2009) International Economics, Mcgraw-Hill, 7th ed.

Learning Outcomes

  1. L01 learning the principles of international trade theory and policy
  2. L02 Trade models
  3. L03 Gravity model
  4. L04 Trade policy in advanced countries vs developing countries
  5. L05 Trade policy and monetary policy in an open economy -Free trade
  6. L06 Learning important historical information
  7. L07 Theoretical discussions
  8. L08 Able to analyse the trade and policy diagrams
  9. L09 Key terms and phrases in the international trade and economic subject
  10. L10 The case studies that refelects the real and current world trade and economics

Program Outcomes

  1. P01 PO1: Engaged in insightful thinking leading to self-learning and lifelong learning.
  2. P02 PO2: Established a general knowledge of economics sufficient to work independently through specific learned techniques generated via individual efforts and study.
  3. P03 PO3: Reached the required knowledge and skills to understand social, economic and legal issues both within national, international and global contexts and apply theoretical knowledge of economics to practice.
  4. P04 PO4: Adopted the ability to critically evaluate, analyze and interpret information gathered through the use of related statistical software programs to suggest creative solutions for economic problems and make relevant economic decisions.
  5. P05 PO5: Been aware of gathering and analyzing data through the application of appropriate technological tools in an ethical and safe manner in order to generate economic decisions and policy suggestions.
  6. P06 PO6: Been equipped with conceptual and analytical skills essential for team-working and collaborations for economic decision making for a variety of economic concepts in national and global environment.
  7. P07 PO7: Endowed with both oral and written communication skills within the economic field to effectively study and work in an international environment
  8. P08 PO8: Been able to transfer theoretical knowledge to real life economic environment: to generate policies for microeconomic and macroeconomic problems faced by individuals, firms and governments at national, international and global context.
  9. P09 PO9: Developed an ability to apply economic analysis to everyday problems in real world through the development of ethical perspectives and social responsibilities at work and in personal life.

Po-Lo Matrix

LO P01 P02 P03 P04 P05 P06 P07 P08 P09 Average
L01 - - - - - - - - - -
L02 - - - - - - - - - -
L03 - - - - - - - - - -
L04 - - - - - - - - - -
L05 - - - - - - - - - -
L06 - - - - - - - - - -
L07 - - - - - - - - - -
L08 - - - - - - - - - -
L09 - - - - - - - - - -
L10 - - - - - - - - - -