Course Description
Course | Code | Semester | T+P (Hour) | Credit | ECTS |
---|
INTERNATIONAL ECONOMICS | ITF2178040 | Fall Semester | 3+0 | 3 | 5 |
Prerequisites Courses | |
Recommended Elective Courses | |
Language of Course | English |
Course Level | First Cycle (Bachelor's Degree) |
Course Type | Required |
Course Coordinator | Prof.Dr. Rana ATABAY KUŞÇU |
Name of Lecturer(s) | Assist.Prof. Ayşe Saime DÖNER |
Assistant(s) | |
Aim | Developing ability to use the tools of economic theory for the analysis of international economics phenomena, specifically trade, in aggregate terms. Particular use of basic knowledge in microeconomics for welfare analysis to discuss the effect of trade. The foundations and historical development of modern trade theory with special emphasis on comparative advantage theory lays down the initial fundamentals of the course. A brief discussion of the sources of trade and thus growth and development for nations is followed by policy issues and global effects. Regulations and barriers on trade are also outlined while industrialization and trade policy are dealt simultaneously for a broader understanding of how trade policies are in cyclical relation with those of industrial. Further discussions in the course are made on the role of international investments and issues of currency politics with specific reference to developing nations. Finally, a broader and more critical thinking of why nations fail and how they succeed will be at the heart of our discussion in the class. |
Course Content | This course contains; The International Economy and World Trade: An Overview,Foundations of Trade Theory: Historical Development and Micro Analysis of Comparative Advantage,Comparative Advantage Extended and The Case for Trade,Sources of Comparative Advantage: Factor Endowments, Technology, Industry and Trade Policy,Tariffs and A Comparative Welfare Effect Analysis,Non-Tariff Trade Barriers: Mechanisms and Regulations,Trade Wars, Macro Policies and International Economic Order,Trade Regulations, Policies and Industrial Development ,Trade Policies for the Developing Nations,Multilateralism and Regional Trade Agreements,Cross-Country and Multinational Investments,A Brief Introduction to The Balance-Of-Payments,Exchange Rate Systems, Currency Politics and Crises: A Crash Course,Exchange Rate Systems, Currency Politics and Crises. |
Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
1. Will be able to explain the Theory of Comparative Advantage
| 10, 16, 6, 9 | A, E |
3.1.Describe the Heckscher-Ohlin theorem and its relevance in explaining international trade patterns. | | |
4. Will be able to evaluate New Trade Theories | 10, 16, 6, 9 | A, E |
5. Will be able to assess Trade Policy Implications | 10, 16, 6, 9 | A, E |
2. Will be able to analyze Trade Patterns and Welfare Effects
| 10, 16, 6, 9 | A, E |
3. Will be able to examine the Heckscher-Ohlin Model and its Applications | 10, 16, 6, 9 | A, E |
1.1. Explain the concept of absolute and comparative advantage in international trade. | | |
1.2. Illustrate the benefits of specialization and trade based on comparative advantage. | | |
2.1. Evaluate the impact of trade on the distribution of income and welfare of participating countries. | | |
2.2. Examine the effects of trade on production, consumption, and prices of goods and services. | | |
3.2. Analyze how factor abundance and factor intensity influence trade patterns. | | |
4.1. Assess the role of economies of scale and imperfect competition in explaining trade patterns. | | |
4.2. Analyze the implications of product differentiation and technological advancements on international trade. | | |
5.1. Analyzes the effects of tariffs, quotas, and subsidies on international trade. | | |
5.2. Evaluates the role of trade agreements and their impact on global trade patterns. | | |
Teaching Methods: | 10: Discussion Method, 16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method |
Assessment Methods: | A: Traditional Written Exam, E: Homework |
Course Outline
Order | Subjects | Preliminary Work |
---|
1 | The International Economy and World Trade: An Overview | |
2 | Foundations of Trade Theory: Historical Development and Micro Analysis of Comparative Advantage | |
3 | Comparative Advantage Extended and The Case for Trade | |
4 | Sources of Comparative Advantage: Factor Endowments, Technology, Industry and Trade Policy | |
5 | Tariffs and A Comparative Welfare Effect Analysis | |
6 | Non-Tariff Trade Barriers: Mechanisms and Regulations | |
7 | Trade Wars, Macro Policies and International Economic Order | |
8 | Trade Regulations, Policies and Industrial Development | |
8 | Trade Policies for the Developing Nations | |
9 | Multilateralism and Regional Trade Agreements | |
10 | Cross-Country and Multinational Investments | |
11 | A Brief Introduction to The Balance-Of-Payments | |
12 | Exchange Rate Systems, Currency Politics and Crises: A Crash Course | |
13 | Exchange Rate Systems, Currency Politics and Crises | |
Resources |
Robert Carbaugh, International Economics, 16th Edition, Cengage, 2018.
