|Module label||International Economics|
|Credit points||6.0 KP|
|Institute directory||Department of Business Administration, Economics and Law (Economics)|
|Verwendbarkeit des Moduls||
|Skills to be acquired in this module||
At the end of the course, successful students:
• understand the interdependence of markets in the world economy,
• translate economic problems into models that describe macroeconomic causalities and interdependencies by reasonable reductions of complexity, in particular with regard to international trade, capital flows and migration as well as development and underdevelopment in different parts of the world economy,
• derive analytical statements about trade and capital flows from balance of payments and exchange rate data,
• know the historical backgrounds and assess the dynamic instabilities of current exchange rate regimes.
The course combines a series of lectures and a seminar, both of which are offered in English language. The lectures cover the following topics:
• international trade, inter- & intrasectoral
• transnational production & factor mobility
• balances of payments & exchange rates
• macromodelling of the open economy
• economic underdevelopment and strategies of sustainable development
Relevant models are presented in words, algebra and diagrams with the aid of case studies and other exemplary material.
The seminar is organized as a two-days workshop towards the end of the semester, with an introductory kick-off meeting in the second week of the term. In the workshop, students present and discuss papers on current issues in international economics.
Course materials are uploaded on the Stud.IP website of the module.
Krugman, P., Obstfeld, M. & Melitz, M. (2017): International Economics – Theory and Policy (11th. ed.). Boston: Addison-Wesley. Lists of recommended additional reading on selected current issues are provided at short notice.
|Language of instruction||English|
|Duration (semesters)||1 Semester|
|Modullevel / module level|
|Modulart / typ of module|
|Lehr-/Lernform / Teaching/Learning method|
|Vorkenntnisse / Previous knowledge|
|Form of instruction||Comment||SWS||Frequency||Workload of compulsory attendance|
|Präsenzzeit Modul insgesamt||56 h|
|Examination||Prüfungszeiten||Type of examination|
|Final exam of module||
two-days workshop in last two weeks of term