International Economics (E)
Niveau
1. Study cycle, Bachelor
Learning outcomes of the courses/module
The students are able to:
• discuss major trade theories and apply them to current developments.
• put the internationalization activities of companies into a theoretical framework and analyze the effects on corporate decisions.
• model the effects of government interventions such as tariffs and trade quotas and draw conclusions about possible effects on growth and employment.
• explain core balance of payments indicators and interpret them in relation to na-tional competitiveness.
• discuss the functioning of international organizations such as the World Trade Or-ganization and critically reflect on the potential/limitations of a monetary union such as the Eurozone.
• research recent globalization developments on the basis of scientific literature and reconstruct them through empirical data.
• discuss major trade theories and apply them to current developments.
• put the internationalization activities of companies into a theoretical framework and analyze the effects on corporate decisions.
• model the effects of government interventions such as tariffs and trade quotas and draw conclusions about possible effects on growth and employment.
• explain core balance of payments indicators and interpret them in relation to na-tional competitiveness.
• discuss the functioning of international organizations such as the World Trade Or-ganization and critically reflect on the potential/limitations of a monetary union such as the Eurozone.
• research recent globalization developments on the basis of scientific literature and reconstruct them through empirical data.
Prerequisites for the course
Courses: Managerial Economics and Political Economics
Course content
• Classical and modern trade theories
• Agglomeration advantages and choice of location
• Welfare effects of tariffs and trade quotas
• Balance of payments, current account and capital account
• Measurement and determinants of exchange rates
• World Trade Organization and Monetary Union
• Globalization and worldwide supply chains
• Agglomeration advantages and choice of location
• Welfare effects of tariffs and trade quotas
• Balance of payments, current account and capital account
• Measurement and determinants of exchange rates
• World Trade Organization and Monetary Union
• Globalization and worldwide supply chains
Recommended specialist literature
• Feenstra, Rob; Taylor, Alan: International Economics. Worth (latest edition)
• Krugman, Paul; Obstfeld, Maurice; Melitz, Marc: International Economics: Theory and Policy, Global Edition. Pearon (latest edition)
• Gerber, James: International Economics. Prentice Hall (latest edition)
• Krugman, Paul; Obstfeld, Maurice; Melitz, Marc: International Economics: Theory and Policy, Global Edition. Pearon (latest edition)
• Gerber, James: International Economics. Prentice Hall (latest edition)
Assessment methods and criteria
Portfolio
Language
English
Number of ECTS credits awarded
4
Share of e-learning in %
25
Semester hours per week
2.0
Planned teaching and learning method
Blended Learning
Semester/trimester in which the course/module is offered
1
Name of lecturer
Gruber Stefan
Academic year
Key figure of the course/module
IBS.VZB.05.04
Type of course/module
integrated lecture
Type of course
Compulsory
Internship(s)
none