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2020/2021  BA-BBLCO1242U  International Economics and Competitiveness

English Title
International Economics and Competitiveness

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc and MSc in Business, Language and Culture, BSc
Course coordinator
  • Evis Sinani - Department of International Economics, Goverment and Business (EGB)
Main academic disciplines
  • Globalisation and international business
Teaching methods
  • Blended learning
Last updated on 24-06-2020

Relevant links

Learning objectives
  • Identify and apply the relevant theories and models to international trade and economics topics.
  • Define and discuss key concepts in the analysis/discussion of the relevant theories and models.
  • Discuss and critically reflect on the strength and the weaknesses of relevant theories and models applied.
  • Present and explain supporting arguments in the analysis of topics addressed in the course
International Economics and Competitiveness:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Please see text below
There is no page allowance set for the exam. However, the student will have 4 hours to complete the exam and hand in via Digital Exam
Assignment type Written assignment
Duration Written product to be submitted on specified date and time.
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Winter
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

the exam consist of questions from the course material covered in the lectures and exercise sessions.

Course content, structure and pedagogical approach

International economics is largely about international trade, but it is also about investing abroad and entering a foreign market and thus becoming international and competitive in the world market. We will tackle both of these aspects in this course. For instance, we will discuss the classical and modern theories of trade that explain the dynamics of international trade at the industry level. However, we will also discuss why sometimes investing abroad is better than trading. In this respect we will debate why some firms across different industries will prefer the strategy of going international and enter a foreign market.


An important aspect of whether you trade or enter a foreign market is competitiveness. Consequently, competitiveness will be discussed as a comparative concept of the ability and the performance of firms within an industry or a country to sell and supply goods in a given market (based on the trade models). However, we will also tackle competitiveness in terms of firm resources and growth opportunities and how these resources influence the dynamics of competition and thus competiveness in the market.


Responsible/sustainable business standards are often perceived to be a constraint to developing country exports thus conferring a competitive advantage to multinationals and developed economies. In this course, students learn about responsible/sustainable management practices based on efficient production methods and the utilization of country and firm comparative advantages. For instance, students learn how efficient production methods can facilitate an improvement in a country’s trade competitiveness, which in turn, benefits citizens in a number of ways, regardless whether the trading nation is rich or poor. 


Furthermore, in relation to responsible management, it is of paramount importance for students to learn that when investing abroad, companies directly impact stakeholders both at home and in the target country(-ies). Foreign investment necessitates consideration of ethical business behaviors, cultural considerations, and trust relationships, which is why it is a consistent important theme for class discussion.

Description of the teaching methods
This course employs a mix of lectures and case studies. Lectures will cover core concepts and theories in international economics and competitiveness, and all the class is expected to participate in an interactive discussion. Case studies will be included in order to demonstrate the practical importance of the concepts and theories introduced in lectures. In such cases, case studies will have to be read and prepared by students 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. Finally, this course supports blended learning with active online interaction with content related videos, quizzes and debate questions, followed by in class discussion that promotes active learning.
Feedback during the teaching period
Feedback is given in the class, through quizzes; during the tutorial sessions that take place every week; as well as during office hours, which are organized once a week for the duration of the course.
Student workload
Lectures 20 hours
Tutorials 32 hours
Preparation for lectures 50 hours
Exam preparation 100 hours
Exam 4 hours
Total 206 hours
Expected literature

Textbook ( custom made book from):

International Economics: Theory and Policy, by Krugman, Obstfeld and Melitz, Prentice Hall.

International Business, by Mike Peng and Klaus E. Meyer , Cenage Learning.

Last updated on 24-06-2020