Required text-book: International Economics, Dominick Salvatore
Recommended text-book: International Economics, Husted/Melvin. Uluslararası Ä°ktisat, Halil Seyidoğlu.
Grading Policy
Class Participation   :   5%
Mid-term                 : 45%
Final Exam               : 55%
The share of the multiple-choice questions in each exam will be about 50 %. The rest of the questions will be essay-type. The mid-term will be around the middle of the semester. The exact time, date and place of the exams will be announced in advance. 
Course Outline
Chapter 13, Balance of Payments
Chapter 14, Foreign Exchange Markets and Exchange Rates
Chapter 15, Exchange Rate Determination
Chapter 16, Price Adjustment Mechanism with Flexible and Fixed Exchange Rates
Chapter 17, Income Adjustment Mechanism and Synthesis of Automatic Adjustments
Chapter 18, Open-Economy Macroeconomics: Adjustment Policies
Chapter 19, Prices and Output in an Open Economy
Chapter 20, Flexible versus Fixed Exchange Rates
Chapter 21, International Monetary System