Information Of Programmes

FACULTY OF ECONOMICS & ADMINISTRATIVE SCIENCES / IR310 - INTERNATIONAL RELATIONSHIPS

Code: IR310

Course Title: INTERNATIONAL ECONOMICS

Theoretical+Practice: 3+0

ECTS: 5

Year/Semester of Study

3 / Spring Semester

Level of Course

1st Cycle Degree Programme

Type of Course

Optional

Department

INTERNATIONAL RELATIONSHIPS

Pre-requisities and Co-requisites

None

Mode of Delivery

Face to Face

Teaching Period

14 Weeks

Name of Lecturer

İSMİHAN TOPDAĞ (ismihantopdag@nevsehir.edu.tr)

Name of Lecturer(s)

Language of Instruction

English

Work Placement(s)

None

Objectives of the Course

This course provides an in-depth analysis of international trade theories, trade policies, exchange rate systems, and global financial markets. It explores key economic issues such as trade liberalization, protectionism, balance of payments, international monetary institutions, and globalization. The course equips students with the analytical tools necessary to understand the impact of international economic policies on national economies.

Learning Outcomes		PO	MME
The students who succeeded in this course:
LO-1	Explain the fundamental theories of international trade, including comparative advantage and factor endowment theories.	PO-13 Has the competence to evaluate and apply the knowledge, skills and competencies acquired during the education process in business life.	Examination
LO-2	Assess the causes and consequences of trade imbalances and balance of payments issues.	PO-7 Has the ability to both interpret events with critical and analytical thinking and to produce solutions to problems with scientific approaches.	Examination
LO-3	Interpret current international economic events and policy debates using theoretical frameworks.	PO-7 Has the ability to both interpret events with critical and analytical thinking and to produce solutions to problems with scientific approaches. PO-17 Gain skills in the fields of mathematics, statistics and econometrics, make more effective decisions with statistical and econometric analyzes to be developed by using numerical data, predict the results of the decisions to be taken and make correct predictions and interpret the cause-effect relationships.	Examination
PO: Programme Outcomes MME:Method of measurement & Evaluation

Course Contents
Introduction to International Economics Classical Trade Theories Modern Trade Theories Trade Policy: Customs Duties and Trade Barriers Multinational Corporations and Foreign Direct Investment International Trade and Environment
Weekly Course Content
Week	Subject	Learning Activities and Teaching Methods
1	Overview of trade theories and global economic interactions	Oral Expression
2	Absolute and comparative advantage, Ricardian model	Oral Expression
3	Heckscher-Ohlin model, new trade theories	Oral Expression
4	Effects of protectionism on national and global markets	Oral Expression
5	EU, NAFTA, ASEAN, and their economic impacts	Oral Expression
6	Exchange rate determination, fixed vs. floating systems	Oral Expression
7	Current and capital accounts, trade deficits and surpluses	Oral Expression
8	mid-term exam
9	IMF, World Bank, WTO, and their policies	Oral Expression
10	Effects of globalization on emerging economies	Oral Expression
11	Causes and consequences of past crises	Oral Expression
12	Role of MNCs in international trade	Oral Expression
13	Sustainability, carbon taxes, and environmental policies	Oral Expression
14	Current trends, digital economy, and trade wars	Oral Expression
15	General evaluation and assessment	Oral Expression
16	final exam
Recommend Course Book / Supplementary Book/Reading
1	Feenstra, Robert C. & Taylor, Alan M. – International Economics
2	Carbaugh, Robert J. – International Economics
3	Salvatore, Dominick – International Economics
Required Course instruments and materials
Krugman, Paul & Obstfeld, Maurice – International Economics: Theory and Policy Salvatore, Dominick – International Economics

Assessment Methods
Type of Assessment	Week	Hours	Weight(%)
mid-term exam	8	1	40
Other assessment methods
1.Oral Examination
2.Quiz
3.Laboratory exam
4.Presentation
5.Report
6.Workshop
7.Performance Project
8.Term Paper
9.Project
final exam	16	1	60

Student Work Load
Type of Work	Weekly Hours	Number of Weeks	Work Load
Weekly Course Hours (Theoretical+Practice)	3	14	42
Outside Class
a) Reading	3	7	21
b) Search in internet/Library	3	10	30
c) Performance Project	0	0	0
d) Prepare a workshop/Presentation/Report	0	0	0
e) Term paper/Project	0	0	0
Oral Examination	0	0	0
Quiz	0	0	0
Laboratory exam	0	0	0
Own study for mid-term exam	5	5	25
mid-term exam	1	1	1
Own study for final exam	6	5	30
final exam	1	1	1
			0
			0
Total work load;			150