COURSE UNIT TITLE

: NEW APPROACHES IN FOREIGN TRADE THEORY

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
IKT 5087 NEW APPROACHES IN FOREIGN TRADE THEORY ELECTIVE 3 0 0 6

Offered By

Economics

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

ASSOCIATE PROFESSOR AYÇIL YÜCER ARIKAN

Offered to

Economics

Course Objective

Also the competitive advantages theory of Ricardo and the theory of Heckscher-Ohlin-Samuelson (H-O-S) expresses that the less similar the countries, the more they do foreign trade, the large proportion of world trade occur not between developped and developing countries but between inter developped countries. Although too many pioneer studies were done to explain this situation and new facts like this, this studies was not shown sufficient interest until 1980s, and analitical instruments that can be compared with traditional trade thoeries was obtained. In this course, the theories and models which tries to explain the new facts observed in foreign trade will be analyzed and the measurement methods of intra-industry and inter-industry will be introduced to provide basis for this theoritical explanations.

Learning Outcomes of the Course Unit

1   To be able to learn why the countries do foreign trade.
2   To be able to understand the sharing of the welfare gained from foreign trade.
3   To be able to comprehend the effect of different market structures to foreign trade.
4   To be able to learn the new approaches in foreign trade theory.
5   To be able to gain ability about the measurement methods of inter industry and intra industry foreign trade.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Metodology of Economics and Evaluation of Foreign Trade Theories in the concept of Economic methodology
2 Trade Volume and Structure: Theory of Comparative Advantages, Related Subjects, Empirical Test of the Ricardo Model
3 Trade Volume and Structure: Theory of Heckscher-Ohlin-Samuelson, Realted Subjects, Empirical Test of the Heckshcher-Ohlin-Samuelson Model
4 Trade Volume and Structure: Theory of Heckscher-Ohlin-Samuelson, Realted Subjects, Empirical Test of the Heckshcher-Ohlin-Samuelson Model
5 Human Capital Model (Kravis), Qualified Labor Model (Keesing), Re-De Modeli (Gruber, Mehta and Vernon; Keesing) and Models of Scale Economies (Dreze Model), Merchandise Life Cycle Model (Vernon) and Preferences Similarity Model
6 Theory of Factor Ratios and Intra Industry Trade (Homojen Goods and Differentiated Goods)
7 Competative Markets: New Heckscher-Ohlin, New Chamberlin and New Hotelling Models
8 Models of Competative Markets
9 Mid Exam
10 Oligopoloy Markets
11 Homojen Goods and Differentiated Goods
12 Multinational and Multi Product Company Models
13 Measurement Methods of Inter Industry Trade and Intra Industry Foreign Trade
14 Relationship Between Foreign Trade and Geography, Environment and Energy

Recomended or Required Reading

Main References:
- ŞIMŞEK, Nevzat (2008); Türkiye nin Endüstri-içi Dış Ticaretinin Analizi, Beta Yayınları, Ankara.
Supplementary Reference:
- ACAR, Sadık (2000); Uluslararası Reel Ticaret: Teori, Politika, Dokuz Eylül Üniversitesi Yayınları, Izmir.
- BORKAKOTI, Jitendraral (1998); International Trade: Causes and Consequences, An Empirical and Theoretical Text, Macmillan Press Ltd., Houndmills, Basingstoke, Hampshire RG21 6XS, London.
- GRIMWADE, Nigel (1989); International Trade: New Patterns of Trade, Production and Investment, Rothledge, London and New York.
- GRUBEL, Herbert G. ve Peter J. LLOYD (1975); Intra-Industry Trade: The Theory and Measurement of International Trade in Differentiated Products, John Willey, New York.
- HELPMAN, Elhanan (1990); Monopolistic Competition in Trade Theory, Special Papers in International Finance No:16, New Jersey.

Planned Learning Activities and Teaching Methods

The attempts to explain the factors which were not taken into account in traditional theories which is about why do the countries tend to foreign trade and especially observed emprically in 1960s a country that exports and imports goods in the same industries simultaneously instead of specializating in particular goods or group of goods bring out a theoritical new accumulation. The course is taught through verbal expressions and examination of quantitive datas.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.20 + STT* 0.40 + FIN* 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.20 + STT * 0.40 + RST* 0.40


Further Notes About Assessment Methods

None

Assessment Criteria

A written document containing the above-mentioned learning outcomes and presentations, the course through oral discussions, practical evaluation of the results discussed within the group.

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

hakan.kahyaoglu@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Giving the Lecture 13 3 39
Before/After Lecture Preperation Process 13 2 26
Preperation for the mid exam 1 15 15
Preperation for the final exam 1 20 20
Other (Reading) 1 13 13
Preparing assignments 1 25 25
Final Exam 1 3 3
Mid Exam1 1 3 3
TOTAL WORKLOAD (hours) 144

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9
LO.15555555
LO.25555555
LO.35555555
LO.45555555
LO.55555555

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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