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International Economics




Admissions requirements

Passing grade on Principles of Economics


Countries are ever more economically interdependent. Products and services come from everywhere and go everywhere. This, as well as the liberalization 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 globalization. Students will be able to understand, apply and discuss fundamental economic arguments on international economic issues.

Course objectives

In this course, the student will gain a thorough acquaintance with the principles of international economics. He will understand the benefits and costs of international trade and finance, as well as the recent developments in trade and finance.

At the end of this course, the student:

  • Can reproduce the main principles of international economics and can distinguish different motivations for free trade and for trade policies;

  • Can explain different systems of exchange rates and the importance of these differences for the policy discretion in economic policies;

  • Is able to collect, interpret and process information in the field of International Economics;

  • Can write short briefs on selected issues of importance in the field of international economics.


Once available, timetables will be published in the e-Prospectus.

Mode of instruction

Each week consists of two seminars. During the first seminar, the main issues in the required reading will be identified and discussed. Based on an interactive setting, the focus will be on understanding the concepts and theories in international economics. In the second seminar, students will apply their knowledge. Each week the homework consists of preparing study problems. In class the students will discuss the solutions for the problems. Applying the concepts and theories, and explaining this to each other increases the knowledge and understanding of economics.


Final written exam (30%), week 8
Written class assignments (45% in total), weekly
Class participation (10%), ongoing
Term paper (15%), week 8


There will be a Blackboard site available for this course. Students will be enrolled at least one week before the start of classes.

Reading list



This course is open to LUC students and LUC exchange students. Registration is coordinated by the Education Coordinator. Interested non-LUC students should contact


Dr. Joop de Kort (