Industrial Engineering | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | ITRD306 | ||||||||
Course Name: | International Trade Strategies and Organizations | ||||||||
Course Semester: | Fall | ||||||||
Course Credits: |
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Language of instruction: | TR-EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Compulsory | ||||||||
Course Level: |
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Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Assoc. Prof. BÜLENT HOCA | ||||||||
Course Lecturer(s): |
Dr.Öğr.Üyesi SEDA KEKLİK |
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Course Assistants: |
Course Objectives: | The purpose of this course is to prepare students to be managers for the increasingly competitive international trade world. The emphasis of this course will be on the international trade environment, multilateral and regional trade agreements. Through chapters, readings, and case analyses, we will discuss issues related to types of trade policies, main international trade organizations and agreements; how and why they developed; current discussions and changes in them. |
Course Content: | Perspectives on international trade organizations; review of basic international economic relations, trade policy, instruments of trade policy, tariffs, nontariff barriers; world and international trade organizations after the World War II; Bretton-Woods System; IMF; GATT; European Economic Community; the crisis in 1970s; globalization and international trade organizations; collapse of Bretton-Woods System; globalization; growth of multinational corporations; World Trade Organization (WTO); principles of the WTO; degrees of economic integration; European Union (EU); institutions of the EU, EU product rules, regional integrations. |
The students who have succeeded in this course;
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Week | Subject | Related Preparation |
1) | • Syllabus. • Discuss Library Orientation Course, Instructor to verify completion. • Understand international trade organizations as organizations that establish rules, norms and regimes for the international trade. • Recognize the existence of an international trading system. | None |
2) | • Illustrate consumer surplus. • Illustrate producer surplus. • Illustrate export on a graph. • Illustrate import on a graph. | None |
3) | • Describe the effects of tariffs on resource allocation and income distribution. • Illustrate the effects of tariffs on resource allocation and income distribution. • Define deadweight loss. • Describe efficiency loss. | none |
4) | • Define other potential costs of tariffs. • Define retaliation. • Describe the large country case. • Illustrate when a large country can increase its welfare. | none |
5) | • Define value added. • Calculate effective rate of protection. • Describe with a diagram the effects of quotas on resource allocation and income distribution. • Describe in words the effects of quotas on resource allocation and income distribution. • List the nontariff barriers. | none |
6) | • Illustrate the sectors where tariffs tend to be higher. • Describe the costs of protectionism. • Understand the logic of collective action. • List the reasons for using trade protectionism. | none |
7) | • Describe the effects of tariffs on resource allocation and income distribution. • Illustrate the effects of tariffs on resource allocation and income distribution. • Define deadweight loss. • Describe efficiency loss. • Define other potential costs of tariffs. • Define retaliation. • Define value added. • Calculate effective rate of protection. | none |
8) | • Describe revenue and jobs as a reason of protectionism. • Define infant industry argument for protectionism. • Explain the national security argument for protectionism. • Explain the retaliation argument for protectionism. | none |
9) | • Explain the importance of Bretton-Woods conference. • Define institution. • Classify and give examples of the main types of international economic organizations. • Explain the role of IMF and World Bank in international economic relations. | none |
10) | • List the main agreements of WTO. • Explain GATS. • Explain TRIPS. • Describe the types of intellectual property rights. | none |
11) | • Describe the principles of WTO. • Explain the exceptions to the principles. • Identify the existence of regional agreements as exceptions. • Define the trade remedies. | none |
12) | • Explain the institutional structure of WTO. • Describe the dispute settlement mechanism. • Identify the steps of dispute settlement mechanism. • Describe the trade policy review mechanism. • Explain the decision-making in WTO. | none |
13) | • Explain the types of regional trade agreements. • Compare the types of regional trade agreements. • Give examples of different levels of economic integration. • List the prominent regional trade agreements (RTA). | none |
14) | • Understand the relation between a RTA and the WTO. • Define trade creation. • Define trade diversion. • Explain the role of international economic institutions using public goods. | none |
15) | Final exam • List the nontariff barriers. • Explain the reasons for using trade protectionism. • List the main agreements of WTO. • List the types of intellectual property rights. • Describe the principles of WTO. • Explain the exceptions to the principles. • Discuss the trade remedies. • Explain the types of regional trade agreements. | none |
Course Notes / Textbooks: | International Economics Author: James Gerber Publisher: Pearson, (7th Edition) 2018 ISBN-10: 1-292-21416-3 ISBN-13: 978-1-292-21416-0 |
References: | yok |
Learning Outcomes | 1 |
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3 |
4 |
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Program Outcomes | ||||||||||
1) Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied information in these areas to model and solve engineering problems. | ||||||||||
2) Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modelling methods for this purpose. | ||||||||||
3) Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way so as to meet the desired result; ability to apply modern design methods for this purpose. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety issues, and social and political issues according to the nature of the design.) | ||||||||||
4) Ability to devise, select, and use modern techniques and tools needed for engineering practice; ability to employ information technologies effectively. | ||||||||||
5) Ability to design and conduct experiments, gather data, analyse and interpret results for investigating engineering problems. | ||||||||||
6) Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually. | ||||||||||
7) Ability to communicate effectively i Turkish, both orally and in writing; knowledge of a minimum of one foreign language. | ||||||||||
8) Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself. | ||||||||||
9) Awareness of professional and ethical responsibility. | ||||||||||
10) Information about business life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development. | ||||||||||
11) Knowledge about contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; awareness of the legal consequences of engineering solutions. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied information in these areas to model and solve engineering problems. | |
2) | Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modelling methods for this purpose. | |
3) | Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way so as to meet the desired result; ability to apply modern design methods for this purpose. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety issues, and social and political issues according to the nature of the design.) | |
4) | Ability to devise, select, and use modern techniques and tools needed for engineering practice; ability to employ information technologies effectively. | |
5) | Ability to design and conduct experiments, gather data, analyse and interpret results for investigating engineering problems. | |
6) | Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually. | |
7) | Ability to communicate effectively i Turkish, both orally and in writing; knowledge of a minimum of one foreign language. | |
8) | Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself. | |
9) | Awareness of professional and ethical responsibility. | |
10) | Information about business life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development. | |
11) | Knowledge about contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; awareness of the legal consequences of engineering solutions. |
Field Study | |
Expression | |
Brainstorming/ Six tihnking hats | |
Individual study and homework | |
Lesson | |
Group study and homework | |
Reading | |
Homework | |
Problem Solving | |
Seminar | |
Q&A / Discussion |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Homework | |
Observation | |
Presentation |
Semester Requirements | Number of Activities | Level of Contribution |
Midterms | 1 | % 50 |
Final | 1 | % 50 |
total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 50 | |
PERCENTAGE OF FINAL WORK | % 50 | |
total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 15 | 45 |
Study Hours Out of Class | 15 | 90 |
Project | 1 | 12 |
Midterms | 1 | 10 |
Final | 1 | 20 |
Total Workload | 177 |