International economics

Course Code :1302TEWECB
Study domain:Economic Sciences
Academic year:2020-2021
Semester:2nd semester
Sequentiality:The student must have obtained a credit for the following courses:
- 'Microeconomics'
- 'Macroeconomics'
Contact hours:60
Study load (hours):168
Contract restrictions: Exam contract not possible
Language of instruction:English
Exam period:exam in the 2nd semester
Lecturer(s)Roland Winkler

3. Course contents *

The course is divided into two parts: international trade and international macroeconomics. International trade covers the reasons for trade and explanation of trade patterns. International macroeconomics covers the balance of payments, global imbalances, and open economy macroeconomics.

Topics include:

  • Labor Productivity and Comparative Advantage
  • Resources and Trade: The Heckscher-Ohlin Model
  • Trade and Income Distribution
  • The Standard Trade Model
  • External Economies of Scale and the International Location of Production
  • Firms in the Global Economy
  • National Income Accounting, the Balance of Payments, and Global Imbalances
  • Intertemporal Trade
  • Current Account Determination in a Production Economy
  • Twin Deficits: Fiscal Deficits and Current Account Imbalances
  • Uncertainty and the Current Account