Dokuz Eylül University Information Package / Courses Catalog

Description of Individual Course Units

Course Unit Code	Course Unit Title	Type Of Course	D	U	L	ECTS
ERA 4301	INTERNATIONAL TRADE: THEORY AND POLICY	ELECTIVE	3	0	0	6

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR AYŞE DILEK SEYMEN

Offered to

Economics
Economics

Course Objective

This course covers the microeconomics foundations of international trade, trade policies and international trade policy negotiations.

Learning Outcomes of the Course Unit

1	To be able to explain differences between international trade and domestic trade.
2	To be able to explain reasons for trade.
3	To be able to explain different theoretical approaches over foreign trade by underlining their assumptions and fundamentals.
4	To be able to develop talents in understanding the gains and losses from trade, comparing different theories.
5	To be able to evaluate the theoretical framework of international trade policy.
6	To be able to evaluate interaction between economic growth and foreign trade.
7	To be able to explain basic knowledge for the assessment of daily economic affairs between countries.
8	To be able to discuss and evaluate topics on world trading system and globalization.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week	Subject	Description
1	International Economics as an Extension of Economics: What is International Trade Why Do Countries Trade
2	Historical Background for International Trade Theories: The Mercantilism and Physiocracy
3	Classical Trade Theories: Arguments for Free Trade and Assumptions of the Theories
4	Classical Trade Theories: A. Smith, D. Ricardo and J. S. Mill
5	Neo- Classical Trade Theories: Offer Curves and Terms of Trade
6	Neo- Classical Trade Theories: General Equilibrium in Open and Closed Economies and Gains from Trade
7	Neo- Classical Trade Theories: Heckscher-Ohlin Theorem: Factor Endowments Inter-Industry Trade versus Intra-Industry Trade
8	Mid-term Exam
9	Mid-term Exam
10	New Models in International Trade: Imperfect Competition and Economies of Scale, Monopolistic Competition and Product Differentiation
11	New Models in International Trade: Oligopoly and Strategic Trade Policy, R&D and International Trade
12	Free Trade versus Protectionism, Traditional Protectionism and New Protectionism, Arguments for Protection, Instruments of Trade Policy: Tariffs and Non-Tariff Barriers
13	Relations between Foreign Trade and Economic Growth
14	Evaluating Countries Trade Policies in Practice

Recomended or Required Reading

Main References
* KRUGMAN, Paul R., Maurice Obstfeld, International Economics, Theory and Policy, Second Edition, Harper Collins Publishers, 1991.
* SÖDERSTEN, Bo, Geoffrey Reed, International Economics, Third Edition, Macmillan,, 1994.
* BRENTON, Paul, Henry Scott, Peter Sinclair International Trade, A European Text, Oxford University Press, 1997.
* CHACHOLIADES, Miltiades International Economics, McGraw-Hill International Editions, New York 1990.
* CAVES, Richard E., Jeffrey A. Frankel, Ronald W.Jones World Trade and Payments, An Introduction, Harper Collins Publishers, Newyork 1990.
Other References
CORDEN, W.Max, Trade Policy and Economic Welfare, Second Edition, Clerandon Press, Oxford 1998.
*HABERLER, Gottfried Von, Theory of International Trade, William Hodge and Company Ltd, London 1953.
* KINDLEBERGER, Charles P. International Economics, Richard D. Irwin, Inc,1968.

Planned Learning Activities and Teaching Methods

The course is designed on a lecture and case/issue discussion basis. The students are expected to continue all sessions and prepare for the discussions.

Assessment Methods

SORTING NUMBER	SHORT CODE	LONG CODE	FORMULA
1	MTE	MIDTERM EXAM
2	MTEG	MIDTERM GRADE	MTEG * 1
3	FIN	FINAL EXAM
4	FCGR	FINAL COURSE GRADE	MTEG * 0.40 + FIN * 0.60
5	RST	RESIT
6	FCGR	FINAL COURSE GRADE (RESIT)	MTEG * 0.40 + RST * 0.60

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

English

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities	Number	Time (hours)	Total Work Load (hours)
Lectures	12	3	36
Reading	10	4	40
Preparations before/after weekly lectures	12	1	12
Preparing presentations	1	14	14
Preparation for midterm exam	1	15	15
Preparation for final exam	1	20	20
Midterm	1	1	1
Final	1	1	1
TOTAL WORKLOAD (hours)			139

Contribution of Learning Outcomes to Programme Outcomes

PO/LO	PO.1	PO.2	PO.3	PO.4	PO.5	PO.6	PO.7	PO.8	PO.9
LO.1	1	1	1
LO.2	1	1	1		1
LO.3	1	1	1	1
LO.4	1	1	1	1		1
LO.5	1			1
LO.6	1			1	1	1
LO.7	1						1	1	1
LO.8	1						1	1	1

COURSE UNIT TITLE

DEGREE PROGRAMMES

Description of Individual Course Units

Offered By

Level of Course Unit

Course Coordinator

Offered to

Course Objective

Learning Outcomes of the Course Unit

Mode of Delivery

Prerequisites and Co-requisites

Recomended Optional Programme Components

Course Contents

Recomended or Required Reading

Planned Learning Activities and Teaching Methods

Assessment Methods

Further Notes About Assessment Methods

Assessment Criteria

Language of Instruction

Course Policies and Rules

Contact Details for the Lecturer(s)

Office Hours

Work Placement(s)

Workload Calculation

Contribution of Learning Outcomes to Programme Outcomes

CONTACT INFORMATION