INTERNATIONAL TRADE THEORY PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
UTI209	INTERNATIONAL TRADE THEORY	3	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	Assist.Prof. ONUR ÇELİK
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	This course aims to introduce the necessity of international trade, macro structure, free trade, trade policies, significant international institutions and effects of these institutions on international trade practices; international trade theories started in the mercantilist period and extended and transformed up to the present.
Contents of the Course Unit:	Contents of the course include classical theory of trade, Heckscher-Ohlin theorem, imperfect competition, gains from trade, institutions in international trade, Turkey – EU custom union agreement, method of payment in foreign trade, documents exercised in international trade, customs rules and practices, balance of international payments, foreign trade policies practices, international trade and economic growth and theory of trade and development.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Ülkeler arasında gerçekleştirilen uluslararası ticaretin nedenlerini ve gerekçelerini tarihsel bir perspektifle tanımlar
Merkantilist dönemden günümüze kadar süregelen uluslararası ticaret teorilerini, birbirinden farklı varsayımlarını ve önermelerini vurgulayarak listeler
Ülkelerin uluslararası ticaret yapmalarında ve birbirine olan eklemlenmelerinde rol oynayan kurumların ve örgütlerin uyguladığı politikaları kapitalist ve heterodoks bir perspektifle yorumlar
Türkiye’nin uyguladığı dış ticaret politikalarını ve bu politikaların dönemsel farklılıklarını dönemin etkin siyasi politikalarından yararlanarak sınıflandırır

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Reading	Classical Theory of Trade	Lecture & Question and Answer & Discussion
2	Reading	Heckscher-Ohlin Theorem	Lecture & Question and Answer & Discussion
3	Reading	Imperfect Competition, Gains from Trade	Lecture & Question and Answer & Discussion
4	Reading	Institutions in International Trade	Lecture & Question and Answer & Discussion
5	Reading	Turkey – EU Custom Union Agreement	Lecture & Question and Answer & Discussion
6	Reading	Method of Payment in Foreign Trade -1	Lecture & Question and Answer & Discussion
7	Reading	Method of Payment in Foreign Trade -2	Lecture & Question and Answer & Discussion
8	-	MID-TERM EXAM	-
9	Reading	Documents Exercised in International Trade	Lecture & Question and Answer & Discussion
10	Reading	Customs Rules and Practices	Lecture & Question and Answer & Discussion
11	Reading	Balance of International Payments	Lecture & Question and Answer & Discussion
12	Reading	Foreign Trade Policies Practices	Lecture & Question and Answer & Discussion
13	Reading	International Trade and Economic Growth	Lecture & Question and Answer & Discussion
14	Reading	Theory of Trade and Development	Lecture & Question and Answer & Discussion
15	Reading	General Revision	Lecture & Question and Answer & Discussion
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Seyidoglu, H. (2017). Uluslararasi İktisat Teori Politika ve Uygulama. 21st Edition, Istanbul: Guzem Can Publications.
Krugman, P., Obstfeld, M., ve Melitz, M. (2016). Uluslararasi İktisat Teori ve Politika. Translation: Kolektif, 1st Edition, Istanbul: Palme Publications.
Erturk, E. (2016). Uluslararasi İktisat: Teori ve Politika. 1st Edition, Istanbul: Medyay Boktore.
Kenneth, N. W. (2015). Uluslararasi Politika Teorisi. Translation: Osman S. Binatli, Ankara: Phoenix Publications.
Krugman, P., Obstfeld, M. and Melitz, M. (2014). International Trade: Theory and Policy. Harlow, United Kingdom: Pearson Education Limited.
https://economictimes.indiatimes.com/topic/international-trade

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Describe basic theories of microeconomics and macroeconomics by benefiting from assumptions and axioms.						5
2	Recognize the entries in the book and financial balance sheet of the business organization.					4
3	Define concepts, theories and principles of basic and subfields of international trade by adhering to the background knowledge.						5

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Summarize historical development of the international trade theories by adhering to the chronological order.						5
2	Use theoretical knowledge gained in the field of international trade in occupational practices and daily life.						5
3	Solve financial and legal problems confronted in international trade practices.						5

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate statistical raw data by benefiting from computer programs and relate data with one another in consideration of theoretical knowledge.						5
2	Evaluate developments in the world in consideration of common courses in the faculty with an intellectual perspective.						5

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Interpret current events and facts in international trade based on advanced knowledge and skills from an analytical and systematic holistic view.						5

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate knowledge about economic globalization and internationalization with current knowledge in the field.						5

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Examine current economic policies applied over the gained advanced knowledge and skills by a critical approach.						5

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain demands in written or verbally by using the foreign language skill in business and social life effectively.					4
2	Tell knowledge, thoughts and solution offers regarding subjects in international trade to relevant stakeholders demands in written or verbally.						5
3	Design a healthy communication network for themselves in the business world by using social life skills.					4

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyze current issues, events and problems by benefiting from theoretical and historical knowledge of international trade and economics.						5
2	Develop suggestions for international trade policies by determining economic problems in the macro level.						5
3	Apply commercial applications in consideration of knowledge gained in financing and management of international trade by being inclusive of international market					4
4	Discuss the effects of commercial and financial globalization processes on the income distribution, by benefiting from data.						5

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	13	4	52
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	0	0	0
Assignment (Homework)	0	0	0
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	0	0	0
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	7	5	35
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	5	4	20
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	41	0	151