Course: International Economics credits: 2

Course code
TBVH2IEC
Name
International Economics
Study year
2022-2023
ECTS credits
2
Language
English
Coordinator
M.W. Visscher
Modes of delivery
  • Education
Assessments
  • International Economics - Computer, organised by STAD examinations

Learning outcomes

  • Students can explain and apply the law of supply and demand and how this law – via the price mechanism – ensures an equilibrium between supply and demand and results in the highest overall prosperity.
  • Students can explain and apply the various factors affecting a country’s GDP.
  • Students can explain and apply various government interventions and how they affect the free market optimum between supply and demand and ultimately a country’s GDP.
  • Students can explain and apply the business cycle; how it affects governments and companies; and how governments and companies could react.
  • Students can explain and apply how inflation, interest rates and exchange rates affect the economy in general and companies in particular, as well as how companies can react to developments in inflation interest rates and exchange rates.
  • Students can explain and apply international trade; the factors affecting international trade; the pros cons and how governments and companies could limit the negative consequences.
 
 

Content

Students will be able to follow and analyse economical developments independently and gain an insight into the way in which the business environment influences the company return.
 

Included in programme(s)

School(s)

  • Institute of Engineering
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