Module: International Trade (5205-220)

Persons:

• Prof.Dr. Benjamin Jung (verantwortlich)

Degree Program:

• Business Administration and Economics (Bachelor, since 01.10.2017)
  4. Semester, elective
• Business Administration and Economics (Bachelor, since 01.10.2017)
  4. Semester, semi-elective
• Business Administration and Economics (Bachelor, since 01.10.2017)
  4. Semester, elective

Relation to other Modules:

The module builds on knowledge of basic mathematical and microeconomic concepts as taught in the Modules Quantitative Methoden 1 und 2, as well as GVWL 1: Märkte & wirtschaftliche Entscheidungen und GVWL 3: Unvollkommener Wettbewerb & strategische Interaktion. The module puts multinational firms, which are explored mainly from a management perspective in the Grundlagenmodul International Business & Economics, into an international economics context. Open economies’ monetary policies are discussed in the Module GVWL 4: Geld & Währung.

Prerequisites for Attendance:

Knowledge of basic mathematical concepts (linear algebra and analysis) at the level of the Modules Quantitative Methoden 1 and 2, knowledge of basic microeconomics concepts and methods at the level of GVWL 1: Märkte & wirtschaftliche Entscheidungen (e.g., theory of the household, theory of the firm, general equilibrium) and GVWL 3: Unvollkommener Wettbewerb & strategische Interaktion (e.g., monopoly, oligopolistic competition).

Sprache:

English

ECTS:

6 credits

Frequency:

every summer semester

Length of the Module:

1 semester

Compulsory assignment:

Exam (90 minutes) and potentially take-home assignments and in-class assessment

Length of the examination:

90 minutes

Workload:

180 hours: 45 hours class attendance 135 hours preparation and follow-up

Professional competences:

Students develop an understanding of simple tools used in the analysis of international trade. They can apply these tools to core problems that repeatedly appear in the globalization debate. In particular, students understand how trade and migration affect income and the income distribution. They understand the special roles of market power of firms. They know how trade policy affects market outcomes and the well-being of the society. Students have a deep understanding of topics which are important for multinational firms and international organizations. They are also prepared to attend more advanced courses on International Economics at M.Sc. or M.A. level.

Comments:

Zu Semesterbeginn wird festgelegt, ob eine veranstaltungsbegleitende Übungsleistung zu erbringen ist. Ihr Noteneinfluss liegt bei maximal 10%.

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