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Advanced International Economics

Module name (EN):
Name of module in study programme. It should be precise and clear.
Advanced International Economics
Degree programme:
Study Programme with validity of corresponding study regulations containing this module.
International Management, Master, ASPO 01.10.2020
Module code: MAIM-334
SAP-Submodule-No.:
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.
P420-0259, P420-0260
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.
2V+2S (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.
6
Semester: 3
Mandatory course: yes
Language of instruction:
English
Assessment:
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:
All study programs (with year of the version of study regulations) containing the course.

MAIM-334 (P420-0259, P420-0260) International Management, Master, ASPO 01.10.2020 , semester 3, mandatory course
Workload:
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 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):
None.
Recommended as prerequisite for:
Module coordinator:
Prof. Dr. Markus Hertrich
Lecturer:
Prof. Dr. Markus Hertrich


[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 preferential 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 economic literature.

[updated 27.10.2023]
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 (changes every year)


[updated 27.10.2023]
Teaching methods/Media:
The module consists of a lecture and a seminar. Students have to write a term paper and present it on selected topics in international economics.

[updated 27.10.2023]
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]
[Mon Apr 15 12:06:44 CEST 2024, CKEY=iaie, BKEY=imm4, CID=MAIM-334, LANGUAGE=en, DATE=15.04.2024]