Assistant  Professor Nermin YAÅžAR

Course Description:

International economics is growing in importance as a field of study because of the rapid integration of international economic markets. Increasingly, businesses, consumers, and governments realize that their lives are affected not only by what goes on in their own town, state, or country but also by what is happening around the world. This course will help students to understand the effects of international trade on individuals and businesses and the effects of changes in trade policies and other economic conditions.

Course Objectives: 

The main goal for this course is  to develop a core understanding of the classical theory of comparative advantage, the factor proportions theory of comparative advantage, the Hecksher-Ohlin theory of gains from trade, classical theorems of two sector trade models, trade policy and welfare analysis. The course aims at presenting the main features of international movement of commodities and production factors over the state borders, regarding the national and international efforts of regulating the processes mentioned. The first part of the course deals with the historic matters of contemporary integrated world economy and the purely theoretical approaches in understanding the process of integration. The second part deals mainly with the economic policy of an open economy, stressing on the country's role and benefits of participating in the international economic exchange.