IBF402 International Trade
IBF402 International Trade
Syllabus | International University of Sarajevo - Last Update on Jan 01, 2026
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International Business and Finance
Mehmed Ganić
Course Lecturer
Course Objectives
This course combines economic analysis with attention to issues of economic policy alive and important today. Typical subjects covered are those of international trade theory and policy issues; economic integration; economic growth; international resource movements and foreign direct investment; cross border lending, factor markets, balance of payments and the foreign exchange market. Students should build abilities to understand global economic developments and to evaluate proposals for changing economic policies.
Learning Outcomes
After successful completion of the course, the student will be able to:
Course Materials
Required Textbook
Krugman, P. R., & Obstfeld, M. (2009). International economics: Theory and policy. Pearson Education.
Additional Literature
Rivoli, P. (2014). The travels of a t-shirt in the global economy: An economist examines the markets, power, and politics of world trade. New preface and epilogue with updates on economic issues and main characters. John Wiley & Sons. Pugel, T.A. (2009). International Economics 14e. McGraw-Hill. Morrison, J. (2011). The global business environment: Meeting the challenges. Macmillan International Higher Education. Krugman, P. R., & Obstfeld, M. (2009). International economics: Theory and policy. Pearson Education. Madura, J. & Fox, R. (2011). International Financial Management 2e. South-Western Cengage Learning. Palankai, T. et al. (2014). Economics of Global and Regional Integration. Akademiai Kiado.Teaching Methods
This is a research-oriented teaching course
Lectures will be interactive with an aim to involve students in elaborating on topics and they will be based on the problem solving of certain international economics related problems
Weekly Topics
| Week | Topic | Readings / References |
|---|---|---|
| 1 | Registration week | Chapter 1 |
| 2 | World Trade :An Overview | Chapter 2 |
| 3 | Labor productivity and Comparative Adventage:The Ricardian Model | Chapter 3 |
| 4 | Resourches,Comparative Adventage and Income Distribution | Chapter 4 |
| 5 | The Standard Trade Model | Chapter 5 |
| 6 | Economies of Scale,Imperfect Competetion and International Trade | Chapter 6 |
| 7 | International Factor Movements | Chapter 7 |
| 8 | Midterm Exam | |
| 9 | The Instrumnets of Trade Policy | Chapter 8 |
| 10 | The Political Economy of Trade Policy | Chapter 9 |
| 11 | Trade Policy in Developing Countries | Chapter 10 |
| 12 | Controversies in Trade Policy | Chapter 11 |
| 13 | Trade Libralization and Political Models of Trade Policy | Chapters 9 and 10 |
| 14 | New Year non working day | |
| 15 | Review and projects |
Course Schedule (All Sections)
| Section | Type | Day 1 | Venue 1 | Day 2 | Venue 2 |
|---|---|---|---|---|---|
| IBF402.1 | Course | Friday 15:00 - 17:50 | B F2.5 | - | - |
Office Hours & Room
Assessment Methods and Criteria
Assessment Components
Final Exam
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3 4 5
Midterm Exam
AI: Not AllowedAlignment with Learning Outcomes : 1 2
Presentation
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3 4
Case Study
AI: Not AllowedAlignment with Learning Outcomes : 1 2 3 4
IUS Grading System
| Grading Scale | IUS Grading System | IUS Coeff. | Letter (B&H) | Numerical (B&H) |
|---|---|---|---|---|
| 0 - 44 | F | 0 | F | 5 |
| 45 - 54 | E | 1 | ||
| 55 - 64 | C | 2 | E | 6 |
| 65 - 69 | C+ | 2.3 | D | 7 |
| 70 -74 | B- | 2.7 | ||
| 75 - 79 | B | 3 | C | 8 |
| 80 - 84 | B+ | 3.3 | ||
| 85 - 94 | A- | 3.7 | B | 9 |
| 95 - 100 | A | 4 | A | 10 |
Late Work Policy
Information about late submission policies will be shared during class and posted in this section. Please check back for official guidelines.
ECTS Credit Calculation
📚 Student Workload
This 6 ECTS credit course corresponds to 150 hours of total student workload, distributed as follows:
Lecture Hours
45 hours ⏳ (15 week × 3 h)
Home Study
30 hours ⏳ (15 week × 2 h)
Project
6 hours ⏳ (1 week × 6 h)
Presentation
9 hours ⏳ (1 week × 9 h)
Final Exam Study
25 hours ⏳ (1 week × 25 h)
Project/presentation
15 hours ⏳ (3 week × 5 h)
Midterm exam study
20 hours ⏳ (1 week × 20 h)
150 Total Workload Hours
6 ECTS Credits
Course Policies
Academic Integrity
All work submitted must be your own. Plagiarism, cheating, or any form of academic dishonesty will result in disciplinary action according to university policies. When in doubt about citation practices, consult the instructor.
Attendance Policy
Students are expected to adhere to the attendance requirements as outlined in the International University of Sarajevo Study Rules and Regulations. Excessive absences, whether excused or unexcused, may impact academic performance and eligibility for assessment. Mandatory sessions (e.g., labs, workshops) require attendance unless formally exempted. For detailed policies on absences, documentation, and penalties, please refer to the official university regulations.
Technology & AI Policy
Laptops/tablets may be used for note-taking only during lectures. Phones should be silenced and put away during all class sessions. Audio/video recording requires prior permission from the instructor.
