COURSE UNIT TITLE

: INTERNATIONAL ECONOMICS I

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
IKT 4031 INTERNATIONAL ECONOMICS I COMPULSORY 3 0 0 5

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR MEHMET ÇETIN

Offered to

Economics
Economics (Evening)

Course Objective

This course covers analysing economy s international dimension in real perspective, examining the reasons of trade, evaluating Türkiye s foreign trade structure and its developments.

Learning Outcomes of the Course Unit

1   To be able to distinguish international economics in general economics and as a different area of specialization.
2   To be able to explain reasons for international trade.
3   To be able to explain different theoretical approaches over international trade by underlining their assumptions and fundamentals.
4   To be able to distinguish inter industry trade from intra industry trade.
5   To be able to evaluate the limitations of traditional theories in changing world trading system.
6   To be able to discuss the contributions of new trade theories.
7   To be able to criticize the world trading system and the role of underdeveloped countries by considering theories as to the interaction between trade and growth.
8   To be able to analyze Türkiye s foreign trade structure and its development in world trading system.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 International Economics as an Extension of Economics: Why Do Countries Trade
2 Historical Background for International Trade Theories: The Mercantilism and Physiocracy
3 Classical Trade Theories: Arguments for Free Trade and Assumptions of the Theories
4 Classical Trade Theories: Absolute Advantages, Comparative Advantages, and International Values Theory
5 Neo- Classical Trade Theories: Offer Curves and Terms of Trade
6 Neo- Classical Trade Theories:Oportunity Cost and Gains from Trade
7 Neo- Classical Trade Theories: Factor Endowments Theorem
8 New and New-New Trade Theories: Explanation of Foreign Trade Based on Imperfect Competition Market Structure (Industry and Firm Based Foreign Trade Models)
9 Economies of Scale and Foreign Trade; External Economies of Scale
10 Economies of Scale and Foreign Trade: Internal Economies of Scale
11 Non-price Factors and Foreign Trade
12 Relations between Foreign Trade and Economic Growth: Johnson's Model: Consumption-Production and Growth, Bhagwati's Immiserizing Growth
13 Evaluating Türkiye's Foreign Trade by considering International Trade Theories:Türkiye's Intra-Industry and Inter-Industry Foreign Trade Structure
14 Türkiye's Comparative Advantage/Competitiveness Structure

Recomended or Required Reading

Main References
- Acar, M. Sadık, Uluslararası Reel Ticaret: Teori, Politika, DEÜ Yayınlar, Izmir 2004.
- Ünsal, Erdal, Uluslararası Iktisat, Açık Makro Iktisat, Teori ve Politika, Imaj Yay. 2005
- Seyidoglu, Halil, Uluslararası Iktisat, Teori, Politika ve Uygulama, Güzem Yayınları
- Karluk, Rıdvan, Uluslararası Ekonomi, Teori, Politika, Sistem Kurumlar, Meta Yayın, 2009.
- Seymen, Dilek, Türkiye nin Dış Ticaret Yapısı ve Rekabet Gücü, DEÜ Yayını, Izmir 2009.
Other References
-Kindlebreger, Charles P., International Economics, Richard D. Irwin, Inc. Homewood, Illinois, 1968.
- Krugman, P.R., M. Obstfeld, International Economics, Theory and Policy, Second Edition, harper Collins Publishers, 1991,
- Sodersten, Bo, Geoffrey Reed, International Economics, Third Edition, Macmillan,, 1994.
- Salvatore,Dominik, International Economics, Macmillian,1983.

Planned Learning Activities and Teaching Methods

The course is designed on a lecture and case/issue discussion basis. The students are expected to continue all sessions and prepare for the discussions by pre-reading the suggested references.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 MTEG MIDTERM GRADE MTEG * 1
3 FIN FINAL EXAM
4 FCGR FINAL COURSE GRADE MTEG * 0.40 + FIN * 0.60
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTEG * 0.40 + RST * 0.60


Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 12 3 36
Preparation for midterm exam 1 10 10
Preparation for final exam 1 12 12
Reading 10 3 30
Midterm 1 1 1
Final 1 1 1
TOTAL WORKLOAD (hours) 132

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9
LO.11111
LO.2111
LO.311
LO.41111
LO.51111
LO.611
LO.711
LO.811

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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