Masterstudium Business Informatics - Fakultät für Informatik, TU Wien

• Ability to grasp the complexity of international economic problems
• Ability to understand, condense, summarize, and present economic scientic research
papers, especially in the eld of computational economics
Competences:
• Ability to deepen the own knowledge
• Enhancement of personal initiative and responsibility
• Developing scientic interest
• Ability to present scientic results
Syllabus:
• International trade theory and policy: Introduction to the basic questions and problems
of international trade theory; labor productivity and comparative advantage
(the Ricardian Model); specic factors and income distribution; resources and trade
(the Hechscher-Ohlin Model); the standard trade model; economies of scale,
imperfect competition, and international trade; international factor movements;
the instruments of trade policy; the political economy of trade policy; trade policy
in developing countries; controversies in trade policy
• Macroeconomic simulation models: A yearly changing set of advanced economic
papers focusing on an urgent policy problem, and using macroeconomic simulation,
is presented and discussed. Seminar reports have to be written by participants.
Expected Prerequisites:
The contents of the bachelor module WIW/GOE - Grundlagen der Ökonomie.
Teaching and Learning Methods and Adequate Assessment of Performance: The module
is organized along lectures, seminars with presentation of the results and discussions.
Courses of Module:
3.0/2.0 VO International Trade Theory and Policy 1
3.0/2.0 SE Macroeconomic Simulation Models
SBA/AEP - Advanced Economics - Project
ECTS-Credits: 6.0
Summary: This project is designed to allow students to apply all the knowledge they
acquired so far in achieving a comprehensive larger task. The project has to consist of a
part showing the ability to understand advanced economic theory, and of a part showing
the expertise to transform economic or political economy problems into useful simulation
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