F7-1:
Principles of Foreign Trade

Short description

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, 8^th 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, 4^th Edition, Willey-Blackwell.

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