Krugman et al, International Economics, Pearson 11th Global Edition, 2018. (Supp.)
|
ADDITIONAL RESOURCES
Gerber, J. (2017) International Economics, 2017
Salvatore, D. (2015) International Economics, 12ed
Jeffry A. Frieden, Currency Politics, Princeton University Press, 2015.
Daron Acemoglu, Why Nations Fail, Crown Publishing, 2013.
Murat A. Yülek, How Nations Succeed, Springer, 2018. |
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications |
No | Program Qualification | Contribution Level |
1 | 2 | 3 | 4 | 5 |
1 | Uluslararası ticaret ve finansman alanında teorik bilgileri tanımlar. | | | | X | |
2 | Uluslararası ticaret ve finansman alanında gerekli matematiksel ve istatistiki yöntemleri anlatır. | X | | | | |
3 | Uluslararası ticaret ve finansman alanında gerekli en az bir bilgisayar programı kullanır. | | | | | |
4 | Uluslararası ticaret ve finansman alanında gerekli olan mesleki yabancı dil yeterliliğini gösterir. | | X | | | |
5 | Uluslararası ticaret ve finansman alanında projeler hazırlar ve takım çalışmalarını yönetir. | | | | | |
6 | Mesleki alanda yaşam boyu öğrenmenin gerekliliği bilinciyle bilim ve teknolojideki gelişmeleri izleyerek kendini sürekli yenileyip edindiği bilgi ve becerileri eleştirel olarak değerlendirir. | X | | | | |
7 | Uluslararası ticaret ve finansman alanında teorik ve uygulamaya yönelik bilgileri kullanır | | | X | | |
8 | En az A1 düzeyinde bir yabancı dili kullanarak güncel teknolojileri takip eder, sözlü / yazılı iletişim kurar. | X | | | | |
9 | Örgüt / kurumsal, iş ve toplumsal etik değerlerini benimser ve kullanır. | | | | | |
10 | Topluma hizmet duyarlılığı çerçevesinde, sosyal sorumluluk ilkelerini benimser ve gerektiğinde inisiyatif alır. | | | | | |
11 | Disiplinler arası çalışmalar yürütebilmek için farklı disiplinlerde (ekonomi, finans, sosyoloji, hukuk, işletme) temel bilgileri ve verileri analiz ederek alanında kullanır. | | X | | | |
12 | Öğrenciler, küresel ticaret, ihracat-ithalat işlemleri, gümrük işlemleri ve dış ticaretin finansmanı alanlarında uzmanlık elde eder. | | | X | | |
Assessment Methods
Contribution Level | Absolute Evaluation |
Rate of Midterm Exam to Success | | 40 |
Rate of Final Exam to Success | | 60 |
Total | | 100 |
ECTS / Workload Table |
Activities | Number of | Duration(Hour) | Total Workload(Hour) |
Course Hours | 14 | 3 | 42 |
Guided Problem Solving | 0 | 0 | 0 |
Resolution of Homework Problems and Submission as a Report | 1 | 30 | 30 |
Term Project | 2 | 5 | 10 |
Presentation of Project / Seminar | 0 | 0 | 0 |
Quiz | 0 | 0 | 0 |
Midterm Exam | 1 | 25 | 25 |
General Exam | 1 | 40 | 40 |
Performance Task, Maintenance Plan | 0 | 0 | 0 |
Total Workload(Hour) | 147 |
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(147/30) | 5 |
ECTS of the course: 30 hours of work is counted as 1 ECTS credit. |
Detail Informations of the Course
Course Description
Course | Code | Semester | T+P (Hour) | Credit | ECTS |
---|
INTERNATIONAL ECONOMICS | ITF2178040 | Fall Semester | 3+0 | 3 | 5 |
Prerequisites Courses | |
Recommended Elective Courses | |
Language of Course | English |
Course Level | First Cycle (Bachelor's Degree) |
Course Type | Required |
Course Coordinator | Prof.Dr. Rana ATABAY KUŞÇU |
Name of Lecturer(s) | Assist.Prof. Ayşe Saime DÖNER |
Assistant(s) | |
Aim | Developing ability to use the tools of economic theory for the analysis of international economics phenomena, specifically trade, in aggregate terms. Particular use of basic knowledge in microeconomics for welfare analysis to discuss the effect of trade. The foundations and historical development of modern trade theory with special emphasis on comparative advantage theory lays down the initial fundamentals of the course. A brief discussion of the sources of trade and thus growth and development for nations is followed by policy issues and global effects. Regulations and barriers on trade are also outlined while industrialization and trade policy are dealt simultaneously for a broader understanding of how trade policies are in cyclical relation with those of industrial. Further discussions in the course are made on the role of international investments and issues of currency politics with specific reference to developing nations. Finally, a broader and more critical thinking of why nations fail and how they succeed will be at the heart of our discussion in the class. |
