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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 the main benefits and costs of international trade and production. 2. You will be able to identify the various systems of exchange rates and analyse the interaction between these systems of exchange rates and economic policies.
3. 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;
4. 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 assignments (two) apply 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

Required course materials

  • to be announced

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, 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 secretariat: B2.07

  • Opening hours: Monday to Friday 9.00 – 12.00

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

  • Email:


Students have to register for courses and exams through uSis
A block of seats will be reserved for exchange students and will be registered through the international office.