Information Package / Course Catalogue
International Economic Analysis
Course Code: ECN503
Course Type: Area Elective
Couse Group: Second Cycle (Master's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

In the face of recent developments in the world economy, international economics remains as important and controversial as ever. This course will be studied in a way that links theories and models to events in the world economy and facilitates its assimilation by students.

Course Content

This course covers new theories of foreign trade based on increasing returns and market structure as well as on classical comparative advantage, increasing regional integration activities, intertemporal analysis of international capital flows, commercial policy, exchange rates and exchange rate systems in open economy.

Name of Lecturer(s)
Learning Outcomes
1.Exploring international trade policies.
2.Analyzing exchange rates and exchange rate systems.
3.To learn macroeconomic applications in open economies.
4.Studying the international monetary system and optimum currency areas.
5.Evaluating the performance of global capital markets and policy problems.
Recommended or Required Reading
1.P. R. KRUGMAN and M. OBSTFELD - International Economics: Theory and Policy, Addison Wesley.
2.J. GERBER - International Economics, 7th edition, Pearson / Addison-Wesley.
3.Michael MELVIN ve Steven HUSTED - Uluslararası İktisat, Palme Yayıncılık.
4.Paul KRUGMAN, Maurice OBSTFELD, Marc MELITZ - Uluslararası İktisat Teori ve Politika, Palme Yayıncılık.
Weekly Detailed Course Contents
Week 1 - Theoretical
Labor productivity and comparative advantage
Week 2 - Theoretical
Factor proportions and income distribution, Hecksher-Ohlin Model
Week 3 - Theoretical
The standard trade model
Week 4 - Theoretical
Economies of scale, imperfect competition, and international trade
Week 5 - Theoretical
International factor movements and foreign direct investment
Week 6 - Theoretical
The political economy of trade policy
Week 7 - Theoretical
Trade policy in developing countries
Week 8 - Theoretical
National Income Accounting and the balance of payments
Week 9 - Intermediate Exam
Midterm Examination
Week 10 - Theoretical
Exchange rates and the foreign exchange market
Week 11 - Theoretical
Money, interest rates, and exchange rates
Week 12 - Theoretical
Price levels and the exchange rate in the short and long run
Week 13 - Theoretical
Fixed exchange rates and foreign exchange intervention
Week 14 - Theoretical
International system of money and payments
Week 15 - Theoretical
Optimum currency areas
Week 16 - Final Exam
Final Examination
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%30
Final Examination1%70
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory140342
Individual Work140228
Midterm Examination123225
Final Examination128230
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
PÇ-10
PÇ-11
PÇ-12
PÇ-13
PÇ-14
PÇ-15
OÇ-1
4
4
3
2
3
4
5
3
3
OÇ-2
3
2
3
3
4
2
3
2
1
OÇ-3
2
3
3
4
3
2
3
3
3
OÇ-4
2
3
4
3
3
4
3
2
2
OÇ-5
3
4
3
4
4
3
4
3
3
Adnan Menderes University - Information Package / Course Catalogue
2026