International Business Studies FT
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International Economics

level of course unit

first cycle, Bachelor

Learning outcomes of course unit

Students will:
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

not specified

course contents

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


course-hours-per-week (chw)


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

2nd year

recommended optional program components

not specified

course unit code


type of course unit


mode of delivery

In-class course

work placement(s)

not applicable