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Foreign Trade and Payments

Module name (EN): Foreign Trade and Payments
Degree programme: International Tourism-Management, Bachelor, ASPO 01.10.2017
Module code: BITM-520
SAP-Submodule-No.: P420-0504
Hours per semester week / Teaching method: 4V (4 hours per week)
ECTS credits: 5
Semester: 5
Mandatory course: yes
Language of instruction:
Written exam (90 minutes / can be repeated semesterly)

[updated 21.03.2018]
Applicability / Curricular relevance:
DFBTO-W-13 International Tourism Management, Bachelor, ASPO 01.10.2018, semester 5, optional course, course inactive since 09.11.2017
BITM-520 (P420-0504) International Tourism-Management, Bachelor, ASPO 01.10.2013, semester 5, mandatory course
BITM-520 (P420-0504) International Tourism-Management, Bachelor, ASPO 01.10.2015, semester 5, mandatory course
BITM-520 (P420-0504) International Tourism-Management, Bachelor, ASPO 01.10.2017, semester 5, mandatory course

Suitable for exchange students (learning agreement)
60 class hours (= 45 clock hours) over a 15-week period.
The total student study time is 150 hours (equivalent to 5 ECTS credits).
There are therefore 105 hours available for class preparation and follow-up work and exam preparation.
Recommended prerequisites (modules):
BITM-340 Microeconomics
BITM-350 Macroeconomics

[updated 27.05.2020]
Recommended as prerequisite for:
Module coordinator:
Prof. Dr. Leonhard Firlus
Lecturer: Prof. Dr. Leonhard Firlus

[updated 26.06.2017]
Learning outcomes:
After successfully completing this module, students will be able to explain the causes and effects of trade in
  a global environment and apply them to current examples.
- They will be able to explain the structure of a balance of payments and
  carry out transactions independently.
- Students will be able to explain how exchange rates are determined and their importance
  for international competitiveness.
- They will be able to show the possibilities and limits of an expansive demand policy
  at fixed and floating exchange rates.
- Students will be capable of naming the central institutions of the European Union
  and their tasks.

[updated 17.09.2018]
Module content:
1. The balance of payments
2. Exchange rates and the foreign exchange market
3. Aggregate demand in an open economy under fixed and floating exchange rates
4. Introduction to the European Union
5. Theory of international trade
6. Trade policy

[updated 21.03.2018]
Teaching methods/Media:
This module consists of a lecture and group work. Students are expected to prepare and present small group projects on selected foreign trade topics.

[updated 21.03.2018]
Recommended or required reading:
- Krugman, Paul / Obstfeld, Maurice: International Economics. Addison-Wesley,
  Reading Mass., latest edition.
- Maennig, Wolfgang: Auߟenwirtschaft, Vahlen Verlag, München,
  latest edition.
- Rose, Klaus und Karlhans Sauernheimer: Theorie der Auߟenwirtschaft, Vahlen
  Verlag, München, latest edition
- Salvatore, Dominick: International Economics. John Wiley & Sons Inc., New
  York, latest edition.

[updated 17.09.2018]
[Thu May 19 20:42:26 CEST 2022, CKEY=iac, BKEY=itm4, CID=BITM-520, LANGUAGE=en, DATE=19.05.2022]