International Business Studies FT
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International & Environmental Economics

level of course unit

1. Study cycle, Bachelor

Learning outcomes of course unit

The students are able to:
• identify the increasing integration of the world economy as globalization and explain historical developments
• to analyze the drivers of international foreign trade within the framework of economic models and to relate them to current developments
• discuss the limitations of markets and the causes of market failures
• identify the economic effects of climate change and discuss instruments for reducing CO2 emissions
• assess the potential for political interventions in foreign trade and environmental protection

prerequisites and co-requisites

Courses: Managerial Economics and Political Economics

course contents

• 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

• The CORE Team: The Economy: Economics for a Changing World. Oxford University Press (latest edition)
• Krugman, Paul; Obstfeld, Maurice; Melitz, Marc: International Economics: Theory and Policy, Global Edition. Pearson (latest edition)
• Field, Barry; Field, Martha: Environmental economics: an introduction. McGraw-Hill Book Company (UK) Ltd (latest edition)

assessment methods and criteria


language of instruction


number of ECTS credits allocated


eLearning quota in percent


course-hours-per-week (chw)


planned learning activities and teaching methods

Blended Learning

semester/trimester when the course unit is delivered


name of lecturer(s)

Prof. (FH) Dr. Peter Dietrich

course unit code


type of course unit

integrated lecture

mode of delivery


work placement(s)