Industrial Engineering (English)
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

General course introduction information

Course Code:

UTIC407

Course Name:

Foreign Trade and The World Economy

Course Semester:

Spring

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. AYNUR PALA

Course Lecturer(s):

Assoc. Prof. AYNUR PALA

Course Assistants:

Course Objective and Content

Course Objectives:

The purpose of this course is to study the structure and dynamics of international trade within an evolving world economy from the perspective of a developing country, especially Turkey. Students will analyze the essential characteristics of foreign trade structures of developing countries within recent periods of world economy. Student will analyse current world economy and trade performance using by indicators.

Course Content:

At the end of the course the student will be able to:

• Discuss the characteristics of being an exporter in Turkey from the economic point of view
• Discern the difference between developed and developing countries in terms of trade and the importance of ethical approach.
• Explain the impact of colonialism, industrial revolution and first wave of globalization on international trade
• Explain the post-war structure of international trade within the context of development strategies of developing countries
• Describe current structure of international trade within the context of second wave of globalization, especially the fragmentation of production and global value chains
• Analyze the possible ways of joining and upgrading in global value chains using concrete examples from Turkey.

Learning Outcomes

The students who have succeeded in this course;

Learning Outcomes

1 - Knowledge
Theoretical - Conceptual
1) • Discuss the characteristics of being an exporter in Turkey from the economic point of view
2 - Skills
Cognitive - Practical
1) • Discern the difference between developed and developing countries in terms of trade and the importance of ethical approach.
3 - Competences
Communication and Social Competence
Learning Competence
1) • Explain the impact of colonialism, industrial revolution and first wave of globalization on international trade
Field Specific Competence
1) • Explain the post-war structure of international trade within the context of development strategies of developing countries
2) • Describe current structure of international trade within the context of second wave of globalization, especially the fragmentation of production and global value chains
3) • Analyze the possible ways of joining and upgrading in global value chains using concrete examples from Turkey.
Competence to Work Independently and Take Responsibility

