ITF 408 | Course Introduction and Application Information - Department of International Trade and Finance

Course Name

Turkish Foreign Trade and Investment Policy

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
ITF 408	Fall/Spring	3	0	3	6

Prerequisites	None
Course Language	English
Course Type	Elective
Course Level	First Cycle
Mode of Delivery	-
Teaching Methods and Techniques of the Course	-
National Occupation Classification	-
Course Coordinator	Profesör Dr. C Coşkun KÜÇÜKÖZMEN
Course Lecturer(s)	Profesör Dr. C Coşkun KÜÇÜKÖZMEN
Assistant(s)	-

Course Objectives	The primary objective of this course is to provide students a process understanding of the development of Turkish Economy, at those periods, the developments in Turkish Foreign Trade and the investment policies that are implemented.
Learning Outcomes	The students who succeeded in this course; Explain the fundamental concepts and instruments of foreign trade and investment policy. Analyze Türkiye’s trade and investment structure using data from national and international sources. Evaluate the political economy behind Türkiye’s foreign trade and investment decisions. Interpret the effects of government policies, international institutions, and trade agreements on Türkiye’s economic performance. Assess the determinants, trends, and barriers to foreign direct investment (FDI) in Türkiye. Compare Türkiye’s trade and investment policies with those of other emerging and developed economies. Develop strategic insights and policy recommendations to enhance Türkiye’s international trade competitiveness and investment climate.
Course Description	This course includes structure of Turkish Economy before and after 1920, characteristics of emerging markets, the development model of 1980s, importexport regime, and also foreign trade techniques and investment policies in Turkey.
Related Sustainable Development Goals

Course Category	Core Courses
	Major Area Courses	X
	Supportive Courses
	Media and Management Skills Courses
	Transferable Skill Courses

Week	Subjects	Related Preparation
1	Introduction: Main terms on International Trade and Investment	Lecturer’s own course notes and supplementary reading materials
2	Government Policy and International Trade	Hill, C.W.L. and Hult, G.T.M., (2018), Global Business Today, 10th Ed. McGraw Hill Education, Chapter-7
3	The Political Economy of Trade and Investment Policy	Lecturer’s own course notes and supplementary reading materials
4	Foreign Direct Investment	Hill, C.W.L. and Hult, G.T.M., (2018), Global Business Today, 10th Ed. McGraw Hill Education, Chapter-8
5	Entering Foreign Markets	Hill, C.W.L. and Hult, G.T.M., (2018), Global Business Today, 10th Ed. McGraw Hill Education, Chapter-13
6	The Strategy of International Business	Hill, C.W.L. and Hult, G.T.M., (2018), Global Business Today, 10th Ed. McGraw Hill Education, Chapter-12s
7	Turkey’s Foreign Trade Strategy (Master Plan)	Ministry of Commerce
8	WTO Reports	WTO
9	Reports on Investing in Turkey	Deloitte, PwC, KPMG and E&Y
10	Midterm
11	Invest in Turkey	http://v1.invest.gov.tr/tr-TR/Pages/Home.aspx
12	Group Presentations
13	Group Presentations
14	Group Presentations
15	Review of the Semester
16	Review of the Semester

Course Notes/Textbooks

Hill, C.W.L. and Hult, G.T.M., (2018), Global Business Today, 10^th Ed.

McGraw Hill Education

Suggested Readings/Materials

Appleyard D.R., A.J. Field, S.L. Cobb, International Economics, Seventh Edition, McGraw Hill, 2010.

Erdilek, A., A Historical Review of Turkey’s Inward Foreign Direct Investment Environment and Policies From the Ottoman Empire to the Present, 2005.

Krugman P.R., M. Obstfeld, M, J.Melitz, International Economics, Theory&Policy, Pearson, 2012.

T.R, Ministry of Economy, Foreign Direct Investments in Turkey, 2012.

Seymen, D.A, Türkiye’nin Dış Ticaret Yapısı ve Rekabet Gücü, DEÜ Yayınları, İzmir, 2009.

Sönmez, A., “The Dynamics of Foreign Direct Investment in Turkey From a Historical Perspective”, IESS, Bilkent University, Master Thesis, 2008.

WTO, International Trade Statistics, 2015.

WTO, World Trade Report, 2015.

YASED, FDI Evaluation Report, 2014.

Central Bank Balance of Payments Statistics, www.tcmb.gov.tr

Ministry of Economy FDI Statistics, www.ekonomi.gov.tr

UNCTAD Global Investment Trends Monitor No.11 (January 2013), www.unctad.org

Deloitte Annual Turkish M&A Review 2012, www.deloitte.com

International Indices

World Bank Doing Business, www.doingbusiness.org

UNCTAD, www.unctad.org

AT Kearney www.atkearney.com

World Economic Forum, www.weforum.org

Institution for Management Development, www.imd.ch

World Bank, IMF, WTO, OECD

Semester Activities	Number	Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
Project	1	70
Seminar / Workshop
Oral Exams
Midterm	1	30
Final Exam
Total

Weighting of Semester Activities on the Final Grade		30
Weighting of End-of-Semester Activities on the Final Grade		70
Total

Semester Activities	Number	Duration (Hours)	Workload
Theoretical Course Hours (Including exam week: 16 x total hours)	16	3	48
Laboratory / Application Hours (Including exam week: '.16.' x total hours)	16		0
Study Hours Out of Class	16	3	48
Field Work			0
Quizzes / Studio Critiques			0
Portfolio			0
Homework / Assignments			0
Presentation / Jury			0
Project	1	56	56
Seminar / Workshop			0
Oral Exam			0
Midterms	1	16	16
Final Exam			0
		Total	168

#	Program Competencies/Outcomes	* Contribution Level
#	Program Competencies/Outcomes	1	2	3	4	5
1	To be able to identify and analyze problems in the field of trade and finance, and to develop solutions.	-	-	-	-	X
2	To be able to apply theoretical and practical knowledge of international trade and finance to real-world professional contexts.	-	-	-	-	-
3	To be able to critically analyze global market developments and evaluate their implications for business and policy.	-	-	X	-	-
4	To be able to collect, analyze, and interpret financial and economic data by using digital and information technologies effectively.	-	-	-	-	-
5	To be able to understand and interpret legal frameworks, regulations and practices relevant to international trade and finance.	-	-	-	-	-
6	To be able to anticipate, define, and manage financial and trade-related risks through informed decision-making.	-	-	-	-	-
7	To be able to acquire and use verbal, written, and numerical skills effectively for the nature of international trade and finance program.	-	-	X	-	-
8	To be able to obtain, synthesize, and report trade- and finance-related information clearly and effectively.	-	-	-	-	-
9	To be able to contribute effectively as individuals, team members, and leaders in multidisciplinary environments.	-	-	-	-	-
10	To be able to evaluate trade and finance issues from ethical, social, and sustainability perspectives.	-	-	-	-	-
11	To be able to collect data in the areas of International Trade and Finance and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1).	-	-	-	-	-
12	To be able to speak a second foreign at a medium level of fluency efficiently.	-	-	-	-	-
13	To be able to relate the knowledge accumulated throughout human history to their field of expertise.	-	-	-	-	-