290021 International Economics

Detaljer
Fødevareøkonomisk Institut
Tidligst mulig placeringBachelor 1. år
VarighedEn blok
 
Pointværdi7.5 (ECTS)
KursustypeFælleskursus
Compulsory BA-course in Agricultural Economics Common course for all other studies
 
EksamenSluteksamen

mundtlig eksamen

Portfolio eksamen


Skriftlig auditorieeksamen

kun visse hjælpemidler

Beskrivelse af eksamen: 1. Five or more problem sets (exact number will be announced at course start)one of which is a midterm assignment, 75% of all assigned work is required to be completed. 2. A final 2-hour written exam.

Vægtning: Written final 2-hour exam: 45% Course work: 55%



7-trinsskala, intern censur

Eksamensdatoer:
21 June 2008
 
Rammer for undervisningLectures and exercises
 
BlokplaceringBlock 4
Ugestruktur: A
 
UndervisningssprogEngelsk
 
Anbefalede forudsætningerMicro Economics
 
Kompetenceområder
Competencies in basic science
This course gives a basic theoretical understanding of alternative models of trade, the gains from trade, comparative advantage, and the strategic role governments may play in affecting trade. This course also gives a basic understanding of how exchange rates are formed, how monetary policy affects international financial conditions, and the role of currency areas such as the European Union. Importantly, students in this course will apply qualitative analysis tools to predict market outcomes within the context of the theory we cover.

Competencies in applied science
This course develops the students' ability to quantify the accuracy of alternative models of trade relative to observed historical data. This course also gives insight into the accuracy of models of monetary policy and exchange rate formation. Student's participating in this course will be asked to perform basic statistical tests to compare the accuracy of various theoretical models discussed.

Competencies in ethics and values
This course fosters the students' ability to reflect on the logic and interaction between objective or positive microeconomic issues and subjective or normative economic values.
 
Kursets målsætning
The course introduces theories of international economics and their application. The trade section presents models of why countries trade & explores why governments may restrict free trade. We also discuss the motivation for multinational firms to globalize operations. The finance section introduces models of exchange rate determination, describes government financial intervention with monetary policy, and shows how one may assess costs and benefits of joining a monetary union such as the EU.
 
Kursusindhold
This survey course explores the theoretical foundations of International Trade and Finance. The first part of the class focuses on why nations trade, what they trade, and how free trade and it's newest incarnation outsourcing, can be beneficial or detrimental to trading countries. We will also discuss what governments can do to influence trade flows and how government policy can be used as a strategic tool by a country to achieve its own international objectives; the political debate surrounding such policies are also surveyed. The second part of the class will focus on trade in capital, exchange rates, and monetary systems. We will discuss interest rate and monetary policies and the effects that these policies have on financial transactions and a country's output. We will also survey of past monetary systems and discuss contemporary issues concerning optimal currency areas and the European Union experience.
 
Undervisningsform
The teaching is based on lectures that presents the central elements of the curriculum of international economics. In following theoretical exercises the students will work in groups with both practical and theoretical problems. Furhtermore there will be a degree of self studies.
 
Målbeskrivelse
Stipulated in "Areas of Competence the Course Will Address"
 
Litteraturhenvisninger
Paul Krugman and Maurice Obstfeld, International Economics: Theory and Policy, Pearson International Edition, Seventh Edition, (Pearson, Addison-Wesley).

Readings:
The course may also cover a selection of W.S. Journal, Economist, and New York Times articles to be provided pending available course time.
 
Kursusansvarlig
Hugh Kelley, huk@foi.dk, Fødevareøkonomisk Institut/Afdeling for International Økonomi og Politik, Tlf: 35336863
 
Studienævn
Studienævn NSN
 
Kursusbeskrivelsesomfang
forelæsninger40
teoretiske øvelser32
forberedelse130
eksamen4
kollokvier0
ekskursioner0
projektarbejde0
vejledning0

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