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FTMBA 2024_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 2023
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.Foreign Direct Investment: Rationale and Policies

3.International Trade

4.Trade Restrictions and the Global Trading System

5.The Foreign Exchange Market, the Equilibrium Exchange Rate, and Currency Risk

6.The Swap Rate and the Foreign Exchange Rate in the Log Run

Date Time
Tuesday, 25.04.2023 09:00 - 16:30
Wednesday, 26.04.2023 09:00 - 16:30
Monday, 08.05.2023 09:00 - 16:30
Wednesday, 17.05.2023 09:00 - 14:45
Monday, 22.05.2023 09:00 - 13:00
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, 13th edition, 2021.
Lecture, class discussions, project work, and cases
Group project: 50%

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

Successful completion of courses preceeding the module
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