Lesson Plan

Week	Subject	Related Preparation
1)	• Describe the course. • Describe how to classify sectors. • Define main sectors. • Define stages of production. • Explain Turkish export structure with respect to sectors and stages of production. • Discuss the relative position of Turkish exports and reason of this position. • Syllabus. • Discuss Library Orientation Course, Instructor to verify completion. • Describe the classification of production. • Explain stages of production. • Illustrate structure of Turkish exports. • Compare this structure with more developed and less developed countries.	Review the Syllabus. Complete the Library Orientation Course. Instructor to verify completion. Read the chapter 1 and 2 of Todaro and Smith (2012, pp.2-108). Read the case study at the end of the chapters and be prepared to discuss in class.
2)	• Discuss the meaning of development. • Explain how to measure development. • List the measures of development. • Describe the importance of ethical approach. • Describe the differences between developed and developing countries. • Compare the structure of Turkish exports with developed and other developing countries. • Discuss Final Class Project and Presentation, • List of Topics. • Explain what we mean by development. • Define the developing world. • Discuss the levels of industrialization.	Read chapters 3 of the Process of Economic Development (Cypher and Dietz, 2009, pp.73-106). Answer the review questions at the end of the chapter, be prepared to discuss in class.
3)	• Explain the emergence of colonialism. • Illustrate the process of colonization. • Describe the effects of colonialism. • Explain the structure of international trade during the colonial period. • Explain the change in colonialism. • Explain the origins of economic development • Define colonialism. • Describe the lasting effects of colonialism and path dependency. • Describe de-industrialization in the colonies. • Explain decolonization.	Library Research. Develop Tentative Bibliography Due: Project Topic Due: Tentative Bibliography Read chapter 3 of Todaro and Smith (2012, pp.109-154). Read the case study at the end of the chapter and be prepared to discuss in class.
4)	• Explain why we need theorizing the process of development. • List the classic theories of economic development. • Differentiate the neoclassical approach from the heterodox approach to development. • Discuss the differences among the four theories. • Due: Project Topic. • Due: Tentative Bibliography. • Describe the Rostow’s stage of growth. • Explain the Lewis theory of development. • Understand the international-dependence revolution. • Explain the neoclassical revolution.	Continue research and work on final project Read chapter 12 of Soubbotina (2004, pp.83-94).
5)	• Understand the meaning of globalization and issues surrounding it. • Differentiate between waves of globalization. • Discuss the costs and benefits of free trade. • Describe the changing nature of international trade. • Define globalization. • Explain the issues of globalization. • Describe the waves of globalization. • Explain the costs and benefits of free trade. • Explain geography and composition of global trade.	Continue research and work on final project
6)	• EXAM I • Explain the main features of current structure of Turkish exports. • Discuss the relative position of Turkish exports in the developing world. • Explain what the meaning of development is. • List the main indicators of development. • Describe the evolution of colonialism. • Discuss the differences of classical theories of development. • Differentiate the waves of globalization. • Describe the structure of Turkish exports. • Explain the meaning of development and its measures. • Describe colonialism. • Discuss the classical theories of development. • Explain globalization. • Describe waves of globalization.	Read chapter 12 of Todaro and Smith (2012, pp.564-637). Answer the review questions at the end of the chapter, be prepared to discuss in class. Read the case study at the end of the chapter and be prepared to discuss in class.
7)	• List the issues about trade and development. • Discuss the problems that developing countries face in exports earnings. • Explain the linkage between the traditional theory of international trade and development. • Describe the critique of traditional theory. • Differentiate between trade strategies followed by developing countries. • List the five basic questions about trade and development. • Discuss the importance of exports to different developing nations • Explain the traditional theories of international trade. • Understand the critique of traditional free-trade theory. • Describe the traditional trade strategies for development.	Continue research and work on final project Read chapters 9 of the Process of Economic Development (Cypher and Dietz, 2009, pp.271-307). Answer the review questions at the end of the chapters, be prepared to discuss in class. Read the case study at the end of the chapters and submit the answers, be prepared to discuss in class.
8)	• Understand the necessity of industrialization. • Discuss the relation of structural change to economic growth • Explain the timing of infant industry protection. • Describe the role of the state in Import Substitution Industrialization (ISI). • Understand how to measure the success of easy ISI. • Discuss the need to industrialize. • Explain the easy ISI. • Define infant industry protection. • Explain when to eliminate infant industry protection. • Describe the importance of state to successful ISI.	Continue research and work on final project Read chapters 10 of the Process of Economic Development (Cypher and Dietz, 2009, pp.308-340). Answer the review questions at the end of the chapters, be prepared to discuss in class. Read the case study at the end of the chapters and be prepared to discuss in class.
9)	• Differentiate between easy and difficult Import Substitution Industrialization (ISI). • Discuss and explain the concept of strategy switching. • Understand the easy export substitution. • Explain what developing countries can learn from East Asia. • Define strategy switching. • Explain how to continue structural change • Describe easy export substitution industrialization. • Define difficult ISI • Summarize the lessons of strategies.	Continue research and work on final project Read Baldwin, 2013 (chapter 1 of Global Value Chains in a Changing World, pp.13-60)
10)	• Understand the importance of technology in globalization. • Define global supply chains. • Describe how global supply chains (GSCs) emerged. • Explain why GSCs matter. • Discuss where GSCs are going. • Describe types of technologies that have driven globalization. • Define first unbundling of production. • List the facts that mark the first unbundling. • Describe the second unbundling. • List the indicators of GSCs. • Discuss smile curve economics.	Continue research and work on final project Read Gereffi, 2005 (chapter 8 of The Handbook of Economic Sociology, pp.160-182).
11)	• Describe how the global economy can be studied. • Explain the role of transnational corporations (TNCs) in the global economy. • Understand the changing patterns of international division of labor. • Explain the changing nature of global economic integration. • Illustrate industrial upgrading. • Define different levels of analysis of global economy • Explain the difference between internationalization and globalization. • Explain the origins of global economy. • List the distinctive features of the contemporary global economy. • Describe the reorganization of production and trade in global economy. • Illustrate industrial upgrading and global production networks.	Due: First Draft of Final Project Read Humphrey, 2004.
12)	• MIDTERM EXAM II • Describes the problems that developing countries encounter in international trade. • Discuss and critique the traditional theories of international trade. • Describe the traditional trade strategies for development. • Explain the role of technology in globalization. • Understand the changing patterns of international division of labor. • Explain the changing nature of global economic integration. • Illustrate industrial upgrading. • Discuss the importance of exports to different developing nations • Understand the critique of traditional free-trade theory. • Describe the traditional trade strategies for development. • Describe types of technologies that have driven globalization. • List the distinctive features of the contemporary global economy. • Describe the reorganization of production and trade in global economy. • Illustrate industrial upgrading and global production networks.	Read Humphrey, 2004.
13)	• Understand changing image of export activity for developing country firms. • Explain the importance of entry into global value chains. • Describe the types of GVCs. • Identify the steps of upgrading trajectory. • Explain the role of GVCs in the development of East Asian countries. • Explain the new forms of coordinating global production and distribution. • Describe the steps of upgrading. • Identify the relation between global buyers and access to global markets. • Describe the formation of global supply networks. • Explain the value chain strategies for global markets.	Editing & Revision of Final Project Read Tokatli and Kızılgün, 2004.
14)	• Describe the difficulties facing manufacturers in a developing country. • Understand the role of power relationships in GVCs. • Explain the fragilities of these power relationships. • Describe the features of global clothing industry. • Understand the role of strategic intent in upgrading. • Explain the importance of understanding the uneven nature of power relationships in GVCs. • Describe the new global clothing industry. • Explain upgrading in the new global clothing industry. • Explain upgrading in Turkey and background on Turkish firms. • Describe the transformation of Erak Clothing.	Editing & Revision of Final Project
15)	• Final Project • Final Presentation • Final Exam • Discuss the meaning of development. • Compare the structure of Turkish exports with developed and other developing countries. • Describe the effects of colonialism. • Explain the structure of international trade during the colonial period. • Differentiate the neoclassical approach from the heterodox approach to development. • Differentiate between waves of globalization. • Differentiate between trade strategies followed by developing countries. • Understand the importance of technology in globalization. • Explain the role of transnational corporations (TNCs) in the global economy. • Understand the changing patterns of international division of labor. • Explain the changing nature of global economic integration. • Understand changing image of export activity for developing country firms. • Explain the importance of entry into global value chains. • Describe the types of GVCs. • Identify the steps of upgrading trajectory. • Understand the role of strategic intent in upgrading. • Illustrate structure of Turkish exports. • Compare this structure with more developed and less developed countries. • Define colonialism. • Describe the lasting effects of colonialism and path dependency. • Understand the international-dependence revolution. • Explain the neoclassical revolution. • Describe the waves of globalization. • Describe the traditional trade strategies for development. • Describe types of technologies that have driven globalization. • List the distinctive features of the contemporary global economy. • Describe the reorganization of production and trade in global economy. • Describe upgrading. • Illustrate upgrading.	Prepare and submit an upgrading plan for a company.

