Semester:WS 13/14
Type:Module
Language:English
ECTS-Credits:5.0
Scheduled in semester:5
Semester Hours per Week / Contact Hours:60.0 L / 45.0 h
Self-directed study time:105.0 h
Type:Module
Language:English
ECTS-Credits:5.0
Scheduled in semester:5
Semester Hours per Week / Contact Hours:60.0 L / 45.0 h
Self-directed study time:105.0 h
Module coordination/Lecturers
- Assoz. Prof. Dr. Martin Angerer
(Modulleitung)
Curricula
Bachelor's degree programme in Business Administration (01.10.2008)Events
Description
Following a short introduction to international economics, the module provides an understanding of the basic principles of international trade and policy:
- Definition and scope of international economics
- Fundamentals of international trade theory and policy
- actors and patterns in world trade
- trade models (Ricardian, Heckscher-Ohlin, standard)
- imperfect competition and international trade
- international factor movements
- international trade policy instruments, arguments and controversies
- Exchange rates and open economy macroeconomics
- national income and balance of payments
- money, interest and exchange rates
- International monetary system and policy
- policy goals and options
- international coordination
In addition a seminar deals with special, selected topics about "International Financial Services".
Learning Outcomes
On completion of the module students should be able to:
- Explain why countries trade and why governments may restrict international trade
- Outline theories of international trade theory and policy
- Illustrate patterns and trends in international trade
- Classify national income and balance of payments accounts
- Summarize models of exchange rate determination
- Point out the effects of changes in international exchange rates
- Interpret international financial markets
- Distinguish government financial intervention with monetary policy
- Identify challenges in international trade and monetary policy
- Apply international finance theories to practical problems
Qualifications
Lectures Method
Interactive lecture with practical exercises;
Seminar
Admission Requirements
Module: Introduction to Economics: Micro- and Macroeconomics (semester 1; Level 1).
Prerequisities
The following conditions need to be met prior to registering for the module exam:
- successful completion of all first year full-time programme modules
Additionallly:
For students who started their studies in 2008:
- succesful completion of the module "Communication in English for Business"
- BEC II certificate
For students starting their studies in 2009:
- succesful completion of the module "Communication in English for Business"
Comments
Das Modul wird aus Lehrveranstaltungen des Nachfolgecurriculums gebildet. Es gilt die SPO für C12.