Internationale Wirtschaftsbeziehungen (Lorz, V2/Ü2, SS, economics competency)
Today, large numbers of companies operate internationally by exporting products, importing raw materials and preceding services, or producing internationally themselves. In addition, the internationalization of the economy is also indirectly affecting companies, e.g. because of new competition from companies abroad or because of impacts on the labor market and other key factor markets. This course addresses the effects of the international division of labor and the impact of internationalization on the companies involved from a macroeconomic perspective.
Causes of relative price advantages, Factor endowments and trade, Product differentiation and trade, Empirical approaches to foreign trade, Multinational corporations, Money market and exchange rate.
Students will become familiar with the most important factors influencing the international division of labor and will be able to assess the effects of trade for the firms and economies involved.
Knowledge of microeconomics
Written exam (100%, graded, 60min.) or oral exam (100%, graded, 15-30min.). The exact form of the examination will be announced at the beginning of the course.