Sources

Course Notes / Textbooks:

Ekonomik Kalkınma
Feride Doğaner Gönel
2010 Efil | 1nci Basım
ISBN: 978-605-4334-45-2

Economic Development
Michael P. Todaro and Stephen C. Smith
2012 Pearson | 11th Edition
ISBN 978-0-13-801388-2

References:

Workshop on Trade Policy and Trade Indicators, Economic Commission for Latin America and the Caribbean
Mariano Alvarez, Economic Affairs Officer
Zebulun Kreiter, Economic Affairs Officer
Marcelo Pereira Dolabella, Consultant

TİCARET BAKANLIĞI 2022 YILI FAALİYET RAPORU

Onbirinci Kalkınma Planı: Dış Ticaret ÖİK Raporu

Dış Ticaret ve Başlıca Ekonomik Göstergeler - Foreign Trade and Main Economic Indicators 2014

İktisat Tarihi
Yazar: Tevfik GÜRAN
Yayıncı: Anadolu Üniversitesi Yayınları; 1. Baskı (2013)
ISBN: 978-975-06-1468-2

Global Değer Zincirleri ve Türkiye İhracatı
Yazar: Rüstem Yanar ve Osman S. Sesliokuyucu
Yayıncı: EconAnadolu 2013: Anadolu International Conference in Economics III (2013)
http://www.econanadolu.org/en/index.php/articles2013/3528-GLOBAL-DEER-ZNCRLER-TRKYE-HRACATI.html

Gelecek Yeni Nesil Fasonda mı?
Yazar: Özlem Aydın Ayvacı
Yayıncı: Capital Dergisi (2009)
http://www.capital.com.tr/liderlik/gelecek-yeni-nesil-fasonda-mi-haberdetay-5740

