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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS ECN 5019 INTERNATIONAL TRADE: POLICY AND APPLICATIONS ELECTIVE 3 0 0 6

Offered By

Economics (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR BURÇAK MÜGE VURAL

Offered to

Economics (English)

Course Objective

The aim of the course is to provide students a theoretical base to understand the basic international economic relations among nations.

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 simple partial and general equilibrium analyses of trade policy tools diagrammatically and algebraically. 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 Standart Theory of International Trade 4 Demand and Supply, Offer Curves 5 Factor Endowments, Heckscher-Ohlin Theory 6 Economics of Scale, Imperfect Competition and International Trade 7 Midterm 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.

Planned Learning Activities and Teaching Methods

1. Lectures 2. Presentations

Assessment Methods

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

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 understand the rationale behind international trade policies. 4. The learner will express his/her views on international trade policies of countries in an organized framework.

Language of Instruction

English

Course Policies and Rules

1. It is obligatory to attend 70% of classes.

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 13 3 39 Tutorials 6 2 12 Preparations before/after weekly lectures 13 2 26 Preparation for midterm exam 1 15 15 Preparation for final exam 1 20 20 Preparing assignments 1 16 16 Preparing presentations 1 10 10 Midterm 1 2 2 Final 1 2 2 TOTAL WORKLOAD (hours) 142

Contribution of Learning Outcomes to Programme Outcomes

PO/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 PO.9 PO.10 LO.1 5 3 2 LO.2 5 4 2 LO.3 4 5 LO.4 3 3 2 2 4 LO.5 4 4 5