1. Summer 2015 ECN 306: Survey International Economics
BA341, 8:35 – 9:55 AM
Instructor: Dilsat Dalkiran Ozel
Office: Computing Commons 425A
Contact: (480) 965 6880 or dilsat.dalkiran@asu.edu
Office Hours: Monday through Thursday 10:00-11:15pm or by appointment
Textbook: Thomas A. Pugel, International Economics, Fifteenth Edition, 2012
Emails: I typically try to respond within 24 hours. To ensure that I see your email, please put ’ECN
306’ in the subject line. I don’t respond to email questions regarding your grade in the course. For
grading issues, you must come to my office hours to discuss it with me personally.
Course Overview
In the world of globalization in which product, capital and labor markets are becoming more and
more integrated, we see that international trade, foreign direct investment, cross-border lending
are growing faster than world production. Moreover, information and data now spread around the
world immediately with the help of internet and other global economic data. Hence, countries
become more integrated and events and policy changes in in one country affect many other
countries. This course will help you to understand global economic developments and evaluate the
proposals for changes in economic policies.
Teaching Style and Presentation of the Material
The lectures will be interactive. I will prepare lecture slides but also use the white board actively.
These slides will be posted on Blackboard for your benefit. I will also post solution manuals to
homework assignments and exams on Blackboard. For any changes regarding class times, exam
dates, homework assignments or lecture notes, I will make announcements using Blackboard so
be sure to check it on a regular basis.
Grading
The grading of this course will be based upon three exams, four homework assignments, and pop
quizzes.

2. Exams: There will be two midterms and one final. They will include both essay-type and multiple
choice questions. For each exam, you will be responsible from the topics written in the Course
Outline part below. Also, I will not ask any question from the topics which were not covered in
class. You can see how much each exam worth in the following table:
Exams Percentage of Course Grade
Midterm 1 %25
Midterm 2 %25
Final %25
The exams will basically test your ability to apply the tools/concepts/theories covered in class to
answer the questions. Hence, for each question, it does not matter how much you write but it
matters how well you approach to the question and how effectively you apply the correct tools to
answer it.
All the exams will be held in class-time and you can find the dates on Course Outline section.
Exam Rules:
 You can only take the exams with an official ID
 It is very important to arrive on time for the exams. If any other student hands her/his
answer sheet before you arrive, you will be excluded from taking the exam.
 You cannot use your cell phones for any reason. Any violation will result in a grade of 0.
 You can use only a single line calculators.
 All exams are closed books and closed notes
 If you need to draw a graph, make sure that you label all the axis, curves and make sure
that you clearly draw the graph so that I can understand what you try to do. If the graphs
are not labelled properly and clearly drawn, you will not receive full credit.
 If the question asks you to calculate something, showing your work is important. If you
only write down the final result, you will not receive a full credit.
Homework: There will be four homework assignments. The homework will be posted on
Blackboard one week before the due date. You need to submit your homework by the end of the
class on the due date. Electronic submissions are not accepted. Late submissions will not be
accepted no matter how valid you think your excuse is!
You can work in groups but each student should submit his/her own write-up. I will post the
solution manual of each homework after the submission. Each homework will be worth 100
possible points. At the end of the semester, I will randomly choose two out of the four homework
sets and will only grade them. The average of your scores out of these two homework sets will
constitute the 15% of your course grade. Homework is important because they constitute 15% of
your grade and your exams will be based on questions similar to the homework assignments.

