International Trade, Economic Integration and Development
Course code
ECON406
Course type
BSc Course
Weekly Hours
2,0
ECTS
3.0
Term
FS 2019
Language
Englisch
Lecturers
Prof. Dr. Ralf Fendel
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.
Course content
1. Trade Theory
2. Trade Policy
3. Regional Economic Integration
4. Development Theory
Class dates
| Date | Time |
|---|---|
| Thursday, 07.03.2019 | 08:00 - 11:15 |
| Wednesday, 13.03.2019 | 15:30 - 18:45 |
| Thursday, 14.03.2019 | 08:00 - 11:15 |
| Wednesday, 20.03.2019 | 08:00 - 11:15 |
| Wednesday, 03.04.2019 | 08:00 - 11:15 |
| Tuesday, 09.04.2019 | 15:30 - 18:45 |
Learning outcomes
- Getting familiar with the basic trade models andlearningabout the gains from international trade.
- Becoming aware about the theoretical concept of comparative advantages and the role of economies of scale in international trade.
- Understanding the dynamics of the world economy and upcoming challenges.
- Understand how protectionist measures such as tariffs affect the economy and individual businesses.
- The World Trade Organisation (WTO) and the political economy of trade multilateral and bilateral trade arrangements.
- Becoming familiar with the European Economic Integration process and understanding the implications of the Brexit.
- Becoming aware of the special challenges that developing nations face in the world economy.
Literature
Carbaugh, Robert J., International Economics, 16th edition, Cengage Learning, Boston, 2017. Secondary Literature:Krugman, P., Melitz, M. and Obstfeld, M., International Economics: Theory and Policy, 10th edition, Pearson Series in Economics, 2014.
Learningmethods
Lecture
Exam
Exam
Requirements
Macroeconomics I + II Microeconomics I + II Kenntnisse der makroökonomischen und mikroökonomischen Theorie