BIOMEDICAL ENGINEERING | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
IB3413 | International Trade Theory | Fall | 3 | 0 | 3 | 9 |
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
Language of instruction: | English |
Type of course: | Non-Departmental Elective |
Course Level: | Bachelor’s Degree (First Cycle) |
Mode of Delivery: | Face to face |
Course Coordinator : | Assoc. Prof. HÜMEYRA ADIGÜZEL |
Recommended Optional Program Components: | None |
Course Objectives: | This course aims at providing an introduction to the basis of international trade in order to provide students with a theoretical understanding of trade relations among the countries. The course is devoted to the examination of various theoretical approaches (i.e. Ricardian, Heckscher-Ohlin models, new trade theories) that help to explain several questions such as ‘what explains the patterns of trade?, ‘why do nations trade?, What is the basis for trade?, What are the welfare implications of trade liberalization?, Who gains from trade?’. |
The students who have succeeded in this course; The students who have succeeded in this course; 1. Learn different theoretical models explaining trade patterns, gains from trade and income distribution effects of trade. 2. Evaluate global trade flows by applying the theoretical models learned in this course. 3. Evaluate various debates concerning free trade vs protectionism/mercantilism. 4. Understand the dynamic nature of comparative advantage and identify the situations when this concept is not applicable. 5. Learn the factors that motivate a firm that invests abroad and consequences of foreign investments. 6. Learn to access and interpret data on international trade flows. |
1st Week: General introduction: What is ‘international trade’? Trends in world trade in goods and services. 2nd Week: Classical Trade Model: Absolute Advantages and Opportunity Cost. 3rd Week: Classical Trade Model: The Ricardian Model and Comparative Advantage. 4th Week: Classical Trade Model: The Ricardian Model and Comparative Advantage. 5th Week: Neoclassical Trade Model: The corollaries of ‘Heckscher-Ohlin’ model. 6th Week: Neoclassical Trade Model: Factor endowments and ‘Heckscher-Ohlin’ model. 7th Week: Midterm examination 8th Week: Neoclassical Trade Model: Stolper-Samuelson theorem; Rybczynski theorem; Factor-price equalization theorem. 9th Week: Neoclassical Trade Model: Standard Trade Model. 10th Week: New trade theory: Economies of scale and imperfect competition. 11th Week: New trade theory: Economies of scale and imperfect competition. 12th Week: Implications of Trade New trade theory; strategic trade policy and intra-industry trade. 13th Week: Product cycle theory. 14th Week: Overall evaluation. |
Week | Subject | Related Preparation |
1) | 1st Week: General introduction: What is ‘international trade’? Trends in world trade in goods and services. | |
2) | 2nd Week: Classical Trade Model: Absolute Advantages and Opportunity Cost. | |
3) | 3rd Week: Classical Trade Model: The Ricardian Model and Comparative Advantage. | |
4) | 4th Week: Classical Trade Model: The Ricardian Model and Comparative Advantage. | |
5) | 5th Week: Neoclassical Trade Model: The corollaries of ‘Heckscher-Ohlin’ model. | |
6) | 6th Week: Neoclassical Trade Model: Factor endowments and ‘Heckscher-Ohlin’ model. | |
7) | 7th Week: Review | |
8) | 8th Week: Neoclassical Trade Model: Stolper-Samuelson theorem; Rybczynski theorem; Factor-price equalization theorem. | |
9) | 9th Week: Neoclassical Trade Model: Standard Trade Model. | |
10) | 10th Week: New trade theory: Economies of scale and imperfect competition. | |
11) | 11th Week: New trade theory: Economies of scale and imperfect competition. | |
12) | 12th Week: Implications of Trade New trade theory; strategic trade policy and intra-industry trade. | |
13) | 13th Week: Product cycle theory. | |
14) | 14th Week: Overall evaluation. |
Course Notes / Textbooks: | Temel kaynak kitap: Required Text: Krugman, P. and M. Obstfeld (2011), International Economics, 9th edition, Pearson, Addison Wesley. |
References: | Yararlı eserler: Optional Texts: Caves, Frankel and Jones (2007), World Trade and Payments: An Introduction, 10th edition, Pearson, Addison Wesley. Seyidoğlu, Halil (2009), Uluslararası İktisat, 17. Baskı. (In Turkish). Karluk, Rıdvan (2009), Uluslararası Ekonomi, 9. Baskı, Beta yayınevi. (In Turkish). Pugel, Thomas (2009), International Economics, 14th ed., McGraw-Hill-Irwin. Suranovic, S. (2010), International Trade Theory and Policy, Flat World Knowledge, online textbook. Bhagwati, J. (2002), Free Trade Today, Princeton Univ. Press. WTO (2007), World Trade Review 2007, Geneva: WTO. |
Semester Requirements | Number of Activities | Level of Contribution |
Quizzes | 2 | % 30 |
Midterms | 1 | % 30 |
Final | 1 | % 40 |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 60 | |
PERCENTAGE OF FINAL WORK | % 40 | |
Total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 14 | 40 |
Study Hours Out of Class | 16 | 101 |
Quizzes | 2 | 2 |
Midterms | 1 | 2 |
Final | 1 | 2 |
Total Workload | 147 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Adequate knowledge of subjects specific to mathematics (analysis, linear, algebra, differential equations, statistics), science (physics, chemistry, biology) and related engineering discipline, and the ability to use theoretical and applied knowledge in these fields in complex engineering problems. | |
2) | Identify, formulate, and solve complex Biomedical Engineering problems; select and apply proper modeling and analysis methods for this purpose | |
3) | Design complex Biomedical systems, processes, devices or products under realistic constraints and conditions, in such a way as to meet the desired result; apply modern design methods for this purpose. | |
4) | Devise, select, and use modern techniques and tools needed for solving complex problems in Biomedical Engineering practice; employ information technologies effectively. | |
5) | Design and conduct numerical or physical experiments, collect data, analyze and interpret results for investigating the complex problems specific to Biomedical Engineering. | |
6) | Cooperate efficiently in intra-disciplinary and multi-disciplinary teams; and show self-reliance when working on Biomedical Engineering-related problems. | |
7) | Ability to communicate effectively in Turkish, oral and written, to have gained the level of English language knowledge (European Language Portfolio B1 general level) to follow the innovations in the field of Biomedical Engineering; gain the ability to write and understand written reports effectively, to prepare design and production reports, to make effective presentations, to give and receive clear and understandable instructions. | |
8) | Recognize the need for life-long learning; show ability to access information, to follow developments in science and technology, and to continuously educate oneself. | |
9) | Having knowledge for the importance of acting in accordance with the ethical principles of biomedical engineering and the awareness of professional responsibility and ethical responsibility and the standards used in biomedical engineering applications | |
10) | Learn about business life practices such as project management, risk management, and change management; develop an awareness of entrepreneurship, innovation, and sustainable development. | |
11) | Acquire knowledge about the effects of practices of Biomedical Engineering on health, environment, security in universal and social scope, and the contemporary problems of Biomedical Engineering; is aware of the legal consequences of Mechatronics engineering solutions. |