Information Package / Course Catalogue
International Economic Theory
Course Code: ECON305
Course Type: Required
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The main purpose of the course is to explain to students the reasons why countries trade, the benefits of foreign trade, its composition, and the theories that explain the formation of relative prices in foreign trade. It also aims to analyze and interpret international economic theory.

Course Content

Some key topics to be covered include history of international trade, Classical and Neo-classical foreign trade theory, factor endowment theory, foreign trade earnings and income distribution, new foreign trade theories, economic growth, and foreign trade analysis.

Name of Lecturer(s)
Prof. Aslı YENİPAZARLI
Learning Outcomes
1.Students will be able to explain basic economic concepts and how they relate to foreign trade and the rest of the world.
2.Students will be able to interpret the development of foreign trade models and evaluate foreign trade models in the global world.
3.Students will learn to analyze modern foreign trade with technology and human capital-oriented applications
4.Students will have the opportunity to examine the competitive environment in foreign trade at the level of multinational companies, recognize the scales of competition and be informed about practices.
5.Students will be able to interpret new trends and new approaches in foreign trade on a country basis, associating them with economic development.
Recommended or Required Reading
1.Ünsal, E. (2007). Uluslararası İktisat. İmaj Yayınevi.
2.Seyidoğlu, H. (2017). Uluslararası İktisat: Teori, Politika ve Uygulama. Güzem Can Yayınları.
3.Salvatore, D. (2013). International Economics. Wiley.
4.Krugman, P., Obsfeld, M., Melitz, M. J. (2016). Uluslararası İktisat Teori ve Politika. Palme Yayıncılık.
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction to International Economics
Week 2 - Theoretical
Theory of International Economics: Why do countries trade?
Week 3 - Theoretical
Adam Smith: Absolute Advantage Theory
Week 4 - Theoretical
David Ricardo: Comparative Advantage Theory
Week 5 - Theoretical
Neoclassical Economics: Opportunity Cost Analysis
Week 6 - Theoretical
Supply and Demand in Foreign Trade
Week 7 - Theoretical
Offer Curves Analysis
Week 8 - Theoretical
Factor Endowment Theory: Heckscher-Ohlin Model
Week 9 - Theoretical
Theories and Paradoxes Derived from the Heckscher-Ohlin Model
Week 10 - Theoretical
Modern Trade Theories
Week 11 - Theoretical
Trade and Economic Growth
Week 12 - Theoretical
Factor Supply and Economic Growth
Week 13 - Theoretical
Trade and Technological Change
Week 14 - Theoretical
Trade, Economic Growth and Welfare
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%30
Final Examination1%60
Quiz1%10
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Midterm Examination120121
Final Examination130131
TOTAL WORKLOAD (hours)122
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
OÇ-1
5
5
5
2
3
3
2
4
2
3
4
4
OÇ-2
5
5
5
2
3
3
2
4
2
3
4
4
OÇ-3
5
5
5
2
3
3
2
4
2
3
4
4
OÇ-4
5
5
5
2
3
3
2
4
2
3
4
4
OÇ-5
5
5
5
2
3
3
2
4
2
3
4
4
Adnan Menderes University - Information Package / Course Catalogue
2026