Macroeconomics and Trade

About the course

Subjects

Globalisation Internationalisation

Course content

This course offers an introduction to macroeconomic analysis and international trade. This includes the theory of output, employment and inflation determination in open economies; the role of fiscal, monetary and trade policy; and the economic impact of international economic relations. The course has a global focus, as it relates macroeconomic analysis to issues relevant to interconnected economies trading financial assets as well as intermediate and final goods.

The lectures on the structure and dynamics of international trade models will provide the backbone for class discussions on the trade flows of goods and on how economic and political changes alter these flows.

See course description in course catalogue

What you will learn

To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:

Present the core theoretical frameworks in macroeconomics and explain how output, the interest rate, and inflation are determined in the short and medium-run, both in closed and open economies.
Describe the conduct of fiscal, monetary and trade policies. Explain how fiscal and monetary policies are impacted by openness to trade and financial flows.
Identify the core theories and models of international trade and apply them to study global trade flows.
Analyze how macroeconomics and international trade drivers influence shipping markets from a shipping operator's perspective.

Facts

Level

Bachelor

Type

Mandatory course

ECTS

7.5

Code

BISHO3004U

Teaching periods

Autumn – 2nd quarter

Autumn – semester

Academic year

2025/2026

Status

Available places

Teaching language

English

Teaching Format

Hybrid

Exams

Written exam on campus
Individual exam, winter

Assessment type

7 point grading scale