607.173 (21S) Topics 1: International Microeconomics

Sommersemester 2021

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Erster Termin der LV
02.03.2021 10:00 - 11:30 Online Off Campus
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Überblick

Bedingt durch die COVID-19-Pandemie können kurzfristige Änderungen bei Lehrveranstaltungen und Prüfungen (z.B. Absage von Präsenz-Lehreveranstaltungen und Umstellung auf Online-Prüfungen) erforderlich sein.

Weitere Informationen zum Lehrbetrieb vor Ort finden Sie unter: https://www.aau.at/corona.
Lehrende/r
LV-Titel englisch
Topics 1: International Microeconomics
LV-Art
Vorlesung-Kurs (prüfungsimmanente LV )
LV-Modell
Onlinelehrveranstaltung
Semesterstunde/n
2.0
ECTS-Anrechnungspunkte
4.0
Anmeldungen
11 (50 max.)
Organisationseinheit
Unterrichtssprache
Englisch
LV-Beginn
02.03.2021
eLearning
zum Moodle-Kurs

Zeit und Ort

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LV-Beschreibung

Intendierte Lernergebnisse

This course looks at the determinants of trade in goods and services, export-market participation and multinational activity with an emphasis on decisions at the firm-level and market structure. We will analyze decisions like whether or not to build or acquire a foreign plant and where to raise the financing.  We begin by recapitulating key features of models of trade under perfect competition like the Ricardian and Heckscher-Ohlin model and extend these ideas to models of trade with imperfect competition.

After completing the course, students should have acquainted themselves with theoretical foundations of international trade. This should enable them to use such concepts to think analytically about issues in international trade from an economic perspective.


Inhalt/e

 You will learn about:

  1. Gains from trade, comparative advantage, technological differences
  2. Differences in endowments and specific factors
  3. Multi-national firms: Trade theory under imperfect competition and increasing returns to scale, e.g. 
  • A partial-equilibrium, single-firm model of plant location
  • Offshoring and trade in intermediate inputs

Erwartete Vorkenntnisse

Comprehensive knowledge of the current content of StEOP: Introduction to Economics (607.110), VC Microeconomics (607.135/6), VC Macroeconomics (607.110), VO Economic Policy (608.110), VO Introduction to International Trade (607.110) is required for this course.  A good grasp of the materials presented in the Statistics and Mathematics foundational courses is essential.

Literatur

  • Feenstra, R. & A.T.: International trade, 4thEd, Macmillan, 2017
  • Feenstra, R.: Advanced international trade: Theory & evidence, Princeton University Press, 2015
  • Dixit, A. & V. Norman: Theory of International Trade, Cambridge University Press, 1980
  • Markusen, J.  & K.E. Maskus: International trade: Theory and evidence, Copyright J. R. Markusen and K.E. Maskus, 2011

A detailed reading list and schedule will be made available on the course platform throughout the semester. 

Prüfungsinformationen

Geänderte Prüfungsinformationen (COVID-19 Ausnahmeregelung)

Grading scheme for course part 

Grades

Credits

Sehr gut
40-35,5
Gut
35-30,5
Befriedigend
30-25,5
Genügend
25-20,5
Nicht Genügend
20-…

Grading scheme for Final Exam

Grades

Credits

Sehr gut
60-56
Gut
55-51
Befriedigend
50-46
Genügend
45-42
Nicht Genügend
41…

Prüfungsmethode/n

IN ORDER TO ATTEND CLASSES, PLEASE SIGN UP FOR THE COURSE IN MOODLE. Students are expected to attend and actively participate in class and perform sufficiently on all course assignments. Attendance is mandatory, yet, you are allowed to miss two sessions. Course assignments will consist of homework exercises to prepare for practice sessions and a final online-multiple-choice-exam. For homework exercises a total of 40 credits can be earned, for the final exam a total of 60 credits.  

The final exam will take place at the end of the term.  Taking part in the exam is obligatory. You need to enroll yourself for it in ZEUS. If you do not succeed at the first attempt, you will have a chance to retake the exam at the end of July/beginning of August.

Please note that both the successful completion of practice sessions and passing the final exam are necessary in order to complete this course successfully. If you fail one part, you will have to re-attend the course in another semester. 

Further details will be available in Moodle and announced in class. 

Prüfungsinhalt/e

Course content

Beurteilungskriterien/-maßstäbe

Students are expected to attend and actively participate in class and perform sufficiently on all course assignments. Course assignments will consist of homework exercises to prepare for practice sessions and a final online-multiple-choice-exam. For homework exercises a total of 40 credits can be earned, for the final exam a total of 60 credits. 

Please note that both the successful completion of practice sessions and passing the final exam are necessary in order to complete this course successfully. If you fail one part, you will have to re-attend the course in another semester. 

Beurteilungsschema

Note Benotungsschema

Position im Curriculum

  • Bachelorstudium International Business and Economics (SKZ: 516, Version: 19W.1)
    • Fach: Topics in International Economics (Pflichtfach)
      • 9.2 Topics in International Economics 1 ( 0.0h VO, VI, VC / 4.0 ECTS)
        • 607.173 Topics 1: International Microeconomics (2.0h VC / 4.0 ECTS)
          Absolvierung im 4., 5. Semester empfohlen

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