Syllabus

Title
0858 Specialization Course - International Economics
Instructors
Assoz.Prof PD Dr. Katrin Rabitsch-Schilcher, Mag.Mag. Florian Kaulich
Contact details
katrin.rabitsch@wu.ac.at, florian.kaulich@wu.ac.at
Type
PI
Weekly hours
4
Language of instruction
Englisch
Registration
09/12/17 to 09/25/17
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Specialization Course - International Economics
Dates
Day Date Time Room
Monday 10/09/17 04:30 PM - 06:30 PM D4.0.022
Tuesday 10/10/17 01:00 PM - 03:00 PM D5.0.002
Monday 10/16/17 05:00 PM - 07:00 PM D4.0.022
Tuesday 10/17/17 01:00 PM - 03:00 PM D5.0.002
Monday 10/23/17 04:30 PM - 06:30 PM D4.0.022
Tuesday 10/24/17 01:00 PM - 03:00 PM D5.1.001
Monday 10/30/17 04:30 PM - 06:30 PM D4.0.022
Tuesday 10/31/17 12:30 PM - 02:30 PM TC.4.01
Monday 11/06/17 04:30 PM - 06:30 PM D4.0.022
Tuesday 11/07/17 12:30 PM - 02:30 PM D5.1.001
Monday 11/13/17 04:30 PM - 06:30 PM D4.0.022
Tuesday 11/14/17 01:00 PM - 03:00 PM TC.3.01
Monday 11/20/17 04:30 PM - 06:30 PM D4.0.022
Tuesday 11/21/17 01:00 PM - 03:00 PM D5.0.002
Monday 11/27/17 04:30 PM - 06:30 PM D4.0.022
Tuesday 11/28/17 01:00 PM - 03:00 PM TC.4.01
Monday 12/04/17 04:30 PM - 06:30 PM D4.0.022
Tuesday 12/05/17 01:30 PM - 03:30 PM TC.3.01
Tuesday 12/12/17 12:30 PM - 02:30 PM D5.0.002
Monday 12/18/17 04:30 PM - 06:30 PM D4.0.022
Tuesday 12/19/17 12:30 PM - 02:30 PM D5.0.002
Tuesday 01/09/18 01:00 PM - 03:00 PM D4.0.019
Tuesday 01/16/18 01:00 PM - 03:00 PM D4.0.019
Tuesday 01/23/18 01:00 PM - 03:00 PM D4.0.019

On this page:

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Contents

This course consists of three parts:

  1. "International Trade" (taught by Florian Kaulich) and will cover the main theories that help to understand the causes of trade flows between countries and their effects on welfare. Special emphasis will be placed on the effects of trade on the within-country distribution of income of different economic agents. Based on this, several types of trade policies will be presented, together with their effects on welfare and equality under different economic environments. Various current and historic examples will be used to motivate questions and to support the understanding of the presented concepts.
  2. "International macroeconomics" (taught by Katrin Rabitsch) and will focuse on trade in capital, the balance of payments and exchange rate determination
  3. After completing parts 1 and 2, selected topics and contemporary issues (e.g., monetary systems, optimal currency areas, the Euro, financial crises, sovereign default) will be presented by students. This part will be held jointly by both lecturers.
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Learning outcomes
After completing this course, students will have a good knowledge of the most important theories and models of international trade and exchange rate regimes. They will be able to apply them to real world issues and questions of economic policy relevance.
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Teaching/learning method(s)
Lectures, exercises, presentations by students, essays.
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Assessment

100 points (+5 bonus points) achievable in total, of which:

  • 30 points: Two written exams on part 1 (Trade) in November and December 2017
  • 25 points: One written exam on part 2 (Macro) in December 2017
  • 25 points: Presentations by students (in groups), consisting of an oral presentation in January 2018 and a written version by mid of February 2018
  • 15 points: Continuous assessment, e.g. quizzes, homeworks (+5 bonus points)
  •   5 points: Empirical assignment (in groups)

The time schedule will be specified in the first class. Exams and quizzes cannot be taken at another than the scheduled date, neither can they be re-taken.

  • ≥87.5 points: Sehr Gut (1)
  • ≥75.0 points: Gut (2)
  • ≥62.5 points: Befriedigend (3)
  • ≥50.0 points: Genügend (4)
  • <50.0 points: Nicht genügend (5)
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Prerequisites for participation and waiting lists
  • Applied Microeconomics
  • International Macroeconomics
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Readings
1 Author: R. Feenstra and A. Taylor
Title:

International Economics

Publisher: Worth Publishers, Macmillan Education
Edition: 4th international edition
Remarks: (the 3rd international edition can be used as well)
Year: 2017
Content relevant for class examination: Yes
Recommendation: Essential reading for all students
Type: Book
2 Author: P. Krugman, M. Obstfeld and M. Melitz
Title: International Economics: Theory and Policy

Publisher: Pearson
Edition: 10th edition
Year: 2015
Content relevant for class examination: No
Recommendation: Reference literature
Type: Book
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Availability of lecturer(s)
Please feel free to get in touch with the lecturers via email. If you wish to meet them personally, please ask for an appointment via email.
Last edited: 2017-10-08



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