Kocaeli University / European Credit Transfer System (ECTS)

Name of Lecturer(s)

Prof. Dr. Yusuf BAYRAKTUTAN
Assistant Prof. Dr. Hanife BIDIRDI

Learning Outcomes of the Course Unit
Program Competencies-Learning Outcomes Relation

Learning Outcomes of the Course Unit

1) Evaluate economic events with an international perspective.
2) Explain the causes and benefits of foreign trade.
3) Clarify foreign trade policy and its effects.
4) Recall the relations of foreign trade with growth.
5) Evaluate global trade mechanism.
6) EvaluateTurkish economy in the world, economic integrations and the EU.
7) Use foreign exchange and related terms.
8) Describe balance of payments, and causes of imbalances.

Program Competencies-Learning Outcomes Relation

		Program Competencies
		1	2	3	4	5	6	7	8	9	10
Learning Outcomes
	1	Low	Low	Low	Middle	Middle	Middle	Low	Middle	Low	Low
	2	Low	Middle	Low	Middle	Low	Middle	Middle	Low	Middle	Low
	3	Low	Middle	Low	Middle	Low	Middle	Middle	Low	Middle	Low
	4	Low	Middle	Middle	Middle	Low	Middle	Middle	Middle	Low	Low
	5	Low	Middle	Middle	Middle	Middle	Low	Middle	Middle	Middle	Low
	6	Low	Middle	Low	Middle	Middle	Middle	Middle	Low	Middle	Low
	7	Low	Low	Middle	Middle	Low	Low	Middle	Middle	Middle	Low
	8	Low	Low	Middle	Middle	Middle	Low	Middle	Middle	Middle	Low

Mode of Delivery

Face to Face

Prerequisites and Co-Requisites

None

Recommended Optional Programme Components

Not Required

Course Contents

This course covers content and origin of ınternational trade theory, absolute advantage and the theory of comperative advantage, analysis of foreign trade with opportunity cost and ındifference curves, analysis of offer curve, the Heckscher-Ohlin model, factor endowment theory, factor-price equalization theory, Stolpher Samuelson, specific factor model; Leontief paradox, new theories of foreign trade, foreign trade and economic growth, ınternational trade policy, objectives and instruments, tariffs, other trade policy instuments, liberalization of world trade; international economic integrations, the Europen Union, foreign trade of Turkey, foreign exchange markets, balance of payments theory, causes of balance of payments deficit, macroeconomic policies in open economies, international economic problems and Turkey.

Weekly Schedule

1) Introduction
2) Classical theories of foreing trade
3) Neoclassical contributions
4) Factoral structure and foreign trade
5) New theories of foreign trade
6) Growth and foreign trade
7) Objectives of foreign trade
8) Exam
9) Instruments of foreign trade policy
10) Globalization and GATT/WTO
11) Economic integration
12) EU
13) International economic relations of Turkiye
14) Foreign exchange and related debates
15) Balance of payments
16) Final exam

Planned Learning Activities and Teaching Methods

1) Lecture
2) Question-Answer
3) Discussion
4) Self Study

Assessment Methods and Criteria

Contribution of Midterm Examination to Course Grade	40%
Contribution of Final Examination to Course Grade	60%
Total	100%

Language of Instruction

Turkish

Work Placement(s)