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2019/2020  BA-BISHO3004U  Macroeconomics and Trade

English Title
Macroeconomics and Trade

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Start time of the course Second Quarter, Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 70
Study board
Study Board for BSc in International Shipping and Trade
Course coordinator
  • Jesper Buhl - Department of Strategy and Innovation (SI)
Main academic disciplines
  • Globalisation and international business
Teaching methods
  • Face-to-face teaching
Last updated on 07-08-2019

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 thecore concepts in macroeconomics and international trade theories and models
  • Apply relevant theories and models to the study of global trade flows
  • Analyze developments in macroeconomics and international trade drivers
  • • Discuss, present and explain how such developments influence shipping markets from a shipping operator's perspective
Examination
The exam in the subject consists of three parts:
Midterm 1 - Macroeconomics and Trade:
Sub exam weight20%
Examination formHome assignment - written product
Individual or group examIndividual exam
Size of written productMax. 5 pages
.
Assignment typeWritten assignment
Duration48 hours to prepare
Grading scale7-point grading scale
Examiner(s)One internal examiner
Exam periodWinter
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

The first and second assignment has to cover the first two listed learning objectives. The third and final assignment has to cover all four learning objectives.

 
 

 

Midterm 2 - Macroeconomics and Trade:
Sub exam weight30%
Examination formHome assignment - written product
Individual or group examIndividual exam
Size of written productMax. 5 pages
Assignment typeWritten assignment
Duration48 hours to prepare
Grading scale7-point grading scale
Examiner(s)One internal examiner
Exam periodWinter
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

The first and second assignment has to cover the first two listed learning objectives. The third and final assignment has to cover all four learning objectives.

Final - Macroeconomics and Trade:
Sub exam weight50%
Examination formHome assignment - written product
Individual or group examIndividual exam
Size of written productMax. 10 pages
Assignment typeWritten assignment
Duration48 hours to prepare
Grading scale7-point grading scale
Examiner(s)One internal examiner
Exam periodWinter
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

The first and second assignment has to cover the first two listed learning objectives. The third and final assignment has to cover all four learning objectives.

Course content, structure and pedagogical approach

The course Macroeconomics and Trade will introduce  the students to the fundamental theories of Macroeconomics, International Trade and Trade Policies and apply these theories to global trade flows and trade developments. The lectures on the structure and dynamics of international trade models provide the backbone for the following class discussions on shipping trade flows of goods and how economic and political changes alter these flows.

 

The content of this course overarch macroeconomy, international economy and international trade aspects in an attempt to provide the students with a better understanding of the diverse set of factors influencing the short and longer term demand for shipping services.

Description of the teaching methods
This course employs a mix of lectures followed by in-class topic specific plenum case discussions enabled by the students work in study groups. Lectures will cover core concepts and theories in macroeconomics and international trade, and all the class is expected to participate in an interactive discussion. Empirical cases will be included in order to demonstrate the practical importance of the concepts and theories introduced in lectures. In such cases, the case material will have to be read and prepared by students in study groups before the lecture. In the class students will be presented with questions regarding the case. This will provide the basis for a greater level of interaction and student understanding of theoretical notions.
Feedback during the teaching period
In this course the students will receive feedback in a continuous basis through class discussions and individual feedback related to assignments
Student workload
Lectures 42 hours
Preparation for lectures 60 hours
Home assignments 100 hours 100 hours
Expected literature

International Economics: Theory and Policy, by Krugman, Obstfeld and Melitz, Pearson

Last updated on 07-08-2019