COURSE UNIT TITLE

: THEORY OF INTERNATIONAL TRADE

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
IKT 6027 THEORY OF INTERNATIONAL TRADE ELECTIVE 3 0 0 7

Offered By

Economics

Level of Course Unit

Third Cycle Programmes (Doctorate Degree)

Course Coordinator

PROFESSOR AYŞE DILEK SEYMEN

Offered to

Economics

Course Objective

It is aimed for students to learn the international real trade theory thanks to original papers.

Learning Outcomes of the Course Unit

1   To be able to discuss the reasons for trade.
2   To be able to know original papers on international trade theory.
3   To be able to analyze different theoretical approaches over foreign trade by underlining their assumptions and fundamentals.
4   To be able to analyze the wealth effects of international trade.
5   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 Introduction and Discussion on The Method of The Course
2 Pure Trade Theory and Its Place in International Economics
3 Ricardo and Comparative Advantages
4 Differences between Comparative Advantages and Absolute Advantages
5 Gains from Trade: Analysis via Production Possibilities Frontier, Offer Curves and Social Indifference Curve
6 Expansions from The Theory of Comparative Advantages: Models with more than two countries and two commodities, Addition of Wage Rates and Transportation Costs
7 Non-tradable Goods
8 Heckscher-Ohlin Theory: Physically and Economic Definition of Factor Abundance
9 Heckscher-Ohlin Theory (continues) (Midterm exam will be held in this week except the course hour)
10 Equalization of Factor Prices: H-O-Samuelson Theorem, Stolper Samuelson Theorem, Rybczynski Theorem
11 Empirical Validity of H-O Model
12 Model of Specific Factors: Structure of The Model, Changes in Relative Prices and Factor Endowment
13 Alternative Trade Theories: Economies of Scale and International Trade
14 Monopolistic Competition and International Trade, Inter-Industry Trade

Recomended or Required Reading

Main Sources:
KRUGMAN, Paul R., Maurice OBSTFELD, International Economics, Theory and Policy, Pearson, Ninth Edition, 2012.
BHAGWATI, Jagdish N., Arvind PANAGARIYA, T.N.SRINIVASAN, Lectures on International Trade, The MIT Press, Massachusetts 1998.
YILMAZ, Şiir Erkök, Dış Ticaret Kuramlarının Evrimi, Efil Yayınevi, 2010.
Other Refrences:
BHAGWATI, Jagdish N., Writings on International Economics, edt. V.N.Balasubramanyam, Oxford University Press, Oxford, 1988.
CHACHOLIADES, Miltiades, International Economics, McGraw-Hill International Editions, New York 1990.
KINDLEBERGER, Charles P., International Economics, Richard D. Irwin, Inc,1968.
SALVATORE, Dominik, International Economics, Macmillian, 1983.
STALEY, Charles E, International Economics, Prentice-Hall. New Jersey, 1970.

Planned Learning Activities and Teaching Methods

Giving lecture, students'presentations, and discussions.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.20 + FIN* 0.50
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.20 + RST* 0.50


Further Notes About Assessment Methods

Students presentations and arguing given research projects.

Assessment Criteria

Students performance is measured with mid-term exam, final exam and their presentations.

Language of Instruction

Turkish

Course Policies and Rules

Attendance is compulsory and students are expected to attend discussions at the class.

Contact Details for the Lecturer(s)

E-mail: dilek.seymen@deu.edu.tr

Office Hours

Tuesdays, 14:00-17:00

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 13 3 39
Preparation for final exam 1 35 35
Preparing assignments 1 20 20
Preparation for midterm exam 1 25 25
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 165

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9
LO.15
LO.25
LO.35
LO.45454
LO.555455

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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