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International Trade: Theory and Empirical Analysis *

Name of module: International Trade: Theory and Empirical Analysis *

Exam number: 5048

Semester/Trimester: Semester

Form of the module (i.e. obligatory, elective course): Wahlpflicht

Frequency of module offer: Each winter semester

Prerequisites: Orientierungsphase should be completed.

Applicability of module for other modules and study programmes:
Serviceveranstaltung für Studierende der Kultur- bzw. Rechtswissenschaften

Person responsible for module: Prof. Dr .Dieter Schumacher

Name of the professor: Prof. Dr. Dieter Schumacher

Language of teaching: englisch

ECTS-Credits (based on the workload): 5

Workload and its composition (self-study, contact time):
Kontaktzeit (Vorlesung, Übung, Seminar etc.): 37,5 Std.; Selbststudium: 112,5 Std.

Contact hours (per week in semester): 3

Methods and duration of examination:
It is possible to earn a course requirement (Prüfungsschein). Provided that you successfully complete the final examination.

Emphasis of the grade for the final grade: Eins

Aim of the module (expected learning outcomes and competencies to be acquired):
The students are to learn the economic determinants and consequences of international trade flows. Based on the "classical" theories of international trade they are to understand the approaches of the "new" trade theories. Applying these analytical tools the students should be able to evaluate themselves recent developments in international economic relationships.

Contents of the module:
- Empirical analysis of international trade by countries and product groups
- Theories of inter-industry trade
- Theories of intra-industry trade
- Gravity model of international trade
- Trade policy: Selected Issues

Teaching and learning methods:

Literature (compulsory reading, recommended literature):
Krugman, Paul R., Maurice Obstfeld, 2008: International Economics. Theory and Policy. Boston: Prentice-Hall.
Markusen, J.R., J.R. Melvin, W.H. Kaempfer, K.E. Maskus, 1995: International Trade. Theory and Evidence, McGraw-Hill.
Södersten, Bo, Geoffrey Reed, 1994: International Economics. Basingstoke: Macmillan.