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) |
Learning the facts, concepts and principles related to tourism and hotel management |
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2) |
Having a theoretical and practical knowledge at the basic level related to the field |
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3) |
To be able to make analytical evaluations for tourism and travel sector |
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4) |
Learning the basic laws and regulations and professional standarts that apply regarding the tourism sector in Turkey and physical environment associated with hotel management space, tools, and use acquainted with the technology, applying the ethical values, protecting the natural environment |
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5) |
To be able to work efficiently in the tourism sector |
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6) |
Learning the characteristics of the major tourist destinations to apply this knowledge in the tourism sector for Turkey and worldwide |
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7) |
Organizing, coordinating and developing departments in accommodation organizations |
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8) |
To be able to define and develop sales techniques and income management practices applied in accommodation and food and beverage companies |
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9) |
Demonstrating the ability to apply professional working techniques in food and beverage establishments |
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