level of course unit
first cycle, Bachelor
Learning outcomes of course unit
know and understand the fundamental relationships and methods of foreign trade theory;
know and understand the fundamental relationships of exchange rate theory and foreign exchange policy;
know and understand the effects of customs duties, quotas and other trade restricting and/or funding activities.
prerequisites and co-requisites
This course will critically examine the fundamental relationships of foreign trade, exchange rate theory and foreign exchange policy. Students will look at comercial effects of customs duties and quotas based on the theory of international trade, and discuss exchange rate determination and the management of flexible and fixed exchange rates based on knowledge of economic and monetary relationships with flexible and limited flexible commodity prices.
recommended or required reading
Feenstra, R.: Advanced International Trade – Theory and Evidence. Princeton, Oxford, 2004.
Ghosh, A.R., Gulde, A.-M., Wolf, H.C.: Exchange Rate Regimes. Choices and Consequences. Cambridge, 2003.
Krugman, P.: The great unravelling: from boom to bust in three scandalous years. London et al., 2003.
Obstfeld, M., Rogoff, K.: Foundations of International Macroeconomics. Cambridge, 1996.
Rivera Batiz, L.A., Oliva, M.-A.: International Trade – Theory, Strategies and Evidence. Oxford, 2003.
Voudsen, N.: The Economics of Trade Protection. Cambridge, 1990.
assessment methods and criteria
Written exam and/or scientific paper and/or presentation
language of instruction
number of ECTS credits allocated
planned learning activities and teaching methods
Lecture, group work, presentation and task discussion
semester/trimester when the course unit is delivered
name of lecturer(s)
Prof. (FH) Brent Kigner, PhD
year of study
recommended optional program components
course unit code
type of course unit
mode of delivery