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International Economics

Module name (EN):
Name of module in study programme. It should be precise and clear.
International Economics
Degree programme:
Study Programme with validity of corresponding study regulations containing this module.
International Business, Bachelor, ASPO 01.10.2020
Module code: IBB-460
The exam administration creates a SAP-Submodule-No for every exam type in every module. The SAP-Submodule-No is equal for the same module in different study programs.
Hours per semester week / Teaching method:
The count of hours per week is a combination of lecture (V for German Vorlesung), exercise (U for Übung), practice (P) oder project (PA). For example a course of the form 2V+2U has 2 hours of lecture and 2 hours of exercise per week.
4V (4 hours per week)
ECTS credits:
European Credit Transfer System. Points for successful completion of a course. Each ECTS point represents a workload of 30 hours.
Semester: 4
Mandatory course: yes
Language of instruction:
Written exam (90 minutes / can be repeated semesterly)

[updated 25.11.2019]
Applicability / Curricular relevance:
All study programs (with year of the version of study regulations) containing the course.

IBB-460 (P420-0241) International Business, Bachelor, ASPO 01.10.2020 , semester 4, mandatory course
Workload of student for successfully completing the course. Each ECTS credit represents 30 working hours. These are the combined effort of face-to-face time, post-processing the subject of the lecture, exercises and preparation for the exam.

The total workload is distributed on the semester (01.04.-30.09. during the summer term, 01.10.-31.03. during the winter term).
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 19.06.2024]
Recommended as prerequisite for:
Module coordinator:
Prof. Dr. Markus Hertrich
Prof. Dr. Leonhard Firlus

[updated 02.03.2020]
Learning outcomes:
After successfully completing this module, students will be able to:
- illustrate the structure of a balance of payments and carry out transactions independently.
- illustrate the causes and effects of trade in a global environment and apply them to current examples.
- 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.
- describe the tasks of the main institutions of the European Union.

[updated 18.04.2024]
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 (European Central Bank)

[updated 18.04.2024]
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, latest edition.
- Feenstra, Robert: International Economics. MacMillan Learning, latest edition.
- Maennig, Wolfgang: Außenwirtschaft, Vahlen Verlag, München, latest edition.
- Rose, Klaus und Karlhans Sauernheimer: Theorie der Außenwirtschaft, Vahlen Verlag, München, latest edition.
- Salvatore, Dominick: International Economics. John Wiley & Sons Inc., New York, latest edition.

[updated 19.06.2024]
[Fri Jun 21 10:46:34 CEST 2024, CKEY=iae, BKEY=ibw4, CID=IBB-460, LANGUAGE=en, DATE=21.06.2024]