International Economics and Business

Wirtschafts- und Sozialwissenschaften

Version 12.0 vom 26.02.2019

22M0904

International Economics and Business

International Business and Management (Master) (M.A.)

4

The module analyzes the (changing) roles of companies and countries in the global economy. The economics and business aspects are integrated into a holistic perspective. Future managers will be endowed with knowledge of how the global economy works, and with analytical skills strengthening their judgment on strategic decisions in internationally operating companies.

1. The international economy and globalization
2. World trade and capital flows - a quantitative analysis
3. Sources of comparative advantage 3.1. Technology 3.2. Factor endowments 3.3. Economies of Scale
4. Exchange rate and comparative advantage
5. Comparative advantage and global supply chains
6. International trade without comparative advantage
7. Protectionism
8. Trade policies for developing nations
9. International factor movements and multinational enterprises
10. Globalization, inequality and corporate responsibility

Wissensverbreiterung
Students who have successfully completed this module know the main drivers of globalization and can explain their impact on the structure of the global economy, nations' trade policy instruments and corporate strategic options.
Wissensvertiefung
Students who have successfully completed this module have extensive knowledge of international trade, foreign direct investment, balance of payments and exchange rates. They can identify the winners and losers of globalization processes and assess their consequences for enterprises operating internationally.
Können - instrumentale Kompetenz
Students who have successfully completed this module can interpret and evaluate the relevant global economic data and statistics to identify the winners and losers of globalization processes and to assess strategic options for enterprises operating internationally.
Können - kommunikative Kompetenz
Students who have successfully completed this module can critically analyze complex questions of the world economy and discuss them with colleagues and consultants at a high level. They question the political economy of dominant doctrines and media-propagated guidelines on economic governance in relation to the global economy.
Können - systemische Kompetenz
Students who have successfully completed this module acquire the ability to respond appropriately to unpredictable needs in a rapidly changing profession. They acquire a general problem-solving competence in the field of management in relation to international challenges.

Seminar lecture with case studies and self-study. On the basis of selected texts, the students tap into precise knowledge of the structure and interdependencies in the global economy and analyze their significance for the strategic actions of companies.

Bachelor level microeconomics and macroeconomics. Basic knowledge in globalization.

Trabold, Harald

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

5

Krugman, Paul et al. (2015): International Economics - Theory and Policy. 10th Edition.Carbaugh, Robert (2017): International Economics, 16th edition.Ronald Jones, Rolf Weder (2017): 200 Years of Ricardian Trade Theory.Peng, Mike (2013): Global Business, 3. Auflage.

• Klausur 2-stündig
• Klausur 1-stündig und Assignment
• Mündliche Prüfung
• Referat
• Hausarbeit

keine

Regular participation in lecturePostprocessing based on exercises and case studiesstudy of literature

1 Semester

Nur Sommersemester

Englisch