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Advanced International Economics

Module name (EN): Advanced International Economics
Degree programme: International Management, Master, ASPO 01.10.2020
Module code: MAIM-334
SAP-Submodule-No.: P420-0259, P420-0260
Hours per semester week / Teaching method: 2V+2S (4 hours per week)
ECTS credits: 6
Semester: 3
Mandatory course: yes
Language of instruction:
Written exam (60 minutes / can be repeated semesterly) and term paper with presentation (can be repeated annually);
Weighting: 1:1

[updated 30.01.2020]
Applicability / Curricular relevance:
MAIM-334 (P420-0259, P420-0260) International Management, Master, ASPO 01.10.2020, semester 3, mandatory course
60 class hours (= 45 clock hours) over a 15-week period.
The total student study time is 180 hours (equivalent to 6 ECTS credits).
There are therefore 135 hours available for class preparation and follow-up work and exam preparation.
Recommended prerequisites (modules):
Recommended as prerequisite for:
Module coordinator:
Prof. Dr. Leonhard Firlus
Prof. Dr. Leonhard Firlus

[updated 30.01.2020]
Learning outcomes:
- The students are able to explain the creation of a simultaneous equilibrium on money and foreign exchange markets
  and analyze the effects of data changes.
- They can explain in detail and evaluate the possibilities and limits of an expansionary demand policy under
  flexible and fixed exchange rates.
- They can explain the welfare effects of international trade.
- They can explain the effects of customs duties and preferencial trade arrangements.
- They are able to explain the "infant industry argument" (Friedrich List) and to assess the challenges and risks that
  are involved.
- The students are able to work on different topics in international economics on the basis of economics literature.

[updated 08.12.2019]
Module content:
I. Lecture
1. Interest parity and simultaneous equilibrium in the money market and the foreign exchange market
2. Output market (DD schedule) and asset market (AA) schedule) in an open economy
3. Open-economy macroeconomics with fixed and flexible exchange rates
4. Wealth effects of international trade
5. Gains and losses from international trade in specific-factors model
6. General analysis of tariff policy in small and big countries
7. Infant industry Argument
8. Customs union
9. Preferencial trade arrangements
II. Seminar
Different topics concerning international economics (changed each year)

[updated 07.12.2019]
Teaching methods/Media:
The module consists of a lecture and a seminar. The students have to write and present papers on selected international economics topics.

[updated 07.12.2019]
Recommended or required reading:
- Feenstra, Robert / Taylor, Alan: International Economics. Worth Publishers,
  New York, latest Edition.
- Krugman, Paul / Obstfeld, Maurice: International Economics. Addison-Wesley,
  Reading Mass., latest edition.
- Salvatore, Dominick: International Economics. John Wiley & Sons Inc., New
  York, latest edition.

[updated 07.12.2019]
[Sun Sep 25 22:48:51 CEST 2022, CKEY=iaie, BKEY=imm4, CID=MAIM-334, LANGUAGE=en, DATE=25.09.2022]