SECTION I: GENERAL INFORMATION ABOUT THE COURSE

Course Code	Course Name	Year	Semester	Theoretical	Practical	Credit	ECTS
70311METUS-MTL0021	International Economy and World Trade	1	Fall	3	0	3	6

Course Type :	Departmental Elective
Cycle:	Master      TQF-HE:7. Master`s Degree      QF-EHEA:Second Cycle      EQF-LLL:7. Master`s Degree
Language of Instruction:	Turkish
Prerequisities and Co-requisities:	N/A
Mode of Delivery:	E-Learning
Name of Coordinator:	Profesör Dr. KAAN EVREN BOLGÜN
Dersin Öğretim Eleman(lar)ı:	Doçent Dr. MEHMET YEŞİLYAPRAK Doçent Dr. NEVZAT EVRİM ÖNAL Profesör Dr. KAAN EVREN BOLGÜN
Dersin Kategorisi:

SECTION II: INTRODUCTION TO THE COURSE

Course Objectives & Content

Course Objectives:

The objective of this lesson is to create in students an understanding of the working mechanisms, institutions and contradictions of the current international economic system and world trade. In this context, the questions "through which processes the inequal system called 'global economy' came to be?"; "how it still carries the mark of these processes?" and "what are the current important issues defining and shaping it?" will be investigated.

Course Content:

Within the framework of the course these topics will be examined: how the production activity of man gave rise to commercial activity since prehistoric times; which historical processes were formed by the primitive, simple and modern stages of this trade; with which theories the international trade was explained by economics; what supranational institutions and formations the international economic field covers today, and how it operates in general; the place of Turkish economy in this system and the historicity of this place; within the framework of the "Globalization" period and the subsequent 2008 World Crisis, what are the problems the system is faced with today and what kind of transformation process it is in; the financial basis of the World Crisis and its contradictions; and the US-China competition, which is currently the main faultline in world economy.

Course Specific Rules

The students are expected to complete the readings suggested in the course syllabus for each week before the week is over.

Course Learning Outcomes (CLOs)

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:

Knowledge (Described as Theoritical and/or Factual Knowledge.)

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

Skills (Describe as Cognitive and/or Practical Skills.)

1) Identifies risks and opportunities and can create company policies and market strategies by correctly comprehending the international trade environment,

2) By comprehending the institutions and legislation regulating foreign trade, specializes in trade processes in order to prevent loss of time in applications.

3) Utilizes commonly used foreign trade practices effectively in activities.

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.)

1) Manages foreign trade operations and easily adapts to current applications with a holistic perspective.

Weekly Course Schedule

Week	Subject	Materials Sharing *
		Related Preparation	Further Study
1)	Introduction to International Economics and World Trade	No prior preparation is needed for this week
2)	International Trade Theory Analyzes: Theory of Comparative Advantage	(1) Reading: V. Gordon Childe (2) Watching: National Geographic, first episode of "Guns, Germs & Steel" documentary.
3)	International Trade Theory Analyzes: Supply and Demand Models
4)	Faktör Donatımı (Heckscher-Ohlin) Teorisi
5)	Foreign Trade Theory and Economic Growth Analyzes
6)	Foreign Trade Policy, Foreign Trade & Economic Development Relationship
7)	Tariffs and Non-Tariff Trade Policy Tools
8)	Liberalization of World Trade (Globalization, WTO)
9)	Uluslararası Ekonomik Entegrasyonlar (Avrupa Birliği, NAFTA)
10)	Financial Crisis Theories, Explanatory Models and Consequences
11)	US 2008 Mortgage Loan Crisis	Reading: Nouriel Roubini
12)	Exchange Rate Systems and Exchange Rate Change Theories	(1) Watching: David Harvey, The Crises of Capitalism (short animation) (2) Watching: Charles Ferguson, Inside Job, USA: Sony, 2010 (documentary).
13)	Global Trade Wars (US-China)	Reading: Minqi Li
14)	Foreign Balance of Payments, Balance Sheet Balancing Mechanisms	No prior preparation is needed for this week

*These fields provides students with course materials for their pre- and further study before and after the course delivered.

Recommended or Required Reading & Other Learning Resources/Tools

Course Notes / Textbooks:

Prof.Dr.Halil Seyitoğlu, (2007). Uluslararası İktisat, Teori, Politika ve Uygulama, 21.Baskı, Güzem Can Yayınları James Gerber, (2017). Uluslararası İktisat, 6.Baskı, Nobel Akademik Yayıncılık Korkut Boratav, Türkiye İktisat Tarihi 1908-2015, 23. Baskı, Ankara: İmge Yayınevi Paul Hirst ve Graham Thompson, Küreselleşme Sorgulanıyor, 4. Baskı, Ankara: Dost Yayınevi Nouriel Roubini, Kriz Ekonomisi, (2017). Pegasus Yayınevi, İstanbul Ahmet Söylemezoğlu, (2020). Küresel Ekonomi Düzeni: Kurumlar ve Kurallar, Remzi Kitapevi

References:

SECTION III: RELATIONSHIP BETWEEN COURSE UNIT AND COURSE LEARNING OUTCOMES (CLOs)

(The matrix below shows how the course learning outcomes (CLOs) associates with programme learning outcomes (both KPLOs & SPLOs) and, if exist, the level of quantitative contribution to them.)

