| Language of instruction: |
English |
| Type of course: |
Non-Departmental Elective |
| Course Level: |
Bachelor’s Degree (First Cycle)
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| Mode of Delivery: |
Face to face
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| Course Coordinator : |
Assist. Prof. FADİME İREM DOĞAN |
| Course Lecturer(s): |
Assist. Prof. FADİME İREM DOĞAN
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| Recommended Optional Program Components: |
None |
| Course Objectives: |
No economy exists in isolation. Goods, services, people (labor), and capital move from one economy to another. Economic policies implemented by one country can affect the economy and welfare of other countries. The discipline under economics that studies the interaction between economies is called international economics. The subject matter of our course, International Trade Theory (IB 3413), falls under the broader topic of international economics. International trade theory first and foremost tries to explain why trade (movement of goods and services) takes place among different economies and then tries to analyze whether or not a nation benefits from international trade. International trade theory also tries evaluating income distribution consequences of trade. The objective of the course is twofold. The first objective is to introduce the basic concepts and analytical tools used by international trade economics. Secondly, main trends in global trade and globalization is presented in conjunction with the analytical framework developed throughout the course.
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| Week |
Subject |
Related Preparation |
| 1) |
Introduction & Explanation of the Syllabus |
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| 2) |
The subject matter of international economics, mercantilistic view of trade vs. free trade
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| 3) |
Trade and Technology: The Ricardian Model andClassical Theories
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| 4) |
Classical Trade Model |
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| 5) |
Gains and Losses from Trade in the Specific Factors Model
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| 6) |
Trade and Resources: The Heckscher-Ohlin Model
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| 7) |
Movement of Labor and Capital Between Countries
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| 8) |
Midterm |
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| 9) |
Economies of Scale, Imperfect Competition and International Trade
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| 10) |
Offshoring of Goods and Services
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| 11) |
Trade Restrictions : Tariffs |
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| 12) |
Nontariff Trade Barriers |
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| 13) |
Economic Integration |
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| 14) |
Trade and Development |
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| Course Notes / Textbooks: |
Krugman, P. R., Obstfeld, M., Melitz, M. (2021). International Economics: Theory and Policy, 12th edition, Prentice Hall.
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| References: |
Krugman, P. R., Obstfeld, M., Melitz, M. (2021). International Economics: Theory and Policy, 12th edition, Prentice Hall.
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| |
Program Outcomes |
Level of Contribution |
| 1) |
Build up a body of knowledge in mathematics, science and industrial engineering subjects; use theoretical and applied information in these areas to model and solve complex engineering problems. |
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| 2) |
Identify, formulate, and solve complex engineering problems; select and apply proper analysis and modeling methods for this purpose. |
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| 3) |
Design a complex system, process, device or product under realistic constraints and conditions, in such a way as to meet the desired result; apply modern design methods for this purpose. The ability to apply modern design methods to meet this objective. |
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| 4) |
Devise, select, and use modern techniques and tools needed for solving complex problems in industrial engineering practice; employ information technologies effectively. |
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| 5) |
Design and conduct experiments, collect data, analyze and interpret results for investigating the complex problems specific to industrial engineering. |
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| 6) |
Cooperate efficiently in intra-disciplinary and multi-disciplinary teams; and show self-reliance when working independently. |
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| 7) |
Demonstrate effective communication skills in both oral and written English and Turkish. Writing and understanding reports, preparing design and production reports, making effective presentations, giving and receiving clear and understandable instructions. |
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| 8) |
Recognize the need for lifelong learning; show ability to access information, to follow developments in science and technology, and to continuously educate him/herself. |
3 |
| 9) |
Develop an awareness of professional and ethical responsibility, and behaving accordingly. Information about the standards used in engineering applications. |
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| 10) |
Know business life practices such as project management, risk management, and change management; develop an awareness of entrepreneurship, innovation, and sustainable development. |
4 |
| 11) |
Know contemporary issues and the global and societal effects of modern age engineering practices on health, environment, and safety; recognize the legal consequences of engineering solutions. |
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| 12) |
Develop effective and efficient managerial skills. |
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