SFB11615 International Economics (Spring 2022)

The course is connected to the following study programs

Compulsory for students on the Business Administration Programme, specializing in Economic Analysis and International Business.

Absolute requirements

All courses in first year of the study programme must be passed to start in the third year of the programme.

Recommended requirements

Microeconomics (Mikroøkonomi med anvendelser)

Lecture Semester

6th semester (spring).

The student's learning outcomes after completing the course

Knowledge

The student is familiar with

• central theories and models in international economics

• the development of the field, international economics, and emerging trends

Skills

The student is able to

• formulate and solve analytical tasks regarding topics in international economics,

• relate own analytical work to existing literature, theories and models

• read and reflect on international economics literature

General competence

Through the course, the student has gained competence in critical reading and reflection as well as problem formulating and -solving. In addition, the student has gained experience with project work in teams.

Content

The course consists of three parts:

• International Trade Theory

• International Trade Policy

• Exchange Rates and Open Economy Macroeconomics

Forms of teaching and learning

Lectures. Group work with exercises. Supervision and feedback.

Emphasis will be put on reading and using relevant literature, and solving of analytical tasks in teams.

Workload

The course will give the student approximately 280 hours of work.

Practical training/internship

No superviced practice in this course

Coursework requirements - conditions for taking the exam

One written assignment (group work) must be approved by pass before students can obtain permission to take the final exam.

Examination

Four hours written examination

• Calculator

• Mother tongue - English - mother tongue dictionary (this must be a simple translation dictionary that does not give definitions and explanations)

Grades: A - F.

Examiners

One internal and one external examiner, or to internal examiners.

Course evaluation

To improve the course, we need the evaluations from the students. The course is evaluated by the students and the evaluations from the students are treated by the staff and the faculty's committee for quality of education.

Literature

The reading list was last updated 16.11.2021. Changes can be made before semester start.

Mandatory Literature.

Textbook: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz (2017), International Economics: Theory and Policy, 11th edition, GLOBAL EDITION, Published Date 07/12/2017. Pearson. This is obligatory reading and exam relevant.

There will also be handouts on Canvas. They are part of the Mandatory Literature and exam-relevant.

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Additional Literature

Baldwin, R & Weder di Mauro, B. (2020). Economics in the Time of COVID-19. A VoxEU.org Book. CEPR Press, file:///C:/Users/liljam/Downloads/COVID19%20(2).pdf

Broll, U. & Jauer, J. (2014). How international trade is affected by the financial crisis: The gravity trade equation, Dresden Discussion Paper Series in Economics, No. 03/14, Technische Universität Dresden, Fakultät Wirtschaftswissenschaften, Dresden, http://nbn-resolving.de/urn:nbn:de:bsz:14- qucosa-150478

Carbaugh, Robert (2022). International Economics. 18th edition. Cengage Learning.

Eichengreen, Barry (2017). How Global Currencies Work: Past, Present and Future. Princeton University Press.

Feenstra, R.C. and Taylor, A.M. (2020): International Economics. 5th edition. Worth Publishers.

Gerber, James (2017). International Economics. 7th edition; Pearson.

Krueger, Anne O. (2020). International Trade: What Everyone Needs to Know. Oxford University Press.

Pindyck, R.S. and Rubinfeld, D.L. (2017): Microeconomics. 9th edition. Pearson.

Pugel, Thomas (2019). International Economics; 17th edition, International Edition, McGraw-Hill Education.

Reinert, Kenneth A. (2020). An Introduction to International Economics: New Perspectives on the World Economy. 2nd edition; Cambridge University Press.

Rodrik Dani (1997). Has Globalization Gone Too Far? Peterson Institute for International Economics.

Rodrik Dani (2012). The Globalization Paradox: Democracy and the Future of the World Economy. W. W. Norton & Company.

Smith, Pamela (2013). Global trade Policy. Questions and Answers. Wiley-Blackwell.