The course Contemporary International Economics (International Economics I) is designed to provide students with a deep understanding of the fundamental theories and practices of international trade. The primary objective of this course is to explore the benefits of free trade and how different economic theories explain global trade patterns. Through this course, students will gain insights into key concepts such as comparative advantage, factor proportions, the impact of trade on economic growth, and the roles of tariffs, trade blocs, and environmental considerations in shaping international economic policies.
The course begins with an introduction to the field of international economics, outlining the basic principles of supply and demand as they apply to global markets. Students will delve into the theory of comparative advantage, which explains why nations engage in trade and how they benefit from it. As the course progresses, students will explore the importance of factor availability and proportions in trade, as well as the economic impacts on different stakeholders, identifying who gains and who loses from trade.
In the latter part of the course, students will analyze specific trade policies, including tariffs and non-tariff barriers, and evaluate the arguments for and against protectionist measures. The course also examines strategies for promoting exports and the formation and impact of trade blocs. Environmental considerations, a critical aspect of modern international trade, will also be discussed. The course concludes with a comprehensive review, integrating theoretical knowledge with real-world policy issues, providing students with a holistic understanding of international economics and its practical implications in today's globalized world.
By the end of this course, students will be well-equipped to analyze international economic issues critically and apply theoretical insights to real-world scenarios, preparing them for advanced studies or careers in economics, international relations, and related fields.
- Öğretmen: Kemal ERKİŞİ