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Code ECON 340
Term 201701
Title International Economics
Faculty Faculty of Arts and Social Sciences
Subject Economics(ECON)
SU Credit 3
ECTS Credit 6.00 / 6.00 ECTS (for students admitted in the 2013-14 Academic Year or following years)
Instructor(s) Esra Durceylan Kaygusuz,
Detailed Syllabus
Language of Instruction English
Level of Course Undergraduate
Type of Course Click here to view.
(only for SU students)
Mode of Delivery Formal lecture,Interactive lecture
Planned Learning Activities Interactive,Communicative,Discussion based learning

International trade: comparative advantage and gains from trade; technology and trade; specific factors and income distribution; factor endowments and trade; free trade, protection and national welfare; market imperfections and trade policy. International finance: the balance of payments; exchange rate and foreign exchange market; money, interest and exchange rates; capital mobility and fiscal and monetary policy.


Refer to the course content.

Learning Outcome

By the end of this course, a student should be able to:

(1) Examine how international trade and payments affect the allocation of resources in the world economy., trade redistribute income and wealth across countries, and trade affect countries? growth rate.
(2) Identify how monetary and fiscal policies operate across national boundaries and present the principles that can help to understand the stability and growth pact.
(3) Describe cost and benefits of regional integration for EU member countries and the rest of the world.
(4) Clarify the importance of capital and labour movement for countries in question.
(5) Identify and discuss the major economic concepts and deploy them in appropriate circumstances.
(6) Describe and evaluate different interpretations in the light of appropriate evidence.
(7) Apply abstract theoretical ideas and concepts to actual events and outcomes.
(8) Formulate and discuss core theoretical ideas and their application to various social issues.
(9) Develop independent study and group work skills.
(10) Evaluate materials to produce, to a deadline, a coherent argument, developed through the mode of assessment.

Programme Outcomes
Common Outcomes For All Programs
1 Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 5
2 Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 5
3 Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects. 5
4 Communicate effectively in Turkish and English by oral, written, graphical and technological means. 5
5 Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team; and have the skills to work effectively in multi-disciplinary teams. 5
Common Outcomes ForFaculty of Arts & Social Sci.
1 Develop a thorough knowledge of theories, concepts, and research methods in the field and apply them in research design and data analysis. 5
2 Assess the impact of the economic, social, and political environment from a global, national and regional level. 5
3 Know how to access written and visual, primary and secondary sources of information, interpret concepts and data from a variety of sources in developing disciplinary and interdisciplinary analyses. 4
Economics Program Outcomes Core Elective Courses
1 Provide constructive analysis of economic phenomena at the national and international level, and interactions between the two. 4
2 Develop an understanding of organizations and institutions in the society as well as their influence on the economy. 3
3 Recognize how incentives shape the behavior of individuals and organizations. 5
4 Identify ?economic? problems and propose alternative models and/or design and conduct research to provide viable solutions using theoretical tools and/or quantitative methods. 5
5 Communicate problems and solutions to managerial and policy decision-making units as well as to lay audiences. 5
International Studies Program Outcomes Core Electives I (Economics and Quantitative Methods)
1 Analyze global affairs from international relations and economics perspectives. 5
2 Demonstrate theoretical and practical knowledge of the international affairs. 5
3 Compete for increasing opportunities in careers within the newly emerging global institutions. 5
4 Evaluate the international political events and present their views and positions on international affairs with advanced oral and written skills. 5
Assessment Methods and Criteria
  Percentage (%)
Final 50
Midterm 40
Assignment 10
Recommended or Required Reading

Paul R. Krugman and Maurice Obstfeld, International Economics Fifth Edition, Addison-Wesley Publishing Company
Peter Kenen, The International Economy, Cambridge University Press
John Williamson and Chris Milner, United Kingdom, The World Economy Latest Edition, Prentice Hall/Harvester Wheatsheaf, United Kingdom