Students understand and can apply key concepts of international trade and international monetary economics. Successful completion of this class allows appropriate assessment of policy developments such as Brexit, European (dis)integration and protectionism.

Lecture along the textbook by Krugman/Obstfeld/Melitz. Additional topical material from the Financial Times and The Economist will be provided to highlight the practical relevance of the subject. 

What is international economics about?International trade theoryMonetary theory in an open economyInstitutional aspects of international trade and monetary policy

 Key principles and concepts of economics. 

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Selected chapters of: International Economics: Theory and Policy, Paul R. Krugman, Maurice Obstfeld, Marc Melitz, Pearson Addison-Wesley. Any recent edition of this textbook is suitable. 

Written online examination in presence.

Relevant chapters of P.R. Krugman, M. Obstfeld and M.J. Melitz: International Economics - Theory and Policy, New York. Additional material provided. 

The exam consists of 15x4 statements which have to be assessed as either true or false. For passing a score of at least 42 is required. Grading according to the following schedule:0-41      542-45    446-50    351-55    256-60    1