Information Package / Course Catalogue
World Economy
Course Code: EF402
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

To present a comprehensive, up-to date, and clear exposition of the theory , policy and principles of international economics that are essential for understanding, evaluating and suggesting solutions to the important international economic problems and issues facing the world.

Course Content

The overwiew of international trade theories like The Ricardian Model ,The Heckscher-Ohlin Model ,The Ricardo-Viner (Specific Factors) Model ,Scale Economies and Imperfect Competition and the international trade policy and its instruments.

Name of Lecturer(s)
Learning Outcomes
1.To understand basic concepts and theories of International Trade
2.To be able to use the insights of economic theories to analyze international economic issues of today
3.To explain the role of economic agents in the economy
4.To have a good understanding of the fundamental of global economics
5.To be able to assess the causes and consequences of the global financial crisis.
Recommended or Required Reading
1.Husted, S. and Melvin, M. (2010), ” International Economics”, Eight Edition, Addison Wesley , Pearson Education Inc
2.Krugman, P. R. and Obstfeld, M. (2009) " International Economics, Theory and Policy" 8th Edition, Addison Wesley, Pearson Education Inc
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction
Week 2 - Theoretical
Introduction
Week 3 - Theoretical
The Heckscher-Ohlin Model
Week 4 - Theoretical
The Heckscher-Ohlin Model
Week 5 - Theoretical
Alternative Theories of Comparative Advantage
Week 6 - Theoretical
Alternative Theories of Comparative Advantage
Week 7 - Theoretical
Other Instruments of Trade Policy: Nontariff Barriers
Week 8 - Theoretical
Other Instruments of Trade Policy: Nontariff Barriers
Week 9 - Theoretical
Other Instruments of Trade Policy: Nontariff Barriers
Week 10 - Theoretical
Other Instruments of Trade Policy: Nontariff Barriers
Week 11 - Theoretical
The Political Economy of Trade Policy: The Case for Free Trade Arguments for Protection
Week 12 - Theoretical
Preferential Trade Arrangements, Economic Integrations
Week 13 - Theoretical
Preferential Trade Arrangements, Economic Integrations
Week 14 - Theoretical
Preferential Trade Arrangements, Economic Integrations
Assessment Methods and Criteria
Type of AssessmentCountPercent
Attending Lectures1%10
Assignment1%10
Midterm Examination1%20
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Assignment25112
Individual Work82124
Midterm Examination1819
Final Examination19110
TOTAL WORKLOAD (hours)125
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
OÇ-1
4
4
5
3
5
3
4
5
4
OÇ-2
4
4
4
4
4
4
5
5
5
OÇ-3
5
5
5
5
5
4
3
4
3
OÇ-4
5
5
5
5
5
5
4
3
5
OÇ-5
5
5
5
5
5
5
4
5
4
Adnan Menderes University - Information Package / Course Catalogue
2026