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
Opportunity Cost, Production Possibilities Curve, Costs and Foreign Trade
Lecture and discussion
5. Week
Demand and Supply Models ‘Terms Of Trade’
Lecture
6. Week
Offer Curves, İndifference Curve and General Equilibrium in the Economy
Lecture and case study
7. Week
Midterm
Assessment and evaluation
8. Week
The Heckscher-Ohlin Model-1
Lecture
9. Week
The Heckscher-Ohlin Model-2
Lecture
10. Week
Foreign Trade Theory and Economic Growth Analysis
Lecture and discussion
11. Week
International Trade Policies
Lecture, discussion and case study
12. Week
Customs TIncoterms and Payment Methods in International Trade Case Study: Incotermsariffs
Lecture and discussion
13. Week
Incoterms and Payment Methods in International Trade Case Study: Incoterms
Lecture and case study
14. Week
General Review
Lacture
15. Week
Final Exam
Assessment and evaluation
16. Week
Final Exam
Assessment and evaluation
17. Week
Final Exam
Assessment and evaluation
Assessments
Evaluation tools
Quantity
Weight(%)
Midterm(s)
1
30
Homework / Term Projects / Presentations
2
10
Attendance
1
10
1
10
Final Exam
1
40
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.
