This course aims to provide students with a broad knowledge of the fundamental economic dynamics of emerging markets and the effects of international trade on emerging markets.
Course Content
This course contains; A Short History of Globalization (1870-1945),A Short History of Globalization (1945-1980),A Short History of Globalization (After 1980),Global Financial Crisis, Foreign Trade and Emerging Markets ,Country Case Studies: Turkey ,Country Case Studies: China and India, Country Case Studies: Russia and South Africa,Country Case Studies: Brazil and Mexico,Country Case Studies: Middle East Countries,The Effects of Fourth Industrial Revolution on Emerging Markets ,New Protectionism in the Global Trade , International Institutions/Organizations and Emerging Markets ,The Root Causes of Economic Growth in Emerging Markets ,Domestic Production, Export and Alternative Economic Policies .
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Will be able to explain the general economic structure of the emerging markets and their differences within themselves.
10, 13, 16, 9
A
1.1. Describe the changes that emerging markets have experienced in the globalization process.
1.2. Compare the different economic policies implemented by emerging markets.
2. Will be able to evaluate the importance of international trade for emerging markets.
10, 13, 16, 9
A
2.1. Analyses the effects of international trade on emerging markets.
2.2. Discuss gains and loses from trade liberalization.
3. Will be able to discuss the economic future of emerging markets.
10, 13, 16, 9
A
3.1. Suggests policy proposals that can help the emerging markets to grow faster.
3.2. Identify the risks that emerging markets may face in the coming years.
4. Can analyze the impact of international trade on economic growth and development.
13, 16, 9
A
4.1. Analyzes the effects of trade on employment in developing countries.
4.2. Evaluates the effects of worldwide economic growth on the economies of emerging markets.
5. Can interpret the impact of sustainable trade on emerging markets.
13, 16, 9
A
5.1. Understands the environmental impacts of trade.
5.2. Evaluate trade policies of developing countries to promote sustainable use of natural resources.
Teaching Methods:
10: Discussion Method, 13: Case Study Method, 16: Question - Answer Technique, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
A Short History of Globalization (1870-1945)
2
A Short History of Globalization (1945-1980)
3
A Short History of Globalization (After 1980)
4
Global Financial Crisis, Foreign Trade and Emerging Markets
5
Country Case Studies: Turkey
6
Country Case Studies: China and India
7
Country Case Studies: Russia and South Africa
8
Country Case Studies: Brazil and Mexico
9
Country Case Studies: Middle East Countries
10
The Effects of Fourth Industrial Revolution on Emerging Markets
11
New Protectionism in the Global Trade
12
International Institutions/Organizations and Emerging Markets
13
The Root Causes of Economic Growth in Emerging Markets
14
Domestic Production, Export and Alternative Economic Policies
Resources
‘’Ülke Deneyimleri Işığında Küresel Kriz ve Yeni Ekonomik Düzen’’ Fikret Şenses, Ziya Öniş ve Caner Bakır, İletişim Yayınları, 2015
ADDITIONAL RESOURCES
‘’Kalkınmacı Modernlik: Küresel Ekonomi Politik ve Türkiye’’ Sadık Ünay, Küre Yayıncılık, 2013
‘’Yeni Korumacılık ve Ticaret Savaşları’’ Sadık Ünay ve Şerif Dilek, SETA Analiz, 2017
‘’Dünya Ekonomisinde Dönüşüm-Sömürgecilikten Küreselleşmeye’’ Sinan Sönmez, İmge Kitapevi
‘’Kalkınma Yeniden: Alternatif İktisat Politikaları Elkitabı’’ Ha-Joon Chang ve Ilene Grabel, İmge Kitapevi, 2016
‘’Ulusların Düşüşü’’ Daron Acemoğlu ve James Robinson, Doğan Kitap, 2013
"International Economics" - Paul Krugman and Maurice Obstfeld, Pearson, 2017.
"International Trade: Theory and Policy" - Paul Krugman, Maurice Obstfeld, and Marc Melitz, Pearson, 2018.
"Global Business Today" - Charles W. L. Hill and G. Tomas M. Hult, McGraw-Hill Education, 2020.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
Defines the theoretical issues in the field of International Trade and Finance (ITF).
X
2
Describes the necessary quantitative and statistical methods in the field of ITF.
3
Uses at least one computer program in the field of ITF.
4
Sustains proficiency in a foreign language required in ITF.
5
Prepares trade and finance projects and leads teams.
X
6
Constantly updates himself / herself by following developments in science and technology with an understanding of the importance of lifelong learning through critically evaluating the knowledge and skills that s/he has got.
7
Uses theoretical and practical expertise in the field of ITF.
X
8
Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication skills.
9
Adopts organizational / institutional and social ethical values.
10
Within the framework of community involvement, adopts social responsibility principles and takes initiative when necessary.
11
Uses and analyses basic facts and data in various disciplines (economics, finance, sociology, law, business) in order to conduct interdisciplinary studies.
X
12
Gains expertise in global trade, export and import transactions, customs clearance and financing of foreign trade.
X
Assessment Methods
Contribution Level
Absolute Evaluation
Rate of Midterm Exam to Success
50
Rate of Final Exam to Success
50
Total
100
ECTS / Workload Table
Activities
Number of
Duration(Hour)
Total Workload(Hour)
Course Hours
14
3
42
Guided Problem Solving
5
3
15
Resolution of Homework Problems and Submission as a Report
0
0
0
Term Project
4
8
32
Presentation of Project / Seminar
0
0
0
Quiz
0
0
0
Midterm Exam
1
20
20
General Exam
1
30
30
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
139
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(139/30)
5
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.
