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2017/2018  MA-MMBSO1011U  International Economics and Market Analysis

English Title
International Economics and Market Analysis

Course information

Language English
Course ECTS 4.5 ECTS
Type Mandatory
Level Part Time Master
Duration One Quarter
Start time of the course Third Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for Master of Business Administration in Shipping and Logistics
Course coordinator
  • Bent Petersen - Department of Strategic Management and Globalization (SMG)
Main academic disciplines
  • International political economy
  • Economics
Last updated on 08-03-2018

Relevant links

Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: .
  • Identify and explain various determinants related to the development in business cycle and market structure
  • Explain the term competition and identify tools available when trying to simulate market behavior
  • Explain how exchange rates are influenced by politics
  • Apply analytical tools in analysing a particular market or market segment
  • Explore and resolve an issue and reflect on the assumptions and consequences of the chosen theory or tool
International Economics and Market Analysis:
Exam ECTS 4,5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 20 pages
Assignment type Written assignment
Duration Written product to be submitted on specified date and time.
Grading scale 7-step scale
Examiner(s) Internal examiner and second internal examiner
Exam period Winter
Make-up exam/re-exam
Same examination form as the ordinary exam
Course content and structure

This module has two main parts. The first part introduces formal economic models simulating the behaviour of shipping markets, based on basic microeconomic theory. It focuses on the tanker and dry bulk markets, with special emphasis on the practical use of partial equilibrium models, but also more short-term forecasting models will be discussed, including the pros and cons of various types of market modelling methods and techniques, including system dynamics. For shipping segments with imperfect competition and economies of scale, the module also looks at the potential use of game theory in understanding market and competitor behaviour, including discussing co-opetition.


The second part aims at introducing theories of international trade and macro-economic issues like business cycles and currency markets. A main focus will be on understanding the globalisation process.
















Teaching methods
The module will combine lectures, discussions, group work and case presentations. Reading material will be provided to the participants in beforehand for preparation for the module. Participants will be encouraged to think of a relevant work-related project where they can apply the theory they have learned throughout the module in order to translate theoretical learning into practice.
Feedback during the teaching period
The feedback
Feedback is given to the student together with the grade when written and oral exams have been evaluated.

The evaluation
At the evaluation unit at CBS’s Economic & Analysis department we ask you to evaluate the overall course. In other words if there has been exercise classes and lectures the evaluation should include both. We evaluate every course and faculty to secure and strengthen the professional level of the offered course.
Student workload
Sessions 27,5 hours
Preparation and exam 96,25 hours
Last updated on 08-03-2018