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International Economics
Last Updated: 2026-02-05 15:19:14
Abstract
Microeconomic principles; General equilibrium in closed and open economies; Traditional trade theory; Importance of increasing returns to scale; Imperfect competition; Public policies; Empirical content of trade theory
Objective
Microeconomic Principles are taught; Discussion of traditional and new trade theory; Discussion of the role of technological progress; Discussion of importance of public policies
Content
Globalization is one of the major development trends in the world economy today. To understand the causes and consequences of globalization, we need basic knowledge about international trade theory. This course aims at getting familiar with the theory of international trade. At first, traditional approaches (the Ricardo model and the Heckscher-Ohlin model) are discussed. Moreover, more recent approaches (keywords are "imperfect competition" and "increasing returns to scale") are considered. In addition, we highlight the role of technological progress as well as the importance of public policy.
Resources
Lecture Notes
Lecture notes will be provided successively in the course of the semester.
Literature
Markusen, J.R., J.R. Melvin, W.H. Kaempfer und K.E. Maskus, International Trade: Theory and Evidence, McGraw-Hill, New York, 1995.
General Information
- Language
- English
- Levels
- MSC
- Frequency
- Yearly recurring
Examination
- Type
- session examination
- Mode
- written 90 minutes
- Aids
- Nicht programmierbarer Taschenrechner (non-programmable calculator)
Course Components
| Type | Title | Time & Place | Hours |
|---|---|---|---|
| lecture |
International Economics
Lehrsprache: Englisch gegebenenfalls Deutsch.
|
|
2 h weekly |
Offered In
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Application Area (only necessary for MSc in Applied Mathematics)
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