Graduate Education Institute · Islamic Economics and Finance (English) · Master
Course Objective
This course focuses on international trade in goods, services, and capital. We will analyze the causes and consequences of international trade and investment. We will investigate why nations trade, what they trade, and who gains (or loses) from this trade. We will then analyze the motives for countries or organizations to restrict or regulate international trade and study the effects of such policies on economic welfare.
Course Content
The issues discussed will include the effects of trade on economic growth and wage inequality, analysis of protectionism, strategic trade barriers, the trade deficit, multinationals and foreign direct investment, international trade agreements and current trade policy disputes.
Course Learning Outcomes
- Students will learn the concepts of international economics, international trade and international trade policy.
- Will be able to recognize the basic concepts used in international trade theory.
- To analyze the links between International Economics and Macroeconomics and Monetary Theory.
- To understand international economic policies and their effects on the economy.
- To learn the basic theoretical structure of International Economics.
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 16 | 3 | 48 |
| Midterm | 1 | 10 | 10 |
| Quiz | 0 | 0 | 0 |
| Assignment | 1 | 10 | 10 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 20 | 20 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction | Chapter 1 |
| 2 | World Trade: An Overview | Chapter 2 |
| 3 | Labor Productivity and Comparative Advantage: The Ricardian Model | Chapter 3 |
| 4 | Specific Factors and Income Distribution | Chapter 4 |
| 5 | Resources and Trade: The Heckscher-Ohlin Model | Chapter 5 |
| 6 | The Standard Trade Model | Chapter 6 |
| 7 | External Economies of Scale and the International Location of Production | Chapter 7 |
| 8 | Ara Sınav | Chapters 1-7 |
| 9 | Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises | Chapter 8 |
| 10 | The Instruments of Trade Policy | Chapter 9 |
| 11 | The Political Economy of Trade Policy | Chapter 10 |
| 12 | Trade Policy in Developing Countries | Chapter 11 |
| 13 | Controversies in Trade Policy | Chapter 12 |
| 14 | Student Presentations | Reports |
| 15 | Review | Chapters 8-12 |
| 16 | Final Exam | Chapters 8-12 |