nl en

Trade and Finance in the Global Economy


Admission requirements



Globalisation is a process in which economic activities increasingly go beyond national borders and increase the interdependencies of businesses and people across the world. These developments challenge the possibilities with which countries and international economic organisations can exercise an independent economic policy. In this course, we will discuss the different roots and the benefits of international trade and of free flow of finance. We will include the challenges of globalisation to less developed countries and the risks of financial crises. At the end of this course students will have an understanding of the basic principles of trade and finance and of the motivation of business to engage in international activities. Students will be able to present simple economic arguments on these international economic issues.

Course objectives

Objectives of the course
The course is part of the Minor Economics. In this course, the student will attain knowledge and an understanding on the issues in the field of International Economics. The student will be trained to independently analyse these issues.

Achievement levels
The following achievement levels apply with regard to the course:
1. You will be able to define and explain important (current) issues in the field of International Economics.
2. You will be able to define the constituent elements of international economic institutions – the World Trade Organisation and the International Monetary Fund – and explain their functions in the international economic relations between member states;
3. You will be able to write concise briefs on indicated topics from the material using material from the course and material that you collect from the websites of the WTO and the IMF.

Mode of instruction


  • Number of (2 hour) lectures: 6

  • Name(s) of lecturer(s): Dhr Dr. J.F. de Kort

  • Required preparation by students: reading the prescribed material


  • Number of (2 hour) seminars: 5 or 6

  • Name(s) of lecturer(s): Dhr Dr. J.F. de Kort

  • Required preparation by students: preparing the assignments that are indicated in the course syllabus that will be available on blackboard. During the course, each student has to write one or two additional, assignments on one of the topics that is discussed in the seminars. Students are expected to actively engage in discussions with regard to the assignments.

Other methods of instruction

Assessment method

Examination form(s)

  • Written exam (90%)

  • Written assignment during the course (10%)

The written assignment applies both to the final exam and the resit (for 10%) within the current academic year

Regulation retake passed exams
In this course it is possible to retake an exam that has been passed (cf. art. and further of the Course and Examination Regulations), on the condition that this course is included in the compulsory components of the degree programme. Students who have passed the exam may retake the final written assessment (test) of the course. Please contact the Student Administration Office (OIC) for more information.

Submission procedures
To be announced

Areas to be tested within the exam
The examination syllabus consists of the required reading (literature) for the course, the course information guide and the subjects taught in the lectures, the seminars and all other instructions which are part of the course.


More information on this course is offered in Blackboard.

Reading list

Obligatory course materials

  • Kenneth A. Reinert, An Introduction to International Economics, Cambridge University Press, 2012

Course information guide:

  • Contains study information, reading material, a reader’s guide, and the organization of the course. See Blackboard.


  • Trade and Finance in the Global Economy (app. 150 pp.), available through Blackboard

Recommended course materials

Contact information

  • Co-ordinator: dr. J. de Kort

  • Work address: Kamerlingh Onnes Gebouw, Steenschuur 25, 2311 ES Leiden, kamer A 2.63

  • Contact information: through the secretariat of the Economics unit.

  • Telephone number: 071 – 527 7831

  • Email:


  • Institute: Tax Law and Economics

  • Department: Economics

  • Room number secretary: B2.07

  • Opening hours: Monday to Friday 9.00 – 12.00

  • Telephone number secretary: +31 (0)71 527 7756

  • Email:


Exchange students have priority and will be registered for the course first. Any remaining seats will be available for students from Leiden University and other Dutch Universities.


Belangstellenden die deze cursus in het kader van contractonderwijs willen volgen (met tentamen), kunnen meer informatie vinden over kosten, inschrijving, voorwaarden, etc. op de website van Juridisch PAO. Let op dat er wel voldaan moet worden aan de toegangseisen.