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) |
Students will able to explain the essential body of knowledge in the area of International Relations, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models. |
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2) |
Students will able to employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. |
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3) |
Students will able to categorize the basic concepts of Turkish politics, comparative politics, international relations, diplomatic history and foreign policy. |
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4) |
Students will able to analyze and critically evaluate local and global dynamics of contemporary socio-economic and political developments, foreign policy making and conflict resolution with all aspects. |
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5) |
Students will able to discover and create novel opportunities with an entrepreneurial spirit and use expertise to successfully establish and develop their own ventures. |
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6) |
Students will able to apply their knowledge in international institutions and multicultural environments and develop an interdisciplinary approach enabling them to relate and synthesize knowledge from diverse disciplines and draw novel conclusions. |
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7) |
Students will able to communicate in written and oral English with people from diverse backgrounds, and have the English proficiency to follow and interpret the global dynamics in the areas of International Relations. |
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8) |
Students will able to appreciate and defend human rights and multi-cultural diversity, and should emphatically interact with individuals from diverse cultural backgrounds in social and professional settings. |
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9) |
Students will able to identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. |
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