ECONOMICS AND FINANCE | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
IB3414 | International Trade Policy | Spring Fall |
3 | 0 | 3 | 7 |
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 |
Course Lecturer(s): |
Prof. Dr. YAVUZ GÜNALAY |
Recommended Optional Program Components: | None |
Course Objectives: | The main objective of this course is to provide students with an analytical perspective about international trade relations and negotiations by referring to the relationship between trade theory/trade policy instruments, and current trade relations. The course is divided into four parts: it starts with a theoretical approach to trade and trade policy instruments; then focuses on political economy of free trade and trade policy process. The third part is on international trade negotiations and the institutions (mainly the GATT and the WTO); their norms, principles and essential mechanisms; followed by a series of lectures on multilateral and regional trade arrangements and current topics in the global trading system |
The students who have succeeded in this course; The students who have succeeded in this course; 1. Learn the basic theoretical framework of trade policy analysis and apply this in particular cases 2. Learn the role and limitations of WTO and other international institutions governing the rule-based system of world economic order. 3. Learn about the widening scope of trade policy related issues such as environmental concerns, labor standards and intellectual property rights. 4. Learn about the role of domestic and international conflict of interests in determining trade policy. 5. Learn about regional economic integration and free trade agreements 6. Learn to access and interpret data on international trade policy. |
1st Week: International Trade Policy: An Introduction 2nd Week: Trade Policy instruments: Tariffs 3rd Week: Trade Policy instruments: non-tariff barriers 4th Week: Free trade vs. trade protection 5th Week: Political economy of trade policy: theoretical background 6th Week: Political economy of trade policy: rent-seeking 7th Week: Midterm 8th Week: International trade institutions: WTO 9th Week: WTO Multilateral Trade Arrangements: Industrial goods, trade in agriculture 10th Week: WTO Multilateral Trade Arrangements: Trade in services 11th Week: Doha Round of multilateral trade negotiations 12th Week: Preferential trade arrangements and regionalism 13th Week: Trade-and-Beyond-the-Border issues 14th Week: Current topics in world trade |
Week | Subject | Related Preparation |
1) | 1st Week: International Trade Policy: An Introduction | |
2) | 2nd Week: Trade Policy instruments: Tariffs | |
3) | 3rd Week: Trade Policy instruments: non-tariff barriers | |
4) | 4th Week: Free trade vs. trade protection | |
5) | 5th Week: Political economy of trade policy: theoretical background | |
6) | 6th Week: Political economy of trade policy: rent-seeking | |
7) | 7th Week: Review | |
8) | 8th Week: International trade institutions: WTO | |
9) | 9th Week: WTO Multilateral Trade Arrangements: Industrial goods, trade in agriculture | |
10) | 10th Week: WTO Multilateral Trade Arrangements: Trade in services | |
11) | 11th Week: Doha Round of multilateral trade negotiations | |
12) | 12th Week: Preferential trade arrangements and regionalism | |
13) | 13th Week: Trade-and-Beyond-the-Border issues | |
14) | 14th Week: Current topics in world trade |
Course Notes / Textbooks: | Bu ders için tek bir ders kitabı olmayıp, aşağıdaki eserlerin ilgili bölümleri temel okuma parçaları olarak tavsiye edilmektedir: There is no single textbook for this course. Relevant chapters in the following books are suggested as essential reading to provide a background: Hoekman, B. and M. Kostecki (2009), The Political Economy of the World Trading System: The WTO and Beyond, Third Edition, Oxford University Press. Barton, Goldstein, Josling and Steinberg (2006), The Evolution of the Trade Regime: Politics, Law, and Economics of the GATT and the WTO, Princeton University Press. Trebilcock, M. and R. Howse (2005), The Regulation of International Trade, Third Edition, Routledge. Van den Bossche, P. (2008), The Law and Policy of the World Trade Organization: Text, Cases and Materials Second Edition, Cambridge University Press. Bhagwati, J. (2002), Free Trade Today, Princeton University Press. Bagwell, K. and Staiger, R. (2002), The Economics of the World Trading System, The MIT Press. Rodrik, Dani (2011), The Globalisation Paradox, Oxford University Press. |
References: |
Semester Requirements | Number of Activities | Level of Contribution |
Attendance | 14 | % 5 |
Midterms | 1 | % 40 |
Final | 1 | % 55 |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 45 | |
PERCENTAGE OF FINAL WORK | % 55 | |
Total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 14 | 40 |
Study Hours Out of Class | 16 | 102 |
Midterms | 1 | 2 |
Final | 1 | 2 |
Total Workload | 146 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works. | 3 |
2) | Understand the common as well as distinctive characters of the markets, industries, market regulations and policies. | 2 |
3) | Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events. | 1 |
4) | Analyze the interventions of politics to the economics and vice versa. | 3 |
5) | Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches. | 2 |
6) | Understand current and new economic events and how the new approaches to the economics are formed and evaluating. | 2 |
7) | Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form. | 3 |
8) | Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence. | 2 |
9) | Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. | 2 |
10) | Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. | 3 |