Islamic Economics and Finance Graduate Program Without Thesis
Course Details
KTO KARATAY UNIVERSITY
Graduate Education Institute
Programme of Islamic Economics and Finance Graduate Program Without Thesis
Course Details
Graduate Education Institute
Programme of Islamic Economics and Finance Graduate Program Without Thesis
Course Details
| Course Code | Course Name | Year | Period | Semester | T+A+L | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| 83211111 | International Economics | 2026 | Autumn | 1 | 3+0+0 | 7,5 | 7,5 |
| Course Type | Elective |
| Course Cycle | Master's (Second Cycle) (TQF-HE: Level 7 / QF-EHEA: Level 2 / EQF-LLL: Level 7) |
| Course Language | English |
| Methods and Techniques | - |
| Mode of Delivery | Face to Face |
| Prerequisites | - |
| Coordinator | - |
| Instructor(s) | Assoc. Prof. Kamola ERGUN |
| Instructor Assistant(s) | - |
Course Content
This course covers the scope of international economics, theories of absolute and comparative advantage, factor endowment theory, new trade theories, the effects of trade on income distribution and welfare, the objectives and instruments of trade policy, economic integration, and the international trading system. It also examines the balance of payments, foreign exchange markets, exchange rate determination, exchange rate regimes, macroeconomic policies in open economies, international capital flows, financial crises, and the international monetary system.
Objectives of the Course
This course aims to equip students with an understanding of the fundamental theories of international trade and international monetary relations and enable them to analyse the causes of trade, its economic effects on countries, and the implications of trade policies. It also aims to develop students'ability to evaluate economic policies in open economies by examining the relationships among the balance of payments, foreign exchange markets, exchange rate regimes, and international capital flows.
Contribution of the Course to Field Teaching
| Basic Vocational Courses | |
| Specialization / Field Courses | X |
| Support Courses | |
| Transferable Skills Courses | |
| Humanities, Communication and Management Skills Courses |
Relationships between Course Learning Outcomes and Program Outcomes
| Relationship Levels | ||||
| Lowest | Low | Medium | High | Highest |
| 1 | 2 | 3 | 4 | 5 |
| # | Program Learning Outcomes | Level |
|---|---|---|
| P1 | İslam İktisadı ve Finans alanında kuramsal ve uygulamalı bilgilere sahip olma, sahip olduğu bilgileri kullanabilme | 4 |
| P2 | İslam İktisadı ve Finans alanında edindiği bilgi, beceri ve yetkinlikleri kullanarak meseleleri tanımlama, veri toplama, değerlendirme, analiz etme, yorumlama ve çözüm önerisi geliştirebilme | 5 |
| P3 | İslam İktisadı ve Finans alanıyla ilgili farklı bilgi kaynaklarına erişip sayısal analiz ve araştırma yapabilme | 3 |
| P4 | Disiplin içi, çok disiplinli veya çok kültürlü gruplarda ve bireysel çalışabilme | 2 |
| P5 | Öğrenim dilinde yazılı ve sözlü iletişim kurabilme, en az bir yabancı dil bilgisine sahip olabilme | 4 |
| P6 | Ahlaki değerler ve mesleki sorumluluk bilinci ile hareket edebilme | 2 |
| P7 | Alan uygulamalarının, evrensel ve toplumsal etkileri ile hukuki sonuçlarını bilme | 3 |
Weekly Detailed Course Contents
| Week | Topics |
|---|---|
| 1 | Introduction to international economics: Basic concepts, globalisation, and the role of trade in the world economy |
| 2 | Classical theories of international trade: Mercantilism, absolute advantage, and comparative advantage |
| 3 | Extensions of comparative advantage: Opportunity costs, production possibilities, gains from trade, and the terms of trade |
| 4 | Factor endowment theory: The Heckscher–Ohlin model, the Stolper–Samuelson and Rybczynski theorems, and the Leontief paradox |
| 5 | New trade theories: Economies of scale, imperfect competition, product differentiation, and intra-industry trade |
| 6 | Trade policy: Economic effects of tariffs, quotas, export subsidies, and non-tariff barriers |
| 7 | The political economy of trade policy: Free trade, protectionism, strategic trade policy, and the World Trade Organization |
| 8 | Economic integration: Free trade areas, customs unions, trade creation and diversion; the European Union and Türkiye |
| 9 | The balance of payments: The current account, capital account, financial account, and external balance |
| 10 | Foreign exchange markets: Foreign exchange supply and demand, nominal and real exchange rates, and spot and forward transactions |
| 11 | Exchange rate determination: Purchasing power parity, interest rate parity, and exchange rate regimes |
| 12 | Macroeconomic policies in an open economy: The Mundell–Fleming model and monetary and fiscal policies under fixed and floating exchange rates |
| 13 | International capital flows: Foreign direct investment, portfolio investment, external borrowing, and financial crises |
| 14 | The international monetary system and institutions: The IMF and the World Bank; an overall assessment of Türkiye's integration into the global economy |
Evaluation Method and Passing Criteria
| In-Term Studies | Quantity | Percentage |
|---|---|---|
| Attendance | - | - |
| Homework | - | - |
| Presentation | - | - |
| Seminar | - | - |
| Midterms | 1 | 40 (%) |
| Final Exam | 1 | 60 (%) |
| Total | 100 (%) | |
ECTS / Working Load Table
| Quantity | Duration | Total Work Load | |
|---|---|---|---|
| Course Week Number and Time | 14 | 3 | 42 |
| Out-of-Class Study Time (Pre-study, Library, Reinforcement) | 14 | 3 | 42 |
| Midterms | 1 | 50 | 50 |
| Quiz | 0 | 0 | 0 |
| Homework | 0 | 0 | 0 |
| Practice | 0 | 0 | 0 |
| Laboratory | 0 | 0 | 0 |
| Project | 0 | 0 | 0 |
| Workshop | 0 | 0 | 0 |
| Presentation/Seminar Preparation | 0 | 0 | 0 |
| Fieldwork | 0 | 0 | 0 |
| Final Exam | 1 | 91 | 91 |
| Other | 0 | 0 | 0 |
| Total Work Load: | 225 | ||
| Total Work Load / 30 | 7,50 | ||
| Course ECTS Credits: | 8 | ||