Course Information

Course Information
Course Title Code Language Type Semester L+U Hour Credits ECTS
International Economics I ECON401 Turkish Compulsory 7. Semester 3 + 0 3.0 5.0
Prerequisite Courses
Course Level Undergraduate
Mode of delivery Face to face.
Course Coordinator
Instructor(s)
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
# Öğrenme Kazanımı
0 To be able to distinguish the place of international economics in general economics and its difference from other fields as a separate specialization
1 To be able to reveal the reasons for international trade.
2 To be able to analyze the theories explaining international trade comparatively.
3 To be able to distinguish the different structures of inter-industry and intra-industry trade.
4 Evaluate the limitations of traditional theories in a changing world trade system
5 To be able to discuss the contributions of new theories of foreign trade.
6 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.
7 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.
Lesson Plan (Weekly Topics)
Week Topics/Applications Method
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
*Midterm and final exam dates are not specified in the 14-week course operation plan. Midterm and final exam dates are held on the dates specified in the academic calendar with the decision of the University Senate.
The Matrix for Course & Program Learning Outcomes
No Program Requirements Level of Contribution
1 2 3 4 5
1 Know the basic concepts of economics at an advanced level; can abstract the economic decision-making units in households, firms, government agencies, and predict the results of their decision-making mechanisms in different market and competition conditions.
2 Understand the objectives of economies such as growth, employment, productivity, sustainability; may propose solutions to problems such as unemployment, contraction, inflation, high interest rates and similar problems.
3 Capable to make sense of the international interactions of national economies with an international economic perspective.
4 Have knowledge about the historical development of the world economy and its current structure, understand the working process of different economic systems.
5 Can combine economic theory with mathematical, statistical and econometric skills to analyze concrete situations; are experienced in economic data collection and analysis methods by utilyzing technology.
6 Analyze the different sectors of the economy such as agriculture, industry and services through the Production Factors such as Labor, Capital, Natural Resource, Information and Entrepreneurship and evaluate the country economies.
7 Know the current status, historical background, the strengths and weaknesses of Turkish economy in macro and micro scale; can propose solutions, make theoretical and applied studies in this direction as individuals and teams.
8 Know the relations of economics as a social science with other sciences especially with politics, business administration, law, history, mathematics and engineering; reflect the theoretical knowledge in practice and have collaborative working culture.
9 Have the consciousness of lifelong learning, use the education to keep knowledge updated and contribute to the business life.
10 Have the cultural consciousness, know their own history, develop awareness of working with different cultures, respect individual, social and cultural rights.
11 Behave in accordance with ethical values in their works, have the ability of questioning, free thinking with no prejudices.
12 Have the consciousness of fulfilling the given tasks at the right time. In this process, utilize in maximum written, visual, audio sources and information-communication technologies.
13 Have the experience and ability to explain what they learn in written, oral and visual manner.
14 Use the Turkish and English language properly and effectively, and pursue professional readings in double language.
Relations with Education Attainment Program Course Competencies
Program Requirements DK1 DK2 DK3 DK4 DK5 DK6 DK7 DK8
PY1 5 5 5 5 5 5 5 5
PY2 4 4 4 4 4 4 4 4
PY3 5 5 5 5 5 5 5 5
PY4 5 5 5 5 5 5 5 5
PY5 4 4 4 4 4 4 4 4
PY6 5 5 5 5 5 5 5 5
PY7 4 4 4 4 4 4 4 4
PY8 3 3 3 3 3 3 3 3
PY9 4 4 4 4 4 4 4 4
PY10 4 4 4 4 4 4 4 4
PY11 4 4 4 4 4 4 4 4
PY12 5 5 5 5 5 5 5 5
PY13 4 4 4 4 4 4 4 4
PY14 3 3 3 3 3 3 3 3
Recommended Sources
Ders Kitabı veya Notu Ders Kitabı veya Ders Notu bulunmamaktadır.
Diğer Kaynaklar
  • 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
ECTS credits and course workload
ECTS credits and course workload Quantity Duration (Hour) Total Workload (Hour)
Ders İçi
Class Hours 14 3 42
Ders Dışı
Preparation, After Class Study 14 2 28
Research 6 2 12
Interview 5 2 10
Presentation (Preparation) 5 2 10
Practice 2 1 2
Other Activities 4 2 8
Sınavlar
Midterm 1 1 1
Homework 1 4 4
Homework Preparation 1 3.5 3.5
Final 1 1 1
Classroom Activities 6 1 6
Total Workload 127.5
*AKTS = (Total Workload) / 25,5 ECTS Credit of the Course 5.0