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) Recognize international trade theories.
2) Recall international trade policies.
3) Explain balance of payments and international monetary system.
4) Evaluate international economy-political structure and current issues.
5) Discuss international economic institutions like IMF, World Bank, WTO.

Program Competencies-Learning Outcomes Relation

		Program Competencies
		1	2	3	4	5	6
Learning Outcomes
	1	High	Middle	High	High	Low	Low
	2	High	Middle	High	High	Middle	Low
	3	High	Middle	High	High	Middle	Low
	4	High	Middle	High	High	Middle	Middle
	5	High	Middle	High	High	Middle	Middle

Mode of Delivery

Face to Face

Prerequisites and Co-Requisites

None

Recommended Optional Programme Components

Not Required

Course Contents

Content and Origin of International Trade Theory Absolute Advantage and the Theory of Comperative Advantage Analysis of Foreign Trade With Opportunity Cost and Indifference 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 International Trade Policy, Objectives and Insturuments Tariffs Other Trade Policy Instuments Liberalization of World Trade

Weekly Schedule

1) Introduction
2) Foreign policy and international economic policy
3) Classical theories of foreign trade
4) Hecksher-Ohlin Model and derivatives
5) New theories
6) Objectives and instruments of foreign trade policy
7) Tariffs and their economic effects
8) Midterm
9) Protectionizm, new protectionizm and liberalization of world trade
10) International economic integrations, Europen Union and other blocs
11) Foreign trade of Turkey
12) Foreign exchange markets
13) Balance of payments and deficits
14) Adjustment mechanisms and policies
15) The role of international economic institutions
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)