Industrial Product Design
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?:

Type of course:

University / Foreign Language

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) Ability to think creatively and innovatively in industrial design discipline.
2) Ability to master professional material and production technologies and follow up developments and to effectively apply acquired knowledge in the projects
3) Ability to reflect cultural values to professional approaches
4) Ability to reach to original design solutions through critical approach to complex design problems and also foresee potential user needs.
5) Having the knowledge and ability to effectively use two and three dimensional design tools and technologies in industrial design
6) Ability to participate in teamwork in companies and to effectively participate in industrial design project management
7) Ability to have professional and ethical sense of responsibility
8) To work independently, to take responsiblity and to develop designerly sensitivities towards global problems

Course - Learning Outcome Relationship

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	Ability to think creatively and innovatively in industrial design discipline.
2)	Ability to master professional material and production technologies and follow up developments and to effectively apply acquired knowledge in the projects
3)	Ability to reflect cultural values to professional approaches
4)	Ability to reach to original design solutions through critical approach to complex design problems and also foresee potential user needs.
5)	Having the knowledge and ability to effectively use two and three dimensional design tools and technologies in industrial design
6)	Ability to participate in teamwork in companies and to effectively participate in industrial design project management
7)	Ability to have professional and ethical sense of responsibility
8)	To work independently, to take responsiblity and to develop designerly sensitivities towards global problems

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