Prof. Dr. Peter Schmidt

International Economics (BW 4)
(Unit 2 of the module "Dimensions of International Business")

Economics & Statistics

Summer term 2009

Current issues: Please follow the current discussions, e.g. the Sondermemorandum and the annual report of the German Council of Economic Advisers (links on my start page)

Basic Material / Links:

  •  Link to the web site of: Greg. Mankiw "Principles of Economics":
  •  Link to the web site of: Thomas PUGEL: International Economics, 14/e
  • You find further information in the AULIS system: Repository > Category Faculty 1: Business Sciences (School of Int. Business - SIB) > Category Business Studies (BW BA) > Group Jahrgang 2007 > Folder International Economics. Please REGISTER to this group as we are going to use it during the class.     Here you also find the material for your teamwork / presentations.
  • Assessment: written exam (60 min) after classes (after June 26th)
  • Regular class hours are on Monday 8.00-11.30 (group A, room D 207 - ONLY in week 1 class for group A is on Thursday 12 March B 105) and Monday 1.00 pm - 5.15 pm (group B, room D 129) (Please also see the make-up dates below)

No Date Unit / contents Remarks / Exercises
1 Mo, 9 Mar (B)
Thur, 12 Mar (A)

Section I: Introduction

- 10 Principles of Economics (Mankiw)
- Basic Concepts of Economics
- Theory and Economic Systems

Teams & tasks - see table below !

- Welcome presentation (autorun)
- Introduction.ppt
- Basic Concepts


(no class, but please prepare your homework and presentations !)

5 13/04/2009
(EASTER Monday - no class)  
6 20/04/2009

- Theory and Economic Systems
- Goals in Economics and Economic Policy

Introduction to International Economics -
chapter 1: International Economics is Different
(perhaps start of chapter 2)

- Hierarchy of goals
- "Wall Street" @ Wikipedia

Links to the website of the book "International Economics" by T. Pugel
- Table of Contents
- Introduction (chapter 1)

7 27/04/2009 PART ONE - The Theory of International Trade
2 The Basic Theory Using Demand and Supply
  make-up dates:

Group A:     (see dates below)
Tuesday, 26 May 8.00 - 11.15 in D 207
Tuesday, 2 June 8.00 - 11.15 in D 207

Group B:     (see dates below)
Tuesday, 16 June 8.00 - 11.15 in D 207
Tuesday, 23 June8.00 - 11.15 in D 207
8 18/05/2009 3 Why Everybody Trades: Comparative Advantage
9 25/05/2009 4 Trade: Factor Availability and Factor Proportions are Key
A: Tue 26 May
B: 08/06/2009
5 Who Gains and Who Loses from Trade?  
(Pentecost / Whitsun - no class)  
11 A: Tue 2 June
B: 15/06/2009
PART TWO - Trade Policy
8 Analysis of a Tariff
12 A: 8/06/2009
B: Tue 16 June
9 Nontariff Barriers to Imports  
13 A: 15/06/2009

12 Trade Blocs and Trade Blocks

PART THREE - Understanding Foreign Exchange
21 International Lending and Financial Crises

You find information on the EU on the webpage of the ECB - learning material and videos. We are also going to discuss Trade Blocks in general.

Joseph E. Stiglitz: "Globalization and Its Discontents"
- Article of Stiglitz @american.prospect
- Homepage Stiglitz
- Joseph Stiglitz and Kenneth Rogoff discuss: Globalization and Its Discontents (World-Bank Video 63 Min.)
- German Bundestag: "Globalization of the World Economy - Challenges and Responses" Final Report (pdf.)

14 A: 22/06/2009
B: Tue 23 June
Review session:
Repetition and YOUR questions
Table of Contents in review + Word file with relevant chapters and exercises.
(up to 2 weeks after end of classes)
Written exam (60 min. Schmidt)

Teams and Tasks :
If not indicated differently, the numbers refer to the "Questions and Problems" at the end of the chapters of the Purge book.
- Unfortunately the group-presentation had to be cancelled. You are still heartily invited to read the texts as they show the real-world applications of International Economics (often in the evaluation questionnaires the lack of applications is listed, so here it is - take your chance).
- The following tasks (from Mankiw and Pugel) are examples of possible exam-questions. ALL of you should prepare ALL questions. One group is asked to present the tasks in class, but the others should be prepared (or have concrete questions) as they might have to solve something similar in the exam.
All students

Group A:

