Status of the Course: BSc (Econ), Economics program, elective course
Level of the course: Intermediate
Prerequisites: Principles of Economics 31A00210/Taloustieteen perusteet 31A00110
Workload:
- Lecture attendance 28 h
- Preparing for lectures and exam 128 h
- Exam 4h
Responsible teacher: Professor, PhD Pertti Haaparanta and professor Fidelis Landy, University of Helsinki
Learning Outcomes:
1. Understanding of international competitiveness in the modern world
2. Understanding of the fundamentals of competitiveness through the classical theories of international trade
3. Understanding of the basic determinants of international capital flows and multinational corporations
4. Familiarity with international trade policy
Content: In this course we study the international good and services markets in their interaction with decisions made both by firms acting in those markets and by consumers. The major aim is to understand the birth and expansion of multinational activities. Another basic purpose is to understand the concept of international competitiveness, its origins and measurement. In this context also issues related to exchange rates are discussed. This includes the treatment of basic parities, purchasing power parity and interest rate parity. Trade policies are also discussed extensively.