INTERNATIONAL TRADE PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
UTI102	INTERNATIONAL TRADE	2	3	3	6

GENERAL INFORMATION
Language of Instruction :	Turkish
Level of the Course Unit :	, TYY: + , EQF-LLL: , QF-EHEA:
Type of the Course :	Compulsory
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit
Instructor(s) of the Course Unit
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	The purpose of this course is to give the basic understanding of the nature and the causes of production, trade, terms of trade, North-South trade relations, foreign debt, foreign direct investment, global production system, and the topics which form the basis of 'international political economy'.
Contents of the Course Unit:	Theories which attempt to explain international trade. Theories of comparative advantage based on labour productivity and natural resources. New trade theories. International factor movements. The instruments of trade policy. The political economy of trade policy. Trade policy in developing countries. Controversies in trade policy.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Upon successful completion of this course, the students are expected to: - Enhance their knowledge and skills needed for following developments and trends in the world trade,
Understand the working of the world trade, - Identify the major economic problems confronting the world trade, - Identify and explain the primary causes of these problems, - Identify and explain the principal political economy effects of these problems, - Critically analyze the reasons and welfare effects of international trade.

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	-	What Is International Economics About?	-
2	-	World Trade: An Overview	-
3	-	Labor Productivity and Comparative Advantage: The Ricardian Model 1	-
4	-	Labor Productivity and Comparative Advantage: The Ricardian Model 2	-
5	-	Resources, Comparative Advantage, and Income Distribution	-
6	-	Resources, Comparative Advantage, and Income Distribution	-
7	-	The Standard Trade Model	-
8	-	MID-TERM EXAM	-
9	-	The Standard Trade Model	-
10	-	Economies of Scale, Imperfect Competition, and International Trade	-
11	-	International Factor Movements	-
12	-	The Instruments of Trade Policy	-
13	-	The Political Economy of Trade Policy 1	-
14	-	The Political Economy of Trade Policy 2	-
15	-	Trade Policy in Developing Countries and Controversies in Trade Policy	-
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Krugman, P.R. and M.Obstfeld, International Economics, Theory and Policy, 8th edition, Addison Wesley, 2009. Kreinin, E. M., International Economy: A Policy Approach, Pearson, 2010.

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description	Examination Method
Mid-Term Exam	1	50
Final Exam	1	50
TOTAL	2	100

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Define the theories, concepts and principles of the basic and sub-fields of international business and trade. (Bloom 1)						5
2	Explain business and trade functions and processes based on current scientific sources (Bloom 2).					4

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate internationally valid business and trade cases with the theories and concepts of other social sciences. (Bloom 2)						5

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain the current events and facts in his / her field analytically and systematically based on advanced knowledge and skills he / she has. (Bloom 2)						5

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Use the theoretical and factual knowledge in business and trade for occupational practices. (Bloom 3)						5
2	Solve individual and organizational problems in business life. (Bloom 3)						5
3	Use computer programs (SPSS, R, Excel, Stata) efficiently against the complex business problems. (Bloom 3)		1

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Organize the activities for organizational goals and purposes independently. (Bloom 3)						5

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Criticize advanced knowledge and skills in the field with a critical approach. (Bloom 4)						5
2	Develop the existing knowledge and skills with a critical point of view under the impact of scientific, technological and current developments. (Bloom 3)					4

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Express his/her knowledge, thoughts and solutions on international business and trade to related stakeholders in written and verbal ways. (Bloom 1)						5

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Designs the research process in the field of business. (design) (Bloom 6)						5
2	Conducts operations by considering the ethical values in business activities. (apply) (Bloom’s 3)				3
3	Relate the concepts of social rights, occupational safety, employee health, quality management and sustainability with the cases in business life. (Bloom 2)				3

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	14	3	42
Preliminary & Further Study	7	2	14
Land Surveying	0	0	0
Group Work	2	5	10
Laboratory	0	0	0
Reading	0	0	0
Assignment (Homework)	2	2	4
Project Work	1	8	8
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	4	2	8
Implementation/Application/Practice	0	0	0
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	1	1	1
Preparation for the Final Exam	2	3	6
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	0	0	0
Short Exam	1	2	2
Preparation for the Short Exam	0	0	0
TOTAL	35	0	96