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Foreign Trade and Economic Policy

Module name (EN):
Name of module in study programme. It should be precise and clear.
Foreign Trade and Economic Policy
Degree programme:
Study Programme with validity of corresponding study regulations containing this module.
International Tourism-Management, Bachelor, ASPO 01.10.2020
Module code: BITM-521
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: 5
Mandatory course: yes
Language of instruction:
Written exam (90 minutes; Can be repeated semesterly)

[updated 14.11.2022]
Applicability / Curricular relevance:
All study programs (with year of the version of study regulations) containing the course.

BITM-521 (P440-0034) International Tourism-Management, Bachelor, ASPO 01.10.2020 , semester 5, mandatory course

Suitable for exchange students (learning agreement)
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):
BITM-130 Fundamentals of Law
BITM-340 Microeconomics
BITM-350 Macroeconomics
BITM-422 Law for Tourism Managers

[updated 06.03.2020]
Recommended as prerequisite for:
Module coordinator:
Prof. Dr. Markus Hertrich
Lecturer: Prof. Dr. Markus Hertrich

[updated 25.11.2019]
Learning outcomes:
Learning outcomes:
After successfully completing this course, students will have a sound overview of the basics of international economics and economic policy and will be able to describe and analyze the impact of international trade and its interplay with economic policy in a differentiated manner, in particular to
•        explain the effects of trade, money and technology in international markets and on patterns of international
•        explain and evaluate different international policy regimes and free trade agreements,
•        apply insights from international macroeconomic policy to develop sustainable corporate strategies,
•        understand the role of government interventions in markets
•        identify and explain market failure and restraints to competition,
•        be able to assess from a management perspective whether and why corporate strategies conflict with
        competition policy.

[updated 14.11.2022]
Module content:
International Economics
•        Patterns of trade in a global economy
•        Trade, technology and resources
•        International trade policies and exchange rate regimes
•        International macroeconomic policy
Economic Policy
•        Competition and market failure
•        Fundamentals of economic policy
•        Regulation and antitrust
•        Dominant firms and restraints to competition
•        Collusion and cartels

[updated 14.11.2022]
Teaching methods/Media:
Lectures, exercises, case studies.

[updated 14.11.2022]
Recommended or required reading:
International Economics
•        Feenstra, R.C. and Taylor, A.M., International economics, New York 2017.
•        Krugman, P.R., Obstfeld, M. and Melitz, M.J., International economics: theory and policy, London 2018.
Economic Policy
•        Kwoka, J.E. and Lawrence J. White, L.J., The antitrust revolution: economics, competition, and policy, London 2018.
•        Motta, M., Competition Policy: Theory and Practice, London 2004.
•        Church, J. R. and Ware, R. Industrial organization: a strategic approach, Boston 2000.

[updated 14.11.2022]
[Sun Apr 21 00:40:18 CEST 2024, CKEY=iauw, BKEY=itm5, CID=BITM-521, LANGUAGE=en, DATE=21.04.2024]