ECON354 INTRODUCT. TO INTERNATIONAL ECONOMICS II
| Course Code: | 3110354 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.5 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Prof.Dr. ELİF AKBOSTANCI ÖZKAZANÇ |
| Offered Semester: | Fall and Spring Semesters. |
Course Objectives
This course is designed to enable the students to understand
- external balance (Balance of Payments)
- foreign exchange markets (spot, forward and futures markets)
- relationship between foreign exchange markets and international financial markets
- exchange rate determination models (monetary, portfolio balance and Dornbusch's overshooting models)
- macroeconomic problems of an open economy under different exchange rate regimes (Mundell-Fleming framework)
Course Content
Balance of payments; disequilibrium and adjustment; international monetary problems; trade and economic development; international economic integration.
Course Learning Outcomes
Upon completion of this course students are expected
- to evaluate the foreign exchange market dynamics
- to understand the link between the developments in the international financial markets and the fluctuations in the foreign exchange rate
- the grasp the relationship between macroeconomic policies (monetary and fiscal) and the financial capital flows
- the grasp the relationship between macroeconomic policies (monetary and fiscal) and the exchange rate regimes
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | The aim of our program is to equip our students with the necessary skills and tools to have a firm understanding of economic theory and policymaking. Our graduates will be able to conceptualize economic problems, assess, analyze, and propose scientific solutions to them. | ✔ | |||
| 2 | Our students are expected to have interdisciplinary perspective to be able to follow and understand daily economic and political developments. | ✔ | |||
| 3 | Our program also trains students to be open to new ideas, be sensitive about social problems surrounding them and work towards providing solutions for these to share with their community. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution