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International Economics

Module name (EN): International Economics
Degree programme: International Business, Bachelor, ASPO 01.10.2020
Module code: IBB-460
SAP-Submodule-No.: P420-0241
Hours per semester week / Teaching method: 4V (4 hours per week)
ECTS credits: 5
Semester: 4
Mandatory course: yes
Language of instruction:
Written exam (90 minutes / can be repeated semesterly)

[updated 25.11.2019]
Applicability / Curricular relevance:
IBB-460 (P420-0241) International Business, Bachelor, ASPO 01.10.2020, semester 4, mandatory course
60 class hours (= 45 clock hours) over a 15-week period.
The total student study time is 150 hours (equivalent to 5 ECTS credits).
There are therefore 105 hours available for class preparation and follow-up work and exam preparation.
Recommended prerequisites (modules):
IBB-340 Microeconomics
IBB-350 Macroeconomics

[updated 02.03.2020]
Recommended as prerequisite for:
Module coordinator:
Prof. Dr. Leonhard Firlus
Prof. Dr. Leonhard Firlus

[updated 02.03.2020]
Learning outcomes:
After successfully completing this module, students will be able to:
- illustrate the causes and effects of trade
  in a global environment and apply them to current examples.
- illustrate the structure of a balance of payments and carry out transactions independently.
- explain how exchange rates are determined and their importance for international competitiveness.
- show the possibilities and limits of an expansive demand policy at fixed and floating exchange rates.
- name the central institutions of the European Union and their tasks.

[updated 04.02.2020]
Module content:
1. The balance of payments
2. Exchange rates and the foreign exchange market
3. Aggregate demand in an open economy under fixed and floating exchange rates
4. Theory of international trade
5. Trade policy
6. Introduction to the European Union

[updated 25.11.2019]
Teaching methods/Media:
This module consists of lectures and group work. Students are expected to prepare and present small group projects on selected topics about foreign trade.

[updated 26.01.2020]
Recommended or required reading:
- Krugman, Paul / Obstfeld, Maurice: International Economics. Addison-Wesley,
  Reading Mass., latest edition.
- Maennig, Wolfgang: Auߟenwirtschaft, Vahlen Verlag, München,
  latest edition.
- Rose, Klaus und Karlhans Sauernheimer: Theorie der Auߟenwirtschaft, Vahlen
  Verlag, München, latest edition.
- Salvatore, Dominick: International Economics. John Wiley & Sons Inc., New
  York, latest edition.

[updated 25.11.2019]
[Mon Aug  8 16:33:04 CEST 2022, CKEY=iae, BKEY=ibw4, CID=IBB-460, LANGUAGE=en, DATE=08.08.2022]