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Description of Individual Course Units| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İKT302B2 | International Economics II | Compulsory | 3 | 6 | 5 |
| | Level of Course Unit | | First Cycle | | Objectives of the Course | | Objective of this course is to show how the world economy works, international economic relations on national economy and effect to their national economics. | | Name of Lecturer(s) | | | Learning Outcomes | | 1 | define general concepts about international economics | | 2 | explain general frame of international economic system | | 3 | compare multilateralism and regionalism | | 4 | analyze effects of process of multilateralism and regionalism on policies of foreign trade | | 5 | connect relations among trade policies, multilateralism and regionalism. |
| | Mode of Delivery | | Normal Education | | Prerequisites and co-requisities | | None | | Recommended Optional Programme Components | | None | | Course Contents | | The Balance of Payment, Analyses of Exchange Market, Futures Markets, Theories of Exchange Rate, Balancing the Payment, International Private Financial Capital Flows, Foreign Direct Investment, International Monetary System, International Monetary Fund, Macroeconomic Policies in Open Economies. | | Weekly Detailed Course Contents | |
| 1 | The Balance of Payments, Basic Account Groups, Balance of Payments Deficit and Balance of Payments Surplus, Causes of External Deficit, Policies against Balance of Payments. Deficits | | | | 2 | Exchange Markets, Exchange Market Actors, Exchange Demand and Supply, Exchange Market Operations, Exchange Rate, Exchange Speculation, Retail and Wholesale Exchange Market, Convertibility, Functions of Exchange Market. | | | | 3 | Future Exchange Transactions, Forward Transactions, Foreign Exchange Futures, Foreign Exchange Options, Foreign Exchange Swaps, Speculation in Future Exchange Markets, Interest Arbitrage, Fisher Effect. | | | | 4 | Theories of Exchange Rate, Foreign Trade Flows Approach, Purchasing Power Parity Approach. | | | | 5 | Monetarist Approach and Exchange Rate, Portfolio-Balance Approach, Exchange Rate Overshooting. | | | | 6 | Balance of Payments Adjustment, Price Adjustment Mechanisms, Automatic Adjusment in Freely-Fluctuating Exchange Rate System, Exchange Market Equilibration: Marshall-Lerner Condition, Exchange Rate Pass-through and J Curve. | | | | 7 | Price Change in Fixed Exchange Rate System and Devaluation, Price-Gold Speice-Flow Mechanism, National Income Change and Other Mechanisms, Gross Domestic Product, Open Economies, Export and Import, Open Economy Multiplier, Autonomous Expenditures and External Balance, External Balance by Automatic National Income Changes. | | | | 8 | Mid-term exam | | | | 9 | Automatic Adjustment by Inretest Rate Changes, Adjusment Policies, Balance of Payment Adjustment and Monetarist Model. | | | | 10 | International Private Financial Flows, Monetary and Capital Markets, Globalization and Capital Flows, International Monetary Markets, International Capital Markets | | | | 11 | Foreign Direct Investment (FDI), Portfolio Investment, Causes of FDI, FDI Theories, FDI in World and Turkey. | | | | 12 | International Monetary System, Exchange Rate Systems, Pegged Exchange Rate System, Gold Standard, Adjustable Peg System, Floating (Flexible) Exchange Rate System, Advantages and Disadvantages of Exchange Rate Systems. | | | | 13 | A History of the International Monetary System, Gold Standard Period, Bretton-Woods System, Development after Bretton-Woods, Today International Monetary Systems. | | | | 14 | International Monetary Fund (IMF), Credits of IMF, Special Drawing Rights, International Liquidity, Reform Projects in the International Monetary System. | | | | 15 | Macroeconomic Policy Analyses in Open Economies, Internal and External Balance, Effectiveness of Monetary and Fiscal Policy on Internal and External Balance: Mundell-Fleming Model, Monetary and Fiscal Policy and Balance of Payments, Internal and External Balance under Pegged Exchange Rate System, Internal and External Balance under Floating (Flexible) Exchange Rate System | | |
| | Recommended or Required Reading | | Seyidoğlu, Halil, (2007), Uluslararası İktisat: Teori, Politika ve Uygulama, Güzemcan Yayınları, İstanbul. | | Planned Learning Activities and Teaching Methods | | | Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | None |
| | Workload Calculation | |
| Midterm Examination | 1 | 1 | 1 | | Final Examination | 1 | 1 | 1 | | Attending Lectures | 14 | 4 | 56 | | Self Study | 14 | 3 | 42 | | Individual Study for Mid term Examination | 1 | 30 | 30 | | Individual Study for Final Examination | 1 | 30 | 30 | |
| Contribution of Learning Outcomes to Programme Outcomes | | LO1 | 4 | 4 | 4 | 3 | 2 | 2 | 1 | | LO2 | 3 | 3 | 3 | 3 | 2 | 2 | 1 | | LO3 | 4 | 4 | 4 | 2 | 2 | 2 | 1 | | LO4 | 3 | 3 | 3 | 3 | 3 | 3 | 1 | | LO5 | 3 | 3 | 4 | 3 | 3 | 2 | 1 |
| | * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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