| Course Title | Code | Semester | L+U Hour | Credits | ECTS |
|---|---|---|---|---|---|
| International Economics I | İKT303 | 5. Semester | 3 + 0 | 3.0 | 5.0 |
| Prerequisites | None |
| Language of Instruction | Turkish |
| Course Level | Undergraduate |
| Course Type | |
| Mode of delivery | Face to face. |
| Course Coordinator |
Assoc. Prof. Dr. İbrahim KÜLÜNK |
| Instructors |
İbrahim KÜLÜNK |
| Assistants | |
| Goals | To analyze the international dimension of the economy in real terms, to examine the reasons that lead countries to mutual trade with theories, to evaluate Turkey's foreign trade structure and development |
| Course Content | Causes of international trade, absolute and comparative advantages, Heckscher-Ohlin analysis, foreign trade theory, protectionism, tariffs and non-tariff instruments, globalization, economic mergers, EU and non-EU economic groupings, etc. will be analyzed and interpreted. |
| Learning Outcomes |
- To be able to distinguish the place of international economics in general economics and its difference from other fields as a separate specialization - To be able to reveal the reasons for international trade. - To be able to analyze the theories explaining international trade comparatively. - To be able to distinguish the different structures of inter-industry and intra-industry trade. - Evaluate the limitations of traditional theories in a changing world trade system - To be able to discuss the contributions of new theories of foreign trade. - To be able to question the world trade system and the place of underdeveloped countries based on the theoretical relationship between foreign trade and growth. - To be able to analyze Turkey's foreign trade structure and its place in the world trade system by taking into account the development of foreign trade. |
| Week | Topics | Learning Methods |
|---|---|---|
| 1. Week | Introduction - The place of international economics in general economics: Why Countries Trade | |
| 2. Week | A Historical Overview of Foreign Trade Views, Pre-Theoretical Policy Period: Mercantilism, Physiocracy | |
| 3. Week | Classical Theories of Foreign Trade: Basic Problems and Assumptions | |
| 4. Week | Classical Theories of Foreign Trade: Absolute Advantages, Comparative Advantages and International Values Theory | |
| 5. Week | Neoclassical Foreign Trade Theories: Offer Curves and Terms of Trade | |
| 6. Week | Neoclassical Foreign Trade Theories: Alternative Cost and Gain from Trade | |
| 7. Week | Neoclassical Foreign Trade Theories: Factor Endowment Theorem | |
| 8. Week | MIDTERM EXAM | |
| 9. Week | Approaches from Factor Endowment Theory | |
| 10. Week | New Foreign Trade Theories: Explanation of Foreign Trade Based on Imperfect Competition Market Structure | |
| 11. Week | New Foreign Trade Theories: Explaining Economies of Scale | |
| 12. Week | New Foreign Trade Theories: Explanation Based on Non-Price Factors | |
| 13. Week | Growth and Foreign Trade, Johnson Model: Consumption-Production and Growth, Bhagwati Impoverishing Growth Theorem, Rybczynski Theorem | |
| 14. Week | Evaluation of Turkey's Foreign Trade Structure in terms of Foreign Trade Theories |
| Paul Krugman, Maurice Obstfeld, Marc Melitz (2016), Uluslararası İktisat: Teori ve Politika, Palme Yayıncılık |
| Acar, M. Sadık, Uluslararası Reel Ticaret: Teori, Politika, DEÜ Yayınlar, İzmir 2004. |
| Seyidoglu, Halil, Uluslararası İktisat, Teori, Politika ve Uygulama, Güzem Yayınları. |
| Karluk, Rıdvan, Uluslararası Ekonomi, Teori, Politika, Sistem Kurumlar, Meta Yayın, 2009 |
| Paul Krugman, Maurice Obstfeld, Marc Melitz (2016), Uluslararası İktisat: Teori ve Politika, Palme Yayıncılık |
| Program Requirements | Contribution Level | DK1 | DK2 | DK3 | DK4 | DK5 | DK6 | DK7 | DK8 | Measurement Method |
|---|---|---|---|---|---|---|---|---|---|---|
| PY1 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY2 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY3 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY4 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY5 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY6 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY7 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY8 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY9 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY10 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY11 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY12 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY13 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| PY14 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - |
| 0 | 1 | 2 | 3 | 4 | 5 | |
|---|---|---|---|---|---|---|
| Course's Level of contribution | None | Very Low | Low | Fair | High | Very High |
| Method of assessment/evaluation | Written exam | Oral Exams | Assignment/Project | Laboratory work | Presentation/Seminar |
| Event | Quantity | Duration (Hour) | Total Workload (Hour) |
|---|---|---|---|
| Course Hours | 14 | 3 | 42 |
| Preparation, After Class Study | 14 | 2 | 28 |
| Research | 6 | 2 | 12 |
| Other Activities | 4 | 2 | 8 |
| Verbal Expression | 5 | 2 | 10 |
| Visual Presentation | 5 | 2 | 10 |
| Practice | 2 | 1 | 2 |
| Midterm 1 | 1 | 1 | 1 |
| Homework 1 | 1 | 4 | 4 |
| Homework 2 | 1 | 3.5 | 3.5 |
| Final | 1 | 1 | 1 |
| Classroom Activities | 6 | 1 | 6 |
| Total Workload | 127.5 | ||
| ECTS Credit of the Course | 5.0 | ||
