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International Trade, Economic Integration and Development

Course code
Course type
BSc Course
Weekly Hours
HS 2019
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.

1. Trade Theory

2. Trade Policy

3. Regional Economic Integration

4. Development Theory

Date Time
Wednesday, 06.11.2019 08:00 - 11:15
Wednesday, 13.11.2019 08:00 - 11:15
Wednesday, 20.11.2019 08:00 - 11:15
Wednesday, 27.11.2019 08:00 - 11:15
Wednesday, 04.12.2019 08:00 - 11:15
Wednesday, 11.12.2019 08:00 - 11:15
Friday, 20.12.2019 15:00 - 17:30
- Getting familiar with the basic trade models and learning about 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.

- Becoming familiar with the European Economic Integration process and understanding the implications of the Brexit.

- Understanding exchange rate dynamics-

- Getting familiar with the economics of the European Monetary Union.

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.
Macroeconomics I + II Microeconomics I + II Kenntnisse der makroökonomischen und mikroökonomischen Theorie
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