Trade between sectors, trade within sectors, trade along the international value chain, international factor movements (including FDI), and multinational firms. Special emphasis in each chapter will be put on international taxation issues. Students interested in the monetary aspects of international economics are encouraged to follow a course on international macroeconomics. The course will follow part one of the excellent textbook by Theo Eicher, John Mutti, and Michelle Turnovsky (2009), International Economics, Routledge, 7th Edition, pp. 1 – 335. Chapters are indicated in the syllabus below initiated by EMT. A somewhat easier text that lacks the tax focus of EMT is Robert Feenstra, Alan Taylor (2011), International Trade, Worth Publishers, 2nd Edition (FT). Students with a weak background in economics may find it useful to consult this text before approaching EMT. Students are discouraged from using the staple text in international economics, Paul Krugman, Mark Melitz, and Maurice Obstfeld (2011), International Economics, Pearson, 9th Edition. But in case you have a copy lying around, chapters are indicated with the prefix KMO.

Students should learn to understand economic reasoning, such as incentives, price adjustments, and trade-offs. Moreover, students should obtain a comprehensive overview of (real aspects of) international economics.

Students are supposed to read (!) the chapter before coming to the respective class. The course will review contents and respond to specific questions. Review Questions are given at the end of class and reviewed at the beginning of next unit.

Active participation (20%), Exercises (20%), Final 8 hour take home exam (60%).

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1	Author: Theo Eicher, John Mutti, and Michelle Turnovsky Title: International Economics Publisher: Routledge Edition: 7 Remarks: Seite 1 - 335 Year: 2009 Content relevant for class examination: Yes Recommendation: Essential reading for all students Type: Book
2	Author: Robert Feenstra, Alan Taylor Title: International Trade Publisher: Worth Edition: 2 Remarks: you may also use part one of "International Economics" by the same authors. Year: 2011 Content relevant for class examination: Yes Content relevant for diploma examination: No Recommendation: Strongly recommended (but no absolute necessity for purchase) Type: Book

martin.zagler@gmail.com

In case you are not a DIBT student, please contact the lecturer directly.

All teaching material is available at https://www.dropbox.com/sh/r0gwpiyy3nt0dyg/AACBlw73YBvrf4L0gPuumzQua?dl=0