Master 2020/2021

International Economics

Type: Compulsory course (Master in International Management)

Area of studies: Management

Delivered by: Department of Theoretical Economics

Where: Graduate School of Business

When: 1 year, 1 module

Mode of studies: offline

Instructors: Kemal Kivanc Akoz

Master’s programme: Международный менеджмент

Language: English

ECTS credits: 6

Contact hours: 48

Course Syllabus

Abstract

The course provides an analysis of the economic relationships between countries, covering both trade and monetary issues. The main theories, in international trade and in open economy macroeconomics, are introduced in an intuitive way to pinpoint discuss the current developments in the field of international economics.

Learning Objectives

• The main factors and drivers of international trade and the impact of international trade on wealth and income distribution
• International Macroeconomics: balance of payments accounts, exchange rates, macroeconomic equilibrium concept for open economies, currency and financial crises

Expected Learning Outcomes

• Understand the patterns of trade and their determinants
• Understand the distributional consequences of international trade in goods.
• Be able to spell out the consequences of trade policy: tariffs or quotas
• Understand exchange rates, their definitions, and main determinants.
• Understand the national accounts and balance of payments
• Understand the ingredients of balance of payments crises.

Course Contents

• International Trade
  patterns of trade and their determinants, the distributional consequences of international trade in goods, consequences of trade policy: tariffs or quotas.
• International Macroeconomics
  exchange rates, balance of payments, macroeconomic equilibrium for open economies, currency and financial crises

Assessment Elements

• Homework Assignments
• Take-Home Final Exam

Interim Assessment

• Interim assessment (1 module)
  0.65 * Homework Assignments + 0.35 * Take-Home Final Exam

Bibliography

Recommended Core Bibliography

• International economics : theory and policy, Krugman, P. R., 2015
• N. Gregory Mankiw. (2020). PDF Macroeconomics 10th Edition by N. Gregory Mankiw Download. https://doi.org/10.5281/zenodo.3752461

Recommended Additional Bibliography

• International economics, Feenstra, R. C., 2012
• Mankiw, N. G. (DE-588)120973626, (DE-576)164048383. (2000). Macroeconomics / N. Gregory Mankiw. New York, NY: Worth. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edswao&AN=edswao.07890529X