COURSE DESCRIPTION AND APPLICATION INFORMATION

Course Name Code Semester T+A+L (hour/week) Type (C / O) Local Credit ECTS
International Trade Theory and Policy ITF 305 Fall 03+00+00 Elective 3 5
Academic Unit: Department of International Trade and Finance / Faculty of Management
Mode of Delivery: Face to face
Prerequisites: -
Language of Instruction: English
Level of Course Unit: Undergraduate
Course Coordinator: - -
Course Objectives: 1. To provide students with the fundamental theory and national and institutional policy issues of international trade 2. To achieve an understanding of nations’ and institutions’ benefits and gains from international trade, patterns of international trade, theoretical views and policy approaches on international trade, resrictions on international trade, foreign exchange market and monetary sytem that embrace international trade
Course Contents: Importance of international trade for nations and firms, the law of comparative advantage, standard and factor endowmnets related theory for international trade, trade restrictions, international resources and trade, impacts of foreign exchange markets, national income accounts, economic structures and monetary policies on the international trade
Learning Outcomes of the Course Unit (LO):
  • 1- Understand the meaning and importance of international trade
  • 2- Know the basic theoretical aspects of international trade and its benefits for nations and corporations
  • 3- Obtain a fundamental knowledge for further learnings on international trade systems, international trade finance and investments and multinational corporate management
Planned Learning Activities and Teaching Methods: Lectures, assignment of study problems and presentation of solutions, case investigations, exams, computer based computations for problem solving and data analysis


WEEKLY SUBJECTS AND RELATED PREPARATIONS

WeekSubjectsRelated Preperation LO
1 International trade and and gains from it Reading of textbooks, lecture notes and other assigned material 1
2 The law of comparative advantage Reading of textbooks, lecture notes and other assigned material 1, 2
3 Standard theory of international trade Reading of textbooks, lecture notes and other assigned material 2
4 Demand, supply and terms of trade Reading of textbooks, lecture notes and other assigned material 2
5 Imperfect competition, trade size and scale problems in international trade Reading of textbooks, lecture notes and other assigned material 2
6 Exam 1 Review
7 Trade restrictions, barriers, borders and protectionism Reading of textbooks, lecture notes and other assigned material 2
8 Integrated international trade markets, international trade development strategies Reading of textbooks, lecture notes and other assigned material 2
9 Movement of production factors in production and trade, and opportunities for international instutions and corporations Reading of textbooks, lecture notes and other assigned material 2
10 Balance of payments and and its reflections on firms Reading of textbooks, lecture notes and other assigned material 2, 3
11 Exam 2 Review
12 Foreign exchange markets and determination of exchange rates Reading of textbooks, lecture notes and other assigned material 3
13 International trade policy at firm level Reading of textbooks, lecture notes and other assigned material 3
14 International trade policy at firm level International trade policy at national level Reading of textbooks, lecture notes and other assigned material 3


REQUIRED AND RECOMMENDED READING

International Trade: Theory and Policy, Paul R. Krugman, Maurice Obstfeld, MarcMoltz, 2015, Pearson


OTHER COURSE RESOURCES

International Economics: Trade and Finance, Dominick Salvatore, 2014, Wiley


ASSESSMENT METHODS AND CRITERIA

Semester RequirementsNumberPercentage of Grade (%)
Attendance / Participation 14 -
Practice / Exercise 5 5
Homework Assignments 5 5
Midterms / Oral Exams / Quizes 2 50
Final Exam - 40
Total: 26 100


WORKLOAD

EventsCountDuration (Hours)Total Workload (hour)
Course Hours32132
Practice / Exercise515
Homework Assigments313
Midterms / Oral Exams / Quizes22040
Final Exam14545
Total Workload (hour):125


THE RELATIONSHIP BETWEEN COURSE LEARNING OUTCOMES (LO) AND PROGRAM QUALIFICATIONS (PQ)

# PQ1 PQ2 PQ3 PQ4 PQ5 PQ6 PQ7 PQ8 PQ9 PQ10 PQ11 PQ12
LO1                        
LO2                        
LO3