C12_International Economics - Seminar — Universität Liechtenstein

Semester:WS 20/21

Art:Seminar

Sprache:Englisch

Plansemester:5

Lektionen / Semester:30.0 L / 22.5 h

Selbststudium:37.5 h

Modulleitung/Dozierende

Bachelorstudiengang Betriebswirtschaftslehre (01.09.2012)

Discussion of articles on issues of international economics, i.e. issues of international trade, finance and policy interventions in markets

On successful completion of the course, students will be able to:

identify a theoretical approach to tackle a defined problem, and justify individual choice of theory
apply different theoretical models of international economics to explain real world phenomena
critically evaluate the character and effect of different theoretical approaches on the formulation of economic actor's strategies and behaviour
appraise theories of international trade in the light of current social and economic developments
narrow down a real economic phenomenon to a delineated research subject
outline and discuss comprehensive research designs for literature based analysis
formulate critical questions probing theoretical approaches and intended meanings
give constructive feedback
select helpful standard illustrations for deepening the theoretical underpinning of real world phenomena
initiate collaboration with colleagues for solving standard problems in relation to presentations
reflect their own scientific skills regarding constructive feedback and proposals for review and improvement

- analyze controversies and debates in international economics
- apply trade theories and theoretical approaches to exchange rate determination to explain and illustrate practical problems
- appraise theories of international economics in the light of current social and economic developments
- deepen the knowledge of theoretical approaches presented in the lectures and to prepare for exam
- train problem description, choice of theory and formulating research questions
- constructive presentation and co-discussion of fellow student´s presentation
- manage cognition, presence and awareness, self-evaluate own contributions

presentations, co-discussion , theoretical discourse, interactive routines, action learning routines

Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2019). International Economics: Theories of Trade. 11th Global Edition, Pearson Education Limited.
Feenstra, R., Taylor, A. M., C. (2017), International Economics, 4th Edition, Worth Publishing
Selected journal articles

Students are being asked to group in 9 teams (3 - 4 persons per team) . Each group is assigned (mandatory) with:
Presentation (50%) of one key topic (article), individual investment in terms of hours approximately 20 hrs with a total of 6 - 8 hrs invested in presentation
Homework for Feedback (30%), Individual investment in terms of hours approximately 5 hrs. There are only 3 grades for the due delivery of homeworks: - 50 points = passed (4.0) (late delivery of homework results in 30 points!!!) - 75 points = satisfactory (4.5 - 5.0) - 100 points = very good (5.5 - 6.0)
Class Participation (20%) - Class participation is evaluated based on critical questions posed, class presence and constructive contributions to discussion of presentations