Current Issues in the Global Economy


Faculty of Business Management and Social Sciences


Version 15.0 of 08/10/2020

Code of Module


Modulename (german)

Current Issues in the Global Economy

Study Programmes
  • International Management (B.A.)
  • Betriebswirtschaft im Gesundheitswesen (B.A.)
  • Betriebswirtschaft und Management - WiSo (B.A.)
  • Wirtschaftsrecht (Bachelor) (LL.B.)
  • Internationale Betriebswirtschaft und Management (B.A.)
Level of Module


Mission Statement

Whereas the course „International Economics“ examines the question how the opening of a national economy to the world influences the economy of a country, this course reverses the perspective and a global view to current economic processes and structures is taken over.

  1. Basics of international economics and trade theory and policy (introduction or repetition)
  2. Elements of globalisation processes
  3. International competitiveness
  4. International comparison of locations
  5. Use of national and global environmental goods
  6. World trade order
  7. International finance and monetary order
  8. Regional dimension of the global economy: developing countries
  9. Regional dimension of the global economy: transition countries
  10. Regional dimension of the global economy: EU and eastern expansion
Learning Outcomes

Knowledge Broadening
Students have broad and integrated knowledge and comprehension of the present developments in the global economy. They know the reasons for these developments and the currently discussed proposals for further developing the world economy.
Knowledge Deepening
Students are able to reflect on the current developments in the global economy using the relevant theories and concepts. They are able to understand and discuss the current developments with regard to the historical perspective
Instrumental Skills and Competences
Students are able to analyze the current developments in global economy by using the relevant data. They can hypothesize about possible misdevelopments and are able to adopt a critical viewpoint when evaluating the currently discussed and favoured solutions.
Communicative Skills and Competences
Students are able to present verbally or in writing the results of their analyses and thereby show the significance of the results.
Systemic Skills and Competences
Based on their knowledge and their assessment of the current developments in the global economy, students can deduce the consequences for certain decisions for the company from the multinational and national acting.

Mode of Delivery

Lecture, group work, case studies, seminars, term papers and presentations, simulation games

Expected Knowledge and/or Competences

Knowledge in Micro and Macroeconomics, International Economics

Responsible of the Module

Mayer, Peter

  • Adam, Hans
  • Edling, Herbert
  • Hirata, Johannes
  • Mayer, Peter
  • Trabold, Harald
  • Skala, Martin


Concept of Study and Teaching
Workload Dozentengebunden
Std. WorkloadLehrtyp
Workload Dozentenungebunden
Std. WorkloadLehrtyp
Recommended Reading

Gilpin, R. (2001), Global Political Economy. Understanding the International Economic Order

International Monetary Fund: Finance & Development (various editions)

Krugman, P. (2008), The Return of Depression Economics and the crisis of 2008, New York/London

OECD "World Economic Outlook"

Pugel, T. (2012): International Economics, 15th edition, McGraw-Hill Irwin

Worldbank: World Development Reports, Washington(various editions)

Graded Exam
  • Homework / Assignment
  • Two-Hour Written Examination
  • Portfolio exam
Assessment Methods Remark

Evaluation of the group work presented

Examination Requirements

Knowledge about the impact of international framework conditions on national economic policy and possible alternative action in the context of international economic trends


1 Term

Module Frequency

Winter and Summer Term

Language of Instruction