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| IKT2010 | International Economics | 3+0+0 | ECTS:4 | | Year / Semester | Fall Semester | | Level of Course | First Cycle | | Status | Elective | | Department | DEPARTMENT of BUSINESS | | Prerequisites and co-requisites | None | | Mode of Delivery | Face to face | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | -- | | Co-Lecturer | Prof.Dr. M.Kemal Değer, Prof.Dr. Kenan ÇELİK | | Language of instruction | Turkish | | Professional practise ( internship ) | None | | | | The aim of the course: | | Aim of this course is to introduce international economic relationships and help to understand global economic activities. |
| Learning Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | LO - 1 : | be able to understand general concepts of international economic | | | | LO - 2 : | be able to grasp framework of international economic relationships | | | | LO - 3 : | be able to compare foreign trade policies and theories | | | | LO - 4 : | be able to analyze the relationship between international trade and national economic growth | | | | LO - 5 : | be able to understand trade policies and world economic issues | | | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome | | |
| Absolute and Comparative Advantages, Demand and Supply Models, Factor Endowments, foreign trade policy, customs and tariffs, other policy instruments, international trade agreements, globalization and free trade, foreign exchange markets. |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Occurring of International trade theories, Mercantilism, Adam Smith and Classical Liberalism, Smith and Absolute Advantages, Ricardo and comparative advantages | | | Week 2 | Opportunity Costs and Foreign Trade, Transformation Curves, Fixed Costs and Foreign Trade, Increasing Costs and Foreign Trade, Decrasing Costs and Foreign Trade | | | Week 3 | Supply and Demand Models, Foreign Trade Terms, Demand Law of Mills, Offer Curves, changes in the offer curves and trade terms | | | Week 4 | Social indifference curves, equilibrium of closed economy, equilibrium of open economy, production and consumption benefits of froeign trade | | | Week 5 | Factor Endowment Theory, International Equal Factor Prices Theory, Income Distribution Theory of Stolper-Samuelson, | | | Week 6 | Leontieff Paradox, Skilled Labor Theorem, Technological Gap Theory, Product Cycles Model, Similarity in Preferences, Economies of Scale, Product Differences, inter-industry and intra-industry trade, transportation costs and international trade | | | Week 7 | Economic Growth and Foreign Trade, Rybczynsky Theorem, Impoverishing Growth, Terms of Trade and Developing Countries, Economic Development and Comparative Advantages | | | Week 8 | Foreign Trade Policy, Aims of Trade Policy, Instruments of Trade Policy, History of trade policies | | | Week 9 | Midterms exam | | | Week 10 | protection in foreign trade, reasons of protectionism, national security, infant industry thesis, strategical trade policy, protecting from damping, decreasing of trade deficits and unemployment rates, improving of terms of trade | | | Week 11 | custom rates, effects of custom taxes, effects of custom taxes on short-run and long-run, rant effects of tariffs, macroeconomic effects of tarrifs | | | Week 12 | terms of trade and optimal tariff rate, reflecting of custom taxes, effective protection rates, special trade regimes, custom rates of Turkey | | | Week 13 | Import Quotas, Import Prohibitions, Exchange Control, Multiple Exchange Rates, New Protectionism, Voluntary Export Restrictions, standards of health, security and environment, official treatments | | | Week 14 | export subsidies, variably levy for import, export taxes, monopoly in export and cartels | | | Week 15 | Globalization, World Trade Organization, types of economic integration, Free Trade Areas, Custom Unions, Money Unions, Polarization Theory, Economic Integration and Developing Countries | | | Week 16 | Final exam | | | |
| 1 | Halil Seyidoğlu, 2012, Uluslararası İktisat, Güzem Yayınları, İstanbul. | | | |
| 1 | Rıdvan Karluk (2009), Uluslararası Ekonomi: Teori ve Politika, Beta Yayınları, İstanbul. | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 1 | 17/10/2016 | 1 | 50 | | End-of-term exam | 1 | 05/11/2016 | 1 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 3 | 14 | 42 | | Sınıf dışı çalışma | 3 | 14 | 42 | | Laboratuar çalışması | 0 | 0 | 0 | | Arasınav için hazırlık | 7 | 2 | 14 | | Arasınav | 1 | 1 | 1 | | Uygulama | 0 | 0 | 0 | | Klinik Uygulama | 0 | 0 | 0 | | Ödev | 0 | 0 | 0 | | Proje | 0 | 0 | 0 | | Kısa sınav | 0 | 0 | 0 | | Dönem sonu sınavı için hazırlık | 10 | 2 | 20 | | Dönem sonu sınavı | 1 | 1 | 1 | | Diğer 1 | 0 | 0 | 0 | | Diğer 2 | 0 | 0 | 0 | | Total work load | | | 120 |
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