European Master and Certification Program
in Risk Engineering and Management

F7-1:
Principles of Foreign Trade

Course code: 128030
Language of instruction: English
Lecturers: Prof. Dr. Dr. h.c. Dirk Linowski (Steinbeis University Berlin), Riccardo Vecchiato (Kingston Business School)
Assessment: Defined in the module

Short description

This course will present the specificities of cross-border economic activities. After providing attendees with the theoretical basis of international trade, it will present the evolution of the regulation and the current debates regarding trade agreements and international organizations. Macroeconomical aspects will be tackled as well as their practical consequences for companies engaged in foreign commitments.   

Objectives

The participants:

- will develop knowledge needed for understanding basic foreign trade principals,  

- will develop skills for understanding international trade standards and agreements,

- will develop skills for understanding international trade numbers, and

- will acquire methodologies for understanding the influence of international trade on business.

Target Attendees / Participants

Students of Steinbeis Master of Business Administration

Course Content by Units

Introduction to the theory of international economic relations:

- Current data on the importance of international trade

- Balance of Payments

- Realistic Foreign Trade / Foreign Trade Theory and Theoretical explanations of the trade pattern

International trade and efficiency effects

International trade and distribution effects

Foreign trade in practice:

- Reasons and forms of foreign commitments

- Realization and problems

 Implications for economic policies

Teaching Methods

Classic lecturing

Free and interactive class discussion

Literature

Deresky, H. (2013): International Management: Managing Across Borders and Cultures, Text and Casses, 8th Edition, Prentice Hall.

Dixit, A. K. / Norman V. (2002 - Repr.): Theory of International Trade: a dual general equilibrium approach, 1thedition, Cambridge University Press.

Krugman, P. R. / Obstfeld, M. (2006): International Economics: Theory and Policy, 6th edition, Boston / Mass, Pearson Addison-Wesley.

Mead, R. (2009): International Management, 4th Edition, Willey-Blackwell.

Siebert, H. / Lorz, O. (2006): Außenwirtschaft, 8. völlig neu bearbeitete Auflage, Lucius&Lucius.


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(Course profile ID: F7-1:, generated on December 11, 2018)