Week |
Subject |
Related Preparation |
1) |
• Syllabus.
• Illustrate the questions that international economists study.
• Describe the characteristics of national economies.
• List the major exporting and importing countries.
• Explain the direction of international trade
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2) |
• Understand the methodological preliminaries.
• Explain the general equilibrium model.
• List the assumptions of the autarky model.
• Understand the solution of the model.
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3) |
• Explain the historical conditions of mercantilism.
• Explain the critique of mercantilism.
• Explain absolute advantage as a basis for trade.
• Illustrate absolute advantage theory.
• Discuss gains from trade.
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4) |
• Explain comparative advantage as a basis for trade.
• Illustrate comparative advantage theory.
• Illustrate the general equilibrium solution of the classical model.
• Discuss gains from trade.
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5) |
• Understand the basic assumptions of Hecksher-Ohlin (HO) Model.
• Define factor endowment and factor intensity.
• Explain the HO Theorem.
• Illustrate the equilibrium in the HO Model
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6) |
• List new HO theorems.
• Understand Rybczynski theorem.
• Explain factor price equalization theorem.
• Describe the Stolper-Samuelson theorem.
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7) |
• List the tests of the HO model.
• Define the input-output table
• Summarize the Leontief paradox.
• Discuss the implications of the Leontief paradox.
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8) |
• Explain product cycle theory
• Define intra-industry trade.
• Define internal and external economies of scale.
• Explain the New Trade Theory.
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9) |
• Explain the direction of international trade
• Explain absolute advantage as a basis for trade.
• Explain comparative advantage as a basis for trade.
• Understand Rybczynski theorem.
• Explain factor price equalization theorem.
• Describe the Stolper-Samuelson theorem.
• Summarize the Leontief paradox.
• Define intra-industry trade and market imperfections like economies of scale
• Explain the New Trade Theory.
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10) |
• Define BOP Accounting.
• List the current account entries.
• Describe the measures of the current account.
• Calculate the current account balances.
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11) |
• List the financial account entries.
• Define different types of capital flows.
• Compare different types of capital flows.
• Define the relation between current account, financial account and international reserves.
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12) |
• List and explain the reasons for holding foreign exchange.
• Describe the foreign-exchange market.
• Define spot market.
• Describe forward market.
• Define futures market.
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13) |
• Explain the changes of foreign exchange in different foreign exchange regimes.
• Discuss the effects of changes in foreign exchange rate on current account balance.
• Define the Marshall-Lerner condition
• Explain the exchange rate pass-through.
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14) |
• Explain the elasticities approach to the current account.
• Define elasticities and J curves.
• Describe the evidence from devaluations.
• Explain the absorption approach.
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15) |
• Final Exam
• Explain absolute advantage, comparative advantage and factor endowment.
• Define intra-industry trade and market imperfections like economies of scale.
• Explain the New Trade Theory.
• List the current account and financial account entries.
• Describe the measures of the BOP.
• Define the types of foreign-exchange market.
• Explain the theories of current account.
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Program Outcomes |
Level of Contribution |
1) |
Discloses basic knowledge of international logistics, including development process, new and determinative concepts, scientific methodology, theory and models of logistics discipline. |
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2) |
Uses appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in relevant areas, interpret the results and suggest solutions. |
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3) |
Designs a logistics system that will support the business mission and objectives. |
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4) |
Identifies uncertainties in the logistics and supply chain processes and takes measures to mitigate risks. |
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5) |
Can discover and create entrepreneurial opportunities and experience to successfully build and develop self-employment. |
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6) |
Analyzes the complex and rapidly changing conditions, the dynamics of the national / international business world, the relevant international logistics and supply chain environment |
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7) |
Can translate and explain the contents of documents written in English related to the field. |
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8) |
Communicates in written and spoken English with people of different social backgrounds, has global competence in tracking and interpreting global dynamics in logistics and supply chain fields. |
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9) |
Can demonstrate personal, professional, social and work ethic standards, assesses the ethical dimensions of the various applications in relevant fields, and becomes aware of the importance of ethical behavior in the process of collecting value added. |
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