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2025/2026  DIP-D1FMV9050U  International Trade and Macroeconomics

English Title
International Trade and Macroeconomics

Course information
Language English
Course ECTS 5 ECTS
Type Elective
Level Graduate Diploma
Duration One Semester
Start time of the course Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for Graduate Diploma in Business Administration
Programme Graduate Diploma in Business Administration (Part 1)
Course coordinator
  • Annaïg Morin - Department of Economics (ECON)
  • Mauricio Prado - Department of Economics (ECON)
Main academic disciplines
  • Economics
Teaching methods
  • Online teaching
Last updated on 17-11-2025

Relevant links
Learning objectives
After completing the course, the student must:
  • Be able to explain and apply core macroeconomic concepts, theories, models, and methods to analyse real-world economic issues and policy questions.
  • Be able to describe and explain the assumptions and mechanisms of the major macroeconomic models and illustrate these models graphically.
  • Be able to describe the conduct of fiscal and monetary policies and explain how these policies are affected by openness to trade and financial flows.
  • Have the competence to identify and analyze macroeconomic issues based on a conscious and well-reasoned statement of assumptions and the use of concepts, methods, theories, and models.
  • Have the competence to evaluate and communicate practical macroeconomic issues to partners.
Prerequisites for registering for the exam (activities during the teaching period)
Number of compulsory activities which must be approved (see section 13 of the Programme Regulations): 1
Compulsory home assignments
The students must successfully pass all the quizzes posted in Canvas to be able to attend the exam.
Examination
International Trade and Macroeconomics:
Exam ECTS 5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Please see text below
The exam will take place as a video submission of a maximum of 15 minutes.
See further information below.
Assignment type Written assignment
Release of assignment The Assignment is released in Digital Exam (DE) at exam start
Duration 24 hours to prepare
Grading scale 7-point grading scale
Examiner(s) Internal examiner and second internal examiner
Exam period Summer
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

The exam for this course is a video submission, which must be recorded and submitted individually. The student must identify themselves with a visible image in the video.

The video submission must be no longer than 15 minutes. Students will have 24 hours to prepare the video, and there is a fixed submission deadline. If the deadline is not met, the student must participate in the re-exam or make-up exam.

Video submissions are only valid in the semester in which the student is enrolled in both the course and the exam. This means that if the student does not pass the ordinary exam, the submitted video will not be valid for the re-exam or in subsequent semesters. Therefore, the student must submit a new video.
Course content, structure and pedagogical approach

The aim of this course is to provide students with an introduction to macroeconomics and international trade. The course focuses on the behavior of the economy in the short-run, specifically looking at the goods and financial markets. The course is designed to help students understand how these two markets operate, how they interact with each other, and how they are impacted by macroeconomic policies. The key mechanisms will first be explained in a context of closed economy and the analysis will then be extended to include international trade and financial openness.
Research-based teaching
CBS’ programmes and teaching are research-based. The following types of research-based knowledge and research-like activities are included in this course:
Research-based knowledge
  • Classic and basic theory
  • Methodology
  • Models
Research-like activities
  • Analysis
  • Discussion, critical reflection, modelling
Description of the teaching methods
The teaching format is a combination of online live/pre-recording

Online teaching will be recorded. The pedagogical methods will be based on innovative formats consisting of two fundamental principals: Firstly, we only teach up to 25 minutes, and then we will continue with quiz or another type of gamification, which will activate the students. A typical 3x45 minutes session will be changed to 4x25 minutes with three quizzes (multiple choice). We will also aim to develop an AI-generated chatbot for answering questions. The purpose is that we will open up the course for distance learning across time zones.
Feedback during the teaching period
The students will have access to feedback from the teacher during dedicated feedback modules. There will be a 1:1 session of 20 minutes for each student.
Student workload
Lectures 30 hours
Exam 38 hours
Preparation 70 hours
Expected literature

Blanchard, Amighici, and Giavazzi. Macroeconomics - Global Edition. 9th Edition. ISBN 978-1-292-46321-6
Last updated on 17-11-2025