At the end of the unit, students will:
- Understand key dynamics of internationalisation and globalisation drivers.
- Know key market players, forms, institutions and restrictions.
- Know different parameters analyzing markets.
- Get an overview of the historical development of trade and economic theories in the course of time.
- Gain insights in the development of a globalised world economy and its economic regions.
- Reflect on market dynamics, such as balance of payment and exchange rates.
- Get an understanding of market failues related to information assymetries and how to overcome these.
Students will reflect on:
- Different econcomic models and their assumptions.
- Positive and negative consequences of globalisation.
- Students apply knowledge in group exercises and group case studies.
- Students will train their presentation and reasoning skills in different settings and in English.
- Dozent/in: Christopher Paessler