International Economics SS 17  

Lecturer: Dr. Andreas Hoffmann
Start: April 10, 2017
Start date: Monday, 13:15 - 14:45
Room: HS15 (or as indicated)
Language: English
Grading: Written Exam

Exchange or visiting students: You need to register for the exam ("Prüfungsamt")! This is necessary for your transcript of records!

Aims and Scope

The course aims to develop a basic understanding of the theoretical, empirical and political aspects of international economics. Students are introduced to topics in international trade and international finance.

Sessions (Preliminary)

A

INTERNATIONAL TRADE

1.

Introduction to World Trade

Read: Krugman/Obstfeld: Chapter 1 and 2

10.04.2017

 

2.

Trade Theory I

Read: Krugman/Obstfeld: Chapter 3

https://thinkmarkets.wordpress.com/2017/04/19/200-years-of-the-theory-of-comparative-advantage/

24.04.2017

3.

Trade Theory II

Read: McLaren: Chapter 3 or Krugman/Obstfeld/Melitz: Chapter 6

08.05.2017

 

4.

Instruments of Trade Policy

Read: Krugman/Obstfeld: Chapter 8

15.05.2017

 

5.

Controversies in Trade Policy

Read: Krugman/Obstfeld: Chapter 9/10/11

22.05.2017

B

INTERNATIONAL FINANCE

6.

The Balance of Payments

Read: Krugman/Obstfeld: Chapter 12

29.05.2017

 

7.

Currency Markets

Read: Krugman/Obstfeld: Chapter 13

12.06.2017

8.

Exchange Rate Regimes

Read: Hanke, St. (1998): Financial Meltdowns and Exchange Rate Regimes, Cato Institute.

19.06.2017

Guest-Speaker Prof. Dr. h.c. mult. Hans-Werner Sinn (Präsident a.D. ifo Institut): „Zur Zukunft der Europäischen Union“

20.06.2017

6.30 pm  in HS 9 (Lecture Hall 9)

9.

Monetary and Fiscal Policies in an Open Economy

Read: Gärtner, Macroeconomics, Prentice-Hall, Chapter 5.

If you need to review the basic IS-LM model, here is a nice video guide.

26.06.2017

10.

Financial Crises

Mishkin (1992): An Anatomy of a Financial Crisis, Journal of Evolutionary Economics

03.07.2017

C

EXAM

About the Exam

Material for extra points: The EMU / Greek Crisis (5 extra points)

 

Written Exam

18.07.2017

D

COURSE EVALUATION

until 12.07.2017

Texts

Texts

Krugman, Paul / Obstfeld, Maurice 2009: International Economics: Theory and Policy, 8th edition.

McLaren, John 2013: International Trade, Wiley.

Alternatives

Caves, Richard / Frankel, Jeffrey / Jones, Ronald 2007: World Trade and Payments: An Introduction, 10th edition.

Carbaugh, Robert: Global Economics, South-Western Cengage Learning, 2011.

Salvatore, Dominick: International Economics: Trade and Finance, International Student Version 2010, John Wiley & Sons.


letzte Änderung: 03.07.2017