Syllabus

Title
1688 Elective Course II - International Economics and Development
Instructors
ao.Univ.Prof. Dr. Gabriele Tondl
Contact details
Type
PI
Weekly hours
2
Language of instruction
Englisch
Registration
09/11/25 to 10/05/25
Registration via LPIS
Notes to the course
Dates
Day Date Time Room
Wednesday 10/08/25 12:00 PM - 02:00 PM D1.1.078
Wednesday 10/15/25 12:00 PM - 02:00 PM TC.3.12
Wednesday 10/22/25 12:00 PM - 02:00 PM TC.3.12
Wednesday 10/29/25 12:00 PM - 02:00 PM TC.3.12
Wednesday 11/05/25 12:00 PM - 02:00 PM TC.3.12
Wednesday 11/12/25 12:00 PM - 02:00 PM TC.3.12
Wednesday 11/19/25 12:00 PM - 02:00 PM TC.3.12
Wednesday 11/26/25 12:00 PM - 02:00 PM TC.3.12
Wednesday 12/03/25 12:00 PM - 02:00 PM TC.3.12
Wednesday 12/10/25 12:00 PM - 02:00 PM TC.3.12
Wednesday 12/17/25 12:00 PM - 02:00 PM TC.3.12
Wednesday 01/07/26 12:00 PM - 02:00 PM TC.3.12
Wednesday 01/14/26 12:00 PM - 02:00 PM TC.3.12
Wednesday 01/21/26 12:00 PM - 02:00 PM TC.3.12
Contents

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

In class participation is an important element of this course. Therefore, 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)

 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.

The main part of the course  will be covered by presentations of the course leader.

3 homeworks and 4 short quizzes during the teaching units will permit to check how familiar students are with the content. 
Homeworks should be handed in on time on Canvas Late submissions cannot be accepted. 
From the 3 quizzes, the 2 best are counted for the grade. Quizzes are announced in the unit before, they can only be done in class. 

The final exam covering the teaching units will be on December 17. 

Students will prepare a short seminar paper in a group of 2-3 students for the end of the term. Seminar papers will be presented and discussed by the groups in the last part of the course (Jan. 14 and 21). Seminar papers have to be handed in 1 week after the presentation. 

Students are encouraged to participate activly in class. For substantial contributions in class, points can be collected (1 point per unit). Points are registered at the end of each class by the teacher. Please make sure that your points are registered. Claims later during the term cannot be considered. 

Assessment

The final grade is based on

  • Homeworks and quizzes (30%)
  • Participation in class (10%)
  • Final exam (30%)
  • Presentation and submission of the seminar paper (30%) 

 

For a positive grade, the final test must be positive and the seminar paper presented and submitted

Notenschlüssel:

50-62 points     Sufficient
63-74 points     Satisfied
75-86 points     Good
87-100 points   Excellent
 

The themes of the seminar papers and the dates for presentation will be fixed on October 22. Seminar papers and presentations will be elaborated in a team of 2 (max 3) students. 

The course earns 5 ECTS (for Incoming Exchange Studierende the information of the ZAS applies).

Please safe the date of the final exam and your presentation in your calendar. 

Prerequisites for participation and waiting lists

Sie should have completed the course in „International Macroeconomics" and „Applied Microeconomics“.

For those who have already registered for this course:

    Your presence in the first unit is necessary to confirm your participation in this course. If you are unable to attend, you need to inform the course lecturer in advance in order not to loose your place in the course.
    If you wish to cancel your registration after the registration deadline, inform the course lecturer immediately via e-mail.

For those on the waiting list:

    Vacant places will be allocated to students on the waiting list in the first unit.

 

Readings

Please log in with your WU account to use all functionalities of read!t. For off-campus access to our licensed electronic resources, remember to activate your VPN connection connection. In case you encounter any technical problems or have questions regarding read!t, please feel free to contact the library at readinglists@wu.ac.at.

Availability of lecturer(s)

gabriele.tondl@wu.ac.at

Topics and guidelines for seminar papers

Seminar Papers - Topics and Guidelines:

Students will start the seminar paper with a an exposé (to be submitted in Canvas) which will be commented by the teacher. This exposé has to include a table of contents, a short description of the included sections, and a list of the used literature.  

The seminar paper is a team work (2 students, joint grade), length:15-20 pages, minimum 10 references of academic papers, reports of international organisations, and similar documents. In their seminar paper, students have to demonstrate that they can work independently on a problem and can write their own text on that. Please make sure that you cite all literature and data sources you employed correctly and completly (see the guidelines of the WU Economics Department for bachelor theses  http://www.wu.ac.at/ie/studium/  for correct citation). Attention: Any work that represents plagiarism will be rejected and you will not be able to pass the course. 

Seminar papers should be uploaded on Canvas 1 week after presentation. 

 

PROPOSED TOPICS

Please feel free to propose a topic by yourself by October 28

Distribution of topics seminar papers on October 28

An outline of your paper should be submitted by December 10 on Canvas

Topic 1: Neocolonialism - discuss present dependencies (that may be rooted in former colonial ties) in trade relations, politics, through multinationals. Look for good and bad examples. 
 
Topic 2: Asian miracles - Discuss the development strategy of a dynamically developing Asian country. Which factors were important for its success?  Feel free to choose another country (Vietnam?)
T
 
Topic 3: The socialist experience of development
Topic 3c: Socialism in Africa 
 
Topic 4b: The new raw material boom: New gainers, new strategies? 
Topic 4c: The future of oil producer countries in an area of decarbonization 
 
e.g.
Chinese FDI in energy infrastructure in Africa: Effects on development, environmental aspects, financial issues. 
Multinationals in the mining industry in a Latin American/African country and their effect on development
FDI in the agricultural sector and development, e.g. in an African country 
 
Topic 6: The macroeconomic consequences of the Ukraine war on the Ukraine  
(capital loss, investment requirements, foreign aid, labor market effects, poverty, heath system...)
 
Topic 7: The effect of the sanctions and the war on the Russian economy
 
Topic 8: The effects of armed conflicts on economic development in AFrica 
(Looking at example of Sudan, or Congo, Mali, Niger,...)
 
Topic 9: Reasons for high inflation experience in certain developing countries (drawing on example Zimbabwe, or Argentina, or Turkey,...)
 
Topic 10: The rise of the Renminbi as a global currency
 
 
Unit details
Unit Date Contents
1 Oct. 8

Economic Development in Comparison (Todaro/Smith chp. 2) 

2 Oct. 15

Economic Development in Comparison (Todaro/Smith chp. 2)

3 Oct. 22

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

4 Oct. 29

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

Allocation of seminar paper topics

5 Nov. 5

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

6 Nov. 12

International trade and Development (Todaro/Smith chp. 12)

7 Nov. 19

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

8 Nov. 26

Exchange Rates (Feenstra/Taylor ch. 13)

9 Dec. 3

Exchange Rates (Feenstra/Taylor chp. 14)

10 Dec. 10

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

Hand in Exposé Seminar Paper on Canvas

11 Dec. 17

Final Exam

12 Jan. 7

no class

13 Jan. 14

Presentation Seminar Papers

14 Jan. 21

Presentation Seminar Papers

Last edited: 2025-10-14



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