Information on individual educational components (ECTS-Course descriptions) per semester

  
Degree programme:Bachelor International Business Full-time
Type of degree:FH BachelorĀ“s Degree Programme
 Full-time
 Winter Semester 2021
  

Course unit titleInternational Economics and Financial Markets
Course unit code025007055002
Language of instructionEnglish
Type of course unit (compulsory, optional)Compulsory
Semester when the course unit is deliveredWinter Semester 2021
Teaching hours per week2
Year of study2021
Level of course unit (e.g. first, second or third cycle)First Cycle (Bachelor)
Number of ECTS credits allocated3
Name of lecturer(s)Wolfgang DISCH


Prerequisites and co-requisites

none

Course content

First, this lecture focuses on the common core of international economics: (1) The Foreign Exchange Market, (2) International Trade and (3) Pros and Cons of Globalization.

Second, we analyze how financial markets (such as those for bonds, stocks, and other assets) and financial institutions (banks, central banks) work.

And, as a final motivation, it is simply good to know what is going on in this world and it is, therefore, also fun to study this fascinating field of financial markets & international economics.

Learning outcomes

The students should be able to demonstrate how the analysis in the lecture can be used to explain many important real-world situations. Therefore, we use a set of special cases that introduce students to real-world problems that financial institutions have to solve.

Numerical examples guide students through solutions to financial problems using formulas, time lines, and calculator key strokes.

Students should be able to understand relevant news and articles and data that are reported daily in financial news.

Students should have a feel for what is important in the operation and structure of the central bank. They do know how changes in technology have affected financial markets and institutions.

Students understand conflicts of interest in different financial service industries and know dramatic historical episodes and will be able to apply the theory to the data. They also understand the pros and cons of globalization.

Students expand their knowledge of the financial markets and international economics.

Planned learning activities and teaching methods

Lecture and independent exercises

Case studies help to digest the material and illustrate whether you still have some gaps that you should close. The so-called "Education Notes" also provided in the lecture include questions that will be discussed within the course.

Assessment methods and criteria

Comprehensive written examination

Comment

none

Recommended or required reading

The books are:

Mishkin/Eakins (2015), Financial Markets and Institutions, Pearson (8th edition).

Krugman/Obstfeld (2009), International Economics. Theory and Policy (8th edition)

Mankiw/Ball  Macroeconomics and the Financial System

Mode of delivery (face-to-face, distance learning)

Face-to-face

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