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. Having the ability to understand and discuss international relations discipline by using an interdisciplinary methodology to merge the knowledge coming from sociology, economics, psychology, political sciences well as diplomatic history.
- P02 2. Having an adequate knowledge of the history and the epochs of international system and being able to identify historical evolution of the contemporary world politics.
- P03 3. Recognizing local, regional and international actors functioning within the international system.
- P04 4. Understanding the legal framework of the current international system
- P05 5. Ability to identify the relations between the key actors of the international system – the states – from a theoretical as well as multi-dimensional scientific and academic methods.
- P06 6. Ability to analyse the roles and positions of the non-state actors – international organizations in particular – within the current world system.
- P07 7. Ability to recognize political, socio-economic and cultural structures embedded in international relations.
- P08 8. Exploring the roots of conflicts among the actors and produce solutions at local, regional and international levels with an analytical focus.
- P09 9. Being able to understand the politics and the functioning of political institutions in theory and practice.
- P10 10. Understanding the historical emergence of various political cultures and gaining ability to assess them comparatively.
- P11 11. Prepare international relations graduates; having a vast knowledge, academic formation and skills to work in public offices, civil society organizations, international institutions and companies at local and global levels.
- P12 12. To have moral and ethical understanding in the field of work.
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