Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS Credits
6ITF308International Trade And Practices3+0+036

Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program International Trade and Finance (Eng)
Mode of Delivery Face to Face
Type of Course Unit Compulsory
Objectives of the Course The aim of this course is to create a theoretical framework for international trade by explaining international trade theories, international trade transactions, and Incoterms.
Course Content This course consist of the concept of international trade, the history of trade classical and new theories of international trade , transactions of export and import trade, related regulatory institutions and organizations, Incoterms, Tariffs, Antidumping Proceedings, Quotas Voluntary Export Restrictions and Other Barriers.
Course Methods and Techniques lecture, discussion lecture, (2) case study
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Asist Prof. Fatma Dural fatma.dural@gedik.edu.tr
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Reuvid, J. & Sherlock, J., (2008), The Handbook of International Trade: A Guide to the Principles and Practice of Export, 2nd edition, GMB Publishing.
Paul R. Krugman and Maurice Obstfeld, Marc Melitz, International Trade: Theory and Policy
Weiss, K. D., (2007), Building an Import / Export Business, 4th Edition, Wiley.

Course Category
Mathematics and Basic Sciences %20
Social Sciences %30
Field %50

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 30
Quizzes 2 % 20
Final examination 1 % 50
Total
4
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 3 42
Hours for off-the-c.r.stud 14 3 42
Mid-terms 1 17 17
Practice 2 16 32
Final examination 1 20 20
Total Work Load   Number of ECTS Credits 6 153

Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Explain the characteristics of International Trade
2 Interpret International Trade Theories
3 Explain the basic concepts of international trade transactions like HS Code or INCOTERMS
4 Explain the payment methods used in international trade
5 Explain regulatory Institutions and Organizations and their roles.


Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Introduction to International Trade: Definition and Characteristics of International Trade, History of International Trade, Advantages and disadvantages of International Trade Lynham, J. (2018). Principles of Microeconomics: Hawaii Edition, “ Just Whose Iphone Is It?” (Pages: 1179-1184) DA. Irwin (2019), A Brief History of International Trade Policy Lynham, J. (2018). Principles of Microeconomics: Hawaii Edition, “ Just Whose Iphone Is It?” (Pages: 1179-1184) DA. Irwin (2019), A Brief History of International Trade Policy
2 International Trade Theories A Numerical Example of Absolute and Comparative Advantage available at: ue.gedik.edu.tr A Numerical Example of Absolute and Comparative Advantage available at: ue.gedik.edu.tr
3 International Trade New Theories A Numerical Example of Absolute and Comparative Advantage available at: ue.gedik.edu.tr A Numerical Example of Absolute and Comparative Advantage available at: ue.gedik.edu.tr
4 Import Trade https://trade.gov.tr/legislation/import https://trade.gov.tr/legislation/import
5 Export Trade https://www.trade.gov.tr/exports https://www.trade.gov.tr/exports
6 Writing Techniques in Foreign Trade Some of the most commonly used email formats for import businesses Available at ue.gedik.edu.tr Some of the most commonly used email formats for import businesses Available at ue.gedik.edu.tr
7 Writing Techniques in Foreign Trade Some of the most commonly used email formats for export businesses Available at ue.gedik.edu.tr Some of the most commonly used email formats for export businesses Available at ue.gedik.edu.tr
8 HS Code Delivery modes in international trade (INCOTERMS) What are Incoterms® rules? https://iccwbo.org/business-solutions/incoterms-rules/incoterms-rules-history/#anchor-incoterms What are Incoterms® rules? https://iccwbo.org/business-solutions/incoterms-rules/incoterms-rules-history/#anchor-incoterms
9 Payment Methods in international trade Methods of Payment https://www.trade.gov/methods-payment Basic Trade Finance Tools: Payment Methods in International Trade by Daniele Giovannucci https://documents1.worldbank.org/curated/en/747241468329432546/pdf/402640Finance11Giovannucci01PUBLIC1.pdf Methods of Payment https://www.trade.gov/methods-payment Basic Trade Finance Tools: Payment Methods in International Trade by Daniele Giovannucci https://documents1.worldbank.org/curated/en/747241468329432546/pdf/402640Finance11Giovannucci01PUBLIC1.pdf
10 Delivery methods in international trade Incoterms Rules for Any Mode of Transport Incoterms Rules for Sea and Inland Waterway Transport https://www.investopedia.com/terms/i/incoterms.asp Incoterms Rules for Any Mode of Transport Incoterms Rules for Sea and Inland Waterway Transport https://www.investopedia.com/terms/i/incoterms.asp
11 Foreign Trade Restrictions Tariffs, Antidumping Proceedings, Quotas Voluntary Export Restrictions and Other Barriers Chapter 17 “Restrictions on International Trade”Principles of Economics 2016 by University of Minnesota https://open.lib.umn.edu/principleseconomics/ Chapter 17 “Restrictions on International Trade”Principles of Economics 2016 by University of Minnesota https://open.lib.umn.edu/principleseconomics/
12 Regulatory Institutions and Organizations General Agreement on Tariffs and Trade (GATT) World Trade Organization (WTO) United Nations Conference on Trade and Development (UNCTAD) - International Trade Centre (ITC) International Monetary Fund (IMF) World Bank (EFTA (APEC) (NAFTA) The WTO and the International Trade Centre (ITC) https://www.wto.org/english/thewto_e/coher_e/wto_itc_e.htm What is the WTO?” On the WTO web site web (www.wto.org/english/thewto_e/whatis_e/whatis_e.htm#intro). The WTO and the International Trade Centre (ITC) https://www.wto.org/english/thewto_e/coher_e/wto_itc_e.htm What is the WTO?” On the WTO web site web (www.wto.org/english/thewto_e/whatis_e/whatis_e.htm#intro).
13 Risks in International Trade Commercial Risks Country and Political Risks Shipping Risks Credit Risks Foreign Exchange Risks Ethics Risks Foreign Exchange Risk https://www.trade.gov/foreign-exchange-risk Foreign Exchange Risk https://www.trade.gov/foreign-exchange-risk
14 Trade Policy Debates in Developed Countries: strategic Trade Policy, Outsourcing “The Globalization of Labor”, Chapter 5, IMF World Economic Outlook, April 2007, https://www.imf.org/-/media/Websites/IMF/imported-flagship-issues/external/pubs/ft/weo/2007/01/pdf/_5sumpdf.ashx “The Globalization of Labor”, Chapter 5, IMF World Economic Outlook, April 2007, https://www.imf.org/-/media/Websites/IMF/imported-flagship-issues/external/pubs/ft/weo/2007/01/pdf/_5sumpdf.ashx


Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7
C1 5 1 3 2 2 1 1
C2 5 2 2 2 2 1 1
C3 5 2 3 4 4 3 3
C4 5 1 3 4 2 3 3
C5 5 1 3 3 1 3 2

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