| Detailed information |
| Pre-requisites |
KS Introduction to Microeconomics AND IK Introduction to Microeconomics AND
KS Introduction to Macroeconomics AND
IK Introduction to Macroeconomics
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| Original study plan |
Bachelor's programme International Business Administration 2021W |
| Objectives |
The students have knowledge of the determinants of international trade flows. They are able to independently analyze new issues and policies related to integrated global markets. The students have knowledge of formulating international corporate strategies. The students know how to examine recent issues and trends in globalization through the lens of economic theories in international trade and political economy. They have extensive knowledge of global risks, chances, and challenges of international businesses. The intensifying course accompanies the KS International Economics. Students practice the trade theories introduced in the main course.
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| Subject |
Clarification of the following basic terms will be covered:
- International Trade Theory
- Classical Trade Models
- New Trade Theory
- Exporting
- Foreign Direct Investment
- Multinational Firms
- Gravity Model of International Trade
- Trade Policy
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| Criteria for evaluation |
Exam, Participation
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| Methods |
Calculus, graphical analysis and interpretation, logical reasoning
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| Language |
English |
| Study material |
Lecture notes/slides, problem sets
Textbook: Krugman, Paul, Maurice Obstfeld, and Marc Melitz, 2017. "International Economics: Theory and Policy", Pearson.
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| Changing subject? |
No |
| Further information |
The IK complements the same-named KS. The purpose of the IK is to provide students with an opportunity to deepen the knowledge from the KS by discussing the material and solving problem sets in class. Accordingly, the IK should be taken in the same semester together with the KS.
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