This course aims at equipping students with international trade theories and policy. After explaining the classical and modern theories of international trade, this course also examines how different policy instruments affect economies. In addition to these, the course also aims at explaining incoterms and methods of payment used in trade transactions by analyzing case studies.
Prerequisite(s)
-
Corequisite(s)
-
Special Requisite(s)
-
Instructor(s)
DR.ÖĞR.ÜYESİ AYŞEGÜL KETENCİ
Course Assistant(s)
-
Schedule
Perşembe 10.00-13.00- A603
Office Hour(s)
Dr. Ayşegül Ketenci B803
Teaching Methods and Techniques
Lecture notes and case studies
Principle Sources
Krugman, Obstfeld & Melitz, International Trade, Theory and Policy, Tenth Edition, Pearson
Other Sources
Gerber. International Economics, Seventh Edition, Pearson
Course Schedules
Week
Contents
Learning Methods
1. Week
Overview of International Trade - Information on Current Situation
Lecture and Discussion
2. Week
Reasons for Countries to Engage in International Trade
Lecture
3. Week
International Trade and Globalization
Lecture
4. Week
Historical Background and Current Situation of International Trade
Lecture and Discussion
5. Week
Classical International Trade - Mercantalists, Physiocrats
Lecture
6. Week
Absolute Advantage Theory
Lecture and Case Study
7. Week
Comparative Advantage Theory
Lecture
8. Week
Midterm Exam
Exam
9. Week
Modern Foreign Trade Theories
Lecture
10. Week
Objectives and Tools of Foreign Trade Policy
Lecture and Discussion
11. Week
Gold Standard and Historical Background
Lecture and Discussion and Case Stusy
12. Week
Bretton Woods System
Lecture and Discussion
13. Week
Liberal Trade Policies
Lecture and Discussion
14. Week
Türkiye and International Trade Organizations
Discussion
15. Week
Final Exam
Exam
16. Week
Final Exam
Exam
17. Week
Final Exam
Exam
Assessments
Evaluation tools
Quantity
Weight(%)
Midterm(s)
1
40
Final Exam
1
60
Program Outcomes
PO-1
Comprehends both theoretical and applied subjects in international trade at the advanced level, and uses his/her knowledge when necessary.
PO-2
Analyses basic concepts and data related to International Trade and Economics by scientific methods, interprets those with analytically, and evaluates those with regard to economic issues.
PO-3
Express his/her thoughts, comments and evaluations related to International Trade discipline both in written and oral forms.
PO-4
Defines current problems, and proposes solutions which are supported by evidence and research based quantitative and qualitative data.
PO-5
Inspects how public and private sector enterprises engaged in trade activities operates in practice, and evaluates the continuities and the dynamism in these sectors.
PO-6
Defines and tracks local, regional (such as European Union or Middle East) and global issues from the point of political economics, and relates these issues to each other.
PO-7
Possesses sufficient knowledge in other disciplines related to International Trade (such as Economics, Finance, International Business and Law), and reports this information.
PO-8
Follows publications and research in International Trade, Globalisation and Financial Systems in the English language, and communicates with his/her colleagues internationally.
PO-9
Uses a second language (Russian, Chinese, etc.) at the intermediate level.
PO-10
Possesses ethical principles and scientific values in collection, interpretation and release of data.
Learning Outcomes
LO-1
Comprehend the theory and the policy of international trade at the intermediate level.
LO-2
Clarify the reasons for and the gains from trade for countries, firms and individuals.
LO-3
Discuss why some countries have different competitive advantage in trade than others.
LO-4
Assess the impact of trade policies on industries and economies.
LO-5
Explain incoterms and payment methods used in international trade in detail.
