Ders Planı

Lesson Information

Course Credit	3.0
Course ECTS Credit	7.0
Teaching Language of Instruction	İngilizce
Level of Course	Bachelor's Degree, TYYÇ: Level 6, EQF-LLL: Level 6, QF-EHEA: First Cycle
Type of Course	Compulsory
Mode of Delivery	Face-to-face
Does the course require compulsory or optional work experience?	Z
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Purpose and Content

The aim of the course	The purpose of this course is to help students understand the basics of international trade and the effects of various international economic policies on domestic and world welfare.
Course Content	The course highlights sources of comparative advantages, gains and losses from trade, the impact of trade on economic growth, and effects of trade policy interventions such as tariffs, quotas, voluntary export restraints, and export subsidies.

Learning Outcomes

Analyse the basic concepts of economics.
Comprehend the production factors and the relationships among production factors.
Analyze the effects of international trade on production factors, supply and demand.
Determine the production, sales, marketing, international trade and financial strategies according to national economic data.
Manage the international trade risks of national or international companies.
Use the basic theories and norms that manage international trade and finance.
Develop strategies in national and international economy, foreign trade and finance.
Work on applications of risk that is significant for the firms.
Develop strategies for the sector in the international trade.
Synthesize the knowledge gathered from international trade education, business life and own life.
Determine own learning needs due to the critical and analytic thinking skills acquired.
Gain the skill to move own education to more advanced level.
Prepare scientific research that may lead to national or internationel level economics politics.
Develop business that is related with international trade in local, national or international levels.
Use economic theories to solve current economic problems.
Become present in occupational, local and global networks in relation with international trade and can use these networks effectively.
Work on risk estimation and prevention.
Make research and works on the subjects related with the field.
Take convenient responsibility as a project maker or a participant towards project aims.
Determine aim and target for organization/institution.
Determine methods for the risk factors and the best interests of the firm.
Critically assess the acquired knowledge and skills.
Show that he/she understands the continuity of learning need.
Use the theoritical gains derived by the training process into the practical matters.
Develop strategies for the company when taken part in the decision-making process and forward-looking strategies.
Transfer own suggestions and ideas that are obtained in relation with the field and that are in the level of knowledge and skills to releavant people in a written and oral way.
Communicate effectively with the stakeholders in the occupational field.
Use information and communication technologies with the computer software that are in line with the Europe Advanced Level Computer Usage Licence and that are at least required by the field.
Communicate with the collegues and monitors the knowledge in own field by using a foreign language at least in the level of Europe Language Portfolio B1 General Level.
Behave in accordance with organizational/institutional, business and social ethiccal values.
Analyze and effectively administers the organization's/institution's relationships with its stakeholders.
Gain the ability to encourage innovation.
Show critical approaches in relation with the organization/institution.
Have enough consciousness about the subjects of the universality of the social rights, social justice, quality and cultural values, as well as protecting environment, work health and safety.

Weekly Course Subjects

1	Meeting thelecturer and allocation introduction to International Economics,
2	Mercantilists vs. Adam Smith with absolute advantage, Ricardian model of international trade,
3	Heckscher-Ohlin-Vanek model of inter-industry trade,
4	The basic gravity of the model by Poyhonen and Tinbergen,
5	Internationalisation of Financial Markets: Demise of B-W
6	Elasticity Approach to the Balance of Payments
7	Absorption Approach to the BoP
8	Monetary Approach to the BoP, Purchasing Power Parity (PPP)
9	Mid-term exam
10	Mundell-Fleming Model and thederivation of the BP Curve
11	TheMonetaryApproachto Exchange Rate Determination The Portfolio Balance Model; Comparison of FX, OMO, SFXO
12	Exchange Rates and Efficient Market Hypothesis; International borrowing and lending,
13	Foreign direct investment and multinational firm,
14	Review of the course

Resources

* Paul KRUGMAN, Maurice OBSTFELD, International Economics: Theory and Policy, PEARSON, Addison-Wesley, 9th edition, Boston, 2009.

* Dominick SALVATORE, 10th edition. International Economics: Trade and Finance, John WILEY and Sons, Inc., USA, 2011.

KeithPilbeam, International Finance, London: MacMillan
Dunn and Mutti (2000), International Economics, 5th Edition, London:Routledge
Paul Krugman and Obstfeld Maurice (1991), International Economics, New York: HarperCollinsPublishers
Kenen P (2000), The International Economy, 4th Edition, Cambridge: CUP
Yarbrough, B and Yarbrough R (2000), The World Economy, Trade and Finance, 5th Edition, London: Harcourt
Halil Seyidoglu (1993), Uluslararası İktisat, Güzem Yay.,Istanbul

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Lesson Information

Purpose and Content

Learning Outcomes

Weekly Course Subjects

Resources

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