International Trade

Course Code:

ATD 243

Course Period:

Autumn

Course Type:

Core

P:

3

Application:

0

Credits:

3

ECTS:

6

Prerequisite Courses:

Principles of Microeconomics

Principles of Macroeconomics

Course Language:

İngilizce

Course Objectives:

This course aims to provide theoretical explanations for basis of and gains from international trade, the motives of trade policy and international finance. Specificly;the course introduces the main concepts and methods of international trade and illustrates them with applications drawn from the real world. In the second part of the course, international finance topics essential to the understanding of today’s global economy will be covered at an introductory level.

Course Content:

International trade and finance theories and policies, rules and institutions.

Course Methodology:

1: Lecture, 2: Question-Answer, 3: Discussion, 4: Simulation, 5: Case Study

Course Evaluation Methods:

A: Testing, B: Presentation, C: Homework, D: Project, E: Laboratory

Vertical Tabs

Course Learning Outcomes

Learning Outcomes	Program Learning Outcomes	Teaching Methods	Assessment Methods
1) be familiar with the role of the WTO in world trade and understand the economic effects of free trade agreements and other types of preferential trade agreements,	5,6	1, 2, 3	A,B
2) Understand the relationship between factor endowments, the location of production, and international trade,	5	1, 2, 3	A,B
3) Develop an understanding of a variety of issues in international trade including the links between trade and wage inequality and the effects of trade policy,	5,6	1, 2, 3	A,B
4) be familiar with the major instruments of trade policy such as tariffs and subsidies and how their economic impacts can be analyzed,	5,6,8	1, 2, 3,4	A,B
5) be familiar with balance of payments accounting,	11	1, 2, 3,4	A,B
6) understand how the foreign exchange market works and how the foreign exchange rates are determined,	11,16	1, 2, 3	A,B
7) use and adapt economic models to address key issues in international finance.	11,16	1,2,3	A,B

Course Flow

Week	Topics	Study Materials
1	Introduction- International Economic Institutions since World War II	Textbook, Online resources
2	Comparative Advantage and the Gains from Trade	Textbook
3	Modern Trade Theories	Textbook
4	Imperfect Competition and International Trade	Textbook
5	Review
6	The Theory of Tariffs and Quotas	Textbook, Article
7	Foreign Trade Policy	Textbook, Online resources, Article
8	International Trade and Labor and Environmental Standards	Textbook, Article
9	The Balance of Payments	Textbook, Online resources, Lecture Notes
10	Exchange Rates and Exchange Rate Systems	Textbook
11	Exchange Rates and Exchange Rate Systems	Textbook
12	An Introduction to Open Economy Macroeconomics	Textbook
13	An Introduction to Open Economy Macroeconomics	Textbook
14	General Review
15	Final

Recommended Sources

Textbook	MAIN TEXT Gerber J. (2011). International Economics, 5th edition, Pearson / Addison-Wesley. Krugman P.R. and M. Obstfeld (2003). International Economics, 6th edition, Pearson / Addison-Wesley.
Additional Resources	Course website, lecture notes, articles, online resources.

Material Sharing

Documents	Guidelines and additional examples for Lecture Topics and Homework Assignments.
Assignments	Homework Assignments
Exams	Midterm Exam and Final Exam

Assessment

IN-TERM STUDIES	NUMBER	PERCENTAGE
Homework Assignments and their mini-presentations	8	50
Midterms	1	50
Total		100
CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE		60
CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE		40
Total		100

COURSE CATEGORY

Expertise/Field Courses

Course’s Contribution to Program

No	Program Learning Outcomes	Contribution
No	Program Learning Outcomes	1	2	3	4	5
1	Gaining knowledge of business terms and applying these to institutions and business administrations. With this knowledge being able to analyze problems, and come up with creative solutions.
2	Commenting on the effect's of social behavior, personality and organizational culture at the global level.		x
3	Applying knowledge acquired in the field.
4	Review of the economic and legal problems of organizations, and application of creative solutions.
5	Being able to correctly investigate and interpret government policy effects on foreign trade.				x
6	Analyzing global order economically and politically, in addition being able to analyze the geographical affects of this perspective.					x
7	In organizational analysis being able to see unethical situations in advance and prevent them from occurring, also gaining the ability to apply these traits in functional areas.
8	Analyzing the great economies of the world and apprehending in what dimension added value for multi- national and financial firms is created.		x
9	Presenting international marketing bases and gaining the necessary traits to become a brand and develop better communication strategies.
10	To provide management, control and decision-making abilities and to use these in social and professional relationships.
11	Assessment of countries’ international economical policies on the bases of regional and foreign polices.			x
12	Understanding of statistical data, being able to implement and complete projects based on this data.
13	In the process of collecting and analyzing data, under the guidance of social responsibility, understanding ethical principals and knowing how to implement them.
14	Using the projects generated for the betterment of society and sharing them with sensitivity.
15	Being able to take and implement strategic decisions on issues generated by cross cultural differences in international trade.
16	Under the guidance of international relationships being able to analyze Turkey’s foreign policies and added value. In this perspective being able to interpret international and supra-national politics			x
17	Providing the information learned in a computing environment in order to provide functional values and analytical skills.
18	Gaining a fair understanding of national and international markets and having the skills to analyze the consumer affects in a common market. Being able to identify the right consumers.

ECTS

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Course Duration (Including the exam week: 15x Total course hours)	15	3	45
Hours for off-the-classroom study (Pre-study, practice)	15	4	60
Mid-terms	1	10	10
Homework	10	20	20
Final examination	1	15	15
Total Work Load			150
Total Work Load / 25 (h)			6.0
ECTS Credit of the Course			6

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