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International Economics: Trade, Money and Power in the Global Economy (2026/2027: Semester 1 – Fall)
Cursusdoel
After completing this course students are able to:
- Apply and critically interpret analytical models from open-economy macroeconomics, international trade theory, and development economics to explain patterns in cross-border trade, capital, and aid flows
- Analyze economic adjustment mechanisms and structural constraints associated with exchange rate regimes, capital mobility, trade integration, and development finance in advanced and emerging economies
- Evaluate alternative international economic policy strategies, assessing their implications for macroeconomic stability, policy autonomy, and long-term development outcomes
- Construct and defend a coherent, evidence-based argument on a contemporary international economic policy issue, integrating theoretical models and empirical evidence
| Description of assignment | Which learning goals does this assess? |
| Research Proposal Final Research Paper Oral Defense Summative Exam. |
1,2,4 1,2,3,4 3,4 1,2,3 |
Vakinhoudelijk
Why can’t countries have it all — deep integration into the global economy, stable conditions for sustained growth, and full control over their own economic development?
International economic policy is shaped by fundamental trade-offs at the heart of globalization. The more deeply economies integrate into global systems of trade, finance, production, and redistribution, the more they confront constraints on domestic policymaking. This course places these tensions at the center of analysis. Building on the international trilemma — often described as the “impossible trinity” in economics — it extends the framework beyond its traditional monetary focus to examine how major cross-border flows (trade, investments, aid and remittances) generate strategic choices and structural constraints.
The course integrates formal economic reasoning with empirical and policy analysis to examine the principal channels of international economic integration. In particular, it shines the light on the economic mechanisms through which global trade flows influence macroeconomic stability, policy autonomy, and long-term development outcomes.
Drawing on core analytical frameworks from open-economy macroeconomics, international trade theory, and development economics, students develop the analytical tools to understand how international monetary, trade, and development finance systems function in practice. Emphasis is placed on the mechanisms underlying international macroeconomic adjustment — including how countries respond to trade imbalances, capital flow volatility, exchange rate pressures, and crises — and on how structural differences across economies shape policy options and developmental trajectories.
Key topics include international trade theory and trade policy, multinational production and foreign direct investment, international capital markets and exchange rate determination, financial crises and the evolution of the international monetary system, development finance and aid effectiveness, and international labor mobility and remittances. Drawing on structuralist and political economy perspectives alongside mainstream economic approaches, students critically evaluate policy strategies for managing cross-border flows, with particular attention to their distributional, developmental, and macroeconomic consequences in an unequal global economy.
International economic policy is shaped by fundamental trade-offs at the heart of globalization. The more deeply economies integrate into global systems of trade, finance, production, and redistribution, the more they confront constraints on domestic policymaking. This course places these tensions at the center of analysis. Building on the international trilemma — often described as the “impossible trinity” in economics — it extends the framework beyond its traditional monetary focus to examine how major cross-border flows (trade, investments, aid and remittances) generate strategic choices and structural constraints.
The course integrates formal economic reasoning with empirical and policy analysis to examine the principal channels of international economic integration. In particular, it shines the light on the economic mechanisms through which global trade flows influence macroeconomic stability, policy autonomy, and long-term development outcomes.
Drawing on core analytical frameworks from open-economy macroeconomics, international trade theory, and development economics, students develop the analytical tools to understand how international monetary, trade, and development finance systems function in practice. Emphasis is placed on the mechanisms underlying international macroeconomic adjustment — including how countries respond to trade imbalances, capital flow volatility, exchange rate pressures, and crises — and on how structural differences across economies shape policy options and developmental trajectories.
Key topics include international trade theory and trade policy, multinational production and foreign direct investment, international capital markets and exchange rate determination, financial crises and the evolution of the international monetary system, development finance and aid effectiveness, and international labor mobility and remittances. Drawing on structuralist and political economy perspectives alongside mainstream economic approaches, students critically evaluate policy strategies for managing cross-border flows, with particular attention to their distributional, developmental, and macroeconomic consequences in an unequal global economy.
Format
The course combines teacher-led lectures and student-led seminars to develop advanced analytical skills in international economics. Lectures introduce core theoretical frameworks and apply structured economic reasoning to empirical and policy-relevant cases. Seminars foster critical discussion and guide the staged development of a required research paper in preparation for a final oral defense. The course concludes with an exam that assesses students’ ability to synthesize theoretical frameworks, empirical insights, and policy debates from across the semester.
The course combines teacher-led lectures and student-led seminars to develop advanced analytical skills in international economics. Lectures introduce core theoretical frameworks and apply structured economic reasoning to empirical and policy-relevant cases. Seminars foster critical discussion and guide the staged development of a required research paper in preparation for a final oral defense. The course concludes with an exam that assesses students’ ability to synthesize theoretical frameworks, empirical insights, and policy debates from across the semester.
Werkvormen
UCU course
Toetsing
Summative exam
Verplicht | Weging 35% | ECTS 2,63
Research Proposal
Verplicht | Weging 15% | ECTS 1,13
Oral Defense
Verplicht | Weging 25% | ECTS 1,88
Final Research Paper
Verplicht | Weging 25% | ECTS 1,88
*midterm FEEDBACK*
Niet verplicht
Ingangseisen en voorkennis
Ingangseisen
Er moet voldaan zijn aan de cursus:
En er moet voldaan zijn aan minimaal één van de cursussen:
- [UCSSCECO21] Macroeconomics
- [UCSSCECO22] Microeconomics, behavioral economics and game theory
- [UCSSCECO23] Economics of the Public Sector
Voorkennis
Course admittance may be granted for those who have completed POL25, POL38, or GEO22, if high school level secondary Math has been obtained.
Voertalen
- Engels
Cursusmomenten
Gerelateerde studies
Tentamens
Er is geen tentamenrooster beschikbaar voor deze cursus
Verplicht materiaal
-
BOEKVan den Berg, H. (2017). International economics: A heterodox approach (3rd ed.). Routledge. ISBN 9781138945043. Freely available as an e-book in the UU Library Collection
-
DIVERSEJournal articles and research papers. Electronic copies freely available via UU Library Collection.
Aanbevolen materiaal
Er is geen informatie over de aanbevolen literatuur bekend
Opmerkingen
Alternates with UCHUMHIS36
Coördinator
| dr. C.G. Ramos | c.g.ramos@uu.nl |
Docenten
| dr. C.G. Ramos | c.g.ramos@uu.nl |
Inschrijving
Let op: deze cursus is niet toegankelijk voor studenten van andere faculteiten, bijvakkers mogen zich dus niet inschrijven.
Naar OSIRIS-inschrijvingen
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