Syllabus

Title
2033 Specialization Course - International Economics
Instructors
Christoph Hammer, M.Sc., Univ.Prof. Dr.Dr. Ingrid Kubin
Contact details
ingrid.kubin@wu.ac.at, christoph.hammer@wu.ac.at
Type
PI
Weekly hours
4
Language of instruction
Englisch
Registration
09/17/18 to 09/24/18
Registration via LPIS
Notes to the course
Subject(s) Bachelor Programs
Specialization Course - International Economics
Dates
Day Date Time Room
Tuesday 10/09/18 12:00 PM - 02:00 PM TC.5.12
Wednesday 10/10/18 11:30 AM - 01:30 PM TC.4.15
Tuesday 10/16/18 01:00 PM - 03:00 PM D3.0.222
Wednesday 10/17/18 11:00 AM - 01:00 PM D2.0.038
Tuesday 10/23/18 12:00 PM - 02:00 PM EA.6.026
Wednesday 10/24/18 11:00 AM - 01:00 PM D2.0.038
Tuesday 10/30/18 12:00 PM - 02:00 PM TC.5.16
Wednesday 10/31/18 11:00 AM - 01:00 PM TC.5.12
Tuesday 11/06/18 01:00 PM - 03:00 PM TC.4.16
Wednesday 11/07/18 11:30 AM - 01:30 PM TC.3.05
Tuesday 11/13/18 12:00 PM - 02:00 PM TC.4.18
Wednesday 11/14/18 11:00 AM - 01:00 PM TC.0.02 Red Bull
Tuesday 11/20/18 12:00 PM - 02:00 PM TC.5.02
Wednesday 11/21/18 11:00 AM - 01:00 PM TC.5.01
Tuesday 11/27/18 12:00 PM - 02:00 PM D4.0.019
Wednesday 11/28/18 11:00 AM - 01:00 PM TC.5.27
Tuesday 12/04/18 12:00 PM - 02:00 PM D4.0.019
Wednesday 12/05/18 11:00 AM - 01:00 PM TC.5.12
Tuesday 12/11/18 12:00 PM - 02:00 PM TC.5.14
Wednesday 12/12/18 11:00 AM - 01:00 PM TC.5.02
Tuesday 12/18/18 12:00 PM - 02:00 PM TC.5.04
Wednesday 12/19/18 11:00 AM - 01:00 PM TC.5.02
Tuesday 01/08/19 12:00 PM - 02:00 PM TC.5.04
Wednesday 01/09/19 11:00 AM - 01:00 PM TC.5.02
Tuesday 01/15/19 12:00 PM - 02:00 PM TC.5.04
Wednesday 01/16/19 11:00 AM - 01:00 PM TC.5.02
Tuesday 01/22/19 12:00 PM - 02:00 PM TC.5.04
Wednesday 01/23/19 11:00 AM - 01:00 PM TC.5.02

On this page:

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Contents

PRELIMINARY

This course consists of three parts:

  1. "International Trade" will be taught by C. Hammer 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" will be taught by Prof. I. Kubin 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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Attendance requirements

We accept two missed lectures in each part of the course (Tuesday and Wednesday respectively).

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Teaching/learning method(s)
Lectures, exercises, presentations by students, essays.
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Assessment

PRELIMINARY

100 points achievable in total:

  • 27 points: one written exam on part 1 (International Macroeconomics)
  • 35 points: two written exams on part 2 (International Trade)
  • 20 points: presentation by students (in groups), consisting of an oral presentation and a written version in form of an essay
  • 18 points: continuous assessment, e.g. quizzes, excercises, homeworks

 For a positive completion of this course, at least 50 points have to be achieved in total, of which at least 25 points must be achieved in the written exams.

Grading:

  • Excellent (Sehr gut): 87.5 points
  • Good (Gut): 75 points
  • Satisfactory (Befriedigend): 62.5 points
  • Sufficient (Genügend): 50 points
  • Not sufficient (Nicht genügend): below 50 points
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Prerequisites for participation and waiting lists
  • Applied Microeconomics
  • International Macroeconomics
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Readings
1 Author: Feenstra, R.C. and Taylor, A.M.
Title: International Economics

Publisher: New York: Worth Publishers
Edition: Third edition
Year: 2014
Content relevant for class examination: Yes
Recommendation: Essential reading for all students
Type: Book
2 Author: Krugman, P. R., Obstfeld, M. and Melitz, M. J.
Title: International Economics - Theory and Policy

Publisher: Pearson
Edition: Tenth 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: 2018-11-21



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