2012/2013
BA-PIEC International Economics
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English Title
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International Economics
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Language
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English
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Exam ECTS
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7.5
ECTS
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Type
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Mandatory
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Level
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Bachelor
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Duration
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One Quarter
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Course period
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Autumn
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Time Table
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Please see course schedule at e-Campus
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Study board
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Study Board for BSc/MSc i International Business and Politics, BSc
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Course coordinator
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Paul Duo Deng
- Department of Economics
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Main Category of the Course
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International Political Economy
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Last updated on 20-08-2012
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Learning objectives
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After the course students should be able to:
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Explain basic concepts in International Economics (e.g. "comparative advantage", “factor intensity”, “interest rate parity”, BoPs, PPP, UIP, etc.)
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Understand the basic assumptions and their justification behind the main trade models and their main predictions. These models include, but are not limited to, the Ricardian model, the Hechscher-Ohlin model, and the imperfect competition model
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Perform simple policy simulations of major trade policy tools (e.g. the impact of introducing tariffs), and illustrate them diagrammatically
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Understand what determines exchange rate in both short and long run
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Understand the dynamics of macroeconomic policies (both fiscal and monetary) when the exchange rate is in play, and perform simple policy simulations of these dynamics(like what happens when money supply changes)
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Understand different exchange rate regimes, and describe the evolution of the international monetary systems
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Examination
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International Economics:
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Type of test
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Written Exam
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Marking scale
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7-step scale
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Second examiner
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Second internal examiner
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Exam period
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Winter Term
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Aids
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Please, see the detailed regulations below
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Duration
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4 Hours
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Individual written 4-hour open book exam, Only non-programmable calculators are allowed.
Make-up and re-exam: The regulations are the same as for the ordinary exam.
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Course content
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This course offers detailed introduction to international economics, and it includes two parts: international trade and international finance. In the first part, we study the classic trade theories, which explains why international trade took place, what are the benefits of international trade, and in what patterns countries trade with each other. We also study basic trade policy tools and their implications. In the second part, we study the balance of payments, the basics of exchange rates and how they are determined, how fiscal and monetary policies will be different when exchange rates come into play. We also study exchange rate regimes and the history of international monetary systems.
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Teaching methods
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Lectures, exercises and discussions.
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Last updated on 20-08-2012
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