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Foreign Trade and Payments

Module name (EN):
Name of module in study programme. It should be precise and clear.
Foreign Trade and Payments
Degree programme:
Study Programme with validity of corresponding study regulations containing this module.
International Tourism-Management, Bachelor, ASPO 01.10.2017
Module code: BITM-520
The exam administration creates a SAP-Submodule-No for every exam type in every module. The SAP-Submodule-No is equal for the same module in different study programs.
Hours per semester week / Teaching method:
The count of hours per week is a combination of lecture (V for German Vorlesung), exercise (U for Übung), practice (P) oder project (PA). For example a course of the form 2V+2U has 2 hours of lecture and 2 hours of exercise per week.
4V (4 hours per week)
ECTS credits:
European Credit Transfer System. Points for successful completion of a course. Each ECTS point represents a workload of 30 hours.
Semester: 5
Mandatory course: yes
Language of instruction:
Written exam (90 minutes / can be repeated semesterly)

[updated 21.03.2018]
Applicability / Curricular relevance:
All study programs (with year of the version of study regulations) containing the course.

DFBTO-W-13 (P620-0537) 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)
Workload of student for successfully completing the course. Each ECTS credit represents 30 working hours. These are the combined effort of face-to-face time, post-processing the subject of the lecture, exercises and preparation for the exam.

The total workload is distributed on the semester (01.04.-30.09. during the summer term, 01.10.-31.03. during the winter term).
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]
[Wed Jul 24 08:17:53 CEST 2024, CKEY=iac, BKEY=itm4, CID=BITM-520, LANGUAGE=en, DATE=24.07.2024]