Countries are increasingly eliminating their trade barriers and international trade now truly spans the globe. Products and services come from everywhere and go everywhere. This, as well as the liberalisation of large financial flows, makes countries very dependent on what happens in the international economy. At the end of this course, students will have an understanding of both the basic principles of international trade and finance as well as the recent developments in trade and finance. These will include, among other things, regional and global integration, the consequences of international financial crises on the development of economies, the interaction of economic policies in individual countries and the impact of international institutions, such as the WTO and the IMF, on the processes of globalisation. Students will be able to present simple economic arguments on international economic issues.
The course is aimed at complementing European and International Law courses. These courses focus on the legal aspects of international relations. Developments in the legal field, however, are closely related to the economic developments.
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.
The following achievement levels apply with regard to the course:
understands the important current issues in the field of International Economics
has a command of the core elements in this field of expertise;
is able to collect, interpret and process information in the field of International Economics.
Mode of instruction
Number of (2 hour) classes: 6
Other methods of instruction
Number of (2 hour) instructions: 5
Names of instructors: Dr. J. de Kort
Required preparation by students: Required preparation by students: reading material, assignments. Students are expected to actively engage in discussions with regard to the assignments.
Progression to the written exam is available only for students who have scored a sufficient grade of 5.5 or more on the written assignments and the presentations. The submission process for the assignments is described in the reader.
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.
Obligatory course materials
Dominick Salvatore, Introduction to International Economics, Wiley, 2005.
Course information guide:
Contains study information, reading material, a reader’s guide, and the organisation of the course. See Blackboard.
Trade and Finance in the Global Economy (app. 150 pp.), available from “Onderwijsmaterialen”, KOG, room A.045
Recommended course materials
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
Institute: Tax Law and Economics
Room number secretary: B207
Opening hours: Monday to Friday 9.00 – 12.00
Telephone number secretary: +31 (0)71 527 7756