FNCE311 International EconomicsIstanbul Okan UniversityDegree Programs Tourism and Hotel Management (English)General Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
Tourism and Hotel Management (English)
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

General course introduction information

Course Code: FNCE311
Course Name: International Economics
Course Semester: Spring
Course Credits:
Theoretical Practical Credit ECTS
3 0 3 6
Language of instruction: EN
Course Requisites:
Does the Course Require Work Experience?: No
Type of course: Faculty Elective
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Mode of Delivery: Face to face
Course Coordinator : Prof. Dr. AYLİN SOYDAN
Course Lecturer(s): Prof. Dr. AYLİN SOYDAN
Course Assistants:

Course Objective and Content

Course Objectives: This course aims to provide students with analytical tools to investigate economic relations among national economies and the working of the global economy. To this end, it focuses on two main subject areas, namely international trade and international finance.
Course Content: International trade and comparative advantage; factor endowment and international trade beyond comparative advantage; global production chains; commercial policy; protectionism; balance of payments; international debt; exchange rate systems; leading economies and main country groups and their positions in the world economy.

Learning Outcomes

The students who have succeeded in this course;
Learning Outcomes
1 - Knowledge
Theoretical - Conceptual
1) Recognise the transformation of international economic integration, and identify advantages and disadvantages stemming from the integration;
2) Identify main theories of international trade and become familiar with the theoretical advances in the area.
3) Utilise the conceptual tools like balance of payments, exchange rates systems in the analyses;
4) Explain international financial dynamics and implications of international financial flows for individual economies.
2 - Skills
Cognitive - Practical
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
Competence to Work Independently and Take Responsibility

Lesson Plan

Week Subject Related Preparation
1) Introduction none
2) The World Economy and International Economic Integration Reading
3) International Economic Organisations Since World War II Reading
4) Comparative Advantage and Gains from International Trade Reading
5) Factor Endowment and Comparative Advantage Reading
6) Beyond Comparative Advantage Reading
7) Commercial Policy, Tariffs, and Protectionism Reading, News
8) Global Production Chains and Networks Reading, News
9) Balance of Payments Reading, News
10) Balance of Payments II Reading, News
11) Exchange Rate Systems Reading
12) International Financial Crises Reading, News
13) The United States, the European Union, East Asia, and the rest of the World Economy Reading, News
14) The United States, the European Union, East Asia, and the rest of the World Economy II Reading, News

Sources

Course Notes / Textbooks: Gerber, J. (2022) International Economics. 8th Global ed. Harlow: Pearson.
References: Gerber, J. (2022) International Economics. 8th Global ed. Harlow: Pearson.

Newspapers, web sites.

Course-Program Learning Outcome Relationship

Learning Outcomes

1

2

3

4

Program Outcomes
1) Learning the facts, concepts and principles related to tourism and hotel management
2) Having a theoretical and practical knowledge at the basic level related to the field
3) To be able to make analytical evaluations for tourism and travel sector
4) Learning the basic laws and regulations and professional standarts that apply regarding the tourism sector in Turkey and physical environment associated with hotel management space, tools, and use acquainted with the technology, applying the ethical values, protecting the natural environment
5) To be able to work efficiently in the tourism sector
6) Learning the characteristics of the major tourist destinations to apply this knowledge in the tourism sector for Turkey and worldwide
7) Organizing, coordinating and developing departments in accommodation organizations
8) To be able to define and develop sales techniques and income management practices applied in accommodation and food and beverage companies
9) Demonstrating the ability to apply professional working techniques in food and beverage establishments

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Learning the facts, concepts and principles related to tourism and hotel management
2) Having a theoretical and practical knowledge at the basic level related to the field
3) To be able to make analytical evaluations for tourism and travel sector
4) Learning the basic laws and regulations and professional standarts that apply regarding the tourism sector in Turkey and physical environment associated with hotel management space, tools, and use acquainted with the technology, applying the ethical values, protecting the natural environment
5) To be able to work efficiently in the tourism sector
6) Learning the characteristics of the major tourist destinations to apply this knowledge in the tourism sector for Turkey and worldwide
7) Organizing, coordinating and developing departments in accommodation organizations
8) To be able to define and develop sales techniques and income management practices applied in accommodation and food and beverage companies
9) Demonstrating the ability to apply professional working techniques in food and beverage establishments

Learning Activity and Teaching Methods

Peer Review
Expression
Individual study and homework
Lesson
Group study and homework
Reading
Homework
Problem Solving
Q&A / Discussion
Web Based Learning

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Homework
Observation
Individual Project

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Attendance 14 % 10
Homework Assignments 10 % 20
Midterms 1 % 30
Final 1 % 40
total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
total % 100

Workload and ECTS Credit Grading

Activities Number of Activities Duration (Hours) Workload
Course Hours 14 3 42
Study Hours Out of Class 16 5 80
Homework Assignments 12 3 36
Quizzes 5 1 5
Midterms 1 1 1
Final 1 2 2
Total Workload 166