COURSE INFORMATION Course Title: INTERNATIONAL ECONOMICS I

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 321	B	5	3	0	0	3	5

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Eglantina Hysa , Tuesday, 13.30-15.15
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Compulsory
Classroom and Meeting Time:	13.30-16.15, Wednesday
Course Description:	International Economics I: Topics in the theory of international trade; causes and effects of international trade, gains from trade, theory of tariffs and customs; effective protection, economic growth and trade intermediate products, optimal trade policies, factor market imperfections, theory of integration, and effects of uncertainty.
Course Objectives:	Comprehending of the causes and consequences of international trade for business acting at an international level, specific concepts such as fair trade, sustainable trade, distributional consequences of trade (inequality, structural adjustments etc.).

COURSE OUTLINE

Week	Topics
1	Introduction to International Economics
2	World Trade: An Overview
3	Labor Productivity and Comparative Advantage: The Ricardian Model
4	Labor Productivity and Comparative Advantage: The Ricardian Model (continue)
5	Resources, Comparative Advantage, and Income Distribution
6	Resources, Comparative Advantage, and Income Distribution (continue)
7	The Standard Trade Model
8	Midterm Exam
9	The Standard Trade Model (cont.)
10	The Instruments of Trade Policy
11	The Instruments of Trade Policy (continue)
12	National Income Accounting and the Balance of Payments
13	National Income Accounting and the Balance of Payments (continue)
14	Overview of the Term

Prerequisite(s):	NA
Textbook:	International Economics: Theory and Policy, Paul R. Krugman, Maurice Obstfeld, Pearson Addison Wesley, 11th Ed. 2018.
Other References:	International Economics, Dominick Salvator, Wiley, 9th Ed., 2007 International Economics, Dennis R Appleyard, Alfred J Field, Steven Cobb, Mc Graw-Hill Ins., 6th Ed., 2008.
Laboratory Work:	NA
Computer Usage:	NA
Others:	No

COURSE LEARNING OUTCOMES

1	Demonstrate knowledge and understanding for economic models and theories in order to better understand the causes and consequences of international economics.
2	Demonstrate competences with microeconomics and macroeconomics issues of international economics. (comparative advantage, resources allocation, income distribution, etc.)
3	Demonstrate skills in application of international economics models and theories in relation with international relation and finance. Also skills development in mathematical and graphical analysis is important as they make learning more coherent.
4	Demonstrate knowledge for specific concepts, theories and globally used rules and regulations in international economics and finance.

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Bachelor in Banking and Finance (3 years) Program
1	The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in banking and finance but also to construct a model and defend in meaningful way.	5
2	They have knowledge about the finance and banking.	3
3	They have knowledge about the money and banking.	3
4	They have knowledge about the international finance and banking.	5
5	They have ability to use mathematical and statistical methods in banking and finance.	1
6	They know how to use computer programs in both daily office usage and statistical data evaluations in banking and finance department.	1
7	They have necessary banking and finance skills that needed in private and public sector.	3
8	They are intended to be specialist in one of departmental fields that they choose from the list of general economics, finance economics, public finance, corporate finance, finance management, international finance markets and institutions, banking and central banking, international finance and banking, money and banking, international trade and banking.	5
9	They have ability to utilize fundamental economic theories and tools to solve economic problems in banking and finance.	3
10	They are aware of the fact that banking and finance is a social science and they respect the social perspectives and social values of the society’s ethics.	2

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	30
Term Paper	1	30
Final Exam	1	40
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	16	2	32
Mid-terms	1	10	10
Assignments			0
Final examination	1	15	15
Other	1	20	20
Total Work Load:			125
Total Work Load/25(h):			5
ECTS Credit of the Course:			5