| 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 the international trade environment, multilateral and regional trade agreements.
Through chapters, readings, and case analyses, we will discuss issues related to types of trade policies, main international trade organizations and agreements; how and why they developed; current discussions and changes in them.
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| Course Content: |
Perspectives on international trade organizations; review of basic international economic relations, trade policy, instruments of trade policy, tariffs, nontariff barriers; world and international trade organizations after the World War II; Bretton-Woods System; IMF; GATT; European Economic Community; the crisis in 1970s; globalization and international trade organizations; collapse of Bretton-Woods System; globalization; growth of multinational corporations; World Trade Organization (WTO); principles of the WTO; degrees of economic integration; European Union (EU); institutions of the EU, EU product rules, regional integrations. |
| Week |
Subject |
Related Preparation |
| 1) |
• Syllabus.
• Discuss Library Orientation Course, Instructor to verify completion.
• Understand international trade organizations as organizations that establish rules, norms and regimes for the international trade.
• Recognize the existence of an international trading system.
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None |
| 2) |
• Illustrate consumer surplus.
• Illustrate producer surplus.
• Illustrate export on a graph.
• Illustrate import on a graph.
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None |
| 3) |
• Describe the effects of tariffs on resource allocation and income distribution.
• Illustrate the effects of tariffs on resource allocation and income distribution.
• Define deadweight loss.
• Describe efficiency loss.
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none |
| 4) |
• Define other potential costs of tariffs.
• Define retaliation.
• Describe the large country case.
• Illustrate when a large country can increase its welfare.
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none |
| 5) |
• Define value added.
• Calculate effective rate of protection.
• Describe with a diagram the effects of quotas on resource allocation and income distribution.
• Describe in words the effects of quotas on resource allocation and income distribution.
• List the nontariff barriers.
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none |
| 6) |
• Illustrate the sectors where tariffs tend to be higher.
• Describe the costs of protectionism.
• Understand the logic of collective action.
• List the reasons for using trade protectionism.
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none |
| 7) |
• Describe the effects of tariffs on resource allocation and income distribution.
• Illustrate the effects of tariffs on resource allocation and income distribution.
• Define deadweight loss.
• Describe efficiency loss.
• Define other potential costs of tariffs.
• Define retaliation.
• Define value added.
• Calculate effective rate of protection.
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none |
| 8) |
• Describe revenue and jobs as a reason of protectionism.
• Define infant industry argument for protectionism.
• Explain the national security argument for protectionism.
• Explain the retaliation argument for protectionism.
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none |
| 9) |
• Explain the importance of Bretton-Woods conference.
• Define institution.
• Classify and give examples of the main types of international economic organizations.
• Explain the role of IMF and World Bank in international economic relations.
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none |
| 10) |
• List the main agreements of WTO.
• Explain GATS.
• Explain TRIPS.
• Describe the types of intellectual property rights.
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none |
| 11) |
• Describe the principles of WTO.
• Explain the exceptions to the principles.
• Identify the existence of regional agreements as exceptions.
• Define the trade remedies.
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none |
| 12) |
• Explain the institutional structure of WTO.
• Describe the dispute settlement mechanism.
• Identify the steps of dispute settlement mechanism.
• Describe the trade policy review mechanism.
• Explain the decision-making in WTO.
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none |
| 13) |
• Explain the types of regional trade agreements.
• Compare the types of regional trade agreements.
• Give examples of different levels of economic integration.
• List the prominent regional trade agreements (RTA).
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none |
| 14) |
• Understand the relation between a RTA and the WTO.
• Define trade creation.
• Define trade diversion.
• Explain the role of international economic institutions using public goods.
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none |
| 15) |
Final exam
• List the nontariff barriers.
• Explain the reasons for using trade protectionism.
• List the main agreements of WTO.
• List the types of intellectual property rights.
• Describe the principles of WTO.
• Explain the exceptions to the principles.
• Discuss the trade remedies.
• Explain the types of regional trade agreements.
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none |
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Program Outcomes |
Level of Contribution |
| 1) |
Explain the essential body of knowledge in the area of business administration, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models |
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| 2) |
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) |
Recognize the importance of technological development, especially in information technologies, and utilize them in business administration |
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| 4) |
Evaluate the body of knowledge in the dynamic business world and business functional areas to asses needs, manage and lead change by using critical and innovative thinking |
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| 5) |
Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures |
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| 6) |
Fulfill their responsibility in teamwork and projects in businesses, and act as a leader |
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| 7) |
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 business administration |
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| 8) |
Recognize individual and multi-cultural diversity, and can emphatically interact with individuals from diverse cultural backgrounds in social and professional settings |
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| 9) |
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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| 10) |
Recognize interrelationship among business and other disciplines, and relate knowledge from diverse areas to formulate novel solutions in the area of business administration |
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ISTANBUL OKAN UNIVERSITY INFORMATION PACKAGE / COURSE CATALOGUE
