SECTION I: GENERAL INFORMATION ABOUT THE COURSE

Course Code	Course Name	Year	Semester	Theoretical	Practical	Credit	ECTS
50311MEEOZ-FRT0032	International Economics	1	Spring	2	0	2	4

Course Type :	Compulsory
Cycle:	Associate TQF-HE:5. Master`s Degree QF-EHEA:Short Cycle EQF-LLL:5. Master`s Degree
Language of Instruction:	English
Prerequisities and Co-requisities:	N/A
Mode of Delivery:	Face to face
Name of Coordinator:	Instructor STAFF
Dersin Öğretim Eleman(lar)ı:	Profesör Dr. NEVZAT EVRİM ÖNAL
Dersin Kategorisi:	Programme Specific

SECTION II: INTRODUCTION TO THE COURSE

Course Objectives & Content

Course Objectives:

The lesson aims at endowing the students with the knowledge of external trade theories, the ability to analyse the effects of foreign trade policies and the skill to follow up on the current problems, risks and opportunities in world economy.

Course Content:

The aim of this course is to provide students with thorough knowledge of how international real and financial markets work. In this context, topics like basic international trade theories, the politics of international trade, international capital markets, currency regimes, international financial flows and the dynamics of international crises will be taken into account; outlining the opportunities and threats ever present in intenational economics.

Course Learning Outcomes (CLOs)

Course Learning Outcomes (CLOs) are those describing the knowledge, skills and competencies that students are expected to achieve upon successful completion of the course. In this context, Course Learning Outcomes defined for this course unit are as follows:



Knowledge *(Described as Theoritical and/or Factual Knowledge.)*
1) To comprehend international trade theories
2) To comprehend the tools of foreign trade policy
3) To comprehend the operations in the foreign exchange market
4) To analyse the operations of balance of payments
5) To comprehend international capital movements
Skills *(Describe as Cognitive and/or Practical Skills.)*
1) To understand the functioning of the world economy
2) To determine the aims and fields of application of customs tariffs
3) To follow the current issues in the world economy
Competences *(Described as "Ability of the learner to apply knowledge and skills autonomously with responsibility", "Learning to learn"," Communication and social" and "Field specific" competences.)*

Weekly Course Schedule

Week	Subject	Materials Sharing *
		Related Preparation	Further Study
1)	International Trade Theories: Absolute and Comparative Advantages
2)	International Trade Theories: Analysis with Supply and Demand Factors
3)	Factor Endowment (Heckscher-Ohlin) Theory
4)	Customs Tariffs
5)	Non-Tariff Trade Policy Tools
6)	Evolution of Global Trade Regime
7)	Foreign Exchange Rate Systems
8)	Midterm
9)	Foreign Exchange Market
10)	IS-LM Model
11)	Mundell-Fleming (IS-LM-BP) Model
12)	Balance of Payments
13)	Internationalisation of Production
14)	Financialisation and Global Economic Crisis
15)	General recap

*These fields provides students with course materials for their pre- and further study before and after the course delivered.

DERS ÖĞRENME ÇIKTILARI - PROGRAM ÖĞRENME ÇIKTILARI İLİŞKİSİ

Contribution of The Course Unit To The Programme Learning Outcomes

Ders Öğrenme Çıktıları (DÖÇ)	1	2	3	4	5	6	7	8
Program Öğrenme Çıktıları (PÖÇ)
1) Experiences all processes in business life.
1) Explain logistics and procurement processes.
1) Recall foreign trade legislation, customs legislation and other relevant legislation that form the legal framework of foreign trade.
1) Explains the theoretical and practical knowledge of international trade and international economics.
1) Explain the basic, theoretical and practical information about foreign trade operations.
1) Acquires competency of analyzing and solving the problems.
2) Interprets knowledge and skills about basic knowledge and computer applications in finance and accounting.
2) Takes part in activities related to the field of education in a business operating in the field.
2) Has awareness for ethical and social responsibility.
2) List the basic functions and principles of foreign trade in import and export dimension and describe business processes.
2) Analyze the necessary information to follow international economic, political, cultural, social, legal and financial conjuncture.
2) Describe the application principles of customs clearance procedures and list the document preparation business processes.
3) Explains the basic, theoretical, practical and current knowledge in the field of business management.
3) Takes responsibility as a team member in works and operations of his/her field.
3) Questions the application with theoretical knowledge.
3) List the delivery and payment methods used in foreign trade.
3) Explain the basic principles and elements of commercial law.
3) Uses the administrative information required by international trade, logistics and customs procedures
4) Compiles the knowledge and experience gained in the field.
4) Explain free zones and foreign trade incentives and practices with examples.
4) Adapts international finance and accounting operations to operational activities.
4) Applies the theoretical knowledge learned in business life for a semester.
4) Remember e-commerce, marketing and direct sales processes.
4) Is aware of written, verbal communication and interaction.
5) Follows the developments of advanced technology and digital transformation.
5) Interprets Turkey's economy and information about the world economy.
5) Explain the functions and processes of international marketing.
5) Acquires the competencies defined as the institutional outcomes of Beykoz University on the basic level, inline with the expectations of business world and the society
6) Relate basic business functions and business processes.
6) Acquires the awareness for lifelong learning
7) Has awareness about citizenship competency.
8) Evaluates the developments of his/her field with the understanding of an entrepreneur.
9) Acquires communication in a Foreign Language (English) competence defined on the level of at least A2 in European Language Portfolio. (In programs whose medium of instruction is English, on the level of B1).

