2013/2014
BA-PIEC International Economics
| English Title |
| International
Economics |
|
|
| Language |
English |
| Exam ECTS |
7.5 ECTS |
| Type |
Mandatory |
| Level |
Bachelor |
| Duration |
One Quarter |
| Course period |
Autumn |
| Time Table |
Please see course schedule at e-Campus |
| Study board |
Study Board for BSc/MSc i International Business and Politics,
BSc
|
| Course
coordinator |
- Battista Severgnini - Department of Economics
(ECON)
|
| Main academic
disciplines |
- International Political Economy
|
|
Last updated on
29-04-2013
|
| Learning objectives |
After the course students should be
able to:
- Explain basic concepts in International Economics (e.g.
"comparative advantage", “factor intensity”, “interest
rate parity”, BoPs, PPP, UIP, etc.)
- 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
- Perform simple policy simulations of major trade policy tools
(e.g. the impact of introducing tariffs), and illustrate them
diagrammatically
- Understand what determines exchange rate in both short and long
run
- 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)
- Understand different exchange rate regimes, and describe the
evolution of the international monetary systems including the
Economic and Monetary Union of the EU.
|
| Examination |
|
International
Economics:
|
| Examination form |
Written sit-in exam |
| Individual or group exam |
Individual |
| Assignment type |
Written assignment |
| Duration |
4 hours |
| Grading scale |
7-step scale |
| Examiner(s) |
One internal examiner |
| Exam period |
Winter Term |
| Aids allowed to bring to the exam |
Limited aids, see the list below and the exam
plan/guidelines for further information:
- Additional allowed aids
- Allowed calculators
|
| Make-up exam/re-exam |
Same examination form as the ordinary exam
If the number of registered candidates for the make-up
examination/re-take examination warrants that it may most
appropriately be held as an oral examination, the programme office
will inform the students that the make-up examination/re-take
examination will be held as an oral examination
instead.
|
|
| Course content and
structure |
| 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. |
| Teaching methods |
| Lectures, exercises and
discussions. |
Last updated on
29-04-2013
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