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2014/2015  BA-BHAAO1937U  International Economics and Business

English Title
International Economics and Business

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Semester
Course period Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc in Economics and Business Administration
Course coordinator
  • Anders Sørensen - Department of Economics (ECON)
  • Christian Geisler Asmussen - Department of Strategic Management and Globalization (SMG)
Sekeretær: Peter Dan Eriksen, pde.smg@cbs.dk
Main academic disciplines
  • Globalization, International Business, markets and studies
  • Corporate and Business Strategy
  • Economics, macro economics and managerial economics
Last updated on 05-05-2015
Learning objectives
By the end of the course and at the exam, the student must be able to:
  • Demonstrate an overview over the methods, theories, and analytical techniques used in international economics and international business.
  • Understand and present key models from international economics and trade theory. The student must thus be able to set up a relevant economic model describing a given situation, solve numerical problems based on a given model, provide a graphical analysis of a given solution, and provide verbal economic intuition for the results.
  • Demonstrate an understanding of the fundamental theories and frameworks from the field of international business. The student must thus be able to account for the content, economic foundations, empirical implications, and practical relevance of those theories.
  • Apply the relevant theories, models, and methods to industry- and firm-specific managerial issues, where the student is expected to be able to relate the economic models and theoretical frameworks to concrete cases.
Course prerequisites
Completed course in introductory microeconomics on the level of HA-Almen 1st year.
Prerequisites for registering for the exam
Number of mandatory activities: 1
Examination
The exam in the subject consists of two parts:
Midtvejsprøve:
Sub exam weight30%
Examination formWritten sit-in exam
Individual or group examIndividual
Assignment typeMultiple choice
Duration2 hours
Grading scale7-step scale
Examiner(s)One internal examiner
Exam periodSpring Term
Aids allowed to bring to the examLimited aids, see the list below and the exam plan/guidelines for further information:
  • 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.
Afsluttende prøve:
Sub exam weight70%
Examination formWritten sit-in exam
Individual or group examIndividual
Assignment typeWritten assignment
Duration4 hours
Grading scale7-step scale
Examiner(s)Internal examiner and external examiner
Exam periodSummer Term
Aids allowed to bring to the examLimited aids, see the list below and the exam plan/guidelines for further information:
  • 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.
Description of the exam procedure

The exams are in English and the answers by the students must be in English as well. The answers must be comprehensible, but the capability to write in English is not otherwise a criterion for the grade.

Course content and structure

The globalization of the World economy has led to an increased international mobility of goods, capital, and labor, presenting multinational as well as domestic companies with new challenges and opportunities. This course focuses on these challenges and opportunities. The students must become familiar with and master the analytic tools and models that make them able to exploit the insights of International Economics and International Business when working with managerial issues faced by firms in the global economy. The course gives the students a solid theoretical knowledge base, but the focus will be on the way in which this insight is applied to real-world problems.
 
The course is built on two integrated perspectives which are introduced in parallel. One perspective is based on models in international economics and trade theory, while the other perspective is based on international business theory. The students will learn how to combine the insights from these two perspectives and apply them to cases describing real industries and firms.
 

Teaching methods
Lectures and exercise classes consisting of case analysis and problem solving.
Expected literature

The course uses a customized book (available from the CBS bookstore) based on:

  • P. Krugman, M. Obstfeld, & M.J. Melitz: International Economics, 9th Edition. Pearson
  • S.T. Cavusgil, G. Knight, & J.R. Riesenberger: International Business, 2nd Edition. Pearson.
  • Cases from Harvard Business School Publishing

Lecturers: Christian Geisler Asmussen (SMG) and Anders Sørensen (ECO)
Exercise Teachers: TBA.

Last updated on 05-05-2015