FACULTY OF BUSINESS

Department of Economics

ECON 311 | Course Introduction and Application Information

Course Name
International Economic Institutions
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ECON 311
Fall/Spring
3
0
3
4

Prerequisites
  ECON 101 To succeed (To get a grade of at least DD)
and ECON 102 To succeed (To get a grade of at least DD)
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery Online
Teaching Methods and Techniques of the Course -
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives The aim of the course is to introduce the global economic and financial system at the way to globalization. The content of the course is enriched with units that introduce the relevant institutions, which are the building blocks of the global economic and monetary system. Another aim of the course is to make the student comprehend how the global economic and monetary system works. In this way, the student will be able to think about the interactions of the global economy with the national and regional economies and will be able to comment and analyze the causes and effects of current economic and financial events.
Learning Outcomes The students who succeeded in this course;
  • Will be able to explain the role international economic institutions in the process of globalization.
  • Will be able to compare the structures and functions of international economic institutions.
  • Will be able to discuss the impact of international economic institutions on national economies.
  • Will be able to discuss the impact of international economic institutions on the world economy.
  • Will be able to intimately analyze academic and popular arguments on international economic institutions.
  • will be able to analyze and rationally explain the economic interactions between countries and economic areas.
  • Will be able to analyze and rationally explain the economic interactions between countries and economic areas.
  • Will be able to show an adequate comprehension of the principal entities and existing institutional and financial structures, they will also understand the role they play in the global economic context and the consequences of their politics and decisions
Course Description The course aims to introduce international economic institutions and their structures, functions and impacts (on national and international economies) as well as develop students’ skills to have an informed commentary on both academic and more popular arguments on these institutions.

In this course the following international economic institutions will be investigated:

• World Trade Organization
• IMF
• World Bank
• Regional integrations
• United Nations
• Others such as the OECD, OPEC, G8 and G20

 



Course Category

Core Courses
Major Area Courses
X
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Introduction - Types and Stages of Economic Integration Int.economic institutions-Nwokoye
2 The Politics of Economic Institutions, The Role of Bretton woods Int.Econ. ınst.-globalism vs nationalism, De Gennaro, Lecture 1
3 Process of globalization and international economic/financial institutions Krugman, Obstfeld, Melitz, "International Economics", 9th edt., Pearson, CH 21.
4 The FED and the Roles of Central Banks, The Pre-World War II-Rise of Big Government Int.Econ. ınst.-globalism vs nationalism, De Gennaro, Lecture 4-5
5 Quiz 1
6 Interest Groups, the State and Corporatism; The World Bank Int.Econ. ınst.-globalism vs nationalism, De Gennaro, Lecture 7-8
7 The United Nations, Exchange Rates and Gold Standard Int.Econ. ınst.-globalism vs nationalism, De Gennaro, Lecture 10-11
8 What Caused the Great Depression Int.Econ. ınst.-globalism vs nationalism, De Gennaro, Lecture 12
9 The Bank for International Settlements (BIS) Int.Econ. ınst.-globalism vs nationalism, De Gennaro, Lecture 14
10 The Bank for International Settlements (BIS) Int.Econ. ınst.-globalism vs nationalism, De Gennaro, Lecture 14
11 Bretton Woods: July 1944 Int.Econ. ınst.-globalism vs nationalism, De Gennaro, Lecture 15
12 The International Monetary Fund (IMF) Int.Econ. ınst.-globalism vs nationalism, De Gennaro, Lecture 16
13 The Asian Development Bank, The World Trade Organization Int.Econ. ınst.-globalism vs nationalism, De Gennaro, Lecture 17-18
14 Banking Supervision and the Basel Accords Int.Econ. ınst.-globalism vs nationalism, De Gennaro, Lecture 22
15 A New Bretton Woods A New Bretton Woods, C.R. Neu, RAND, ISBN: 0-8330-1304-1
16 Review of the Semester

 

Course Notes/Textbooks

International Economic Institutions Globalism vs. Nationalism, Professor Ramon P. DeGennaro, The Great Courses, 2017.

Krugman, Obstfeld, Melitz, "International Economics", 9th edt., Pearson

Suggested Readings/Materials

- A New Bretton Woods, C.R. Neu, RAND, ISBN: 0-8330-1304-1

-International Economic Institutions, M.A.G. VAN MEERHAEGHE, 7th edt. Springer, ISBN: 978-1-4419-5021-5

- International Economic Institutions: The Challenge of Coordination, Stephen A. Silard, American University International Law Review, 4, No.1, 1989, 67-89

- International Financial Institutions and Their Challenges, A Global Guide for Future Methods, Felix I. Lessambo, Palgrave, MacMillan, 1st edt. 2015

-www.gtipa.org/international-economic-institutions

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
1
10
Portfolio
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm
1
40
Final Exam
1
50
Total

Weighting of Semester Activities on the Final Grade
2
50
Weighting of End-of-Semester Activities on the Final Grade
1
50
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: '.16.' x total hours)
16
0
Study Hours Out of Class
16
1
16
Field Work
0
Quizzes / Studio Critiques
1
10
10
Portfolio
0
Homework / Assignments
0
Presentation / Jury
0
Project
0
Seminar / Workshop
0
Oral Exam
0
Midterms
1
21
21
Final Exam
1
25
25
    Total
120

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to acquire a sound knowledge of fundamental concepts, theories, principles and methods of investigation specific to the economic field.

X
2

To be able to apply adequate mathematical, econometric, statistical and data analysis models to process economic data and to implement scientific research for development of economic policies.

X
3

To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently.

X
4

To be able to have adequate social responsibility with regards to the needs of the society and to organize the activities to influence social dynamics in line with social goals.

X
5

To be able to integrate the knowledge and training acquired during the university education with personal education and produce a synthesis of knowledge one requires.

6

To be able to evaluate his/her advance level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically.

X
7

To be able to acquire necessary skills to integrate social dynamics into economic process both as an input and an output.

X
8

To be able to link accumulated knowledge acquired during the university education with historical and cultural qualities of the society and be able to convey it to different strata of society.

9

To be able to take the responsibility as an individual and as a team member.

10

To be able to attain social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis.

X
11

To be able to collect data in economics and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1)

12

To be able to speak a second foreign at a medium level of fluency efficiently.

X
13

To be able to relate the knowledge accumulated throughout human history to their field of economics.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


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