Course Content | This course contains; The International Economy and World Trade: An Overview,Foundations of Trade Theory: Historical Development and Micro Analysis of Comparative Advantage,Comparative Advantage Extended and The Case for Trade,Sources of Comparative Advantage: Factor Endowments, Technology, Industry and Trade Policy,Tariffs and A Comparative Welfare Effect Analysis,Non-Tariff Trade Barriers: Mechanisms and Regulations,Trade Wars, Macro Policies and International Economic Order,Trade Regulations, Policies and Industrial Development ,Trade Policies for the Developing Nations,Multilateralism and Regional Trade Agreements,Cross-Country and Multinational Investments,A Brief Introduction to The Balance-Of-Payments,Exchange Rate Systems, Currency Politics and Crises: A Crash Course,Exchange Rate Systems, Currency Politics and Crises. |
Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
1. Will be able to explain the Theory of Comparative Advantage
| 10, 16, 6, 9 | A, E |
3.1.Describe the Heckscher-Ohlin theorem and its relevance in explaining international trade patterns. | | |
4. Will be able to evaluate New Trade Theories | 10, 16, 6, 9 | A, E |
5. Will be able to assess Trade Policy Implications | 10, 16, 6, 9 | A, E |
2. Will be able to analyze Trade Patterns and Welfare Effects
| 10, 16, 6, 9 | A, E |
3. Will be able to examine the Heckscher-Ohlin Model and its Applications | 10, 16, 6, 9 | A, E |
1.1. Explain the concept of absolute and comparative advantage in international trade. | | |
1.2. Illustrate the benefits of specialization and trade based on comparative advantage. | | |
2.1. Evaluate the impact of trade on the distribution of income and welfare of participating countries. | | |
2.2. Examine the effects of trade on production, consumption, and prices of goods and services. | | |
3.2. Analyze how factor abundance and factor intensity influence trade patterns. | | |
4.1. Assess the role of economies of scale and imperfect competition in explaining trade patterns. | | |
4.2. Analyze the implications of product differentiation and technological advancements on international trade. | | |
5.1. Analyzes the effects of tariffs, quotas, and subsidies on international trade. | | |
5.2. Evaluates the role of trade agreements and their impact on global trade patterns. | | |
Teaching Methods: | 10: Discussion Method, 16: Question - Answer Technique, 6: Experiential Learning, 9: Lecture Method |
Assessment Methods: | A: Traditional Written Exam, E: Homework |
Course Outline
Order | Subjects | Preliminary Work |
---|
1 | The International Economy and World Trade: An Overview | |
2 | Foundations of Trade Theory: Historical Development and Micro Analysis of Comparative Advantage | |
3 | Comparative Advantage Extended and The Case for Trade | |
4 | Sources of Comparative Advantage: Factor Endowments, Technology, Industry and Trade Policy | |
5 | Tariffs and A Comparative Welfare Effect Analysis | |
6 | Non-Tariff Trade Barriers: Mechanisms and Regulations | |
7 | Trade Wars, Macro Policies and International Economic Order | |
8 | Trade Regulations, Policies and Industrial Development | |
8 | Trade Policies for the Developing Nations | |
9 | Multilateralism and Regional Trade Agreements | |
10 | Cross-Country and Multinational Investments | |
11 | A Brief Introduction to The Balance-Of-Payments | |
12 | Exchange Rate Systems, Currency Politics and Crises: A Crash Course | |
13 | Exchange Rate Systems, Currency Politics and Crises | |
Resources |
Robert Carbaugh, International Economics, 16th Edition, Cengage, 2018.
