International Economics: Trade &
Finance(E)
level of course unit
First Cycle
Learning outcomes of course unit
Students should get clear understanding of the theory and
practice of the Modern International Economics, of its both
fundamental components – International Trade &
International Finance.
prerequisites and co-requisites
None
course contents
1. International Trade Theory (Comparative
Advantage Theory, World Resources, Standard
Trade Model, Firms in the Global Economy)
2. International Trade Policy (Instruments, Political
Economy, Controversies)
3. Exchange Rates and Open Economy
Macroeconomics (Money, Interest Rates and
Exchange Rates; Purchasing Power Parity;
Exchange Rate Models)
4. International Macroeconomics Policy (International
Monetary Systems, Financial Globalization)
recommended or required reading
1. Kenneth A. Reinert, “An Introduction to International Economics”, 2nd ed., Cambridge University Press, 2021.
2. Paul R. Krugman, Maurice Obstfeld and Marc Melitz, “International Economics: Theory and Policy”, 11th ed., Pearson, 2018.
3. Robert C. Feenstra and Alan M. Taylor, “International Economics”, 3rd ed., Worth Publishers, 2014.
4. John McLaren,” International Trade”, Wiley, 2013.
5. Ayse Y. Evrensel, “International Finance for Dummies”, Wiley, 2013.
6. Adrian Buckley, “International Finance: A Practical Perspective”, Pearson, 2012.
assessment methods and criteria
Final examination
language of instruction
English
number of ECTS credits allocated
3
eLearning quota in percent
0
course-hours-per-week (chw)
2
planned learning activities and teaching methods
Presentation, discussion, individual and group work
semester/trimester when the course unit is delivered
1
name of lecturer(s)
MMag. Christopher Miess, MSc. / Stefan Haigner
year of study
1
recommended optional program components
non
course unit code
IP_BUS123
type of course unit
integrated lecture
mode of delivery
Compulsory
work placement(s)
not applicable
