COURSE INTRODUCTION AND APPLICATION INFORMATION

ireu.ieu.edu.tr

Course Name

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
	Spring

Prerequisites

	ECON 101	To succeed (To get a grade of at least DD)
and	ECON 102	To 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

Yrd. Doç. Dr. Sıtkı Değer ERYAR

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
#	Program Competencies/Outcomes	1	2	3	4	5
1	To be able to use the advanced theoretical and practical knowledge that the graduates have acquired in the areas of international relations
2	To be able to examine, interpret data and assess concepts and ideas with the scientific methods in the area of international relations/political science
3	To take the responsibility as a group team member and as an individual to solve unforeseen and multidimensional problems that are unforeseen in practice				X
4	To be able to recognize regional and global issues/problems, and to be able to develop solutions based on research and scientific evidence
5	To be able to assess the acquired knowledge and skills in the area of international relations/political science critically and to detect learning requirements and to guide learning.
6	To be able to inform authorities and institutions in the area of international relations; to be able to transfer ideas and proposals supported by quantitative and qualitative data about the problems verbally and in writing to experts and nonexperts.
7	To be able to interpret theoretical debates regarding relations among factors in global politics such as structures, institutions and culture, to be able to pinpoint the continuities and changes of main dynamics of international relations,
8	To be able to distinguish the differences between the classical and contemporary theories and to assess their relationship,
9	To be able to make use of other disciplines that international relations are based upon (political science, law, economics, sociology, psychology, etc.) and to have the basic knowledge of these disciplines.					X
10	To be able to keep abreast of current news on international relations, learn a foreign language and to communicate with one’s peers (European language portfolio global scale, level B1)
11	To be able to speak a second foreign at a medium level of fluency efficiently
12	To have ethical, social and scientific values in the stages throughout the processes of collecting, interpreting, disseminating and implementing data related to international relations.
13	To be able to improve the acquired knowledge, skills and qualifications for personal and social reasons

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