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International & Environmental Economics
level of course unit
1. Study cycle, BachelorLearning outcomes of course unit
The students are able to:
• identify the increasing integration of the world economy as globalization and explain historical developments
• to analyze the drivers of international foreign trade within the framework of economic models and to relate them to current developments
• discuss the limitations of markets and the causes of market failures
• identify the economic effects of climate change and discuss instruments for reducing CO2 emissions
• assess the potential for political interventions in foreign trade and environmental protection
• identify the increasing integration of the world economy as globalization and explain historical developments
• to analyze the drivers of international foreign trade within the framework of economic models and to relate them to current developments
• discuss the limitations of markets and the causes of market failures
• identify the economic effects of climate change and discuss instruments for reducing CO2 emissions
• assess the potential for political interventions in foreign trade and environmental protection
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
• 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
• The CORE Team: The Economy: Economics for a Changing World. Oxford University Press (latest edition)
• Krugman, Paul; Obstfeld, Maurice; Melitz, Marc: International Economics: Theory and Policy, Global Edition. Pearson (latest edition)
• Field, Barry; Field, Martha: Environmental economics: an introduction. McGraw-Hill Book Company (UK) Ltd (latest edition)
• Krugman, Paul; Obstfeld, Maurice; Melitz, Marc: International Economics: Theory and Policy, Global Edition. Pearson (latest edition)
• Field, Barry; Field, Martha: Environmental economics: an introduction. McGraw-Hill Book Company (UK) Ltd (latest edition)
assessment methods and criteria
Portfolio
language of instruction
Englishnumber of ECTS credits allocated
4eLearning quota in percent
25course-hours-per-week (chw)
2planned learning activities and teaching methods
Blended Learning
