Aviation Management | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | ITRD301 | ||||||||
Course Name: | International Trade Models | ||||||||
Course Semester: | Fall | ||||||||
Course Credits: |
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Language of instruction: | TR-EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Common Pool | ||||||||
Course Level: |
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Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Assoc. Prof. BÜLENT HOCA | ||||||||
Course Lecturer(s): |
Dr.Öğr.Üyesi SEDA KEKLİK Prof. Dr. AYLİN SOYDAN |
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Course Assistants: |
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. |
The students who have succeeded in this course;
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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. |
Course Notes / Textbooks: | Uluslararası İktisat Yazar: Halil Seyidoğlu Yayıncı: Güzem Can Yayınları, 20.Baskı, 2015 ISBN: 975-7516-10-4 |
References: | yok |
Learning Outcomes | 1 |
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Program Outcomes | ||||||||||||||||||||
1) He/she has in-depth information required by the legal, social and environmental framework in which all transportation operations, especially aviation, are involved. | ||||||||||||||||||||
2) He/she has advanced theoretical and practical knowledge, supported by books, equipment and other sources containing up-to-date information on air transportation / logistics. | ||||||||||||||||||||
3) He/she has sufficient knowledge for the technical aspects of air transportation and logistics. | ||||||||||||||||||||
4) He/she has sufficient legal knowledge on basic issues related to international trade and business. | ||||||||||||||||||||
5) He/she uses theoretical and practical knowledge in aviation business management, logistics, transportation and business management solutions together. | ||||||||||||||||||||
6) He/she uses theoretical and applied knowledge in mathematics, science and transportation together to solve operational problems. | ||||||||||||||||||||
7) He/she identifies, defines, formulates and solves basic problems related to the field of air transportation / logistics. For this purpose, he/she selects and applies appropriate analytical methods and modeling techniques. | ||||||||||||||||||||
8) He/she analyzes a system, system component or process and designs it under realistic constraints to meet desired requirements; applies modern design methods accordingly. | ||||||||||||||||||||
9) He/she selects and uses modern and technical tools required for basic applications in air transportation / logistics. | ||||||||||||||||||||
10) He/she independently conducts a comprehensive advanced level study in air transportation / logistics. | ||||||||||||||||||||
11) He/she accesses information by doing research, uses databases and other information resources. | ||||||||||||||||||||
12) He/she works effectively in multidisciplinary teams and takes responsibility. | ||||||||||||||||||||
13) He/she plans project development studies in the field and manages related activities. | ||||||||||||||||||||
14) He/she organizes, plans and directs teamwork in air transportation / logistics related comprehensive projects. | ||||||||||||||||||||
15) With the awareness of the necessity of life-long learning, he/she follows science and technology developments in aviation management, logistics and transportation and renews himself/herself constantly. He/she also evaluates the knowledge / skills acquired in the field with a critical thinking. | ||||||||||||||||||||
16) He/she works individually and in multi-disciplinary teams in aviation management, national and international transportation and logistics environments both in theoretical and applied fields. | ||||||||||||||||||||
17) He/she selects and uses modern and technical tools necessary for air transport / logistics applications. | ||||||||||||||||||||
18) He/she communicates effectively with relevant people and institutions, being aware of the universal and social effects of applications and solutions in the aviation field. | ||||||||||||||||||||
19) He/she develops solutions to problems and shares his ideas in writing and verbally, supporting them with quantitative and qualitative data. | ||||||||||||||||||||
20) He/she has a comprehensive understanding about management of aviation companies, safety and security issues in aviation, air law, airport operations and technical aspects of aviation specific applications. | ||||||||||||||||||||
21) He/she is aware of the aviation principles and values. He/she has professional and ethical responsibility. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | He/she has in-depth information required by the legal, social and environmental framework in which all transportation operations, especially aviation, are involved. | |
2) | He/she has advanced theoretical and practical knowledge, supported by books, equipment and other sources containing up-to-date information on air transportation / logistics. | |
3) | He/she has sufficient knowledge for the technical aspects of air transportation and logistics. | |
4) | He/she has sufficient legal knowledge on basic issues related to international trade and business. | |
5) | He/she uses theoretical and practical knowledge in aviation business management, logistics, transportation and business management solutions together. | |
6) | He/she uses theoretical and applied knowledge in mathematics, science and transportation together to solve operational problems. | |
7) | He/she identifies, defines, formulates and solves basic problems related to the field of air transportation / logistics. For this purpose, he/she selects and applies appropriate analytical methods and modeling techniques. | |
8) | He/she analyzes a system, system component or process and designs it under realistic constraints to meet desired requirements; applies modern design methods accordingly. | |
9) | He/she selects and uses modern and technical tools required for basic applications in air transportation / logistics. | |
10) | He/she independently conducts a comprehensive advanced level study in air transportation / logistics. | |
11) | He/she accesses information by doing research, uses databases and other information resources. | |
12) | He/she works effectively in multidisciplinary teams and takes responsibility. | |
13) | He/she plans project development studies in the field and manages related activities. | |
14) | He/she organizes, plans and directs teamwork in air transportation / logistics related comprehensive projects. | |
15) | With the awareness of the necessity of life-long learning, he/she follows science and technology developments in aviation management, logistics and transportation and renews himself/herself constantly. He/she also evaluates the knowledge / skills acquired in the field with a critical thinking. | |
16) | He/she works individually and in multi-disciplinary teams in aviation management, national and international transportation and logistics environments both in theoretical and applied fields. | |
17) | He/she selects and uses modern and technical tools necessary for air transport / logistics applications. | |
18) | He/she communicates effectively with relevant people and institutions, being aware of the universal and social effects of applications and solutions in the aviation field. | |
19) | He/she develops solutions to problems and shares his ideas in writing and verbally, supporting them with quantitative and qualitative data. | |
20) | He/she has a comprehensive understanding about management of aviation companies, safety and security issues in aviation, air law, airport operations and technical aspects of aviation specific applications. | |
21) | He/she is aware of the aviation principles and values. He/she has professional and ethical responsibility. |
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 |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Homework | |
Observation |
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 |
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 |