1480 Elective Course II - International Economics and Development
ao.Univ.Prof. Dr. Gabriele Tondl
Contact details
Weekly hours
Language of instruction
09/06/21 to 09/26/21
Registration via LPIS
Notes to the course
Day Date Time Room
Monday 10/04/21 12:00 PM - 02:00 PM TC.4.18
Monday 10/11/21 12:00 PM - 02:00 PM D4.0.127
Monday 10/18/21 12:00 PM - 02:00 PM D4.0.127
Monday 11/08/21 12:00 PM - 02:00 PM D4.0.127
Monday 11/15/21 12:00 PM - 02:00 PM D4.0.127
Monday 11/22/21 12:00 PM - 02:00 PM D4.0.127
Monday 11/29/21 12:00 PM - 02:00 PM Online-Einheit
Monday 12/06/21 12:00 PM - 02:00 PM Online-Einheit
Monday 12/13/21 12:00 PM - 02:00 PM Online-Einheit
Monday 12/20/21 12:00 PM - 02:00 PM Online-Einheit
Monday 01/10/22 12:00 PM - 02:00 PM D4.0.127
Monday 01/17/22 12:00 PM - 02:00 PM D4.0.127
Monday 01/24/22 12:00 PM - 02:00 PM D4.0.127

This course focuses on the problems of developing countries in an international and macro economic context. We shall first discuss theories of economic development and examine how international trade and foreign direct investment contribute to development. Second, in a macroeconomic part, we shall look at the role of different exchange rate systems, currency crises, balance of payment problems and foreign debt.

Learning outcomes

After this course, participants of this course should be in a position to understand the typical problems of developing countries and their causes and should be able to evaluate efficient measure to overcome them.

Attendance requirements

This course will take place at the WU Campus.

Students are requested to attend the course regularly. Attendance will be checked in each unit. You can miss the course twice without notice. Further absence only in case of serious reasons.

Teaching/learning method(s)

The main part of the course  will be covered by presentations of the course leader. Weekly homeworks or short quizzes during the teaching units will permit to check how familiar students are with the content. Students will prepare a seminar paper for the final units. The final part of the course is reserved for the presentation of seminar papers and their discussion.


Final grades are based on the written test (40% of grade), quizzes (30%) and presentation and submission of the seminar paper (30%),  

To receive a positive final grade, the test must be passed and the seminar presented and submitted in written form!

Topics for the seminar paper and dates of presentation will be distributed on November 8 The seminar paper and its presentation will be done as a teamwork by 2 students.

The course has 5 ECTS (for incoming students the ZAS information applies).

Students should attend classes, but can be absent during 2 units. Beyond that a confirmation of severe reasons for absence is requested.

Please reserve the dates of the test and your presentation in your calendar.. Alternative dates cannot be offered.

Prerequisites for participation and waiting lists

You must have passed the courses in international macroeconomics and applied microeconomics.

1 Author: Todaro/Smith

Economic Development

Publisher: Prentice Hal
Edition: 12. (ed 11 can be used)
Year: 2015
Content relevant for class examination: Yes
Content relevant for diploma examination: No
Recommendation: Essential reading for all students
Type: Book
Availability of lecturer(s)

Unit details
Unit Date Contents
1 Oct, 4

Economic Development in Comparison (Todaro/Smith, ch. 2)

2 Oct 11

Theories of Economic Development  (Todaro/Smith ch. 3)

3 Oct. 18

International Trade and Development (Todaro/ Smith ch. 12)  


Foreign Direct Investment (Todaro/Smith ch. 14, Feenstra/Taylor ch. 5)

5 Oct 25 / Nov. 1

!!! Attention no course !!!

6 Nov. 8

Distribution of Seminar Paper Topics

Trade and Development

7 Nov. 15

Exchange Rates (Feenstra/Taylor ch. 13)

8 Nov. 22

Exchange Rates (Feenstra/Taylor ch. 14)

9 Nov. 29

Fixed Exchange Rates (Feenstra/ Taylor, ch. 15)

10 Dec. 6

Currency Crises (Feenstra/Taylor ch. 20)

Hand in Exposé Seminar Paper at Learn (upload under learning activities)

11 Dec 13
12 Dec. 20


13 Jan. 10

Presentation Seminar Papers

14 Jan. 17

Presentation Seminar Papers

Last edited: 2021-11-08