COURSE UNIT TITLE

: INTERNATIONAL TRADE THEORY AND POLICY

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECN 6054 INTERNATIONAL TRADE THEORY AND POLICY ELECTIVE 3 0 0 9

Offered By

Economics (English)

Level of Course Unit

Third Cycle Programmes (Doctorate Degree)

Course Coordinator

PROFESSOR DOCTOR PINAR NARIN EMIRHAN

Offered to

Economics (English)

Course Objective

This course covers topics at the frontier of international trade research, placing an emphasis on theory. Positive theory of international trade, imperfect competititon, product differentiation, economies of scale and monopolistic competition, uncertainity in trade models, testing models and predicting trade flows, income and price effects. Applications of strategic trade and industrial policy, limits of financial liberalization, exchange rate volatility and effects, macro economic and monetary coordination and cooperation, currency zones, economic and monetary union, short term and long term capital movements, debt management, current issues in the international trading system and the international monetary system.

Learning Outcomes of the Course Unit

1   Demonstrate understanding of the causes, patterns and consequences of international trade according to various trade models so that he/she will be able to analyze current international trade trends.
2   Identify the methods of government intervention into international trade by studying diversified trade policies and the rational for these policies in order to evaluate their effects on domestic and world welfare.
3   Demonstrate the ability to conduct advanced algebraic analysis of trade policy tools.
4   Develop structured opinions on ongoing debates in international trade and be able to communicate these opinions orally.
5   Communicate effectively and clearly in written and oral format.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction
2 The Law of Comparative Advantage
3 The Standard Theory of International Trade
4 Demand and Supply, Offer Curves
5 Factor Endowments, Hecksher-Ohlin Theory
6 Economics of Scale, Imperfect Competition and International Trade
7 Trade Restrictions: Tariffs
8 Trade Restrictions: Tariffs
9 Non-tariff Trade Barriers and the New Protectionism
10 The Theory of Economic Integrations
11 Presentations
12 Presentations
13 Presentations
14 General Overview

Recomended or Required Reading

1. Appleyard, D.R., A.J. Field and S.L. Cobb (2006), International Economics, Fifth Edition, McGraw-Hill, New York.
2. Various articles

Planned Learning Activities and Teaching Methods

1. Lectures
2. Discussions
3. Presentations

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 * 0.35 + STT * 0.25 + FIN* 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.35 + STT * 0.25 + RST* 0.40


Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly define international trade theories.
2. The learner will understand the structure and pattern of current international trade patterns of nations.
3. The learner will express his/her views on international trade policies of countries in an organized manner.
4. The learner will suggest international trade policies.

In this course, in addition to the face-to-face classical midterm and final exams, students are required to prepare two assignments and make two presentations. In the assignments, students will be expected to evaluate the validity of foreign trade theories in the real world by giving concrete examples. In presentations, students will be expected to evaluate foreign trade theories using statistical data for selected countries or groups of countries.

Language of Instruction

English

Course Policies and Rules

It is obligatory to attend at least 70% of the classes.

Contact Details for the Lecturer(s)

pinar.emirhan@deu.edu.tr

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Tutorials 13 1 13
Preparation for midterm exam 1 26 26
Preparation for final exam 1 30 30
Preparing assignments 2 24 48
Preparing presentations 2 24 48
Midterm 1 3 3
Final 1 3 3
TOTAL WORKLOAD (hours) 213

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.1355
LO.2455
LO.335
LO.4344
LO.5445

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