Course Name : International Economy

Degree: Bachelor

Code

Year/Semester

Local Credits

ECTS Credits

Course Implementation, Hours/Week

Course

Tutorial

Laboratory

EF312

3/5 (FALL)

3

5

3

-

Department

Economics and Finance

Instructors

Prof. Dr. S. Nazım ENGİN

Contact Information

e-mail: nengin@pirireis.edu.tr

Office Hours

Wednesday 14:00 – 16:00

Web page

https://www.pirireis.edu.tr/ekonomi-ve-finans-akademik-kadro

Course Type

 Compulsory

Course Language

English

Course Prerequisites

Course Category by Content, %

Basic Sciences

Engineering Science

Engineering Design

Humanities

30

---

---

70

Course Description

Main topics include; The Pure Theory of International Trade, Dynamic Factors in International Trade, Economic Growth and International Trade, Economics of Scale, Imperfect Competition and International Trade.

Course Objectives

This course is concerned with the theoretical issues in international trade.

Course Learning Outcomes

By students who passed from EF 312 successfully;

1. Explain the motives and implications of international trade in the context of economic development
2. Explain the effects of trade barriers
3. Explain the instruments of commercial policy
4. Comprehend inter-industry trade models
5. Define the basic concepts of international economics

Instructional Methods and Techniques

The presentation of theory and the experimental techniques

Tutorial Place

Class

Co-term Condition

-

Textbook

International Economics by Dominick Salvatore, Wiley & Sons, Inc., 9th Edition, 2007.

Other References

International Economics: Theory and Policy by Paul Krugman and Maurice Obstfeld, Addison and Wesley, 8th Edition, 2008.

Homework & Projects

Students  will be required to solve managerial problems presented in textbook.

Laboratory Work

---

Computer Use

---

Other Activities

---

Assessment Criteria

Activities

Quantity

Effects on Grading, %

Attendance

Midterm

1

30

Quiz

Homework

1

10

Term Paper/Project

Laboratory Work

Practices

Tutorial

Seminar

Presentation

Field Study

Final Exam

1

60

TOTAL

100

Effects of Midterm on Grading, %

40

Effects of Final on Grading, %

60

TOTAL

100

Week

Topics

Course Outcomes

1

The importance of international trade theories

I, V

2

Some important concepts in international trade

V

3

Inter-industry trade models

III, IV

4

Intra-industry trade models

III, IV

5

Examples of inter-industry trade models

III, IV

6

Instruments of trade policy

III, V, IV

7

Trade policy implementations

II, III, IV

8

Midterm exam

9

Welfare implications of tariffs and quotas

I, II

10

Effective rate of protection

I, II

11

Production and export subsidies

II, III, V

12

Different types of quotas and non-tariff barriers

II

13

Importance of voluntary export restraints

II, IV

14

International trade and economic development

I

Program Outcomes

Level of Contribution

1

2

3

a

Ability to analize the theoretical information in the area of economics and finance, and to assess their implications in implementation.

X

b

Ability to acquire distinctive information in the area of social and and behavioral sciences through academic, managerial, and politically focused written and visual resources

X

c

Ability to acquire knowledge by integrating information related to the field of economics and finance  into computerized environments.

X

d

Ability to present obtained information by employing the technical skills required by the field of economics and finance (such as in computerized environments) in Turkish or English.

X

e

Ability to employ knowledge related to the field of economics and finance in decision-making, application, and the application of decisions.

X

f

Ability to produce multidisciplinary assessments and conduct analyses in harmony with the area of economics and finance, related sub-fields, and other social science areas.

X

g

Ability to incorporate and accurately assess ethical and Professional responsibilities.

X

h

Ability to establish effective high-level written and oral communications in Turkish and English.

X

i

To have a wide-range understanding for the incorporation of the effects of the field of economics and finance in a global context.

X

j

Having acquired lifelong learning skills.

X

k

Having wide knowledge on contemporary topics.

X

l

Being open and adaptive to novelty and varying conditions

X

m

Having practical and theoretical technical knowledge for being able to obtain information and results through data analysis.

X

Prepared by

Prof.Dr. Nazım ENGİN

Date

06.06.2017

Signature