The goal of this course is to familiarize the students with the basic concepts and skills that will enable them to analyze various problems in international trade theory, international trade policy, and international finance
International trade theory; international trade policy; international finance; and the balance of payments.
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Course Learning Outcomes
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Learning Outcomes |
Program Learning Outcomes |
Teaching Methods |
Assessment Methods |
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1. Explain the reasons behind international trade |
4,7 |
1,2,3 |
A,C |
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2. Describe international trade theories |
7 |
1,2,3 |
A,C |
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3. Interpret international trade policies |
4,7 |
1,2,3 |
A,C |
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4. Explain the functioning of the international financial system |
1,5 |
1,2,3 |
A,C |
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5. Differentiate between the various exchange rate regimes and policies |
5,7 |
1,2,3 |
A,C |
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6. Interpret the balance of payments |
5,7 |
1,2,3 |
A,C |
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7. Explain the foreign trade and financial relations of Turkey. |
8,10 |
1,2,3 |
A,C |
Course Flow
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Week |
Topics |
Study Materials |
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1 |
Introduction |
Online resources |
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2 |
The Ricardian Model |
Textbook |
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3 |
Specific Factors and Income Distribution |
Textbook |
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4 |
The H-O Model |
Textbook |
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5 |
The Standard Trade Model |
Textbook |
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6 |
Instruments of Trade Policy |
Textbook, Article |
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7 |
Political Economy of Trade Policy |
Textbook, Online resources, Article |
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8 |
Trade Policy in Developing Countries |
Textbook, Article |
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9 |
National Income Accounting and the Balance of Payments |
Textbook, Online resources, Lecture Notes |
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10 |
Exchange Rates and the Foreign Exchange Market |
Textbook |
|
11 |
Money, Interest Rates, and Exchange Rates |
Textbook |
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12 |
Money, Interest Rates, and Exchange Rates |
Textbook |
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13 |
International Monetary Systems |
Textbook |
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14 |
Financial Globalization |
Textbook, Online resources, Lecture Notes |
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15 |
Final |
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Recommended Sources
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Textbook |
Krugman, Paul R., Obstfeld, Maurice, and Melitz, Marc J. (2012), International Economics: Theory & Policy, 9th edition, Addison-Wesley. |
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Additional Resources |
Course website, lecture notes, articles, and online resources. |
Material Sharing
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Documents |
Guidelines and additional examples for Lecture Topics and Research Assignment. |
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Assignments |
Research Assignment: Examine the different types of exchange rate regimes adopted by countries in the world and compare each type of regime to fixed exchange rate regime |
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Exams |
Midterm Exam and Final Exam |
Assessment
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IN-TERM STUDIES |
NUMBER |
PERCENTAGE |
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Mid-terms |
1 |
50 |
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Assignment |
1 |
50 |
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Total |
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100 |
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CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE |
|
60 |
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CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE |
|
40 |
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Total |
|
100 |
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COURSE CATEGORY |
Expertise/Field Courses |
Course’s Contribution to Program
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COURSE'S CONTRIBUTION TO PROGRAM |
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Program Learning Outcomes |
Contribution |
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1 |
2 |
3 |
4 |
5 |
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1. To understand the core principles of finance and to be able to apply them both nationally and internationally. |
x |
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2. To formulate solutions to finance problems by effectively using contemporary information technologies and up-to-date financial instruments. |
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3. To judge the best possible outcome to problems that require ethical and social responsibility-based thinking by identifying stakeholders and weighing alternative solutions. |
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4. To develop the necessary background to be able to work in multicultural and multilingual environments. |
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x |
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5. To analyze the developments in financial markets by interpreting and distinguishing among the factors affecting them. |
x |
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6. To recognize management tools and models specific to multinational companies and to be able to apply them where necessary. |
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7. To understand the structure of the global economic system and to be able to analyze how new developments will affect this structure. |
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x |
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8. To be able to use critical thinking ability in decision making process. |
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x |
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9. To develop and demonstrate the leadership, teamwork and communication skills that may be transferred to the lifelong learning process. |
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10. To interpret environmental and sustainability issues by implementing quality management processes. |
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x |
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ECTS
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Activities |
Quantity |
Duration |
Total |
|
Course Duration (Including the exam week: 15x Total course hours) |
15 |
3 |
45 |
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Hours for off-the-classroom study (Pre-study, practice) |
15 |
3 |
45 |
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Mid-terms |
1 |
10 |
10 |
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Homework |
1 |
25 |
25 |
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Final examination |
1 |
10 |
20 |
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Total Work Load |
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145 |
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Total Work Load / 25 (h) |
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5.8 |
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ECTS Credit of the Course |
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6 |