International Economics and Business
In the second year, 'sets' of courses are created in each block. Each set focuses on a specific topic (e.g. finance, international economic development, and institutional diversity) and consists of an international economics course, an international business course and an integrative project course. The integrated project courses are essentially modular courses during which examples, cases, and assignments are used to show the differences, overlap, and synergies between international economics and international business with regard to the topic at hand.
International Economics deals with the basic principles of international economics. You will come to understand international trade, capital flows, exchange rate fluctuations and trade policies. During the Corporate Finance course you develop skills and acquire knowledge concerning investments, risk management and project financing. International managers are confronted with dilemmas related to the seemingly conflicting demands caused by differences in cultural values around the globe. The course Cross Cultural Management and Communication demonstrates that the challenge in international management is to use the power of cultural diversity to find better solutions for these dilemmas than can be found by using a single-culture perspective. During the course Economic Methodology you learn about economic research methods from a philosophical and historic perspective.
The course Economic Development deals with the determinants and spatial patterns of economic development and the relationship between development, poverty and inequality. The credit crisis and the European sovereign debt crisis are recent illustrations of the close connections between international financial markets, governments, central banks and international financial institutions such as the International Monetary Fund and the World Bank. International Financial Policy addresses theoretical and empirical developments in the context of the evolution of the post-World War II international monetary system. Econometrics and Integration: Multinationals and Finance provides insights into multinational financial management. During Comparative Economic and Business Systems you examine how the international and institutional contexts result in distinct business systems and how they affect the organisation and strategies of firms, the operation of markets and economic outcomes. The course Econometrics and Integration: Multinationals and Economic Development provides insights into the role that multinational firms and organisations play in the economic development of countries and regions.