Explain and interpret international trade theories using basic economic analysis methods.
Explain and interpret the relationships between foreign trade, economic growth and distribution (the share of production factors attributed foreign trade) within the framework of the learned theoretical content.
Mode of Delivery
Face to face
Prerequisites
Yes(TBF111 TBF112)
Recommended Optional Programme Components
None
Course Description
In this course, the basic concepts of international economics are explained and explained from a theoretical perspective. By using international trade theories, foreign trade relations and foreign trade patterns between countries and the direct and indirect effects of foreign trade on growth and distribution are explained using basic economic analysis methods.
Course Contents
WEEK
TOPICS
1st Week
Course description and general framework
2nd Week
Basic concepts of international economy
3rd Week
Overview of the global trade pattern
4th Week
Labor productivity and comparative advantage
5th Week
Specific factors and income distribution
6th Week
Factor Endowment Model
7th Week
Factor Endowment Model
8th Week
Midterm exam
9th Week
Standard trading model
10th Week
External economies of scale
11th Week
International position of production
12th Week
Firms in global economies
13th Week
Export decisions, outsourcing and multinational enterprises
14th Week
Review
Recommended or Required Reading
Krugman, Obstfeld ve Melitz (2016), Uluslararası İktisat: Teori ve Politika, Palme Yayıncılık.
Planned Learning Activities and Teaching Methods
Lecture
Assessment Methods and Criteria
Quantity
Percentage (%)
Mid-term
1
40
Total(%)
40
Contribution of In-term Studies to Overall Grade(%)
40
Contribution of Final Examination to Overall Grade(%)
