UTIC306 International Trade Strategies and OrganizationsIstanbul Okan UniversityDegree Programs Civil Engineering (English)General Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
Civil Engineering (English)
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

General course introduction information

Course Code: UTIC306
Course Name: International Trade Strategies and Organizations
Course Semester: Fall
Course Credits:
Theoretical Practical Credit ECTS
3 0 3 6
Language of instruction: TR-EN
Course Requisites:
Does the Course Require Work Experience?: No
Type of course: Compulsory
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Mode of Delivery: Face to face
Course Coordinator : Assoc. Prof. BÜLENT HOCA
Course Lecturer(s): Dr.Öğr.Üyesi SEDA KEKLİK
Course Assistants:

Course Objective and Content

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. During the lectures, students will be taking on leadership responsibilities and work with other people in teams while developing their oral communication abilities and presentation skills.
Course Content: At the end of this course the student will be able to:
• Understand the perspectives that drive the formation of international trade organizations and role of ethics.
• Explain the trade policies that are the subject of international trade organizations.
• Understand the evolution of international trade organizations within a global and historical context.
• Recognize the critical importance of international trade organizations in the modern economy and global trade.
• Understand the challenges and dynamics of international trade organizations.

Learning Outcomes

The students who have succeeded in this course;
Learning Outcomes
1 - Knowledge
Theoretical - Conceptual
1) • Understand the perspectives that drive the formation of international trade organizations and role of ethics
2) • Explain the trade policies that are the subject of international trade organizations.
2 - Skills
Cognitive - Practical
1) • Understand the evolution of international trade organizations within a global and historical context.
3 - Competences
Communication and Social Competence
Learning Competence
1) • Recognize the critical importance of international trade organizations in the modern economy and global trade.
Field Specific Competence
1) • Understand the challenges and dynamics of international trade organizations.
Competence to Work Independently and Take Responsibility

