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2017/2018  BA-BINBO1129U  International Economics

English Title
International Economics

Course information

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
  • Daniel Borowczyk-Martins - Department of Economics (ECON)
Main academic disciplines
  • Economics
Last updated on 12-04-2018

Relevant links

Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: 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.
International Economics:
Exam ECTS 7,5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
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 Limited aids, see the list below:
The student is allowed to bring
  • Non-programmable, financial calculators: HP10bll+ or Texas BA II Plus
  • Language dictionaries in paper format
At all written sit-in exams the student has access to the basic IT application package (Microsoft Office (minus Excel), digital pen and paper, 7-zip file manager, Adobe Acrobat, Texlive, VLC player, Windows Media Player). PLEASE NOTE: Students are not allowed to communicate with others during the exam : Read more about exam aids and IT application packages here
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.
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
Feedback during the teaching period
The student should actively seek feedback from the professor/teacher.
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, Global Edition, 11th edition, Pearson.

Additional optional readings will be posted on the website of the course.

Last updated on 12-04-2018