Current Issues in the Global Economy

22B0718

Bachelor

English

5.0

winter- and summerterm

1 semester

The current developments in the world show how key factors of the world economic system are changing and substantially impact on countries and firms. It is important for students to get to know the trends and to understand and interpret the trends from a theoretical perspective. By doing so, students will both develop an understanding of theory and practice and the interconnectedness.

1. Basics of international economics and trade theory and policy (introduction or repetition) 2. Elements of globalisation processes 3. International competitiveness 4. International comparison of locations 5. Use of national and global environmental goods 6. World trade order 7. International finance and monetary order 8. Regional dimension of the global economy: developing countries 9. Regional dimension of the global economy: transition countries 10. Regional dimension of the global economy: EU and eastern expansion

The total workload for the module is 150 hours (see also "ECTS credit points and grading").

• Homework / Assignment or
• Written examination or
• Portfolio exam

The portfolio exam covers 100 points and consists of a one-hour written examination (K1) and a written paper (HA). The K1 and the HA are weighted by 50 points each.

Written paper: approx. 12-15 pages

Written examination: in accordance with the valid study regulations.

Written paper of the portfolio exam: approx. 8 pages

The requirements are specified in the respective lectures.

A good understanding of microeconomics and macroeconomics and the basic modules in business maangement. A prior exposure to the theoretical tools of international economics is equally helpful

Students have broad and integrated knowledge and comprehension of the present developments in the global economy. They know the reasons for these developments and the currently discussed proposals for further developing the world economy.

Students are able to reflect on the current developments in the global economy using the relevant theories and concepts. They are able to understand and discuss the current developments with regard to the historical perspective

Students are able to analyze the current developments in the global economy by using relevant data. They can hypothesize about possible development paths and are able to adopt a critical viewpoint.

Based on their knowledge and their assessment of the current developments in the global economy, students can deduce the consequences for certain decisions for an international enterprise or for governments.

Based on their knowledge and their assessment of the current developments in the global economy, students can deduce the consequences for certain decisions for the company from the multinational and national acting.

Students are able to present verbally or in writing the results of their analyses and thereby show the significance of the results

Students are able to take positions in discussions on the many controversial aspects of globalization. They learn to appreciate the different positions and perspectives. They learn to present their ideas in class.

Students learn to appreciate the dilemma many actors find themselves in. By reflecting on the rationale of different strategies, they deepen their own understanding of the challenges of globalization and develop more mature positions which help them to be part of the ongoing conversation on globalization.

The module requires a solid basic understanding of business administration and economics. Attending the modules of the specializations that address international issues (foreign trade, business and globalization) is helpful for a deeper understanding.

• Business Law, LL.B.

• International Business and Management, B.A.

• Business Management in the Health Sector, B.A.

• International Management, B.A.

• Business Administration and Management, B.A.

• Mayer, Peter

• Mayer, Peter