GLOBALIZATION AND REGIONALIZATION IN ECONOMY

ECO412

Course Code: ECO412
Semester: -
Theory+Practice: 3 + 0
ECTS: 5

Course Type

Elective Course

Course Level

Bachelor's Degree

Year of Study

Semester

ECTS

Name of Lecturer(s)

Learning Outcomes

At the end of this course, the students;

Explain the core concepts of globalization, regionalization, and international trade using historical and contemporary examples.
Analyze the economic and income distribution effects of trade policy instruments, including tariffs, non-tariff measures, and free trade.
Critically evaluate international trade agreements, trade policy debates, and trade policies in developing countries from an economic and political economy perspective.
Compare old and new trade blocs.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

ECO 311 - INTERNATIONAL ECONOMICS-I

Course Description

The objective of this course is to examine international trade and trade policy within the broader context of globalization and regionalization. The course analyzes trade policy instruments, international trade agreements, and contemporary trade policy debates with particular attention to income distribution and development. It also aims to equip students with the ability to critically evaluate old and new trade blocs using economic and political economy perspectives.

Course Contents

WEEK	TOPICS
1^st Week	Foundations of Globalization and Trade
2^nd Week	Regionalization: An Empirical Perspective Using the Gravity Model
3^rd Week	Import Tariffs under Perfect Competition
4^th Week	Import Tariffs under Imperfect Competition
5^th Week	Non-Tariff Trade Policy Instruments
6^th Week	Free Trade, Arguments Against Free Trade, and Income Distribution
7^th Week	Midterm Exam
8^th Week	International Trade Negotiations and Trade Policy
9^th Week	Multilateral Trade Agreements
10^th Week	Regional Trade Agreements
11^th Week	Controversies in Trade Policy
12^th Week	Trade, Environment, and International Agreements
13^th Week	Old Trade Blocs
14^th Week	New Trade Blocs

Recommended or Required Reading

"International Economic", Robert C. Feenstra & Alan M. Taylor
"International Economics: Theory and Policy", Paul Krugman, Maurice Obstfeld & Marc Melitz
"The Great Convergence", Richard Baldwin
"Straight Talk on Trade", Dani Rodrik
For Gravity Application: https://ideas.repec.org/p/drx/wpaper/202519.html

Planned Learning Activities and Teaching Methods

Lecture
Discussion
Presentation

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	40
Quiz	1	20
Other	1	40
Total(%)		100
Contribution of In-term Studies to Overall Grade(%)		100
Contribution of Final Examination to Overall Grade(%)		0
Total(%)		100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Midterm exam	1	1	1
Preparation for Quiz	2	6	12
Individual or group work	14	3	42
Preparation for Final exam	0	0	0
Course hours	14	3	42
Preparation for Midterm exam	1	22	22
Laboratory (including preparation)	0	0	0
Final exam	0	0	0
Homework	0	0	0
Presentation (including preperation)	1	23	23
Total Work Load			142
Total Work Load / 30 (h)			4.73
ECTS Credit of the Course			5

Language of Instruction

English

Work Placement(s)

Programme Qualifications / Learning Outcomes

	LO1	LO2	LO3	LO4
K1				X
K2				X
K3			X
K4
K5
K6
K7	X
K8		X
K9				X
K10
K11				X
K12
K13		X