| Course Unit Title | Course Unit Code | Type of Course Unit | Level of Course Unit | Year of Study | Semester | ECTS Credits |
|---|---|---|---|---|---|---|
| Foreign Trade Theory | IGI115 | Compulsory | Master's degree | 1 | Fall | 6 |
Name of Lecturer(s)
Prof. Dr. Yusuf BAYRAKTUTAN
Prof. Dr. Selçuk KOÇ
Learning Outcomes of the Course Unit
1) Explaining international trade thanks to theoretical background.
2) Identifying classical theories and neoclassical contributions.
3) Discussing the importance and effects of factor endowment.
4) Explaining the new theories of foreign trade.
5) Analyzing the relationship between growth and foreign trade.
Program Competencies-Learning Outcomes Relation
| Program Competencies | ||||
| 1 | 2 | 3 | ||
| Learning Outcomes | ||||
| 1 | Middle | Middle | Middle | |
| 2 | High | Middle | High | |
| 3 | High | High | High | |
| 4 | Middle | Middle | Middle | |
| 5 | High | High | High | |
Mode of Delivery
Face to Face
Prerequisites and Co-Requisites
None
Recommended Optional Programme Components
Not Required
Course Contents
This course equips candidates with in-depth knowledge on origins and evolution of foreign trade theories, classical theories, neo-classical contrubutions, Heckscher-Ohlin Model and its derivatives, new theories.
Weekly Schedule
1) Introduction2) International Economics and Foreign Trade
3) Origins of International Trade Theory
4) Classical Theories (absulate and comperative advantages)
5) Critics of Ricardian Model
6) Neo-classical Countributions
7) Opportunity Cost, Transformation, and Indifference Curves
8) Midterm Exam
9) Analysis of Offer Curve
10) The Heckscher-Ohlin-Samuelson Model and Its Derivatives
11) Ampirical Analysis and Leontief Paradox
12) New Theories
13) Current Theories of Foreign Trade (imperfect competition and intra-industry trade theories)
14) Transportation, Environment and Foreign Trade
15) Growth and Foreign Trade and Immiserizing Growth
16) Final Exam
Recommended or Required Reading
1- Prof. Dr. Yusuf Bayraktutan, Uluslararası İktisat, vb
Planned Learning Activities and Teaching Methods
1) Lecture
2) Question-Answer
3) Discussion
4) Demonstration
5) Group Study
Assessment Methods and Criteria
Contribution of Semester Studies to Course Grade |
40% |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Contribution of Final Examination to Course Grade |
60% |
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Total | 100% | |||||||||||
Language of Instruction
Turkish
Work Placement(s)
Not Required