SECTION III: RELATIONSHIP BETWEEN COURSE UNIT AND COURSE LEARNING OUTCOMES (CLOs)

Level of Contribution of the Course to PLOs

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Programme Learning Outcomes	Contribution Level (from 1 to 5)
1)	Experiences all processes in business life.
1)	Explain logistics and procurement processes.
1)	Recall foreign trade legislation, customs legislation and other relevant legislation that form the legal framework of foreign trade.
1)	Explains the theoretical and practical knowledge of international trade and international economics.	5
1)	Explain the basic, theoretical and practical information about foreign trade operations.
1)	Acquires competency of analyzing and solving the problems.
2)	Interprets knowledge and skills about basic knowledge and computer applications in finance and accounting.
2)	Takes part in activities related to the field of education in a business operating in the field.
2)	Has awareness for ethical and social responsibility.
2)	List the basic functions and principles of foreign trade in import and export dimension and describe business processes.	4
2)	Analyze the necessary information to follow international economic, political, cultural, social, legal and financial conjuncture.
2)	Describe the application principles of customs clearance procedures and list the document preparation business processes.
3)	Explains the basic, theoretical, practical and current knowledge in the field of business management.
3)	Takes responsibility as a team member in works and operations of his/her field.
3)	Questions the application with theoretical knowledge.
3)	List the delivery and payment methods used in foreign trade.
3)	Explain the basic principles and elements of commercial law.
3)	Uses the administrative information required by international trade, logistics and customs procedures
4)	Compiles the knowledge and experience gained in the field.
4)	Explain free zones and foreign trade incentives and practices with examples.
4)	Adapts international finance and accounting operations to operational activities.	2
4)	Applies the theoretical knowledge learned in business life for a semester.
4)	Remember e-commerce, marketing and direct sales processes.
4)	Is aware of written, verbal communication and interaction.
5)	Follows the developments of advanced technology and digital transformation.
5)	Interprets Turkey's economy and information about the world economy.	5
5)	Explain the functions and processes of international marketing.
5)	Acquires the competencies defined as the institutional outcomes of Beykoz University on the basic level, inline with the expectations of business world and the society
6)	Relate basic business functions and business processes.
6)	Acquires the awareness for lifelong learning
7)	Has awareness about citizenship competency.
8)	Evaluates the developments of his/her field with the understanding of an entrepreneur.
9)	Acquires communication in a Foreign Language (English) competence defined on the level of at least A2 in European Language Portfolio. (In programs whose medium of instruction is English, on the level of B1).

SECTION IV: TEACHING-LEARNING & ASSESMENT-EVALUATION METHODS OF THE COURSE

Teaching & Learning Methods of the Course

(All teaching and learning methods used at the university are managed systematically. Upon proposals of the programme units, they are assessed by the relevant academic boards and, if found appropriate, they are included among the university list. Programmes, then, choose the appropriate methods in line with their programme design from this list. Likewise, appropriate methods to be used for the course units can be chosen among those defined for the programme.)

Teaching and Learning Methods defined at the Programme Level	Teaching and Learning Methods Defined for the Course
Lectures
Problem Solving
Reading
Homework
Questions Answers
Individual and Group Work

Assessment & Evaluation Methods of the Course

(All assessment and evaluation methods used at the university are managed systematically. Upon proposals of the programme units, they are assessed by the relevant academic boards and, if found appropriate, they are included among the university list. Programmes, then, choose the appropriate methods in line with their programme design from this list. Likewise, appropriate methods to be used for the course units can be chosen among those defined for the programme.)

Aassessment and evaluation Methods defined at the Programme Level	Assessment and Evaluation Methods defined for the Course

Contribution of Assesment & Evalution Activities to Final Grade of the Course

Measurement and Evaluation Methods	# of practice per semester	Level of Contribution
Midterms	1	% 50.00
Semester Final Exam	1	% 50.00
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 50
PERCENTAGE OF FINAL WORK		% 50
Total		% 100

SECTION V: WORKLOAD & ECTS CREDITS ALLOCATED FOR THE COURSE

WORKLOAD OF TEACHING & LEARNING ACTIVITIES
Teaching & Learning Activities	# of Activities per semester	Duration (hour)	Total Workload
Course	14	2	28
Laboratory	0	0	0
Application	0	0	0
Special Course Internship (Work Placement)	0	0	0
Field Work	0	0	0
Study Hours Out of Class	14	2	28
Presentations / Seminar	0	0	0
Project	0	0	0
Homework Assignments	1	10	10
Total Workload of Teaching & Learning Activities	-	-	66
WORKLOAD OF ASSESMENT & EVALUATION ACTIVITIES
Assesment & Evaluation Activities	# of Activities per semester	Duration (hour)	Total Workload
Quizzes	2	4	8
Midterms	1	12	12
Semester Final Exam	1	24	24
Total Workload of Assesment & Evaluation Activities	-	-	44
TOTAL WORKLOAD (Teaching & Learning + Assesment & Evaluation Activities)			110
ECTS CREDITS OF THE COURSE (Total Workload/25.5 h)			4

Course Notes / Textbooks:	Robert J. Carbaugh, International Economics, Ohio: South Western Cengage Learning
References:	Thomas A. Pugel, International Economics, McGraw-Hill Costas Lapavitsas, Financialisation in Crisis, London: Haymarket Books. Nouriel Roubini and Stephen Mihm, Crisis Economics: A Crash Course in the Future of Finance, London: Penguin Ellen Meiksins Wood, Empire of Capital, London: Verso