International Trade (LOJ521) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
International Trade LOJ521 General Elective 3 0 0 3 5
Pre-requisite Course(s)
N/A
Course Language Turkish
Course Type Elective Courses
Course Level Social Sciences Master's Degree
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Discussion, Question and Answer.
Course Coordinator
Course Lecturer(s)
  • Instructor Dr. Zeynep İyiler
Course Assistants
Course Objectives The aim of this course is to provide students with sufficient knowledge of international trade. The course is designed with a historical perspective and a multidisciplinary approach and aims to teach students international trade theory and policies.
Course Learning Outcomes The students who succeeded in this course;
  • Explain the fundamental concepts and scope of international trade
  • Analyze and compare classical and neoclassical trade theories (Ricardian and Heckscher-Ohlin models)
  • Evaluate the welfare and income distribution effects of international trade within the framework of the standard trade model
  • Interpret the role of economies of scale and the international location of production
  • Analyze firm-level international trade decisions (exporting, outsourcing, and multinational enterprises)
  • Explain the main instruments of international trade policy (tariffs, quotas, etc.) and evaluate their effects
  • Analyze the economic and political determinants of trade policy
  • Understand the relationships between exchange rates, international transactions, and open economy macroeconomics
  • Evaluate international macroeconomic policy processes within a historical context
  • Analyze international capital movements, financial globalization and international banking systems
Course Content International personalities, dispute settlement methods, history of international trade relations, WTO, GATT, multilateral trade agreements.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 Overview of International Trade Part 1 : What Is International Trade?
2 An Overview of International Trade Theories Part 2: International Trade Theory
3 The Ricardian Model: Labor Productivity and Comparative Advantage Part 3 : Labor Productivity and Comparative Advantage: The Ricardian Model
4 The Heckscher-Ohlin Model Part 4: Resources and Trade: The Heckscher-Ohlin Model
5 The Standart Trade Model Part 5: The Standart Trade Model
6 External Economies of Scale and the International Location of Production Part 6: External Economies of Scale and the International Location of Production
7 General review General review
8 Midterm Exam
9 International Trade Policies Part 7 : International Trade Policy
10 Basic Tariff Analysis, Cost and Benefits of a Tariff Part 8: The Instrument of Trade Policy
11 The Case for Free Trade, Income Distribution and Trade Policy Part 9: The Political Economy of Trade Policy
12 Exchange Rates and International Transactions, The National Income Accounts Part 10: Exchange Rates and Open-Economy Macroeconomics
13 International Macroeconomic Policy: An Historical Overview Part 11: International Macroeconomic Policy: An Historical Overview
14 The International Capital Market and Gains from Trade, International Banking Part 12: Financial Globalization: Opportunity and Crisis
15 General Review
16 Final Exam

Sources

Course Book 1. International Economics: Theory and Policy, Paul Krugman, Maurice Obstfeld, Pearson Education Limited, 9th Edition 2012.

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation 1 10
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments - -
Presentation 1 20
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 40
Final Exam/Final Jury 1 40
Toplam 4 110
Percentage of Semester Work
Percentage of Final Work 100
Total 100

Course Category

Core Courses X
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

# Program Qualifications / Competencies Level of Contribution
1 2 3 4 5
1 Can compare basic microeconomic theories and approaches and evaluate them with a critical perspective"
2 Can compare basic macroeconomic theories and approaches and evaluate them with a critical perspective
3 Applies mathematical modeling
4 Analyzes economic phenomena using statistical and econometric methods
5 Can analyze and interpret basic economic indicators
6 Can access theoretical knowledge by conducting literature review and formulate an empirically verifiable hypothesis
7 Can design a research project and conduct the research within the specified time frame
8 Can develop new approaches for solving complex problems in the field of applied economics
9 Develops and can recommend appropriate policies based on academic research results
10 Can evaluate by combining economic knowledge with information obtained from other disciplines to solve problems
11 Can use information technology effectively
12 Acquires the ability to conduct independent research and learn

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Laboratory
Application
Special Course Internship
Field Work
Study Hours Out of Class
Presentation/Seminar Prepration 1 15 15
Project
Report
Homework Assignments
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 25 25
Prepration of Final Exams/Final Jury 1 25 25
Total Workload 113