Artificial Intelligence (AI) Usage: The use of AI tools (e.g., ChatGPT, Copilot, Gemini) varies by assessment component. Please refer to the AI usage indicator next to each assessment item in the Assessment Methods and Criteria section above. Submitting AI-generated content as your own work, where AI is not explicitly allowed, constitutes an academic integrity violation.
Communication Policy
All course-related communication should occur through official university channels (institutional email or SIS). Emails should include [IBF402] in the subject line.
Academic Quality Assurance Policy
Course Academic Quality Assurance is achieved through Semester Student Survey. At the end of each academic year, the institution of higher education is obliged to evaluate work of the academic staff, or the success of realization of the curricula.
Learning Tips
Be prepared to contribute thoughtfully during class discussions, labs, or collaborative work. Active participation deepens understanding and encourages critical thinking.
Complete assigned readings or prep materials before class. Take notes, highlight key ideas, and jot down questions. Aim to grasp core concepts and their applications—not just facts.
Use course frameworks or methodologies to analyze problems, case studies, or projects. Begin early to allow time for reflection and refinement. Seek feedback to improve your work.
Don’t hesitate to reach out when something is unclear. Use office hours, discussion boards, or peer networks to clarify concepts and stay on track.
Syllabus Last Updated on Jan 01, 2026 | International University of Sarajevo
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Referencing Curricula Print this page
| Course Code | Course Title | Weekly Hours* | ECTS | Weekly Class Schedule | ||||||
| T | P | |||||||||
| IBF402 | International Trade | 3 | 0 | 6 | ||||||
| Prerequisite | ECON202 | It is a prerequisite to | - | |||||||
| Lecturer | Mehmed Ganić | Office Hours / Room / Phone | Monday: 12:00-15:00 Tuesday: 13:00-15:00 |
|||||||
| mganic@ius.edu.ba | ||||||||||
| Assistant | Assistant E-mail | ssarajcic@ius.edu.ba | ||||||||
| Course Objectives | This course combines economic analysis with attention to issues of economic policy alive and important today. Typical subjects covered are those of international trade theory and policy issues; economic integration; economic growth; international resource movements and foreign direct investment; cross border lending, factor markets, balance of payments and the foreign exchange market. Students should build abilities to understand global economic developments and to evaluate proposals for changing economic policies. |
|||||||||
| Textbook | Krugman, P. R., & Obstfeld, M. (2009). International economics: Theory and policy. Pearson Education. | |||||||||
| Additional Literature |
|
|||||||||
| Learning Outcomes | After successful completion of the course, the student will be able to: | |||||||||
|
||||||||||
| Teaching Methods | This is a research-oriented teaching course. Lectures will be interactive with an aim to involve students in elaborating on topics and they will be based on the problem solving of certain international economics related problems. | |||||||||
| Teaching Method Delivery | Face-to-face | Teaching Method Delivery Notes | ||||||||
| WEEK | TOPIC | REFERENCE | ||||||||
| Week 1 | Registration week | Chapter 1 | ||||||||
| Week 2 | World Trade :An Overview | Chapter 2 | ||||||||
| Week 3 | Labor productivity and Comparative Adventage:The Ricardian Model | Chapter 3 | ||||||||
| Week 4 | Resourches,Comparative Adventage and Income Distribution | Chapter 4 | ||||||||
| Week 5 | The Standard Trade Model | Chapter 5 | ||||||||
| Week 6 | Economies of Scale,Imperfect Competetion and International Trade | Chapter 6 | ||||||||
| Week 7 | International Factor Movements | Chapter 7 | ||||||||
| Week 8 | Midterm Exam | |||||||||
| Week 9 | The Instrumnets of Trade Policy | Chapter 8 | ||||||||
| Week 10 | The Political Economy of Trade Policy | Chapter 9 | ||||||||
| Week 11 | Trade Policy in Developing Countries | Chapter 10 | ||||||||
| Week 12 | Controversies in Trade Policy | Chapter 11 | ||||||||
| Week 13 | Trade Libralization and Political Models of Trade Policy | Chapters 9 and 10 | ||||||||
| Week 14 | New Year non working day | |||||||||
| Week 15 | Review and projects | |||||||||
| Assessment Methods and Criteria | Evaluation Tool | Quantity | Weight | Alignment with LOs | AI Usage |
| Final Exam | 1 | 40 | 1,2,3,4,5 | Not Allowed | |
| Semester Evaluation Components | |||||
| Midterm Exam | 1 | 30 | 1,2 | Not Allowed | |
| Presentation | 1 | 20 | 1,2,3,4 | Not Allowed | |
| Case Study | 10 | 10 | 1,2,3,4 | Not Allowed | |
| *** ECTS Credit Calculation *** | |||||
| Activity | Hours | Weeks | Student Workload Hours | Activity | Hours | Weeks | Student Workload Hours | |||
| Lecture Hours | 3 | 15 | 45 | Home Study | 2 | 15 | 30 | |||
| Project | 6 | 1 | 6 | Presentation | 9 | 1 | 9 | |||
| Final Exam Study | 25 | 1 | 25 | Project/presentation | 5 | 3 | 15 | |||
| Midterm exam study | 20 | 1 | 20 | |||||||
| Total Workload Hours = | 150 | |||||||||
| *T= Teaching, P= Practice | ECTS Credit = | 6 | ||||||||
| Course Academic Quality Assurance: Semester Student Survey | Last Update Date: 30/01/2026 | |||||||||