Course Code	Semester	Course Name	LE/RC/LA	Course Type	Language of Instruction	ECTS
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Course Goals	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)
Course Assistant(s)
Schedule
Office Hour(s)
Teaching Methods and Techniques
Principle Sources
Other Sources

Course Schedules
Week	Contents	Learning Methods
1. Week	Introduction to Internatinal Trade and Main Concepts	Lecture and Discussion
2. Week	An Overview on World Trade The Theory of Absolute Advantage	Lecture
3. Week	The Theory of Comparative Advantage	Lecture
4. Week	Specific Factors Model and Income Distribution The Political Economy of Trade	Lecture and Discussion
5. Week	The Heckscher-Ohlin Model	Lecture
6. Week	The Standard Trade Model Case Study: North-South Trade and Income Inequality	Lecture and Case Study
7. Week	External Economies of Scale and International Trade	Lecture
8. Week	Midterm Exam	Exam
9. Week	Firms in the Global Economy: Export Decisions, Outsourcing and Multinational Enterprises	Lecture
10. Week	Trade Policy The Instruments of Trade Policy	Lecture and Discussion
11. Week	The Political Economy of Trade Policy Case Study: Europe’s Common Agricultural Policy	Lecture and Discussion and Case Stusy
12. Week	Trade Policy in Developing Countries	Lecture and Discussion
13. Week	Incoterms and Payment Methods in International Trade Case Study: Incoterms	Lecture and Discussion
14. Week	General Review	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.

Course Assessment Matrix:

LO 1
LO 2
LO 3
LO 4
LO 5
LO 6
LO 7
LO 8
LO 9
LO 10
LO 11
LO 12
LO 13
LO 14
LO 15
LO 16
LO 17
LO 18
LO 19
LO 20
LO 21
LO 22
LO 23
LO 24
LO 25
LO 26
LO 27
LO 28
LO 29
LO 30
LO 31
LO 32
LO 33
LO 34
LO 35
LO 36
LO 37
LO 38
LO 39
LO 40
LO 41
LO 42
LO 43
LO 44
LO 45
LO 46
LO 47
LO 48
LO 49
LO 50