2020/2021
BA-BISHO3004U Macroeconomics and Trade
| English Title |
| Macroeconomics and
Trade |
|
|
| 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 |
|
|
|
Last updated on
30-06-2020
|
| 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 weight | 20% | | Examination form | Home assignment - written product | | Individual or group exam | Individual exam | | Size of written product | Max. 5 pages | | . | | Assignment type | Written assignment | | Duration | 48 hours to prepare | | 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 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 weight | 30% | | Examination form | Home assignment - written product | | Individual or group exam | Individual exam | | Size of written product | Max. 5 pages | | Assignment type | Written assignment | | Duration | 48 hours to prepare | | 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 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 weight | 50% | | Examination form | Home assignment - written product | | Individual or group exam | Individual exam | | Size of written product | Max. 10 pages | | Assignment type | Written assignment | | Duration | 48 hours to prepare | | 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 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.
11 HOURS OUT OF 42 WILL BE DELIVERED ONLINE |
| 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
30-06-2020
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