Detail Informations of the Course
Course Description
Course
Code
Semester
T+P (Hour)
Credit
ECTS
INTERNATIONAL TRADE and EMERGING MARKETS
-
Spring Semester
3+0
3
5
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of Course
Turkish
Course Level
First Cycle (Bachelor's Degree)
Course Type
Elective
Course Coordinator
Prof.Dr. Rana ATABAY KUŞÇU
Name of Lecturer(s)
Prof.Dr. Nurullah GÜR
Assistant(s)
Aim
This course aims to provide students with a broad knowledge of the fundamental economic dynamics of emerging markets and the effects of international trade on emerging markets.
Course Content
This course contains; A Short History of Globalization (1870-1945),A Short History of Globalization (1945-1980),A Short History of Globalization (After 1980),Global Financial Crisis, Foreign Trade and Emerging Markets ,Country Case Studies: Turkey ,Country Case Studies: China and India, Country Case Studies: Russia and South Africa,Country Case Studies: Brazil and Mexico,Country Case Studies: Middle East Countries,The Effects of Fourth Industrial Revolution on Emerging Markets ,New Protectionism in the Global Trade , International Institutions/Organizations and Emerging Markets ,The Root Causes of Economic Growth in Emerging Markets ,Domestic Production, Export and Alternative Economic Policies .
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Will be able to explain the general economic structure of the emerging markets and their differences within themselves.
10, 13, 16, 9
A
1.1. Describe the changes that emerging markets have experienced in the globalization process.
1.2. Compare the different economic policies implemented by emerging markets.
2. Will be able to evaluate the importance of international trade for emerging markets.
10, 13, 16, 9
A
2.1. Analyses the effects of international trade on emerging markets.
2.2. Discuss gains and loses from trade liberalization.
3. Will be able to discuss the economic future of emerging markets.
10, 13, 16, 9
A
3.1. Suggests policy proposals that can help the emerging markets to grow faster.
3.2. Identify the risks that emerging markets may face in the coming years.
4. Can analyze the impact of international trade on economic growth and development.
13, 16, 9
A
4.1. Analyzes the effects of trade on employment in developing countries.
4.2. Evaluates the effects of worldwide economic growth on the economies of emerging markets.
5. Can interpret the impact of sustainable trade on emerging markets.
13, 16, 9
A
5.1. Understands the environmental impacts of trade.
5.2. Evaluate trade policies of developing countries to promote sustainable use of natural resources.
Teaching Methods:
10: Discussion Method, 13: Case Study Method, 16: Question - Answer Technique, 9: Lecture Method
Assessment Methods:
A: Traditional Written Exam
Course Outline
Order
Subjects
Preliminary Work
1
A Short History of Globalization (1870-1945)
2
A Short History of Globalization (1945-1980)
3
A Short History of Globalization (After 1980)
4
Global Financial Crisis, Foreign Trade and Emerging Markets
5
Country Case Studies: Turkey
6
Country Case Studies: China and India
7
Country Case Studies: Russia and South Africa
8
Country Case Studies: Brazil and Mexico
9
Country Case Studies: Middle East Countries
10
The Effects of Fourth Industrial Revolution on Emerging Markets
11
New Protectionism in the Global Trade
12
International Institutions/Organizations and Emerging Markets
13
The Root Causes of Economic Growth in Emerging Markets
14
Domestic Production, Export and Alternative Economic Policies
Resources
‘’Ülke Deneyimleri Işığında Küresel Kriz ve Yeni Ekonomik Düzen’’ Fikret Şenses, Ziya Öniş ve Caner Bakır, İletişim Yayınları, 2015
ADDITIONAL RESOURCES
‘’Kalkınmacı Modernlik: Küresel Ekonomi Politik ve Türkiye’’ Sadık Ünay, Küre Yayıncılık, 2013
‘’Yeni Korumacılık ve Ticaret Savaşları’’ Sadık Ünay ve Şerif Dilek, SETA Analiz, 2017
‘’Dünya Ekonomisinde Dönüşüm-Sömürgecilikten Küreselleşmeye’’ Sinan Sönmez, İmge Kitapevi
‘’Kalkınma Yeniden: Alternatif İktisat Politikaları Elkitabı’’ Ha-Joon Chang ve Ilene Grabel, İmge Kitapevi, 2016
‘’Ulusların Düşüşü’’ Daron Acemoğlu ve James Robinson, Doğan Kitap, 2013
"International Economics" - Paul Krugman and Maurice Obstfeld, Pearson, 2017.
"International Trade: Theory and Policy" - Paul Krugman, Maurice Obstfeld, and Marc Melitz, Pearson, 2018.
"Global Business Today" - Charles W. L. Hill and G. Tomas M. Hult, McGraw-Hill Education, 2020.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
Defines the theoretical issues in the field of International Trade and Finance (ITF).
X
2
Describes the necessary quantitative and statistical methods in the field of ITF.
3
Uses at least one computer program in the field of ITF.
4
Sustains proficiency in a foreign language required in ITF.
5
Prepares trade and finance projects and leads teams.
X
6
Constantly updates himself / herself by following developments in science and technology with an understanding of the importance of lifelong learning through critically evaluating the knowledge and skills that s/he has got.
7
Uses theoretical and practical expertise in the field of ITF.
X
8
Follows up-to-date technology using a foreign language at least A1 level, holds verbal / written communication skills.
9
Adopts organizational / institutional and social ethical values.
10
Within the framework of community involvement, adopts social responsibility principles and takes initiative when necessary.
11
Uses and analyses basic facts and data in various disciplines (economics, finance, sociology, law, business) in order to conduct interdisciplinary studies.
X
12
Gains expertise in global trade, export and import transactions, customs clearance and financing of foreign trade.