International EconomicsLaajuus (5 cr)
Code: IB00BF70
Credits
5 op
Learning objectives
After completing the course, the student
- is aware of international organizations such as WTO, IMF, WB and UN
- understands the economic backgrounds of foreign trade and the most essential trade theories
- is able to use and apply economic analytical tools in international trade
- is aware of and understands the types of trade barriers and their economic effect on the consumption and production
- is familiar with and understands common arguments for imposing tariffs and other trade barriers
- understands the balance of payment and its significance as well as the foreign exchange market and exchange rate mechanism.
Content
- International organisations
- Trade theories and models
- Trade barriers
- Balance of payment
- Exchange rate systems and market
Qualifications
Principles of Economics.
Enrollment
01.12.2024 - 15.01.2025
Timing
01.01.2025 - 31.07.2025
Credits
5 op
Mode of delivery
Contact teaching
Teaching languages
- English
Degree programmes
- Degree Programme in International Business
Teachers
- Abdelazim Hannoura
Student groups
-
IB23SPInternational Business
Teaching methods
Course description (contents):
State of world's economy, globalization, major institutions.
Trade theories (mercantilism, absolute advantage, comparative advantage, factors endowment) and gain from specialization and trade.
Consumer and producer surplus, trade barriers.
Economic integration and its impact on trade.
Balance of payment and balance of trade, exchange rate systems and exchange rate determinants.
Course objectives:
Student become familiar with the economic backgrounds of foreign trade and most common trade theories.
Student is able to use and apply economic analytical tools in international trade.
Student is familiar with the role of governments and international organizations which distort trade between nations, and the economic consequences of trade barriers.
student will become familiar with the balance of payment and its significance, as well as the foreign exchange market and exchange rate mechanism.
Modes of Learning: Lectures, literature, guided exercises, group work
Student evaluation and grading: Evaluation will be 100% on final examination.
Qualifications
Principles of Economics.
Materials
Hubbard, O´Brien. Economics 3/E, or newer. Parkin. Economics 10/E or newer. Prentice Hall. (only Selected chapters).
Other material and web sources will be provided by instructor.