11111

COURSE INTRODUCTION AND APPLICATION INFORMATION


eco.ieu.edu.tr

Course Name
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
Spring
Prerequisites
 ECON 101To succeed (To get a grade of at least DD)
andECON 102To succeed (To get a grade of at least DD)
Course Language
Course Type
Required
Course Level
-
Mode of Delivery -
Teaching Methods and Techniques of the Course
Course Coordinator
Course Lecturer(s)
Assistant(s) -
Course Objectives
Learning Outcomes The students who succeeded in this course;
  • Will be able to profoundly analyze the balance of payments, spot and forward exchange markets.
  • Will be able to explain the short and long run determinants of exchange rates.
  • Will be able to compare and contrast advantages and disadvantages of fixed and flexible exchange rate policies.
  • Will be able to discuss the impact of open economy macroeconomics and domestic policies on the balance of payments.
Course Description

 



Course Category

Core Courses
X
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 The Balance of Payments Accounts Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 19
2 The Foreign Exchange Market Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 20
3 International Financial Markets and Instruments Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 21
4 The Monetary and Portfolio Balance Approaches to External Balance Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 22
5 1st midterm
6 The Monetary and Portfolio Balance Approaches to External Balance Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 22
7 Price Adjustments and Balance of Payments Disequilibrium Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 23
8 National Income and the Current Account Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 24
9 Economic Policy in the Open Economy: Fixed Exchange Rates Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 25
10 2nd midterm
11 Economic Policy in the Open Economy: Flexible Exchange Rates Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 26
12 Prices and Output in the Open Economy Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 27
13 Fixed or Flexible exchange rate Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 28
14 International Monetary System Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 29
15 Financialization and Developing Countries Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 30
16 Current Policy Issues Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 30
Course Notes/Textbooks Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill 2008
Suggested Readings/Materials

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
16
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
Project
1
15
Seminar / Workshop
Oral Exam
Midterm
2
50
Final Exam
1
25
Total

Weighting of Semester Activities on the Final Grade
75
Weighting of End-of-Semester Activities on the Final Grade
25
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
Study Hours Out of Class
16
2
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
Project
1
16
Seminar / Workshop
Oral Exam
Midterms
2
18
Final Exams
1
20
    Total
152

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1 To have a sound knowledge of the quantitative and qualitative methods that will help to examine the premises of different theories for an applied subject so that a contribution to solving current economic problems can be made. X
2 To have the experience of writing, using software, and doing presentations in the newspapers, magazines, meetings, panels, and in equivalent virtual platforms (internet), in order to share their accumulated knowledge and problem solving ability acquired during their education. X
3 To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently. X
4 To have adequate social responsibility and awareness with regards to the needs of the society and to have sufficient experience and qualifications to organize and support the activities to influence the social dynamics in line with the social goals.
5 To be able to integrate the knowledge and training acquired during the university education with personal and work experience and produce a synthesis of knowledge she requires.
6 To have the ability to evaluate his/her advance (post graduate) level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically. X
7 To have sufficient practical and theoretical knowledge base in order to define the economic agents and their interaction both in the national and global level, to process economic data and to implement scientific research for development of economic policies. X
8 Keeping in mind that economics is a social science, to have the skills to integrate social dynamics into economic process both as an input and an output and to be open to theoretical innovations in this direction.
9 To associate accumulated knowledge acquired during the university education with historical and cultural qualities of the society and to convey it to different groups.
10 To be able to follow knowledge and change in economics and communicate with colleagues in a foreign language. X
11 To possess social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis. X
12 To have advanced level of speaking and writing skills of a second foreign language to support continuation of post graduate professional and individual development

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 

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