Course Name | International Economics II |
Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
---|---|---|---|---|---|
ECON 306 | Spring | 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 primary aim of this course is to shed light on financial aspects of international economic relations. Financial liberalization both at the national and international level signified the last phase of globalization. In this course, both financial liberalization and the strategies of various actors embedded in this process will be analyzed in the light of recent theories. |
Learning Outcomes | The students who succeeded in this course;
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Course Description | This course introduces the students to the basics of the international financial theory. It analyzes the relationships between economic indicators and international transactions from a macroeconomic perspective. This course is built on three main topics. First part consists of the basics of international monetary economics; in the second part emphasis will be on macroeconomic policies in an open economy framework; and international monetary agreements will be analyzed in the last part of the course. Other topics include balance of payments, foreign exchange markets, international financial markets and instruments, fixed and flexible exchange rate regimes, and international monetary systems. |
| Core Courses | X |
Major Area Courses | ||
Supportive Courses | ||
Media and Managment Skills Courses | ||
Transferable Skill Courses |
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 | 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 |
6 | 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 |
7 | National Income and the Current Account | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 24 |
8 | Midterm Exam | |
9 | Economic Policy in the Open Economy: Fixed Exchange RatesDışa Açık Ekonomilerde İktisadi Politikalar: Sabit Döviz Kuru | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 25 |
10 | Economic Policy in the Open Economy: Flexible Exchange RatesDışa Açık Ekonomilerde İktisadi Politikalar: Esnek Döviz Kuru | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 26 |
11 | 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 |
12 | Fixed or Flexible exchange rate | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 28 |
13 | International Monetary System | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 29 |
14 | Financialization and Developing Countries | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 30 |
15 | Current Policy Issues | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill Ch. 30 |
16 | Review of the Semester |
Course Notes/Textbooks | Dennis R. Appleyard, Alfred J. Field, JR, and Steven L. Cobb, International Economics, Fifth Edition, McGrawHill 2008 |
Suggested Readings/Materials |
Semester Activities | Number | Weigthing |
Participation | 16 | 10 |
Laboratory / Application | ||
Field Work | ||
Quizzes / Studio Critiques | ||
Portfolio | ||
Homework / Assignments | ||
Presentation / Jury | ||
Project | 1 | 20 |
Seminar / Workshop | ||
Oral Exam | ||
Midterm | 1 | 30 |
Final Exam | 1 | 40 |
Total |
Weighting of Semester Activities on the Final Grade | 18 | 60 |
Weighting of End-of-Semester Activities on the Final Grade | 1 | 40 |
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 | 2 | 32 |
Field Work | |||
Quizzes / Studio Critiques | |||
Portfolio | |||
Homework / Assignments | |||
Presentation / Jury | |||
Project | 1 | 25 | |
Seminar / Workshop | |||
Oral Exam | |||
Midterms | 1 | 30 | |
Final Exams | 1 | 45 | |
Total | 180 |
# | 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