Lesson Plan

Week Subject Related Preparation
1) • Program. • Discusses the Library Orientation Course to verify completion. • Understands international trade organizations as rules, norms and regime organization organizations for international trade. • Realizes the existence of international trade policy. • Distinguish the perspectives of international trade organizations.
2) • Identify the types of perspectives on international organizations and their ethical approach • Understand that different perspectives have different implications for organizations. • Explain the contributions and limitations of each perspective. • Recognize that different perspectives are linked to different actors. • Understand that each perspective has its own history. • Discuss Final Class Project and Presentation, • List of Topics. • Describe liberalism. • Describe mercantilism. • Compare liberalism with mercantilism. Homework: Apply these perspectives to domestic institutions in Turkey. Read chapter 3 of Introduction to International Political Economy (Balaam and Veseth, 2001, pp.45-66).
3) • Understand the historical evolution of perspectives. • Compare the three perspectives • Recognize the interaction between the perspectives. • Identify the existence of perspectives behind the current international issues. • Define structuralism. • Explain the historical origin of structuralism. • Compare structuralism with liberalism. • Discuss the implications of perspectives for international trading system. Continue research and work on final project. Homework: Discuss an international trade issue from different perspectives. Read chapter 2 of International Political Economy: The Struggle for Power and Wealth (Lairson and Skidmore, 2003, pp.17-42).
4) • Understand the traditional free-trade theory of international trade. • Recognize the importance of critiques of free-trade theory. • Explain how the international transactions of countries recorded. • Describe the measures of balance of payments. • Due: Project Topic. • Due: Tentative Bibliography. • Describe basic theories of international trade. • Explain the critiques of these theories. • Describe the items of balance of payments. • Explain the concepts of balance of payments Continue research and work on final project Homework: Study the balance of payments of Turkey. Read chapter 6 and 7 of International Economics (Husted and Melvin, 2013, pp.135-188).
5) • Recognize the importance of exchange rates for international trade. • Understand why countries try to avoid sharp exchange rate fluctuations. • Explain why trade imbalances may destabilize an economy. • Understand the reasons for trade policies. • Identify the measures that countries take as trade policy. • Describe the exchange rate and trade relation • Explain the effects of exchange rate fluctuations on trade • Identify the instruments of trade policies • Explain tariffs and non-tariff trade barriers Continue research and work on final project Homework: Read chapter 3 and 9 of International Organizations (Karns and Mingst, 2010, pp.63-94, 387-446).
6) • Describe the main features of post-war environment with respect to international trade agreements • Understand the evolution of global economy after the Second World War. • Recognize the globalization of liberal economic norms. • Explain the Bretton-Woods system. • Identify the Bretton-Woods institutions. • Explain multilateralism in the Twentieth Century. • Explain GATT. • Explain EEC. • Recognize the importance of the GATT in reducing trade barriers. Continue research and work on final project Read chapter 4 and 5 of International Political Economy: The Struggle for Power and Wealth (Lairson and Skidmore, 2003, pp.71-146).
7) • Explain the collapse of Bretton-Woods system. • Define and measure globalization. • Describe globalization, its emergence, dimensions • Understand the importance of globalization. • Recognize the role of multinational corporations in globalization. • Explain the end of Bretton-Woods. • Describe the globalization of finance. • Explain the globalization of production. • Identify the consequences of globalization of production. Continue research and work on final project
8) • MIDTERM EXAM • Compare the three perspectives on international trade organizations. • Recognize the importance of critiques of free-trade theory. • Explain how the international transactions of countries recorded. • Understand the reasons for trade policies. • Identify the measures that countries take as trade policy. • Describe the main features of post-war environment with respect to international trade agreements • Explain the collapse of Bretton-Woods system. • Define and measure globalization. Continue research and work on final project Homework: Study the agreements of WTO from its website.
9) • Explain the establishment of WTO. • Identify the link between globalization and the establishment of WTO. • Recognize the perspective of WTO. • Describe in which ways the WTO can be understood. • Identify the three pillars of WTO. • List the agreements of WTO • Understand GATT • Explain GATS • Identify modes of trade in services. • Explain TRIPS. • List the types of intellectual property rights. Continue research and work on final project.
10) • Explain why there are objections to the WTO agreements. • Recognize that WTO is based on some principles. • Recognize the existence of exceptions to the principles. • Identify the reasons for the exceptions. • Describe the principles of WTO. • Explain the exceptions to the principles. • Identify the existence of regional agreements as exceptions. • Discuss the trade remedies Continue research and work on final project.
11) • Recognize that the structure of WTO is stronger than GATT. • Identify the existence of new mechanisms. • Illustrate the dispute settlement mechanism. • Understand the multilateralism of WTO. • 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. Due: First Draft of Final Project Homework: Study the international trade disputes taken to WTO. Read chapter 9 of International Economics (Husted and Melvin, 2013, pp.215-231) and chapter 6 of International Political Economy: The Struggle for Power and Wealth (Lairson and Skidmore, 2003, pp.147-191).
12) • Describe regionalism. • Identify multilateralism and regionalism as different processes. • Discuss whether multilateralism and regionalism are conflicting processes. • Illustrate regionalism. • Understand the EU as an evolving regional integration. • Describe the members and establishment of the EU • Explain the stages of evolution of the EU • Explain the product rules of the EU • Discuss the four freedoms of the EU • Identify the expansions of EU. Review the case studies.
13) • Discuss the importance of different regional integrations for the world economy. • Recognize how the different interests and perspectives of countries, multinational corporations and groups within countries interact in the formation of international trade organizations. • Identify the regional integrations of developing countries. • Understand the weaknesses present in some regional integrations. • Explain the NAFTA • Explain ASEAN • Describe MERCOSUR • Define SADC • Define GCC Editing & Revision of Final Project
14) • Final Project • Final Presentation none
15) • Evaluate students via final exam • Explain the establishment of WTO. • Identify the three pillars of WTO. • Recognize that WTO is based on some principles. • Recognize the existence of exceptions to the principles. • Identify the existence of new mechanisms of WTO. • Illustrate regionalism.• • Final Exam • Identify modes of trade in services. • List the types of intellectual property rights. • Describe the principles of WTO. • Explain the exceptions to the principles. • Discuss the trade remedies • Identify the steps of dispute settlement mechanism. • Explain the stages of evolution of the EU • Explain the product rules of the EU • Discuss the four freedoms of the EU • Explain the NAFTA • Explain ASEAN • Describe MERCOSUR none

