English   Danish

2023/2024  BA-BPOLO1281U  International Economics

English Title
International Economics

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory (also offered as elective)
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/MSc i International Business and Politics, BSc
Course coordinator
  • Daniel Borowczyk-Martins - Department of Economics (ECON)
Main academic disciplines
  • Economics
Teaching methods
  • Blended learning
Last updated on 07-06-2023

Relevant links
Learning objectives
  • Explain basic concepts in International Economics in a comprehensive and intuitive way.
  • Describe and rationalize the main assumptions behind trade models.
  • Perform policy experiments based on trade models.
  • Illustrate diagrammatically these models and perform analysis of patterns of trade, gains from trade and redistributive effects of trade.
  • Solve algebraically simple trade models in order to determine the equilibrium economic variables.
Examination
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-point grading scale
Examiner(s) One internal examiner
Exam period Autumn
Aids Limited aids, see the list below:
The student is allowed to bring
  • An approved calculator. Only the models HP10bll+ or Texas BA ll Plus are allowed (both models are non-programmable, financial calculators).
The student will have access to
  • basic IT application package
Make-up exam/re-exam
Same examination form as the ordinary exam
The number of registered candidates for the make-up examination/re-take examination may warrant that it most appropriately be held as an oral examination. The programme office will inform the students if the make-up examination/re-take examination instead is held as an oral examination including a second examiner or external examiner.
Course content, structure and pedagogical approach

This course offers a detailed introduction to international economics. We study several trade theories with the goal of explaining why international trade takes place, what are the benefits of international trade, and in what patterns countries trade with each other.

 

We also study trade policy tools and their implications for market equilibrium (prices and quantities), social welfare (gross national product) and the distribution of welfare (inequality).

 

In relation to Nordic Nine

International Economics provides you with the ability to think about economic relationships between nations from an economic perspective and aligned with several Nordic Nine values.

You will learn how to formulate and answer fundamental economic and policy questions related to economic relations across nations using an analytical approach. You will develop models, assess the plausibility of their assumptions and the empirical validity of their predictions. You will understand the limitations of the models, and their usefulness to understand distinct historical episodes and different societal contexts. (NN1, NN2, NN6, NN8).

You will learn how to approach key societal challenges and ethical dilemmas with rigor and clarity by identifying and articulating the tradeoffs (both from an aggregate and a distributional perspective) entailed by economic decisions and policies (NN3, NN4, NN5).
Description of the teaching methods
Lectures, exercise classes on campus, and online exercises.
Feedback during the teaching period
This course comprises the following feedback activities. First, partial written solutions to exercises and quizzes with the goal of helping you figure out the solutions by yourself. Two, during exercise classes the teaching assistant will go through the solutions of some exercises in detail, focusing on the problems raised by students. Third, you can ask questions to the unit director via an online forum or by booking a slot during the online office hours to discuss/clarify any aspect of the syllabus on which you have problems.

Student workload
Preparation time (readings, group work etc.) 126 hours
Lectures / class exercises / “homework cafés” / workshops etc. 63 hours
Exam (incl. preparation for the exam and actual exam period) 14 hours
Expected literature

Paul R. Krugman, Maurice Obstfeld and Marc Melitz, International Economics: Theory and Policy, Global Edition, 11 or 12th Edition.
Last updated on 07-06-2023