Information Package / Course Catalogue
New Foreign Trade Theories
Course Code: İKT456
Course Type: Area Elective
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

Understand the reasons for the emergence of new foreign trade theories. To analyze the validity of these approaches in the world economy.

Course Content

Theories and models explaining new phenomena observed in the field of foreign trade will be examined. The methods of measuring the intra-industry and inter-industry trade structures of countries will be introduced to form the basis for these theoretical explanations.

Name of Lecturer(s)
Learning Outcomes
1.To be able to learn why countries do foreign trade.
2.To be able to understand the sharing of wealth provided from foreign trade.
3.To be able to comprehend the effect of different market structures on foreign trade.
4.To be able to learn new approaches in foreign trade theory.
5. To be able to acquire skills in measurement methods of inter-industry foreign trade and intra-industry foreign trade.
Recommended or Required Reading
1.Bakkalcı, A. C. (2023). Uluslararası İktisat Teorisi Küreselleşme ve Yeni Yeni Ticaret Teorileri. Seçkin Yayıncılık.
2.Bakkalcı, A. C. (2013). Yeni yeni ticaret teorilerinin makro-ekonomik doğası ve Türk ekonomisi. Yönetim Bilimleri Dergisi, 11(22), 69-98.
3.Güder, M. (2025). Exporter Premia, Self-selection and Learning-by-exporting: Evidence from Listed Firms in Türkiye. Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty, 12(2), 663-688. https://doi.org/10.30798/makuiibf.1606148
4.Güder, M. ve Bakkalcı, A. C. (2025). Uluslararası Ticaret Teorisinin Mikroekonomik Temelleri: Krugman ve Melitz’in Katkıları. Pamukkale Üniversitesi İşletme Araştırmaları Dergisi, 12(2), 368-395.
5.Helpman, E., & Krugman, P. (1985). Market structure and foreign trade: increasing returns, imperfect competition, and the international economy. The MIT Press.
6.Helpman, E. (1981). International trade in the presence of product differentiation, economies of scale, and monopolistic competition: A Chamberlin–Heckscher–Ohlin approach, Journal of International Economics, 11(3), 305–40.
7.Helpman, E., Melitz, M. J., & Yeaple, S. R. (2004). Export versus FDI with heterogeneous firms. American Economic Review, 94(1), 300-316.
8.Krugman, P. (1979). Increasing returns, monopolistic competition, and international trade. Journal of International Economics, 9(4), 469-479.
9.Krugman, P. (1980). Scale economies, product differentiation, and the pattern of trade. American Economic Review. 70(5), 950–959.
10.Melitz, J. M. (2003), The impact of trade on intra-industry reallocations and aggregate industry productivity, Econometrica, 71(6), 1695–725.
11.Melitz, M. J., & Redding, S. J. (2014). Heterogeneous firms and trade. G. Gopinath, E. Helpman, & Ken Rogoff (Ed.), Handbook of international economics, Vol. 4, (pp. 1–54). New Holland.
Weekly Detailed Course Contents
Week 1 - Theoretical
Economics Methodology and Evaluation of Foreign Trade Theory on the Method of Economics Methodology
Week 2 - Theoretical
Trade Volume and Structure: Theory of Comparative Advantages, Related Topics, Empirical Tests of the Ricardo Model
Week 3 - Theoretical
Trade Volume and Structure: The Heckshcher-Ohlin-Samuelson Theory, Related Topics, The Empirical Tests of the Heckshcher-Ohlin-Samuelson Model
Week 4 - Theoretical
Trade Volume and Structure: The Heckshcher-Ohlin-Samuelson Theory, Related Topics, The Empirical Tests of the Heckshcher-Ohlin-Samuelson Model 2
Week 5 - Theoretical
Human Capital Models (Kravis), Qualified Labor Models (Keesing), and Scale Economy Models (Dreze Modeli), Commodity Life Cycle Models (Vernon) and Similarity Models in Preferences
Week 6 - Theoretical
Factor Ratio Theory and Industrial Trade (Homogeneous Goods and Differentiated Goods)
Week 7 - Theoretical
Competitive Markets: New Heckscher-Ohlin, New Chamberlin and New Hotelling Modelleri
Week 8 - Theoretical
Competitive Markets: Models
Week 9 - Theoretical
Competitive Markets: Models
Week 10 - Theoretical
Oligopoly Markets
Week 11 - Theoretical
Homojon and Differentiated Goods Models
Week 12 - Theoretical
Multinational and Multifactor Company Models
Week 13 - Theoretical
Inter-industry and intra-industry trade measurement methods
Week 14 - Theoretical
Inter-industry and intra-industry trade measurement methods
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Assignment25520
Reading23414
Midterm Examination19110
Final Examination19110
TOTAL WORKLOAD (hours)124
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
OÇ-1
2
1
2
3
2
3
2
3
2
3
OÇ-2
2
3
2
3
2
3
2
2
3
2
OÇ-3
2
3
2
3
2
3
2
3
2
3
OÇ-4
2
3
2
3
2
3
2
3
2
2
OÇ-5
2
3
2
2
3
2
3
2
3
3
Adnan Menderes University - Information Package / Course Catalogue
2026