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Syllabus ( ITF 503 )


   Basic information
Course title: Economics Of International Trade
Course code: ITF 503
Lecturer: Assist. Prof. Hande BARLIN
ECTS credits: 7.5
GTU credits: 0 (3+0+0)
Year, Semester: 1/2, Fall and Spring
Level of course: Second Cycle (Master's)
Type of course: Area Elective
Language of instruction: Turkish
Mode of delivery: Face to face
Pre- and co-requisites: None
Professional practice: No
Purpose of the course: The aim of this course is to inform students about economic, socio-cultural, political, legal and istitutional factors, in the international arena, affecting entities carrying out their commercial activities in a globalized world.
   Learning outcomes Up

Upon successful completion of this course, students will be able to:

  1. Explain factors affecting international trade and international operations of enterprises

    Contribution to Program Outcomes

    1. Develop and deepen his/her knowledge in fields of international trade, finance and management
    2. Define basic economics, finance and management terminology, theories and concepts
    3. Review, interpret and apply the literature on international trade and finance

    Method of assessment

    1. Written exam
  2. Predicts pattern of international trade and operations of enterprises under different circumstances.

    Contribution to Program Outcomes

    1. Develop and deepen his/her knowledge in fields of international trade, finance and management
    2. Define basic economics, finance and management terminology, theories and concepts
    3. Being able to evaluate and use the advanced level knowledge on international trade, finance and management that are required in experts and researchers who are much needed by the public and private sectors

    Method of assessment

    1. Written exam
  3. Comment on effects of tformal and informal instutitons on international trade and operations of international enterprises

    Contribution to Program Outcomes

    1. Discover, classify and analyze economic data
    2. Being able to evaluate and use the advanced level knowledge on international trade, finance and management that are required in experts and researchers who are much needed by the public and private sectors
    3. Review the literature critically pertaining to his/her research projects, and connect the earlier literature to his/her own results

    Method of assessment

    1. Written exam
  4. Debates on the role of international/supranational organizations in liberalization of trade.

    Contribution to Program Outcomes

    1. Develop and deepen his/her knowledge in fields of international trade, finance and management
    2. Discover, classify and analyze economic data
    3. Review, interpret and apply the literature on international trade and finance
    4. Being able to evaluate and use the advanced level knowledge on international trade, finance and management that are required in experts and researchers who are much needed by the public and private sectors
    5. Review the literature critically pertaining to his/her research projects, and connect the earlier literature to his/her own results
    6. COMPETENCIES
    7. Work effectively in multi-disciplinary research teams
    8. Communication and Social Competence
    9. Support his/her ideas with various arguments and present them clearly to a range of audience, formally and informally through a variety of techniques
    10. Write progress reports clearly on the basis of published documents, thesis, etc

    Method of assessment

    1. Written exam
    2. Seminar/presentation
  5. Deduce the effects of various stages of economic integration on international trade and enterprises.

    Contribution to Program Outcomes

    1. Develop and deepen his/her knowledge in fields of international trade, finance and management
    2. Discover, classify and analyze economic data
    3. Being able to evaluate and use the advanced level knowledge on international trade, finance and management that are required in experts and researchers who are much needed by the public and private sectors
    4. Review the literature critically pertaining to his/her research projects, and connect the earlier literature to his/her own results

    Method of assessment

    1. Written exam
  6. 1. Explain trade theories 2. Analyze global economic integration tendencies 3. Explain how international organizations and integration tendencies affect international trade

    Contribution to Program Outcomes

    1. Develop and deepen his/her knowledge in fields of international trade, finance and management
    2. Define basic economics, finance and management terminology, theories and concepts
    3. Discover, classify and analyze economic data
    4. Review, interpret and apply the literature on international trade and finance
    5. Being able to evaluate and use the advanced level knowledge on international trade, finance and management that are required in experts and researchers who are much needed by the public and private sectors
    6. Acquire scientific knowledge and work independently
    7. Develop an awareness of continuous learning in relation with modern technology
    8. Effectively express his/her research ideas and findings both orally and in writing
    9. Support his/her ideas with various arguments and present them clearly to a range of audience, formally and informally through a variety of techniques

    Method of assessment

    1. Written exam
   Contents Up
Week 1: Globalization, International Trade and Enterprises
Week 2: Institutions Affecting International Trade and Enterprises
Week 3: Socio-Cultural Factors Affecting International Trade and Enterprises
Week 4: Political and Legal Factors Affecting International Trade and Enterprises
Week 5: Enterprises, International Trade and Environmental Sustainability
Week 6: International Trade Policy
Week 7: Midterm exam and International Invetsment
Week 8: International Invetsment
Week 9: International Monetary Arrangements

Week 10: Global and Regional Integration, Trade and Enterprises
Week 11: Entering Foreign Markets
Week 12: Assessing International Markets
Week 13: International Operations

Week 14: International Corporate Reputation and International Trade
Week 15*: .
Week 16*: Final exam
Textbooks and materials: Reinert, Kenneth A. An Introduction to International Economics: New Perspectives on the World Economy. 2nd Edition. New York : Cambridge University Press, 2012.

Seyidoğlu, Halil. Uluslararası İktisat: Teori, Politika ve Uygulama. Geliştirilmiş 20. Baskı. İstanbul: Güzem Can Yayınları, 2017.

Salvatore, Dominick. International Economics. Wiley, 2020
Recommended readings: Reinert, Kenneth A. An Introduction to International Economics: New Perspectives on the World Economy. 2nd Edition. New York : Cambridge University Press, 2012.

Seyidoğlu, Halil. Uluslararası İktisat: Teori, Politika ve Uygulama. Geliştirilmiş 20. Baskı. İstanbul: Güzem Can Yayınları, 2017.

Salvatore, Dominick. International Economics. Wiley, 2020
  * Between 15th and 16th weeks is there a free week for students to prepare for final exam.
Assessment Up
Method of assessment Week number Weight (%)
Mid-terms: 7 50
Other in-term studies: 0
Project: 0
Homework: 0
Quiz: 0
Final exam: 16 50
  Total weight:
(%)
   Workload Up
Activity Duration (Hours per week) Total number of weeks Total hours in term
Courses (Face-to-face teaching): 3 14
Own studies outside class: 5 14
Practice, Recitation: 3 12
Homework: 0 0
Term project: 0 0
Term project presentation: 0 0
Quiz: 0 0
Own study for mid-term exam: 8 2
Mid-term: 2 1
Personal studies for final exam: 9 2
Final exam: 1 2
    Total workload:
    Total ECTS credits:
*
  * ECTS credit is calculated by dividing total workload by 25.
(1 ECTS = 25 work hours)
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