Relationship Between CLOs & PLOs

(KPLOs and SPLOs are the abbreviations for Key & Sub- Programme Learning Outcomes, respectively. )

CLOs/PLOs	KPLO 1		KPLO 2					KPLO 3		KPLO 4
	1	2	1	2	3	4	5	1	2	1	2	3	4	5	6
CLO1
CLO2
CLO3
CLO4
CLO5

Level of Contribution of the Course to PLOs

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Programme Learning Outcomes	Contribution Level (from 1 to 5)
1)	To have the basic and theoretical knowledge required for business management.
	1.1 To be able to remember the basic functions of the business.
	1.2 To be able to evaluate various processes in business management from a systematic point of view.
2)	To be able to develop a vision of approaching problems in various subjects in the field of business management, using the case method.
	2.1 To be able to critically evaluate the knowledge and skills acquired in the field of business management.
	2.2 To be able to develop problem solving and decision making skills through individual and team work.
	2.3 Being able to develop appropriate business strategies in changing conditions, taking into account the benefits of stakeholders.
	2.4 To be able to comprehend the importance and necessity of adapting to the changes in the technological and business environment.
	2.5 Demonstrate the ability to manage employees and processes in a dynamic business world.
3)	To be able to effectively use the methodological knowledge acquired in scientific research and decision-making studies and to report the outputs with an analytical approach.
	3.1 To be able to produce solutions by considering the problems encountered in the field of business with an analytical way of thinking.
	3.2 To be able to produce projects that can create new opportunities in different fields of business management.
4)	In addition to the bachelor level competencies already acquired, s/he acquires the competencies that develop by the expectations of business world and the society defined as the institutional outcomes of our university on the professional level in business and/or academic life.
	4.1 Develops analyzing problems, solving them and managing the conflicts competence in the expert level.
	4.2 Participates as a team member in the environments that require the solving of the conflicts and acts as a leader when necessary.
	4.3 Evaluates the norms and standards present in the works in which s/he takes responsibility in a critical point of view, develops innovative and entrepreneurial ideas.
	4.4 Aware of the advanced technology and digital transformation possibilities in his/her works.
	4.5 By supporting the learnt courses with quantitative and qualitative data; and by using verbal and visual communication means, s/he transfers them to the groups within and outside his/her field in a systematical and effective way.
	4.6 Has cultural awareness and s/he transfers this to the groups within and outside his/her field.

SECTION IV: TEACHING-LEARNING & ASSESMENT-EVALUATION METHODS OF THE COURSE

Teaching & Learning Methods of the Course

(All teaching and learning methods used at the university are managed systematically. Upon proposals of the programme units, they are assessed by the relevant academic boards and, if found appropriate, they are included among the university list. Programmes, then, choose the appropriate methods in line with their programme design from this list. Likewise, appropriate methods to be used for the course units can be chosen among those defined for the programme.)

Teaching and Learning Methods defined at the Programme Level	Teaching and Learning Methods Defined for the Course
Lectures
Discussion
Case Study
Problem Solving
Demonstration
Views
Laboratory
Reading
Homework
Project Preparation
Thesis Preparation
Peer Education
Seminar
Technical Visit
Course Conference
Brain Storming
Questions Answers
Individual and Group Work
Role Playing-Animation-Improvisation
Active Participation in Class

Assessment & Evaluation Methods of the Course

(All assessment and evaluation methods used at the university are managed systematically. Upon proposals of the programme units, they are assessed by the relevant academic boards and, if found appropriate, they are included among the university list. Programmes, then, choose the appropriate methods in line with their programme design from this list. Likewise, appropriate methods to be used for the course units can be chosen among those defined for the programme.)

Aassessment and evaluation Methods defined at the Programme Level	Assessment and Evaluation Methods defined for the Course
Midterm
Presentation
Final Exam
Quiz
Report Evaluation
Homework Evaluation
Oral Exam
Thesis Defense
Jury Evaluation
Practice Exam
Evaluation of Implementation Training in the Workplace
Active Participation in Class
Participation in Discussions

Relationship Between CLOs & Teaching-Learning, Assesment-Evaluation Methods of the Course

(The matrix below shows the teaching-learning and assessment-evaluation methods designated for the course unit in relation to the course learning outcomes.)

Contribution of Assesment & Evalution Activities to Final Grade of the Course

Measurement and Evaluation Methods	# of practice per semester	Level of Contribution
Quizzes	2	% 30.00
Midterms	1	% 20.00
Semester Final Exam	1	% 50.00
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 50
PERCENTAGE OF FINAL WORK		% 50
Total		% 100

SECTION V: WORKLOAD & ECTS CREDITS ALLOCATED FOR THE COURSE

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	10	2	20
Special Course Internship (Work Placement)	0	0	0
Field Work	0	0	0
Study Hours Out of Class	10	8	80
Presentations / Seminar	1	2	2
Project	0	0	0
Homework Assignments	1	2	2
Total Workload of Teaching & Learning Activities	-	-	146
WORKLOAD OF ASSESMENT & EVALUATION ACTIVITIES
Assesment & Evaluation Activities	# of Activities per semester	Duration (hour)	Total Workload
Quizzes	0	0	0
Midterms	1	2	2
Semester Final Exam	1	2	2
Total Workload of Assesment & Evaluation Activities	-	-	4
TOTAL WORKLOAD (Teaching & Learning + Assesment & Evaluation Activities)			150
ECTS CREDITS OF THE COURSE (Total Workload/25.5 h)			6