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Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
IB3414	International Trade Policy	Spring	3	0	3	7

This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

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 :	Assist. Prof. FADİME İREM DOĞAN
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 two parts: it starts with the objective of this course is to extend monetary economics and macroeconomics into the realm of international finance. Specifically, we will learn about the basic functioning of the international currency and capital markets, balance of payments accounts, how countries make macroeconomic policy decisions, and how these decisions affect interest rates, prices and exchange rates. Second part is on theoretical approach to trade and trade policy instruments.

Learning Outcomes

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.

Course Content

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

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	Introduction & Explanation of the Syllabus
2)	Global Macroeconomy
3)	Introduction to Exchange Rates and Foreign Exchange Market
4)	Exchange Rate: Monetary Approach in the Long-Run
5)	Exchange Rate: Asset Approach in the Short-Run
6)	National and International Accounts: Income, Wealth and the Balance of Payments
7)	Balance of Payments: The Gains from Financial Globalization
8)	Midterm Week
9)	Balance of Payments: Output, Exchange Rates, and Macroeconomic Policies in the Short-Run
10)	Fixed versus Floating: International Monetary Experience
11)	Exchange Rate Crises: How Pegs Work and How They Break
12)	Instruments of Trade Policy & Political Economy of Trade Policy
13)	Trade Policy in Developing Countries
14)	Controversies in Trade Policy

Sources

Course Notes / Textbooks:
References:	Krugman, P. R., Obstfeld, M., Melitz, M. (2021). International Economics: Theory and Policy, 12th edition, Prentice Hall.

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Attendance	14	% 10
Quizzes	1	% 10
Midterms	1	% 30
Final	1	% 50
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 50
PERCENTAGE OF FINAL WORK		% 50
Total		% 100

ECTS / Workload Table

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

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	To be able to apply theoretical concepts related to mass communication, consumer behavior, psychology, persuasion,sociology, marketing, and other related fields to understand how advertising and brand communication works in a free-market economy.	2
2)	To be able to critically discuss and interpret theories, concepts, methods, tools and ideas in the field of advertising.	2
3)	To be able to research, create, design, write, and present an advertising campaign and brand strategies of their own creation and compete for an account as they would at an advertising agency.	2
4)	To be able to analyze primary and secondary research data for a variety of products and services.	2
5)	To be able to develop an understanding of the history of advertising as it relates to the emergence of mass media outlets and the importance of advertising in the marketplace.	2
6)	To be able to follow developments, techniques, methods, as well as research in advertising field; and to be able to communicate with international colleagues in a foreign language. (“European Language Portfolio Global Scale”, Level B1)	2
7)	To be able to take responsibility in an individual capacity or as a team in generating solutions to unexpected problems that arise during implementation process in the Advertising field.	3
8)	To be able to understand how advertising works in a global economy, taking into account cultural, societal, political, and economic differences that exist across countries and cultures.	2
9)	To be able to approach the dynamics of the field with an integrated perspective, with creative and critical thinking, develop original and creative strategies.	2
10)	To be able to to create strategic advertisements for print, broadcast, online and other media, as well as how to integrate a campaign idea across several media categories in a culturally diverse marketplace.	2
11)	To be able to use computer software required by the discipline and to possess advanced-level computing and IT skills. (“European Computer Driving Licence”, Advanced Level)	2
12)	To be able to identify and meet the demands of learning requirements.	2
13)	To be able to develop an understanding and appreciation of the core ethical principles of the advertising profession.	2