International Economics (ECON 340)

2023 Fall
Faculty of Arts and Social Sciences
Esra Durceylan Kaygusuz,
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Formal lecture,Interactive lecture
Interactive,Communicative,Discussion based learning
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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.


  • 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.


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; have the ability to continue to educate him/herself. 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

1. Possess sufficient knowledge of mathematics, science and program-specific engineering topics; use theoretical and applied knowledge of these areas in complex engineering problems.

2. Identify, define, formulate and solve complex engineering problems; choose and apply suitable analysis and modeling methods for this purpose.

3. Develop, choose and use modern techniques and tools that are needed for analysis and solution of complex problems faced in engineering applications; possess knowledge of standards used in engineering applications; use information technologies effectively.

4. Have the ability to design a complex system, process, instrument or a product under realistic constraints and conditions, with the goal of fulfilling specified needs; apply modern design techniques for this purpose.

5. Design and conduct experiments, collect data, analyze and interpret the results to investigate complex engineering problems or program-specific research areas.

6. Possess knowledge of business practices such as project management, risk management and change management; awareness on innovation; knowledge of sustainable development.

7. Possess knowledge of impact of engineering solutions in a global, economic, environmental, health and societal context; knowledge of contemporary issues; awareness on legal outcomes of engineering solutions; knowledge of behavior according to ethical principles, understanding of professional and ethical responsibility.

8. Have the ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instructions.

1. Develop knowledge of theories, concepts, and research methods in humanities and social sciences. 5

2. Assess how global, national and regional developments affect society. 5

3. Know how to access and evaluate data from various sources of information. 4

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

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


  Percentage (%)
Final 50
Midterm 40
Assignment 10



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