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International Trade and Investment

Course code
Course type
MSc Course
Weekly Hours
HS 2021
Prof. Dr. Michael Frenkel, Tuyet Ngoc Ngo
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.

This course introduces the major transactions of international business in international goods and financial markets. After a brief discussion of globalization, the course focuses on foreign direct investment, examining both the reasons why firms engage in such investment and the ways in which government policies encourage or discourage these transactions. The course then focuses on the reasons for international trade and the effects of protectionism. In the last part, the working of the foreign exchange market is examined.

To make sure that you understand the basics of supply and demand in a market, please watch before the first class meeting a short introduction into how markets work in competition in the following short video :


Date Time
Thursday, 04.11.2021 08:00 - 13:00
Wednesday, 10.11.2021 08:00 - 11:15
Wednesday, 24.11.2021 15:30 - 18:45
Thursday, 25.11.2021 08:00 - 13:00
Friday, 26.11.2021 08:00 - 13:00
Wednesday, 01.12.2021 08:00 - 11:15
Hill, C.W.L, and Hult, G.T.M., International Business – Competing in the Global Marketplace, 13th edition, 2021. Krugman, Paul/Obstfeld, Maurice/Melitz, Marc, “International Economics”, 11th ed. (Pearson Education) 2018
Class meeting with lectures and discussions

Brief case studies

Group project

Group project (50%)

Final exam (50%)

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