Course Learning Outcomes (CLOs) are those describing the knowledge, skills and competencies that students are expected to achieve upon successful completion of the course. In this context, Course Learning Outcomes defined for this course unit are as follows:
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Knowledge
(Described as Theoritical and/or Factual Knowledge.)
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1) Evaluates the effects of the global economy, which has become globalized with the liberalization of world trade, and the economic clusters of countries in foreign trade; relates and interprets how macroeconomic policies affect micro economies / companies in foreign trade within the context of risks and opportunities
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Skills
(Describe as Cognitive and/or Practical Skills.)
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1) Identifies risks and opportunities and can create company policies and market strategies by correctly comprehending the international trade environment,
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2) By comprehending the institutions and legislation regulating foreign trade, specializes in trade processes in order to prevent loss of time in applications.
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3) Utilizes commonly used foreign trade practices effectively in activities.
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Competences
(Described as "Ability of the learner to apply knowledge and skills autonomously with responsibility", "Learning to learn"," Communication and social" and "Field specific" competences.)
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1) Manages foreign trade operations and easily adapts to current applications with a holistic perspective.
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Week |
Subject |
Materials Sharing * |
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Related Preparation |
Further Study |
1) |
Examining of the general outlook of international economy and world trade, and the presentation of the framework of concepts to be used throughout the course. |
No prior preparation is needed for this week
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2) |
The historical development of world economy: From the first age to colonization. |
(1) Reading: V. Gordon Childe
(2) Watching: National Geographic, first episode of "Guns, Germs & Steel" documentary.
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3) |
The emergence of capitalism from the struggle between colonial empires: Merchantilism and Physiocracy |
Watching: National Geographic, second episode of "Guns, Germs & Steel" documentary.
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4) |
The trade theories of Classical Political Economy: Absolute and Comparative Advantages |
Reading: Selected passages from Adam Smith and David Ricardo
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5) |
The effect of the capital and human resources stock of a country on its foreign trade: Factor Endowments Theory |
No prior preparation is needed for this week
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6) |
How do the economic relations of a country with the rest of the world take shape, and how are they quantified? |
No prior preparation is needed for this week
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7) |
How does the foreign exchange rate as a macroeconomic variable take shape, and what are its relations to the other basic variables (inflation, interest rate, rate of economic growth)? |
No prior preparation is needed for this week
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8) |
MIDTERM |
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9) |
The articulation of Turkey to world economy. |
Reading: Korkut Boratav
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10) |
A critical view on "Globalization" concept and process |
Reading: Paul Hirst and Graham Thompson
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11) |
How did the last financial crisis happen? The boom and bust of the financial bubble. |
Reading: Nouriel Roubini
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12) |
The common explanations brought to world crisis and their critique. |
(1) Watching: David Harvey, The Crises of Capitalism (short animation)
(2) Watching: Charles Ferguson, Inside Job, USA: Sony, 2010 (documentary).
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13) |
The shaking of USA hegemony, the rise of China and Russia |
Reading: Minqi Li
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14) |
The concept of "illiberal" economics and the trade wars triggered |
No prior preparation is needed for this week
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15) |
Discussion on current situation and general recap |
No prior preparation is needed for this week
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Course Notes / Textbooks: |
Gordon Childe, Tarihte Neler Oldu?, İstanbul: Kırmızı.
Eric Hobsbawm, Kısa 20. Yüzyıl, İstanbul: Everest.
Hakan Mıhçı (ed.) “70. Yılında Bretton Woods Anlaşması”, Hacettepe Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 34(1) Özel Sayı
Patrick J. Geary, Uluslar Miti ve Avrupa Kimliği, İstanbul: Yazılama.
Korkut Boratav, Türkiye İktisat Tarihi 1908-2015, 23. Baskı, Ankara: İmge.
Paul Hirst ve Graham Thompson, Küreselleşme Sorgulanıyor, 4. Baskı, Ankara: Dost.
Nouriel Roubini, Kriz Ekonomisi, İstanbul: Pegasus.
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References: |
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(KPLOs and SPLOs are the abbreviations for Key & Sub- Programme Learning Outcomes, respectively. )
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Programme Learning Outcomes |
Contribution Level (from 1 to 5) |
1) |
Explains the basic and theoretical knowledge necessary for International trade and logistics. |
3 |
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1.1 Explains the basic functions and approaches in this area. |
3 |
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1.2 Evaluates different processes in this field with a systematic perspective. |
4 |
2) |
It also improves its vision of problem solving by making use of the case method on different topics in international trade and logistics. |
5 |
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2.1 Evaluates the knowledge and skills in the fields of international trade and logistics with a visionary approach. |
5 |
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2.2 Improves problem solving and scientific decision making skills in individual and team works. |
2 |
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2.3 It develops business strategies that may be suitable for different conditions. |
2 |
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2.4 Understands the need to adapt to the developments in the business and technology world. |
1 |
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2.5 Demonstrates the ability to manage employees and processes in the business environment. |
1 |
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3) |
Can use theoretical knowledge in scientific research and decision making effectively and report the outputs with an analytical approach. |
2 |
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3.1 Solves the problems faced in the field by analyzing them with an analytical approach. |
2 |
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3.2 Gains the competence to produce projects that can create new opportunities in different fields. |
2 |
4) |
It meets the expectations in the field of international trade and logistics with its competencies. |
1 |
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4.1 It develops work study, problem solving, leadership, teamwork, independent decision making and taking responsibility. |
1 |
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4.2 Information; uses it to gain cultural awareness by evaluating with a critical and solution-oriented approach. |
4 |
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4.3 Associates the changes in the field with a visionary and ethical understanding with quality and cultural values. |
4 |
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WORKLOAD OF TEACHING & LEARNING ACTIVITIES |
Teaching & Learning Activities |
# of Activities per semester |
Duration (hour) |
Total Workload |
Course |
14 |
3 |
42 |
Laboratory |
0 |
0 |
0 |
Application |
0 |
0 |
0 |
Special Course Internship (Work Placement) |
0 |
0 |
0 |
Field Work |
0 |
0 |
0 |
Study Hours Out of Class |
1 |
20 |
20 |
Presentations / Seminar |
1 |
15 |
15 |
Project |
0 |
0 |
0 |
Homework Assignments |
1 |
10 |
10 |
Total Workload of Teaching & Learning Activities |
- |
- |
87 |
WORKLOAD OF ASSESMENT & EVALUATION ACTIVITIES |
Assesment & Evaluation Activities |
# of Activities per semester |
Duration (hour) |
Total Workload |
Quizzes |
1 |
10 |
10 |
Midterms |
1 |
20 |
20 |
Semester Final Exam |
1 |
25 |
25 |
Total Workload of Assesment & Evaluation Activities |
- |
- |
55 |
TOTAL WORKLOAD (Teaching & Learning + Assesment & Evaluation Activities) |
142 |
ECTS CREDITS OF THE COURSE (Total Workload/25.5 h) |
6 |