International Business Studies FT
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International Economics (E)

level of course unit

1. Study cycle, Bachelor

Learning outcomes of course unit

The students are able to:
• discuss major trade theories and apply them to current developments.
• put the internationalization activities of companies into a theoretical framework and analyze the effects on corporate decisions.
• model the effects of government interventions such as tariffs and trade quotas and draw conclusions about possible effects on growth and employment.
• explain core balance of payments indicators and interpret them in relation to na-tional competitiveness.
• discuss the functioning of international organizations such as the World Trade Or-ganization and critically reflect on the potential/limitations of a monetary union such as the Eurozone.
• research recent globalization developments on the basis of scientific literature and reconstruct them through empirical data.

prerequisites and co-requisites

Courses: Managerial Economics and Political Economics

course contents

• Classical and modern trade theories
• Agglomeration advantages and choice of location
• Welfare effects of tariffs and trade quotas
• Balance of payments, current account and capital account
• Measurement and determinants of exchange rates
• World Trade Organization and Monetary Union
• Globalization and worldwide supply chains

recommended or required reading

• Feenstra, Rob; Taylor, Alan: International Economics. Worth (latest edition)
• Krugman, Paul; Obstfeld, Maurice; Melitz, Marc: International Economics: Theory and Policy, Global Edition. Pearon (latest edition)
• Gerber, James: International Economics. Prentice Hall (latest edition)

assessment methods and criteria

Online tasks, presentation, exam

language of instruction


number of ECTS credits allocated


eLearning quota in percent


course-hours-per-week (chw)


planned learning activities and teaching methods

Blended Learning

semester/trimester when the course unit is delivered


name of lecturer(s)

Prof. (FH) Dr. Peter Dietrich

course unit code


type of course unit

integrated lecture

mode of delivery


work placement(s)