International Economics

Affiliation to semester	5
Duration	1 semester
State of the module	Compulsory module
Frequency of offering	Each semester
ECTS)	5
Hours of compulsory in credit hours	4
Learning outcome / competences	Students are able to explain the theory and politics of international economic relations. They can describe the core developments of international economic relations in the past and present. With this knowledge, students are able to comprehend the consequences of international economic relations for companies and assess current processes and debates.
Level	1b
Necessary requirements	None
Recommended requirements	BIB2.2 Macroeconomics
Method of examination (applicable are §§ 9-14 RStPO)	Written exam (90 minutes) or written exam and a module accompanying examined study achievement. The “with success” passed module accompanying examined study achievement is a conditions for the admission to the written exam is. The weighting of both examination components defines the lecturer at the beginning of the lecture period.
Performance rating	Differentiated by grades
Corresponding Units	International Economics (SL)
Applicability of the module	Bachelor International Business
Accepted modules	None
Indications	--

Unit 1

Name of the unit	International Economics (SL)
Name of the corresponding module	BIB 5.2 International Economics
Language	English
Rate of workload for the unit	100 %
Rate of hours of compulsory in credit hours	4
Type of learning	SL
Content of the unit	International trade theory and policies: comparative advantage, Heckscher-Ohlin theorem, returns to scale, non-perfect competition (intra- and inter- industry trade, instruments of foreign trade policy, tariff and non-tariff barriers to trade, strategic trade policy, GATT and WTO) Politics and theory of international financial relations (balance of payments, international monetary and capital transaction, exchange markets, exchange rate systems and policies, exchange-rate regime, gold standard, Bretton Woods and the years after, IMF and World Bank Internationalization of production (changing role of multinational companies, formation of global oligopolies, globalization of value chains, global orientation of supply-management, enforcement of intellectual property rights, economic power and democratic control) European integration in a global context (Globalization and formation of regional trade bloc as the EU, NAFTA, APEC, ASEAN, European Customs Union and domestic market programs, European Monetary System, Economic and Monetary Union, conflicts between EU extension and deepening)
Literature	Krugman, Paul R.; Obstfeld, Maurice: International Economics, Pearson, latest edition
Indications	--