Resources :
· Gerber, I., International Economics, Pearson Education, Inc., 3 rd.ed, 2005
· Salvatore, D., Inetrnational Economics, John Wiley & sons, Inc. 1999 sonrasındaki baskılar.

Course Outline :

· Introduction :The Subject Matter of International Economics; Why Nations Trade ?
· Views on Trade : the Mercantilistic view, classical approach ; general assumptions of pure trade theory.
· Theories :Smith and Absolute Advantage and models D.Ricardo and Relative Advantage in International Trade Haberler and Opportunity Conts.
· Gains from International Trade under constant, increasing and decreasing costs.
· Terms of Trade : The Role of Demand and Supply ; Community Indifference Curves, reciprocıty demand; offer curve analysis
· The Pattern of Trade : H-O Theorem and Factor Endowments; factor intensity, factor-price equalization, Stolper-Somuelson, Rybenzski Theorems.
· Leontief Paradox ; Extentions of the H- Model.
· Growth and Trade : effacts on the volume of trade, effects on the terms of trade ; immeserizing growth.
· New Theories : Skilled and unskılled labour hypothesis ; economies of scale ; product cyle, technological gap, product differentation.
· Synthesis of Trade Theories ; market structure, transportation costs; a look at monetary theory of International Economics; the structure of Balance of Payments.
· Endogenous Growth Thory and Trade

Grading Policy :

Mid-term exam : %40
Homework : %10
Final Exam : %50