2015/2016
BA-BINBO1129U International Economics
| English Title |
| International
Economics |
|
|
| Language |
English |
| Course ECTS |
7.5 ECTS |
| Type |
Mandatory |
| Level |
Bachelor |
| Duration |
One Quarter |
| Start time of the course |
Fourth Quarter |
| Timetable |
Course schedule will be posted at
calendar.cbs.dk |
| Study board |
Study Board for BSc in International
Business
|
| Course
coordinator |
- David Jinkins - Department of Economics
(ECON)
|
| Main academic
disciplines |
|
|
|
Last updated on
12-08-2015
|
| Learning objectives |
To achieve the grade 12, students
should meet the following learning objectives with no or only minor
mistakes or errors: After having attended the course the students
should be able to:
- Explain basic terminology from International Economics in a
comprehensive and intuitive way.
- Describe and rationalize the main assumptions behind trade
models.
- Perform policy experiments.
- Illustrate diagrammatically these models and perform analysis
of the pattern of trade, gains of trade and effect on the income
distribution from free trade.
- Solve algebraically simple trade models in order to determine
the equilibrium economic variables.
- Describe and rationalize the main assumptions behind the main
models of Open Economy Macroeconomics, such as models based on PPP,
the uncovered interest parity etc.
- Illustrate diagrammatically these models, perform policy
experiments and interpret verbally what happens when moving from
one equilibrium to another.
|
| Examination |
|
International
Economics:
|
| Exam ECTS |
7,5 |
| 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 |
Spring and Summer, the regular exam takes place
in June. The make-up and re-examination takes place in
August. |
| Aids allowed to bring to the exam |
Closed Book: no aids |
| 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.
The Make-up and Re-examination takes
place according to the same rules as the regular
exam.
|
Description of the exam
procedure
No aids allowed other than basic language dictionaries (e.g.
from mother tongue to English and vice versa and English/English)
and non-programmable calculators as specified on the BSc IB study
homepage on E-campus.
|
|
| Course content and
structure |
|
The aim of the course is to enable the students to understand
and explain the determinants of international trade and monetary
economics. Moreover, the students should understand the scope for
economic policy in open economies and the role played by
institutions.
This course offers a detailed introduction to international
economics. The first part of the course deals with International
Trade Theory providing the tools necessary for an analysis of the
“real” economic variables (relative prices as well as the amount of
goods produced, consumed and traded).
In the second part of the course the focus is on the “monetary”
variables. We develop a theoretical framework that allows us to
understand the interaction between “monetary” and “real” variables.
Furthermore, we analyze a brief history of the international
monetary system and of the single European currency.
Finally, we study the macroeconomic causes and consequences of the
global financial crisis and recession of 2007-2009 and the problems
related to the European sovereign debt and the Euro
|
| Teaching methods |
| Lectures and Exercises |
| Student workload |
| Lectures |
42 hours |
| Exercises |
12 hours |
| Preparation for class and exams |
171 hours |
|
| Expected literature |
|
Paul R. Krugman,Maurice Obstfeld and Marc Melitz,
International Economics: Theory and Policy, Pearson
International Edition, latest edition
Additional optional readings will be posted on the website of the
course.
|
Last updated on
12-08-2015
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