Information Package

ECON447

WORLD TRADE SYSTEM

Course Code
ECON447
Semester
-
Theory+Practice
3 + 0
ECTS
5
Course TypeElective Course
Course LevelBachelor's Degree
Year of Study-
Semester-
ECTS5
Name of Lecturer(s)
Learning Outcomes

At the end of this course, the students;

  1. Understand the reasons for the emergence of economic institutions in the world economy and the structural development of trade
  2. Understand the position of international organizations in world trade
  3. Learn how regional blocks affect world trade.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsECON207,ECON216
Course DescriptionThis course focuses on understanding the functioning of world trade from history to the present.
Course Contents
WEEK TOPICS
1st Week Introduction: World economy
2nd Week Financialization of economies
3rd Week Absolute and comparative advantage
4th Week Critical approaches to theories of international trade
5th Week Foreign trade policy
6th Week International economic organizations
7th Week Midterm
8th Week World Trade Orgnaization
9th Week Trade and balance of payments
10th Week Contemporary Free Trade Agreements
11th Week World Trade System and Regionalization
12th Week Digitalization and e-commerce
13th Week Asian Economies and BRICS
14th Week Turkey Foreign Trade Overview
Recommended or Required ReadingVolkan Özdemir, Yenilenen Dünya Eskimeyen Türkiye: Ekonomik Krizler Politik Çözümler, Destek Yayınları 2019
James Gerber, Uluslararası İktisat (Nihal Tuncer Terregrossa Ed. Çev.) Nobel 2017
Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 40
Attendance 1 10
Total(%) 50
Contribution of In-term Studies to Overall Grade(%) 50
Contribution of Final Examination to Overall Grade(%) 50
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 1 1
Preparation for Quiz 0 0 0
Individual or group work 14 4 56
Preparation for Final exam 1 30 30
Course hours 14 3 42
Preparation for Midterm exam 1 20 20
Laboratory (including preparation) 0 0 0
Final exam 1 1 1
Homework 1 1 1
Total Work Load151
Total Work Load / 30 (h)5.03
ECTS Credit of the Course5
Language of InstructionTurkish
Work Placement(s)No
LO1 LO2 LO3
K1 X
K2
K3 X
K4 X
K5 X
K6
K7
K8 X
K9
K10 X
K11
K12
K13