| LOGISTIC MANAGEMENT | |||||
| 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 |
| The course opens with the approval of the Department at the beginning of each semester |
| Language of instruction: | En |
| Type of course: | Must Course |
| Course Level: | Bachelor |
| Mode of Delivery: | Face to face |
| Course Coordinator : | Assoc. Prof. HÜMEYRA ADIGÜZEL |
| 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: | 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 |
| Attendance | % 0 | |
| Laboratory | % 0 | |
| Application | % 0 | |
| Field Work | % 0 | |
| Special Course Internship (Work Placement) | % 0 | |
| Quizzes | 2 | % 30 |
| Homework Assignments | % 0 | |
| Presentation | % 0 | |
| Project | % 0 | |
| Seminar | % 0 | |
| Midterms | 1 | % 30 |
| Preliminary Jury | % 0 | |
| Final | 1 | % 40 |
| Paper Submission | % 0 | |
| Jury | % 0 | |
| Bütünleme | % 0 | |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 60 | |
| PERCENTAGE OF FINAL WORK | % 40 | |
| Total | % 100 | |
| Activities | Number of Activities | Workload | |
| Course Hours | 14 | 40 | |
| Laboratory | |||
| Application | |||
| Special Course Internship (Work Placement) | |||
| Field Work | |||
| Study Hours Out of Class | 16 | 101 | |
| Presentations / Seminar | |||
| Project | |||
| Homework Assignments | |||
| Quizzes | 2 | 2 | |
| Preliminary Jury | |||
| Midterms | 1 | 2 | |
| Paper Submission | |||
| Jury | |||
| Final | 1 | 2 | |
| Total Workload | 147 | ||
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | To correctly identify the problems and to be able to ask the correct questions | |
| 2) | To have the ability for problem solving and to utilize analytical approach in dealing with the problems | |
| 3) | To be able to identify business processes and use them to increase the productivity in logistics system. | |
| 4) | To be fully prepared for a graduate study | 3 |
| 5) | Awareness of the new advancements in Information and Communications Technologies (ICT) and to be able to use them in logistics management effectively. internet and the electronic world | |
| 6) | To understand the components of logistics as well as the importance of the coordination among these components. | |
| 7) | To know the necessary ingredients for improving the productivity in business life | |
| 8) | To think innovatively and creatively in complex situations | |
| 9) | To act and think both regionally and internationally | 4 |
| 10) | To understand the demands and particular questions of globalization | 4 |
| 11) | Aware of the two way interaction between globalization and logistics; as well as to use this interaction for increasing the productivity. | 2 |
| 12) | To be able to use at least one foreign language both for communication and academic purposes | |
| 13) | To acquire leadership qualities but also to know how to be a team member | |
| 14) | To understand the importance of business ethics and to apply business ethics as a principal guide in both business and academic environment | 2 |