Course Name | International Economics I |
Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
---|---|---|---|---|---|
ECON 305 | Fall | 3 | 0 | 3 | 6 |
Prerequisites |
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Course Language | English | |||||||||||
Course Type | Required | |||||||||||
Course Level | First Cycle | |||||||||||
Mode of Delivery | - | |||||||||||
Teaching Methods and Techniques of the Course | ||||||||||||
Course Coordinator | ||||||||||||
Course Lecturer(s) | ||||||||||||
Assistant(s) | - |
Course Objectives | The models studied will provide students with the analytical tools that will allow them not only to understand the underlying basis for trade but also to critically evaluate observed trade policies. |
Learning Outcomes | The students who succeeded in this course;
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Course Description | Foreign trade theories and policies will be covered in this course. In this framework, Classical and NeoClassical trade theories, HeckscherOhlin model, trade policies, protectionism, and political economy of trade will be explored. Additionally, emphasis will be put on the effects of tariffs, nontariff barriers and quotas. Lastly, economic integration and foreign trade in developing countries will be analyzed in this course. |
| Core Courses | X |
Major Area Courses | ||
Supportive Courses | ||
Media and Managment Skills Courses | ||
Transferable Skill Courses |
Week | Subjects | Required Materials |
1 | Introduction to International Economics | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 1 |
2 | Early Trade Theories | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 2 |
3 | The Classical Theory of Trade and Its Extensions | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Chs. 34 |
4 | Neoclassical trade theory | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Chs. 56 |
5 | Offer curves and international terms of trade | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 7 |
6 | HeckscherOhlin trade theory | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Chs. 89 |
7 | Review of the Semester | |
8 | Economic Growth and International Trade | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 11 |
9 | International Factor Movements | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 12 |
10 | Transnational Corporations and Trade Theory | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 13 |
11 | Review of the Semester | |
12 | Trade Policy – Instruments and Impacti | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 14 |
13 | Economic Integration | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 17 |
14 | International Trade and the Developing Countries | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 18 |
15 | International Trade and the Developing Countries (continues) | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 18 |
16 | REVIEW |
Course Notes/Textbooks | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill |
Suggested Readings/Materials |
Semester Activities | Number | Weigthing |
Participation | 14 | 10 |
Laboratory / Application | ||
Field Work | ||
Quizzes / Studio Critiques | ||
Portfolio | ||
Homework / Assignments | ||
Presentation / Jury | ||
Project | 1 | 20 |
Seminar / Workshop | ||
Oral Exam | ||
Midterm | 1 | 35 |
Final Exam | 1 | 35 |
Total |
Weighting of Semester Activities on the Final Grade | 65 | |
Weighting of End-of-Semester Activities on the Final Grade | 35 | |
Total |
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 | 1 | 16 |
Field Work | |||
Quizzes / Studio Critiques | |||
Portfolio | |||
Homework / Assignments | |||
Presentation / Jury | |||
Project | 1 | 26 | |
Seminar / Workshop | |||
Oral Exam | |||
Midterms | 1 | 30 | |
Final Exams | 1 | 30 | |
Total | 150 |
# | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
1 | To be able to acquire a sound knowledge of fundamental concepts, theories, principles and methods of investigation specific to the economic field. | X | ||||
2 | To be able to apply adequate mathematical, econometric, statistical and data analysis models to process economic data and to implement scientific research for development of economic policies. | X | ||||
3 | To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently. | X | ||||
4 | To be able to have adequate social responsibility with regards to the needs of the society and to organize the activities to influence social dynamics in line with social goals. | |||||
5 | To be able to integrate the knowledge and training acquired during the university education with personal education and produce a synthesis of knowledge one requires. | |||||
6 | To be able to evaluate his/her advance level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically. | X | ||||
7 | To be able to acquire necessary skills to integrate social dynamics into economic process both as an input and an output. | X | ||||
8 | To be able to link accumulated knowledge acquired during the university education with historical and cultural qualities of the society and be able to convey it to different strata of society. | |||||
9 | To be able to take the responsibility as an individual and as a team member. | |||||
10 | To be able to attain social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis. | X | ||||
11 | To be able to collect data in economics and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1) | X | ||||
12 | To be able to speak a second foreign at a medium level of fluency efficiently. | |||||
13 | To be able to relate the knowledge accumulated throughout human history to their field of economics. |
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest