[ 514INECINEU21 ] IK International Economics

Workload Education level Study areas Responsible person Hours per week Coordinating university
3 ECTS B2 - Bachelor's programme 2. year Economics Michael Irlacher 2 hpw Johannes Kepler University Linz
Detailed information
Pre-requisites KS Introduction to Microeconomics AND IK Introduction to Microeconomics AND KS Introduction to Macroeconomics AND IK Introduction to Macroeconomics
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.
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
Criteria for evaluation Exam, Participation
Methods Calculus, graphical analysis and interpretation, logical reasoning
Language English
Study material Lecture notes/slides, problem sets Textbook: Krugman, Paul, Maurice Obstfeld, and Marc Melitz, 2017. "International Economics: Theory and Policy", Pearson.
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.
On-site course
Maximum number of participants 40
Assignment procedure Assignment according to priority