Modulhandbuch (Module manual)

M.184.2436 International Economics: International Finance
(International Economics: International Finance)
Koordinator (coordinator): Prof. Dr. Stefan Jungblut
Ansprechpartner (contact): Prof. Dr. Stefan Jungblut (stefan.jungblut[at]
Credits: 5 ECTS
Workload: 150 Std (h)
Semesterturnus (semester cycle): SoSe
Studiensemester (study semester): 3-6
Dauer in Semestern (duration in semesters): 1
Lehrveranstaltungen (courses):
Nummer / Name
(number / title)
(contact time)
Status (P/WP)
(group size)
a) K.184.24361 / International Economics: International Finance - Lecture Vorlesung 30 Std (h) 60 Std (h) P 50 TN (PART)
b) K.184.24362 / International Economics: International Finance - Exercise Übung 15 Std (h) 45 Std (h) P 50 TN (PART)
Wahlmöglichkeiten innerhalb des Moduls (Options within the module):
Empfohlene Voraussetzungen (prerequisites):
Grundzüge der Volkswirtschaftslehre/Basic Principles in Economics​
Inhalte (short description):

The module covers theories of international finance and international macroeconomics. In the lecture, major theories of open economy macroeconomics are presented and applied. The topics covered give a sound understanding of international monetary policy, balance of payments adjustment and the determination and behavior of exchange rates. In addition, the lecture will enhance the student’s ability to actively participate in the discussion of current issues of international macroeconomics. Essential parts of International Trade Theory may be included whenever it is necessary for the full understanding of the core topics.

Lernergebnisse (learning outcomes):
Fachkompetenz Wissen (professional expertise):
  • know essential facts about the international financial landscape.
  • understand the impact of openness and globalization on economic welfare.
  • know important facts about major currencies and currency markets.
  • learn how to use macroeconomic models to explain exchange rates of their behavior over the short, medium and long run and the importance of expectations and arbitrage.
  • understand how openness and financial flows affect macroeconomic activity over the short and medium term.
  • Fachkompetenz Fertigkeit (practical professional and academic skills):
  • ​learn how to formally and graphically represent models of open economies and how to use the representations for economic analysis in various problem settings.
  • develop short- and long-run models of the exchange rate and use them to analyze the effect of changes in economic fundamentals and policy variables on key macroeconomic variables.

  • Personale Kompetenz / Sozial (individual competences / social skills):
  • organize themselves in groups and allocate research tasks on topics in open economy macroeconomics.
  • jointly discuss individual research results and present them in oral and written form.
  • gain intercultural competences and communicate in an international team.

  • Personale Kompetenz / Selbstständigkeit (individual competences / ability to perform autonomously):
  • ​apply known theories of the exchange rate to critically evaluate current developments of foreign exchange markets and the global economy.
  • discuss and evaluate past and current international economic developments.​
  • Prüfungsleistungen (examinations)
    Art der Modulprüfung (type of modul examination): Modulabschlussprüfung
    Art der Prüfung
    (type of examination)
    a) Besondere Form der Leistungserbringung. Details siehe Prüfungsumfang 1 Participation Assignment with guided questions ap. 5 pages 10.00 %
    b) Klausur 60 minutes 90.00 %
    Studienleistung / qualifizierte Teilnahme (module participation requirements)
    Voraussetzungen für die Teilnahme an Prüfungen (formal requirements for participating in examinations)
    Voraussetzungen für die Vergabe von Credits (formal requirements for granting credit points)
    Die Vergabe der Credits erfolgt, wenn die Modulnote mindestens „ausreichend“ ist
    Gewichtung für Gesamtnote (calculation of overall grade)
    Das Modul wird mit der doppelten Anzahl seiner Credits gewichtet (Faktor: 2)
    Verwendung des Moduls in den Studiengängen (The module can be selected in the following degree programmes)
    B.Sc. International Business Studies, B.Sc. Wirtschaftsinformatik, B.Sc. Wirtschaftswissenschaften
    Umfang QT (participation requirements):

    Lernmaterialien, Literaturangaben (learning material, literature):
    Teilnehmerbegrenzung (participant limit):
    Sonstige Hinweise (additional information):

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