Sources

Course Notes / Textbooks: Uluslararası İktisat
Yazar: Halil Seyidoğlu
Yayıncı: Güzem Can Yayınları, 19.Baskı, 2013
ISBN: 9757516104

International Economics
Author: Steven Husted and Michael Melvin
Publisher: Pearson, (9th Edition) 2013
ISBN-10: 0321783867
ISBN-13: 978-0321783868
References: Uluslararası İlişkilerin Ekonomi Politiği
Yazar: Robert Gilpin
Yayıncı: Kripto, 2012
ISBN: 9786054125579

Dünya Ekonomisinde Dönüşüm
Yazar: Sinan Sönmez
Yayıncı: İmge, 1998
ISBN: 975-533-222-7

Küresel Ekonomi ve Bölgeselleşmeler
Yazar: Serhan Oksay
Yayıncı: Okumuş Adam, 2006
ISBN: 975-8513-64-8

Global Ekonomide Bütünleşme Trendleri
Yazar: Yusuf Bayraktutan
Yayıncı: Nobel, 2.Baskı, 2004
ISBN: 975-591-486-2

WTO internet sitesi: www.wto.org
International Political Economy: The Struggle for Power and Wealth
Author: Lairson & Skidmore
Publisher: Prentice Hall , 3rd ed., September 13, 2002
ISBN-13: 978-0155074972 ISBN-10: 0155074970

Introduction to International Political Economy
Author: Balaam, D.N.,Veseth M.
Publisher: Prentice Hall, 2nd Edition, 2001
ISBN: 0-13-018349-0

International Organizations
Author: Karns & Mingts
Publisher: Lynne Rienner Publishers, 2nd ed., November 30, 2009
ISBN-13: 978-1588266989 ISBN-10: 1588266982

World Trade Organization website: www.wto.org

Course-Program Learning Outcome Relationship

Learning Outcomes

1

2

3

4

5

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 select and use modern techniques and tools needed for analyzing and solving complex problems encountered in engineering practice; ability to employ information technologies effectively.
5) Ability to design and conduct experiments, gather data, analyze and interpret results for investigating complex engineering problems or discipline specific research questions.
6) Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
7) Ability to communicate effectively, both orally and in writing; knowledge of a minimum of one foreign language; ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instructions.
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) Knowledge on behavior according ethical principles, professional and ethical responsibility and standards used in engineering practices.
10) Knowledge about business life practices such as project management, risk management, and change management; awareness in entrepreneurship, innovation; knowledge about 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.

Course - Learning Outcome Relationship

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 select and use modern techniques and tools needed for analyzing and solving complex problems encountered in engineering practice; ability to employ information technologies effectively.
5) Ability to design and conduct experiments, gather data, analyze and interpret results for investigating complex engineering problems or discipline specific research questions.
6) Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
7) Ability to communicate effectively, both orally and in writing; knowledge of a minimum of one foreign language; ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instructions.
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) Knowledge on behavior according ethical principles, professional and ethical responsibility and standards used in engineering practices.
10) Knowledge about business life practices such as project management, risk management, and change management; awareness in entrepreneurship, innovation; knowledge about 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.

Learning Activity and Teaching Methods

Expression
Brainstorming/ Six tihnking hats
Individual study and homework
Lesson
Reading
Homework

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Homework
Observation
Presentation

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Midterms 1 % 40
Final 1 % 60
total % 100
PERCENTAGE OF SEMESTER WORK % 40
PERCENTAGE OF FINAL WORK % 60
total % 100

Workload and ECTS Credit Grading

Activities Number of Activities Workload
Course Hours 15 45
Study Hours Out of Class 15 90
Project 1 12
Homework Assignments 2 8
Midterms 1 10
Final 1 12
Total Workload 177