3. Pop Quizzes: Remaining 10% of your course grade will be determined by the in-class pop quizzes.
You will be asked one or two question in each of the quizzes and you will have approximately 15
minutes to complete the pop quiz.
Make-up Examination Policy
Make-up exams are permitted in only four situations:
1. University sanctioned activity (clubs are not included)
2. Religious holiday or practice
3. Death of an immediate family member (parent, siblings, child or spouse)
4. Severe illness that leads to incapacity to attend the exam (i.e., hospitalization)
All make-ups must be taken within one week of the missed exam.
You must provide verifiable documentation for all of the above circumstances. For each reasons
above, it is your responsibility to contact me as soon as possible. In the case of illness, your
documentation must include a written statement from the physician stating the type of illness, the
length and severity, and the reason why you were unable to attend the exam. If you do not
hospitalized and so cannot provide documentation for various reasons, you will not be able to take
a make-up exam. In this case, the average of your two other exams will be inserted for the score
on the missed exam.
Calculating the Course Grade:
Midterm 1 x 0.25 =
Midterm 2 x 0.25 =
Final x 0.25 =
Average of Two Randomly chosen Homework x 0.15 =
Average of In-class Pop-up Quizzes x 0.10 =
Sum of above = Course Grade
The Cut-offs for Letter Grade:
Letter Grades Scores
A+ 97 and Higher
A 90 – 96
A- 85 – 89
B+ 80 – 84
B 75 – 79
B- 70 – 74
C+ 60 – 69
C 50 – 59

4. D 45 – 49
E Below 45
Scores with decimals will be rounded up !
Academic Integrity and Ethical Behavior
Arizona State University and our department take academic integrity very seriously. Any
suspected violations of academic integrity will be taken seriously and result in the following
sanctions:
 A minimum of zero on the assignment OR
 A reduced grade in the course OR
 A failure in the course OR
 Removal from the W. P. Carey School of Business OR
 An XE which denotes failure due to academic dishonesty on the transcript.
If you are unsure what constitutes academic dishonesty, please consult the University Academic
Integrity Website: http://provost.asu.edu/academicintegrity.
Changes in Syllabus
I reserve the right to change any material presented in this syllabus. Any changes will be
announced in class and on Blackboard. It is your responsibility to attend the classes and keep
yourself informed about the changes.
Course Outline
Weeks Dates Topics
Week 1 7/1 Syllabus Overview and Introduction
Ch#1
7/2 Basic Theory Using Demand and Supply
Ch#2
7/3 There is no class
Week 2 7/6 Why Everybody Trades: Comparatıve Advantage
Ch#3
7/7 Trade: Factor Availability and Factor Proportions are Key
Ch#4
7/8 Trade: Factor Availability and Factor Proportions are Key
Ch#4
7/9 Who Gains and Who Loses from Trade
Ch#5

5. Hw#1 due on 7/16 by the end of the class
7/10 Who Gains and Who Loses from Trade
Ch#5
Week 3 7/13 Analysis of a Tariff
Ch#8
7/14 Nontariff Barriers to Imports
Ch#9
7/15 Arguments for and against Protection
Ch#10
7/16 Arguments for and against Protection
Ch#10
Hw#1 Submission day
Hw#2 due on 7/23 by the end of the class
7/17 MIDTERM 1
Responsible from Ch#1 to Ch#8
Grades and solutions will be posted in one week
Week 4 7/20 Pushing Exports
Ch#11
7/21 Pushing Exports
Ch#11
7/22 Trade Blocs and Trade Blocks
Ch#12
7/23 Trade Blocs and Trade Blocks
Ch#12
Hw#2 Submission day
Hw#3 due on 7/31 by the end of the class
7/24 Multinationals and Migration: International Factor Movements
Ch#15
Week 5 7/27 Multinationals and Migration: International Factor Movements
Ch#15
7/28 Payments among Nations
Ch#16
Review for the Midterm
7/29 MIDTERM 2
Responsible from Ch#8 to Ch#16
Grades and solutions will be posted in one week
7/30 Foreign Exchange Market
Ch#17
Hw#4 due on 8/7 by the end of the class
7/31 What Determines Exchange Rates
Ch#19
Hw#3 Submission day
Week 6 8/3 What Determines Exchange Rates
Ch#19

6. 8/4 Government Policies Toward the Foreign Exchange Market
Ch#20
8/5 How Does the Open Macroeconomy Work?
Ch#22
8/6 Internal and External Balance with Fixed Exchange Rates
Ch#23
8/7 Floating Exchange Rates and Internal Balance
Ch#24
Submission of Hw#4
Week 7 8/10 Review
8/11 FINAL
Responsible from Ch#16 to the end
Pleasure to meet you!