International Economics

Faculty of Business Management and Social Sciences

Version 25.0 of 01/25/2022

22B0719

International Economics

• Internationale Betriebswirtschaft und Management (B.A.)
• Betriebswirtschaft und Management - WiSo (B.A.)
• Angewandte Volkswirtschaftslehre (B.A.)
• International Management (B.A.)
• Wirtschaftsrecht (Bachelor) (LL.B.)
• Betriebswirtschaft im Gesundheitswesen (B.A.)

3

Global economic interconnectedness via international goods and factor markets offers opportunities to increase national wealth. However, domestic and external problems may arise as a consequence of such reciprocal dependencies. Companies increasingly operate in this global context.

• Free trade vs. autarky
• Protectionism, especially tariffs
• Integration stages: Free trade area, custom union, common market
• Balance of payments
• Exchange rates, especially determinants
• Exchange rate regimes: Fixed vs. flexible exchange rates, relevance of central banks, Currency unions
• Trade policies and monetary policies
• European aspects
• Multilateral Institutions: IWF and WTO

Knowledge Broadening
Students who sudied successfully know the key questions and concepts of international economics (like gains from trade and determinants of exchange rates) as well as international policy instruments.
Knowledge Deepening
They are able to identify winners and losers of international trade and monetary interactions and to evaluate consequences of state interventions.
Instrumental Skills and Competences
Students develop an understanding of foreign trade and monetary dependencies of national economies and can evaluate international economic policy proposals.
Communicative Skills and Competences
They develop their skills in arguing for or against contentious economic policy measures and, in doing so, learn how to integrate different perspectives.
Systemic Skills and Competences
Students are able to apply economic instruments to international economic issues and to develop own approaches to solving a problem.

Lectures with exercises, current and historical case studies.

Principles of Economics or Microeconomics / Microeconomic Theory and Policy; Macroeconomics would be an additional advantage.

Skala, Martin

• Hirata, Johannes
• Jennes, Geert
• Mayer, Peter
• Skala, Martin
• Trabold, Harald

5

Skala, M. (2021): Economic Models:https://www.zemit.wi.hs-osnabrueck.de/econmodels2/index.html********Krugman, P., Obstfeld, M. (latest ed.), International Economics -- Theory and Policy, Prentice Hall.********Other sources are given in the lecture.

• Two-Hour Written Examination
• Portfolio exam

none

Given in the lecture.

1 Term

Winter and Summer Term

English