International Economics


Faculty of Business Management and Social Sciences


Version 25.0 of 01/25/2022

Code of Module


Modulename (german)

International Economics

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


Mission Statement

Global economic interconnectedness via international goods and factor markets offers opportunities to increase national wealth. However, domestic and external problems may arise as a consequence of such reciprocal dependencies. Companies increasingly operate in this global context.

  • Free trade vs. autarky
  • Protectionism, especially tariffs
  • Integration stages: Free trade area, custom union, common market
  • Balance of payments
  • Exchange rates, especially determinants
  • Exchange rate regimes: Fixed vs. flexible exchange rates, relevance of central banks, Currency unions
  • Trade policies and monetary policies
  • European aspects
  • Multilateral Institutions: IWF and WTO
Learning Outcomes

Knowledge Broadening
Students who sudied successfully know the key questions and concepts of international economics (like gains from trade and determinants of exchange rates) as well as international policy instruments.
Knowledge Deepening
They are able to identify winners and losers of international trade and monetary interactions and to evaluate consequences of state interventions.
Instrumental Skills and Competences
Students develop an understanding of foreign trade and monetary dependencies of national economies and can evaluate international economic policy proposals.
Communicative Skills and Competences
They develop their skills in arguing for or against contentious economic policy measures and, in doing so, learn how to integrate different perspectives.
Systemic Skills and Competences
Students are able to apply economic instruments to international economic issues and to develop own approaches to solving a problem.

Mode of Delivery

Lectures with exercises, current and historical case studies.

Expected Knowledge and/or Competences

Principles of Economics or Microeconomics / Microeconomic Theory and Policy; Macroeconomics would be an additional advantage.

Responsible of the Module

Skala, Martin

  • Hirata, Johannes
  • Jennes, Geert
  • Mayer, Peter
  • Skala, Martin
  • Trabold, Harald


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

Skala, M. (2021): Economic Models:********Krugman, P., Obstfeld, M. (latest ed.), International Economics -- Theory and Policy, Prentice Hall.********Other sources are given in the lecture.

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


Examination Requirements

Given in the lecture.


1 Term

Module Frequency

Winter and Summer Term

Language of Instruction