Students will gain an insight into, and knowledge of, relevant theories that deal with the trade of goods and services, as well as the movement of money and labour between different countries. They will be given an introduction to how the international competitive position of individual countries and certain business sectors are influenced by internal and external economic developments. Students will also develop the ability to assess changes in businesses that are exposed to competition.

The following topics are covered: The significance of international trade, theories on international trade, foreign trade policy, exchange rates and the foreign exchange market, European economic integration.

Lectures and group work.

4-hour individual, written exam.