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| IKT3008 | International Economics - II | 3+0+0 | ECTS:5 | | Year / Semester | Spring Semester | | Level of Course | First Cycle | | Status | Compulsory | | Department | DEPARTMENT of ECONOMICS | | Prerequisites and co-requisites | None | | Mode of Delivery | | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | Prof. Dr. Mustafa Kemal DEĞER | | Co-Lecturer | None | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | The aim of the course is to reveal the economic ties of countries with each other in the globalizing world economy and to learn automatic mechanisms and policies to eliminate external imbalances in open countries. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | understand the dimensions of globalization in economic terms and compare types of economic integration. | 3,6 | 1, | | LO - 2 : | understand the functioning of foreign exchange markets and foreign exchange market transactions. | 3,6 | 1, | | LO - 3 : | analyze the causes of external payments imbalances and understand the functioning of automatic external equalization mechanisms and external equalization policies | 3,6 | 1, | | LO - 4 : | analyze the effects of monetary and fiscal policies for internal and external balance in open economies. | 3,6 | 1, | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome | | |
| Liberalization of World Trade, Economic Integrations, European Union Economy, Balance of Payments, Foreign Exchange Market Analyzes, Theories of Exchange Rate, Balancing of the Balance of Payments, Macroeconomic Policies in Open Economies.
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Liberalization of World Trade: Globalization | | | Week 2 | Economic Integrations | | | Week 3 | European Union Economy
| | | Week 4 | Balance of Payments | | | Week 5 | Foreign Exchange Markets and Features
| | | Week 6 | Foreign Exchange Markets for the Future | | | Week 7 | Exchange Rate Theories: Foreign Trade Flows Approach and Purchasing Power Parity | | | Week 8 | Exchange Rate Theories: Monetary Approach and Portfolio Balance Approach | | | Week 9 | Mid-term exam | | | Week 10 | Equlazation of Payments Imbalances: Automatic Price Equalization Mechanisms | | | Week 11 | Equalization of Payments Imbalances: Automatic Income Equalization Mechanism
| | | Week 12 | Equalization of Payments Imbalances: Monetarist Equalization Mechanism | | | Week 13 | Equalization of Payments Imbalances: Offset with Interest Rate Changes
| | | Week 14 | Macroeconomic Policy Analyzes in Open Economies: Mundell-Fleming Model | | | Week 15 | Macroeconomic Policy Analyzes in Open Economies: IS-LM Model
| | | Week 16 | End-of-term exam | | | |
| 1 | Seyidoğlu, Halil, (2007), Uluslararası İktisat: Teori, Politika ve Uygulama, Güzemcan Yayınları, İstanbul. | | | |
| 1 | Ünsal, Erdal, (2007), Uluslararası İktisat: Teori, Politika ve Açık Ekonomi Makro İktisadı, İmaj Yayınevi, Ankara. | | | 2 | Karluk, Rıdvan, (2009), Uluslararası Ekonomi: Teori ve Politika, Beta Yayınları, İstanbul. | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 04/2024 | 30 | 50 | | End-of-term exam | 16 | 06/2024 | 30 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 3 | 14 | 42 | | Sınıf dışı çalışma | 4 | 14 | 56 | | Laboratuar çalışması | 0 | 0 | 0 | | Arasınav için hazırlık | 8 | 2 | 16 | | Arasınav | 1 | 1 | 1 | | Uygulama | 0 | 0 | 0 | | Klinik Uygulama | 0 | 0 | 0 | | Ödev | 0 | 0 | 0 | | Proje | 0 | 0 | 0 | | Kısa sınav | 0 | 0 | 0 | | Dönem sonu sınavı için hazırlık | 11 | 3 | 33 | | Dönem sonu sınavı | 1 | 1 | 1 | | Diğer 1 | 0 | 0 | 0 | | Diğer 2 | 0 | 0 | 0 | | Total work load | | | 149 |
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