DOKUZ EYLÜL UNIVERSITY
FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES
COURSE SYLLABUS FORM
ACADEMIC YEAR
Course Code: ERA4301
Status: Elective
ECTS Credit: 6
Instruction Language: English
Course Title: International Trade: Theory and Policy
Year: 4
Semester: 7
Total Class Hours: 12 weeks x 3 hours = 36 hours
Instructor: Assoc. Prof. Ayşe Dilek SEYMEN
Course Objective: This course covers the microeconomics foundations of international trade, trade
policies and international trade policy negotiations.
Learning Outcomes:
1 To be able to explain differences between international trade and domestic trade.
2. To be able to explain reasons for trade.
3. To be able to explain different theoretical approaches over foreign trade by underlining their
assumptions and fundamentals.
4. To be able to develop talents in understanding the gains and losses from trade, comparing different
theories.
5. To be able to evaluate the theoretical framework of international trade policy
6. To be able to evaluate interaction between economic growth and foreign trade
7. To be able to explain basic knowledge for the assessment of daily economic affairs between
countries.
8. To be able to discuss and evaluate topics on world trading system and globalization.
Course Content:
Week
1
2
3
4
5
6
7
8
9
10
11
12
Topics
International Economics as an Extension of Economics: What is International
Trade? Why Do Countries Trade?
Historical Background for International Trade Theories: The Mercantilism and
Physiocracy
Classical Trade Theories: Arguments for Free Trade and Assumptions of the
Theories
Classical Trade Theories: A. Smith, D. Ricardo and J. S. Mill,
Neo- Classical Trade Theories: Offer Curves and Terms of Trade
Neo- Classical Trade Theories: General Equilibrium in Open and Closed
Economies and Gains from Trade
Neo- Classical Trade Theories: Heckscher-Ohlin Theorem: Factor Endowments
Inter-Industry Trade versus Intra-Industry Trade
Mid-term Exam
Mid-term Exam
New Models in International Trade: Imperfect Competition and Economies of
Scale, Monopolistic Competition and Product Differentiation,
New Models in International Trade: Oligopoly and Strategic Trade Policy, R&D
and International Trade
Free Trade versus Protectionism, Traditional Protectionism and New
Protectionism, Arguments for Protection, Instruments of Trade Policy: Tariffs and
Non-Tariff Barriers
13
14
Relations between Foreign Trade and Economic Growth
Evaluating Countries Trade Policies in Practice
Learning and Teaching Methods: The course is designed on a lecture and case/issue discussion
basis. The students are expected to continue all sessions and prepare for the discussions.
Suggested Sources for the Course:
Main References
* KRUGMAN, Paul R., Maurice Obstfeld, International Economics, Theory and Policy,
Second Edition, Harper Collins Publishers, 1991.
* SÖDERSTEN, Bo, Geoffrey Reed, International Economics, Third Edition, Macmillan,,
1994.
* BRENTON, Paul, Henry Scott, Peter Sinclair International Trade, A European Text,
Oxford University Press, 1997.
* CHACHOLIADES, Miltiades International Economics, McGraw-Hill International
Editions, New York 1990.
* CAVES, Richard E., Jeffrey A. Frankel, Ronald W.Jones World Trade and Payments, An
Introduction, Harper Collins Publishers, Newyork 1990.
Other References
*
BHAGWATI,
Jagdish
N.
Writings
on
International
Economics,
(edt:V.N.Balasubramanyam), Oxford University Press, Oxford, 1988.
* BHAGWATI, Jagdish N., Arvind Panagariya,T.N.Srinivasan Lectures on International
Trade, The MIT Press, Massachusetts 1998.
* CORDEN, W.Max, Trade Policy and Economic Welfare, Second Edition, Clerandon
Press, Oxford 1998.
* HABERLER, Gottfried Von, Theory of International Trade, William Hodge and
Company Ltd, London 1953.
* KINDLEBERGER, Charles P. International Economics, Richard D. Irwin, Inc,1968.
* MARKUSEN, J.R, J.R. Melvin, W.H. Kaempfer, K.E. Maskus, International Trade,
Theory and Evidence, McGraw-Hill, New York 1995.
Assessment Methods:
Mid-term exam
Quiz
Homework Assignments/
Presentation
Projects
Final Exam
Contact Details for the Instructor
e-mail: dilek.seymen@deu.edu.tr
Instructor Office Hours:
If used, check as (X).
Grading (%)
(X)
30
(X)
10
(X)
60
*Matrix of Course Learning Outcomes Versus Program
Outcomes
PO1 PO2 PO3 PO4 PO5 PO6 PO7 PO8
LO1
X
X
X
LO2
X
X
X
X
LO3
X
X
X
X
LO4
X
X
X
X
X
LO5
X
X
LO6
X
X
X
X
LO7
X
X
X
LO8
X
X
X
PO9
X
X