INTERNATIONAL BURCH UNIVERSITY
Faculty of Economics and Social Sciences
Department of Management
2014-2015

SYLLABUS
Code Name Level Year Semester
IBS 338 International Economics Undergraduate 3 Spring
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
5 48 English

Instructor Assistant Coordinator
Nataša TANDIR, Assist. Prof. Dr. Natasa Tandir Erkan ILGÜN, Assoc. Prof. Dr.
[email protected] [email protected] no email

The course will highlight sources of comparative advantage, gains and losses from trade, the impact of trade on economic growth, and effects of trade policy interventions such as tariffs, quotas, voluntary export restraints, and export subsidies. International agreements on regional trade liberalization (such as EU and NAFTA) and on multilateral trade liberalization (WTO) will be also discussed. Topics on international finance will include balance of payments, determination of foreign exchange rates, and in

COURSE OBJECTIVE
The purpose of this course is to help students understand the basics of international trade and finance and the effects of various international economic policies on domestic and world welfare.

COURSE CONTENT
Week
Topic
  1. Introduction, International Economy and Globalization
  2. Comparative Advantage
  3. The Theory of Tariffs and Quotas
  4. Trade and Developing Countries
  5. Regional Trading Arrangements
  6. Emerging Economies
  7. Presentations by students
  8. Preparation for Mid term exam
  9. Mid term exam
  10. The Balance of Payments
  11. Foreign Exchange
  12. Exchange-Rate systems and Currency Crises
  13. International Banking
  14. Preparation for Final Exam
  15. Final Exam

LABORATORY/PRACTICE PLAN
Week
Topic

    TEACHING/ASSESSMENT
    Description
    • Lectures
    • Presentation
    • Project
    • Assignments
    • Case Studies
    Description (%)
    Method Quantity Percentage (%)
    Homework10
    Project120
    Midterm Exam(s)130
    Final Exam140
    Total: 100
    Learning outcomes
      TEXTBOOK(S)
      • Carbaugh R.J. (2009) International Economics, 12th Edition, Cengage Learning, USA

      ECTS (Allocated based on student) WORKLOAD
      Activities Quantity Duration (Hour) Total Work Load
      Lecture (14 weeks x Lecture hours per week)14228
      Laboratory / Practice (14 weeks x Laboratory/Practice hours per week)14114
      Midterm Examination (1 week)111
      Final Examination(1 week)111
      Preparation for Midterm Examination111
      Preparation for Final Examination111
      Assignment / Homework/ Project111
      Seminar / Presentation111
      Total Workload: 48
      ECTS Credit (Total workload/25): 2