Krugman et al, International Economics, Pearson 11th Global Edition, 2018. (Supp.)
|
ADDITIONAL RESOURCES
Gerber, J. (2017) International Economics, 2017
Salvatore, D. (2015) International Economics, 12ed
Jeffry A. Frieden, Currency Politics, Princeton University Press, 2015.
Daron Acemoglu, Why Nations Fail, Crown Publishing, 2013.
Murat A. Yülek, How Nations Succeed, Springer, 2018. |
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications |
No | Program Qualification | Contribution Level |
1 | 2 | 3 | 4 | 5 |
1 | Uluslararası ticaret ve finansman alanında teorik bilgileri tanımlar. | | | | X | |
2 | Uluslararası ticaret ve finansman alanında gerekli matematiksel ve istatistiki yöntemleri anlatır. | X | | | | |
3 | Uluslararası ticaret ve finansman alanında gerekli en az bir bilgisayar programı kullanır. | | | | | |
4 | Uluslararası ticaret ve finansman alanında gerekli olan mesleki yabancı dil yeterliliğini gösterir. | | X | | | |
5 | Uluslararası ticaret ve finansman alanında projeler hazırlar ve takım çalışmalarını yönetir. | | | | | |
6 | Mesleki alanda yaşam boyu öğrenmenin gerekliliği bilinciyle bilim ve teknolojideki gelişmeleri izleyerek kendini sürekli yenileyip edindiği bilgi ve becerileri eleştirel olarak değerlendirir. | X | | | | |
7 | Uluslararası ticaret ve finansman alanında teorik ve uygulamaya yönelik bilgileri kullanır | | | X | | |
8 | En az A1 düzeyinde bir yabancı dili kullanarak güncel teknolojileri takip eder, sözlü / yazılı iletişim kurar. | X | | | | |
9 | Örgüt / kurumsal, iş ve toplumsal etik değerlerini benimser ve kullanır. | | | | | |
10 | Topluma hizmet duyarlılığı çerçevesinde, sosyal sorumluluk ilkelerini benimser ve gerektiğinde inisiyatif alır. | | | | | |
11 | Disiplinler arası çalışmalar yürütebilmek için farklı disiplinlerde (ekonomi, finans, sosyoloji, hukuk, işletme) temel bilgileri ve verileri analiz ederek alanında kullanır. | | X | | | |
12 | Öğrenciler, küresel ticaret, ihracat-ithalat işlemleri, gümrük işlemleri ve dış ticaretin finansmanı alanlarında uzmanlık elde eder. | | | X | | |
Assessment Methods
Contribution Level | Absolute Evaluation |
Rate of Midterm Exam to Success | | 40 |
Rate of Final Exam to Success | | 60 |
Total | | 100 |
Numerical Data
Ekleme Tarihi: 17/12/2023 - 12:17Son Güncelleme Tarihi: 17/12/2023 - 12:25
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