Türkiye'nin Fason Devleri
Yazar: Capital Dergisi, 2004
http://www.capital.com.tr/diger/turkiyenin-fason-devleri-haberdetay-851

Uluslararası Üretim Zincirlerinde Dönüşüm ve Türkiye’nin Konumu
Yazar: Erol Taymaz, Ebru Voyvoda ve Kamil Yılmaz
Yayıncı: TÜSİAD; 1. Baskı (2011)
ISBN: 978-9944-405-77-5
The Process of Economic Development
Authors: James M. Cypher and James L. Dietz
Publisher: Routledge; 3rd Edition (2009)
ISBN-13: 978-0-415-77103-0 | ISBN-10: 0-415-77103-X

Beyond Economic Growth: An Introduction to Sustainable Development
Authors: Tatyana P. Soubbotina
Publisher: World Bank; 2nd Edition (2004)
ISBN: 0-8213-5933-9

“Global supply chains: why they emerged, why they matter, and where they are going” in Global value chains in a changing world (eds: Deborah K. Elms and Patrick Low)
Author: Richard Baldwin
Publisher: WTO Publications; 1st edition (2013)
ISBN: 978-92-870-3882-1

“The Global Economy: Organization, Governance, and Development” in The Handbook of Economic Sociology (eds: Neil J. Smelser and Richard Swedberg)
Author: Gary Gereffi
Publisher: Princeton University Press, 2nd Edition (2005)
ISBN: 0-691-12125-7

Upgrading in Global Value Chains
Author: John Humphrey
Publisher: International Labor Office, 2004
ISBN: 92-2-116016-5

Upgrading in the Global Clothing Industry: Mavi Jeans and the Transformation of a Turkish Firm from Full-Package to Brand-Name Manufacturing and Retailing
Author: Nebahat Tokatli and Ömür Kızılgün
Journal: Economic Geography 80(3): 221-240, 2004
Publisher: Clark University

Course-Program Learning Outcome Relationship

Learning Outcomes	1	2	3	4	5	6
Program Outcomes
1) Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied information in these areas to model and solve engineering problems.
2) Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modelling methods for this purpose.
3) Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way so as to meet the desired result; ability to apply modern design methods for this purpose. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety issues, and social and political issues according to the nature of the design.)
4) Ability to devise, select, and use modern techniques and tools needed for engineering practice; ability to employ information technologies effectively.
5) Ability to design and conduct experiments, gather data, analyse and interpret results for investigating engineering problems.
6) Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
7) Ability to communicate effectively i Turkish, both orally and in writing; knowledge of a minimum of one foreign language.
8) Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself.
9) Awareness of professional and ethical responsibility.
10) Information about business life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development.
11) Knowledge about contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; awareness of the legal consequences of engineering solutions.

Course - Learning Outcome Relationship

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

	Program Outcomes	Level of Contribution
1)	Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied information in these areas to model and solve engineering problems.
2)	Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modelling methods for this purpose.
3)	Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way so as to meet the desired result; ability to apply modern design methods for this purpose. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety issues, and social and political issues according to the nature of the design.)
4)	Ability to devise, select, and use modern techniques and tools needed for engineering practice; ability to employ information technologies effectively.
5)	Ability to design and conduct experiments, gather data, analyse and interpret results for investigating engineering problems.
6)	Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
7)	Ability to communicate effectively i Turkish, both orally and in writing; knowledge of a minimum of one foreign language.
8)	Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself.
9)	Awareness of professional and ethical responsibility.
10)	Information about business life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development.
11)	Knowledge about contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; awareness of the legal consequences of engineering solutions.

Learning Activity and Teaching Methods

Expression
Brainstorming/ Six tihnking hats
Individual study and homework
Lesson
Reading
Homework

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Homework

Assessment & Grading

Semester Requirements	Number of Activities	Level of Contribution
Midterms	1	% 40
Final	1	% 60
total		% 100
PERCENTAGE OF SEMESTER WORK		% 40
PERCENTAGE OF FINAL WORK		% 60
total		% 100

Workload and ECTS Credit Grading

Activities	Number of Activities	Workload
Course Hours	15	45
Study Hours Out of Class	15	90
Presentations / Seminar	1	2
Project	1	8
Midterms	2	18
Final	1	14
Total Workload		177