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FTMBA 2021_I The World Economy

This course introduces students to important economic aspects that are relevant for firms involved in international business. It also discusses special features of the European integration process. The examination of the global business environment focuses on international trade, foreign direct investment and foreign exchange operations. The discussions of concepts are complemented by cases that aim at illustrating how economic linkages between countries affect the decision of firms.
Course code
Course type
FT MBA Course
Weekly Hours
FS 2020
Prof. Dr. Michael Frenkel
Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.

1. Globalization

2. International Trade

3. Trade Policy

4. Regional Economic Integration and the European Economy

5. Foreign Direct Investment: Rationale and Policies

6. The Foreign Exchange Market (Part I)

7. The Foreign Exchange Market (Part II)

8. The International Monetary System

Date Time
Monday, 20.04.2020 09:00 - 17:00
Tuesday, 21.04.2020 09:00 - 17:00
Wednesday, 29.04.2020 09:00 - 17:00
Thursday, 30.04.2020 09:00 - 15:00
Monday, 25.05.2020 09:00 - 12:30
Students will understand important features of the international economic environment for international business. They will learn to assess specific situations, developments, and policies in international trade, foreign direct investment, foreign exchange markets, and the international monetary systems.
Hill, C., International Business - Competing in the Global Marketplace, 11th edition, 2017.
Group project: 35%

Class participation: 15%

Final In-Class Exam (60 minutes): 50%

Successful completion of courses preceeding the module
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