Syllabus

Titel
2013 Specialisation: International Economics
LV-Leiter/innen
Univ.Prof. Dr. Harald Badinger, Dr. Birgit Elisabeth Meyer, MSc.
Kontakt
  • LV-Typ
    PI
  • Semesterstunden
    3
  • Unterrichtssprache
    Englisch
Anmeldung
19.09.2019 bis 26.09.2019
Anmeldung über LPIS
Hinweise zur LV
Planpunkt(e) Master
Termine
Wochentag Datum Uhrzeit Raum
Montag 07.10.2019 10:00 - 14:00 D4.0.144
Montag 14.10.2019 10:00 - 14:00 D4.0.144
Montag 21.10.2019 10:00 - 14:00 D4.0.144
Montag 28.10.2019 10:00 - 14:00 D4.0.144
Montag 04.11.2019 10:00 - 14:00 D4.0.144
Montag 11.11.2019 10:00 - 14:00 D4.0.144
Montag 18.11.2019 10:00 - 14:00 D4.0.144
Montag 25.11.2019 10:00 - 14:00 D4.0.144
Montag 02.12.2019 10:00 - 14:00 D4.0.144
Montag 09.12.2019 10:00 - 14:00 D4.0.144
Montag 16.12.2019 10:00 - 14:00 D4.0.144
Montag 13.01.2020 10:00 - 14:00 D4.0.144
Montag 20.01.2020 10:00 - 14:00 D4.0.144
Mittwoch 22.01.2020 08:45 - 11:45 D4.2.013
Montag 27.01.2020 10:00 - 14:00 D4.0.144

Inhalte der LV

The first part focuses on models of international trade theory, dealing with the causes and consequences of trade and trade policy under perfect and imperfect competition. The second part, involving student presentations, deals with selected topics and contemporary issues (e.g., monetary systems, optimal currency areas, the Euro, financial crises, sovereign default).

Lernergebnisse (Learning Outcomes)

After this class students should have a sound knowledge of the main theories of international trade and exchange rate determination, understand their empirical implications, and beable to apply them to real worldissues and questions of economic policy relevance. The main part of the course focuses on models of international trade theory, dealing with the causes and consequences of trade and trade policy under perfect and imperfect competition.

Regelung zur Anwesenheit

Attendance is compulsory. Students can be absent during 2 units, beyond that a confirmation of severe reasons for absence is requested.

Students cannot be deregistered from the course after archieving accomplishments in one of the course's components.

Lehr-/Lerndesign

Lectures, Exercises, Tests, Student Presentations

Leistung(en) für eine Beurteilung

Mid-term test (units 1-4; 60 minutes; 35%), final test (units 6-9; 60 minutes; 35%), one presentation (20%) and two home assignments (each 5%). A positive joint mid-term and
final test (50% threshold of total points) and a positive presentation are required for passing the class. There will be one retake exam at the end of term covering all units for those who
failed.


Presentations: at the end of the units 2-4 and 6-9: students present articles from magazines (e.g., The Economist) of their choice (related to international economics), 5-10 min. For each
presentation there will be assigned discussants and an open discussion.

Teilnahmevoraussetzung(en) und Vergabe von Wartelistenplätzen

During the registration period, students will be placed on a first-come, first-serve basis. Once registration closes, more seats will be made available. Students from the waiting list will then be placed based on their cohort. Students from an older cohort will be placed before students from younger cohorts. If you are registered, but do not intend to take the class, we ask you to deregister during the registration period. There is no guarantee for a seat in this lecture!

Please show up in the first lecture to secure your place. (If you are not able to attend the first lecture, please notify us before hand.) Vacant spots might be offered to students on the waiting list (attending the first lecture).

Literatur

1 Autor/in: Feenstra, R.
Titel:

Advanced International Trade


Verlag: Princeton, Princeton University Press
Jahr: 2004
Art: Buch
2 Autor/in: Markusen, J.R., Melvin, J.R., Kaempfer, W.H., and Maskus. K.E.
Titel:

International Trade: Theory and Evidence


Verlag: New York et al., MacGraw-Hill
Jahr: 1995
Art: Buch
3 Autor/in: MacDonald, R.
Titel:

Exchange Rate Economics: Theory and Evidence


Verlag: London, Routledge
Jahr: 2007
Art: Buch
4 Autor/in: Dixit, A. and Norman, V.
Titel:

Theory of International Trade: A Dual, General Equilibrium Approach


Verlag: Cambridge et al., Cambridge University Press
Jahr: 2002
Art: Buch
5 Autor/in: Helpman, E.
Titel:

Understanding Global Trade


Verlag: Harvard, Harvard University Press
Jahr: 2011
Art: Buch
6 Autor/in: Helpman, E. and Krugman, P.
Titel:

Market Structure and Foreign Trade


Verlag: Cambridge, MIT Press
Jahr: 1985
Art: Buch
7 Autor/in: Markusen, J.
Titel:

Multinational Firms and the Theory of International Trade


Verlag: Cambridge Mass., MIT Press
Jahr: 2002
Art: Buch
8 Autor/in: Gandolfo, G.
Titel:

International Finance and Open Economy Macroeconomics


Verlag: NewYork, Springer
Jahr: 2002
Art: Buch

Empfohlene inhaltliche Vorkenntnisse

Good knowledge of microeconomics, macroeconomics, mathematics; knowledge in econometrics is helpful.


Tipp: As introductory easy reading, we recommend chapter 1-6, Feenstra and Taylor (2017): International Economics, New York: Worth Publishers.

Erreichbarkeit des/der Vortragenden

harald.badinger@wu.ac.at; birgit.meyer@wu.ac.at

Detailinformationen zu einzelnen Lehrveranstaltungseinheiten

Einheit Datum Inhalte
1

Introduction;

International Accounts, Balance of Payment

2

Exchange Rates; No-Arbitrage Conditions

3

Microeconomic Foundations I:

GE in Closed and Open Economies

4

Microeconomic Foundations II:

Gains from Trade

5

Mid-Term Test

6

Productivity Differences and Trade:

Ricardo Model

7

Endowment Differences and Trade

Heckscher-Ohlin Model, Specific Factor Model

8

Imperfect Competition and Trade

Monopolistic Competition, Heterogeneous Firms

9

Trade Policy, Tariffs, Quotas under Perfect and Imperfect Competition

10

Final Test

Zuletzt bearbeitet: 21.10.2019



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