Akar, Faruk
Alginkilinc, Yahya
Apostolov, Kalin
Asik, Aret
Atakli, Murat
Batozynski, Dominik
Borchers, Benjamin
Broßeit, Benjamin
Bruns, Marina
Bütepage, Michael

Bensol, Arzu
Bödecker, Cora

Cayo, Akadjé
Chu, Minh Ngoc
Cichon, Sylvia
Derviskadic, Minja
Dojan, Eugenia
Dumlupinar, Nadir
Entelmann, Jana
Erkenekli, Niyazi
Eyssel, Raphael

Heckert, Dennis

Fortanz, Marc
Freese, Sandra
Gertje, Anton
Grzyb, Agnieszka
Heisterkamp, Melanie
Höbelt, Johannes
Iwaniuk, Sabrina
Jankowski, Arndt
Jiang, Yuan
Kan, Osman-Cengiz

Sait, Ayse

Kaplan, Tülay
Klug, Kerstin
Kranz, Darius
Kurt, Ertan
Lenger, Josef
Meier, Kristin
Mittenzwei, Dominik
Noghabaie, Emad
Nong, Truong Giang

Klattenhoff, Kathy

Ohm, Anneka
Ramke, Arnd
Rudolph, Philipp
Schäfer, Katrin
Schröder, Jonas
Schröder, Maike
Seeländer, Thomas
Sen, Sinem
Sentürk, Cemil

Gallardo, Romina

Stenner, Ralph
von Handrup, Christoph
Weiss, Anita
Wilkens, Stefanie
Wirtz, Nico
Wojciechowski, Cihan
Yalak, Harbil
Yilmaz, Mustafa
Zafar, Armin

Zitzer. Lena


Group B:

Aydin, Ümit
Bilgin, Amed
Böhm, Rieke
Brundirs, Philipp
Fank, Timo
Fernandez Castro, Ana
Truschkin, Alexander

Fimmen, Freeden
Foelske, Sebastian
Gabke, André
Gerhold, Mareike
Grothe, Odette
Humann, Paul
Joost, Sascha
Kapsalis, Joana

Klatte, Götz
Knobloch, Janine
Kuroszynski, Jascha
Malitz, Karl
Mühlmann, Jessica
Muth, Carsten
Ong, Daniel Gwan Tie
Hoppe, Stefan

Panning, Janina
Rehberger, Hanna Lena Kristin
Rezaie, Mahbod
Rohwer-Kahlmann, Marten
Ruge, Yvonne
Schick, Daniel
Schirmer, Eike-Christian
Hübner, Tim

Schliephake, Stephan
Sek, Anna
Syper, Natalia Maria
Tabeling, Christina
Tchuenkam Nkenmegni, Lea Carole
Urban, Irina
Urban, Maria
zur Jacobsmühlen, Stephanie

Voigt, Petra
Vu, Yen Ngoc
Weinrich, Klaus
Witmann, Elena
Zander, Dominik
Zarling, Mareike
Zimmer, Nicole
Dickmann, Silvia

1 Mo, 9 Mar (B)
Thur, 12 Mar (A)
Mankiws "Principles" in class:
"7 pictures of the world economy" (from chapter 1 of "The World Economy" by Horst Siebert)
( no class )
5 13/04/2009
(EASTERmonday - no class)
and your presentations
6 20/04/2009
1. Mankiw: "Problems and Applications"


Group B: Questions for Review 1, 8 and 9

Group A: presentation of "7 pictures of the world economy"

7 27/04/2009
2. Mankiw: "Problems and Applications" - please use different articles, preferably concerning international Economics
rescheduled to next week !!!
other tasks cancelled
- due to lack of participation!
Mankiw: "Problems and Applications"
Mankiw: "Problems and Applications"
Mankiw: "Problems and Applications"
Mankiw: "Problems and Applications"
Mankiw: "Problems and Applications"
8 18/05/2009      
9 25/05/2009  (Pugel) chapter 2:
2, 4, 6


A: Tue 26 May
B: 08/06/2009
 chapter 3:
 (Whitsun - no class)
11 A: Tue 2 June
B: 15/06/2009
for group A: we are going to discuss the tasks of chapter 4 in class
12 A: 8/06/2009
B: Tue 16 June
 for group A: we are going to discuss the tasks of chapter 4 in class (esp. No 7)
13 A: 15/06/2009
 for group A: we are going to discuss the tasks of chapter 5 in class (esp. No 7)
14 A: 22/06/2009
B: Tue 23 June


Links - just to look around and enjoy ;-):

International and Global Economics:

Data Sources:

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Bremen University of Applied Sciences
School of Internationa Business
Economics & Statistics