ITRD301 International Trade ModelsIstanbul Okan UniversityDegree Programs MedicineGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
Medicine
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

General course introduction information

Course Code: ITRD301
Course Name: International Trade Models
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: University Elective
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
Prof. Dr. AYLİN SOYDAN
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 concepts and models of international trade. Students can define and explain these models and related concepts of international finance such as balance of payments, current account, foreign-exchange market.
Course Content: At the end of this course the student will be able to:
• Identify the characteristics of world trade
• Recall, explain and compare main theories of trade
• Recall, explain and compare implications of trade theories and their relation to ethics
• Define and explain the concepts and theories of balance of payments
• List and describe foreign exchange markets and monetary systems.

Learning Outcomes

The students who have succeeded in this course;
Learning Outcomes
1 - Knowledge
Theoretical - Conceptual
1) • Identify the characteristics of world trade
2) • Recall, explain and compare main theories of trade
3) • Recall, explain and compare implications of trade theories and their relation to ethics
4) • Define and explain the concepts and theories of balance of payments
5) • List and describe foreign exchange markets and monetary systems.
2 - Skills
Cognitive - Practical
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
Competence to Work Independently and Take Responsibility

Lesson Plan

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
2) • Understand the methodological preliminaries. • Explain the general equilibrium model. • List the assumptions of the autarky model. • Understand the solution of the model.
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.
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.
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
6) • List new HO theorems. • Understand Rybczynski theorem. • Explain factor price equalization theorem. • Describe the Stolper-Samuelson theorem.
7) • List the tests of the HO model. • Define the input-output table • Summarize the Leontief paradox. • Discuss the implications of the Leontief paradox.
8) • Explain product cycle theory • Define intra-industry trade. • Define internal and external economies of scale. • Explain the New Trade Theory.
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.
10) • Define BOP Accounting. • List the current account entries. • Describe the measures of the current account. • Calculate the current account balances.
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.
12) • List and explain the reasons for holding foreign exchange. • Describe the foreign-exchange market. • Define spot market. • Describe forward market. • Define futures market.
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.
14) • Explain the elasticities approach to the current account. • Define elasticities and J curves. • Describe the evidence from devaluations. • Explain the absorption approach.
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.

Sources

Course Notes / Textbooks: Uluslararası İktisat
Yazar: Halil Seyidoğlu
Yayıncı: Güzem Can Yayınları, 20.Baskı, 2015
ISBN: 975-7516-10-4
References: yok

Course-Program Learning Outcome Relationship

Learning Outcomes

1

2

3

4

5

Program Outcomes
1) Describe the basic structure, development and normal mechanisms of the human in terms of molecules, cells, tissues, organs and systems
2) Investigates the abnormal structures and mechanisms in the human body, explains with the information depending on high quality scientific research, evaluates the reason of the diseases regarding in the interaction of the individual with his environment
3) Gain knowledge about basic and clinical medicine
4) Apply the knowledge, skills and attitudes required by the patient management in accordance with the modern medical concept.
5) Apply basic medical procedures necessary for diagnosis and treatment of diseases
6) Perform first level treatment for common diseases in the community based on scientific data and by using highly effective methods
7) Treat patients in emergency situations and transport the patient when needed
8) Perform preventive medicine and forensic medicine applications
9) Evaluate the effects of environmental factors on human health
10) Gain knowledge about the structure and functioning of the National Health System
11) Advocate for the health promotion, and development of health care services for the benefits of the individuals in the community
12) Define legal responsibilities and ethical principles
13) Act in accordance with professional values, ethical principles and legal regulations
14) Take responsibility for lifelong learning and personal assessment
15) Organize and attend to scientific meetings and conduct scientific projects
16) Know at least one common foreign language sufficient to keep up with current medical literature and communicate with peers; and use statistics and computer programmes to evaluate scientific studies

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Describe the basic structure, development and normal mechanisms of the human in terms of molecules, cells, tissues, organs and systems
2) Investigates the abnormal structures and mechanisms in the human body, explains with the information depending on high quality scientific research, evaluates the reason of the diseases regarding in the interaction of the individual with his environment
3) Gain knowledge about basic and clinical medicine
4) Apply the knowledge, skills and attitudes required by the patient management in accordance with the modern medical concept.
5) Apply basic medical procedures necessary for diagnosis and treatment of diseases
6) Perform first level treatment for common diseases in the community based on scientific data and by using highly effective methods
7) Treat patients in emergency situations and transport the patient when needed
8) Perform preventive medicine and forensic medicine applications
9) Evaluate the effects of environmental factors on human health
10) Gain knowledge about the structure and functioning of the National Health System
11) Advocate for the health promotion, and development of health care services for the benefits of the individuals in the community
12) Define legal responsibilities and ethical principles
13) Act in accordance with professional values, ethical principles and legal regulations
14) Take responsibility for lifelong learning and personal assessment
15) Organize and attend to scientific meetings and conduct scientific projects
16) Know at least one common foreign language sufficient to keep up with current medical literature and communicate with peers; and use statistics and computer programmes to evaluate scientific studies

Learning Activity and Teaching Methods

Field Study
Expression
Brainstorming/ Six tihnking hats
Individual study and homework
Lesson
Group study and homework
Reading
Homework
Problem Solving
Q&A / Discussion
Case Study

Assessment & Grading Methods and Criteria

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

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Quizzes 1 % 30
Midterms 1 % 30
Final 1 % 40
total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
total % 100

Workload and ECTS Credit Grading

Activities Number of Activities Workload
Course Hours 15 45
Study Hours Out of Class 15 90
Midterms 1 12
Final 1 21
Total Workload 168