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INTERNATIONAL TRADE THEORY COURSE IDENTIFICATION AND APPLICATION INFORMATION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
ITR209 INTERNATIONAL TRADE THEORY 3 3 3 6

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY

Week Preparatory Topics(Subjects) Method
1 Reading Scope and general assessment of international trade Lecture & Question and Answer & Discussion
2 Reading Fundamentals and basic assumptions of international trade Lecture & Question and Answer & Discussion
3 Reading Classical Economics, Labor theory of value and Absolute Advantages Theory Lecture & Question and Answer & Discussion
4 Reading Comparative Advantages Theory and criticisms of the Theory, production-cost analysis Lecture & Question and Answer & Discussion
5 Reading Supply-demand models in international trade: Law of reciprocal demand and offer curve analysis Lecture & Question and Answer & Discussion
6 Reading Supply-demand models in international trade: Social indifference Curves analysis and gains from trade Lecture & Question and Answer & Discussion
7 Reading Heckscher-Ohlin Model: Factor Endowment Theory Lecture & Question and Answer & Discussion
8 - MID-TERM EXAM -
9 Reading Theorems derived from Heckscher-Ohlin Model, Leontief Paradox Lecture & Question and Answer & Discussion
10 Reading New trade theorems and analysis of economic growth and international trade nexus Lecture & Question and Answer & Discussion
11 Reading International trade policy: Definition, types and instruments Lecture & Question and Answer & Discussion
12 Reading International trade policy: Definition, types and instruments Lecture & Question and Answer & Discussion
13 Reading Customs tariff analysis Lecture & Question and Answer & Discussion
14 Reading Analysis of other international trade instruments Lecture & Question and Answer & Discussion
15 Reading Introduction to the balance of payment and general review Lecture & Question and Answer & Discussion
16 - FINAL EXAM -
17 - FINAL EXAM -