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 , Monday, 11.30-13.15
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:	Monday, 8.45-11.30; E012
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 Economics (3 years) Program
1	Students define the fundamental problems of economics	5
2	Students describe key economic theories	5
3	Students critically discuss current developments in economics	4
4	Students appropriately use software for data analysis	2
5	Students critically contextualize the selection of an economic problem for research within scholarly literature and theory on the topic	5
6	Students apply appropriate analytical methods to address economic problems	3
7	Students use effective communication skills in a variety of academic and professional contexts	5
8	Students effectively contribute to group work	5
9	Students conduct independent research under academic supervision	4
10	Students uphold ethical values in data collection, interpretation, and dissemination	5
11	Students critically engage with interdisciplinary innovations in social sciences	3
12	Student explain how their research has a broader social benefit	3

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