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Language of Instruction
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English
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Level of Course Unit
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Bachelor's Degree
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Department / Program
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ECONOMICS
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Type of Program
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Formal Education
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Type of Course Unit
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Compulsory
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Course Delivery Method
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Face To Face
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Objectives of the Course
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1. Have a general knowledge of international economics. Describe the main questions in international economics and the main components of international trade.
2. Explain how the world economy works using the theories/models of international trade and finance.
3. Comprehend the limitations of the theories/models of international trade and finance.
4. Know the main tools of international trade policy and international macroeconomic policy.
1. Have a general knowledge of international economics. Describe the main questions in international economics and the main components of international trade.
2. Explain how the world economy works using the theories/models of international trade and finance.
3. Comprehend the limitations of the theories/models of international trade and finance.
4. Know the main tools of international trade policy and international macroeconomic policy.
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Course Content
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The course aims at providing students an analytical framework that is required to understand how events in the world economy affect national economies and how events in national economies affect the world economy. There are two parts throughout the course. The first part comprises the basics of International Trade Theory and Policy. It discusses the patterns of international trade, why nations trade, what they trade, and who gains from trade. The second part examines the basics of International Monetary Economics analyzing how different exchange rate systems work and influence national economies and their balance of payments.
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Course Methods and Techniques
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Students will actively acquire knowledge and skills by reading at home the necessary texbook passages, discussing them in class, practising their skills during homework and by preparing a group prject.
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Prerequisites and co-requisities
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( ECON102 )
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Course Coordinator
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None
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Name of Lecturers
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Asist Prof.Dr. Heiko Schuss
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Assistants
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None
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Work Placement(s)
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No
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Recommended or Required Reading
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Resources
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Recommended Textbooks:
Williamson, J., Milner, C. 1991. The World Economy: A Textbook in International Economics. Latest Edition, Prentice-Hall: UK.
Kenen, P. B. 2000. The International Economy. Fourth Edition, Cambridge University: UK.
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Recommended Textbooks: Williamson, J., Milner, C. 1991. The World Economy: A Textbook in International Economics. Latest Edition, Prentice-Hall: UK. Kenen, P. B. 2000. The International Economy. Fourth Edition, Cambridge University: UK.
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