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International Economics

Module name (EN):
Name of module in study programme. It should be precise and clear.
International Economics
Degree programme:
Study Programme with validity of corresponding study regulations containing this module.
International Management, Master, ASPO 01.10.2016
Module code: MAIM-333
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.
P420-0275, P420-0276
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.
6
Semester: 3
Mandatory course: yes
Language of instruction:
English
Assessment:
Written examination + term paper with presentation

[updated 30.07.2021]
Applicability / Curricular relevance:
All study programs (with year of the version of study regulations) containing the course.

MAIM-333 (P420-0275, P420-0276) International Management, Master, ASPO 01.10.2016 , 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. Leonhard Firlus
Lecturer:
Prof. Dr. Leonhard Firlus


[updated 18.08.2016]
Learning outcomes:
- After successfully completing this module, students will be able to explain the creation of a simultaneous equilibrium on money and foreign exchange markets and analyze the effects of data changes.
- They will be able to explain in detail and evaluate the possibilities and limits of an expansionary demand policy under flexible and fixed exchange rates.
- They will be able to explain the positive welfare effects (gains from trade and gains from specialization) of international trade.
- They will be able to explain the effects of customs duties and regional free trade agreements.
- They will be able to name and evaluate the central economic problems in developing countries.

[updated 30.07.2021]
Module content:
- International trade theory and policy
- International monetary theory
- The macroeconomics of open economies
- Economics of the European Union
- Economics of developing countries


[updated 02.06.2016]
Teaching methods/Media:
This module consists of a lecture and group work and requires a large amount of student participation. The students must write and present papers on selected international economics topics. Term papers may be required depending on the size of the groups.

[updated 30.07.2021]
Recommended or required reading:
- Feenstra, Robert C. and Alan M. Taylor: International Economics. Worth Publishers, New York, newest edition.
- Jones, Robert A. The Politics and Economics of the European Union. Edward Elgar Publishing, Cheltenham, newest edition.
- Krugman, Paul / Obstfeld, Maurice: International Economics. Addison-Wesley, Reading Mass., newest edition.
- Meier, Gerald M. / Rauch, James E.: Leading Issues in Economic Development. Oxford University Press, Oxford, newest edition.
- Salvatore, Dominick: International Economics. John Wiley & Sons Inc., New York, newest edition.


[updated 30.07.2021]
 
[Thu Oct 30 23:44:56 CET 2025, CKEY=iiec, BKEY=imm3, CID=MAIM-333, LANGUAGE=en, DATE=30.10.2025]