International Economics (E)
level of course unit
1. Study cycle, Bachelor
Learning outcomes of course unit
The students are able to:
• discuss major trade theories and apply them to current developments.
• put the internationalization activities of companies into a theoretical framework and analyze the effects on corporate decisions.
• model the effects of government interventions such as tariffs and trade quotas and draw conclusions about possible effects on growth and employment.
• explain core balance of payments indicators and interpret them in relation to na-tional competitiveness.
• discuss the functioning of international organizations such as the World Trade Or-ganization and critically reflect on the potential/limitations of a monetary union such as the Eurozone.
• research recent globalization developments on the basis of scientific literature and reconstruct them through empirical data.
prerequisites and co-requisites
Course: Managerial Economics and Political Economics
• Classical and modern trade theories
• Agglomeration advantages and choice of location
• Welfare effects of tariffs and trade quotas
• Balance of payments, current account and capital account
• Measurement and determinants of exchange rates
• World Trade Organization and Monetary Union
• Globalization and worldwide supply chains
recommended or required reading
• Feenstra, Rob; Taylor, Alan: International Economics. Worth (latest edition)
• Krugman, Paul; Obstfeld, Maurice; Melitz, Marc: International Economics: Theory and Policy, Global Edition. Pearon (latest edition)
• Gerber, James: International Economics. Prentice Hall (latest edition)
assessment methods and criteria
Online tasks, presentation, exam
language of instruction
number of ECTS credits allocated
eLearning quota in percent
planned learning activities and teaching methods
semester/trimester when the course unit is delivered
name of lecturer(s)
Prof. (FH) Dr. Peter Dietrich
course unit code
type of course unit
mode of delivery