Lesson plan / INTERNATIONAL ECONOMICS

Lesson Information

Course Credit 3.0
Course ECTS Credit 4.0
Teaching Language of Instruction İngilizce
Level of Course Bachelor's Degree, TYYÇ: Level 6, EQF-LLL: Level 6, QF-EHEA: First Cycle
Type of Course Faculty Elective
Mode of Delivery Face-to-face
Does the course require compulsory or optional work experience? F
Course Coordinator
Instructor (s)
Course Assistant

Purpose and Content

The aim of the course This course seeks to examine and discuss contemporary features of international economic relations. It aims to place these within a broader historical as well as theoretical context. It adopts a mixture of ‘political economy’ framework and a standard ‘mainstream’ often also called ‘neo-classical’ approach to the study of international economics.
Course Content It is interested in the interplay between these different forces or types of social interaction. However, in order to gain a well founded understanding of the interplay between economic and societal forces in a global economy, it is, of course, essential for students to gain a sound knowledge of basic economic concepts and forms of reasoning, and this will involve some exposure to mainstream theory.

Weekly Course Subjects

1Meeting the lecturer. What is globalisation
2What is International Economics? Balance of Payments
3International Trade Theory I: Absolute and Comparative Advantage
4International Trade Theory II: Heckser-Ohlin Theory
5International Trade Theory III: Trade, Growth and Industrialization
6A Case for Protectionism: Imperfect Competition and International Trade
7InternationalTrade Policy: Theory of First Best - Second Best; Factor Movements: IS-LM-BP
8International Trade Policy and Economic Integration: Trade restrictions, custom unions and free trade areas. EU, NAFTA, ECOWAS, BSEC, ASEAN etc.
9Political Economy of Trade Policy: Prebisch - Singer Hypothesis
10Trade Policy in Advanced Countries: A Case for Large Country
11Trade Policy in Developing Countries
12International Monetary Theory I: The role of money in the economy and the balance of payments
13The International Monetary Theory II: Foreign Exchange Markets and Exchange Rate Problems
14The International Economic System: Historical Development and Status Quo. Revision Class

Resources

Dominick Salvatore (2014), International Economics

Dunn and Mutti (2000), International Economics, 5th Edition, London:Routledge

Paul Krugman and Obstfeld Maurice (1991), International Economics, New York: HarperCollins Publishers



Additional Readings include:

• Kenen P (2000), The International Economy, 4th Edition, Cambridge: CUP

• Yarbrough, B and Yarbrough R (2000), The World Economy, Trade and Finance, 5th Edition, London: Harcourt

• Halil Seyidoglu (1993), Uluslararasi Iktisat, Guzem Yay., Istanbul