International

International Economics: Trade & Finance(E)

level of course unit

First Cycle

Learning outcomes of course unit

Students should get clear understanding of the theory and
practice of the Modern International Economics, of its both
fundamental components – International Trade &
International Finance.

prerequisites and co-requisites

None

course contents

1. International Trade Theory (Comparative
Advantage Theory, World Resources, Standard
Trade Model, Firms in the Global Economy)
2. International Trade Policy (Instruments, Political
Economy, Controversies)
3. Exchange Rates and Open Economy
Macroeconomics (Money, Interest Rates and
Exchange Rates; Purchasing Power Parity;
Exchange Rate Models)
4. International Macroeconomics Policy (International
Monetary Systems, Financial Globalization)

recommended or required reading

1. Kenneth A. Reinert, “An Introduction to International Economics”, 2nd ed., Cambridge University Press, 2021.
2. Paul R. Krugman, Maurice Obstfeld and Marc Melitz, “International Economics: Theory and Policy”, 11th ed., Pearson, 2018.
3. Robert C. Feenstra and Alan M. Taylor, “International Economics”, 3rd ed., Worth Publishers, 2014.
4. John McLaren,” International Trade”, Wiley, 2013.
5. Ayse Y. Evrensel, “International Finance for Dummies”, Wiley, 2013.
6. Adrian Buckley, “International Finance: A Practical Perspective”, Pearson, 2012.

assessment methods and criteria

Final examination

language of instruction

English

number of ECTS credits allocated

3

eLearning quota in percent

0

course-hours-per-week (chw)

2

planned learning activities and teaching methods

Presentation, discussion, individual and group work

semester/trimester when the course unit is delivered

1

name of lecturer(s)

MMag. Christopher Miess, MSc. / Stefan Haigner

year of study

1

recommended optional program components

non

course unit code

IP_BUS123

type of course unit

integrated lecture

mode of delivery

Compulsory

work placement(s)

not applicable

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