External Economic Relations of the EU

Lehrinhalte

• Role and status of the EU in the global economy • Global and regional competitive relations • EU trade policy towards old and new trade blocs as well as new fields of trade policy • Regional and global supply chains and their developments as well as resulting changes in working conditions • Positioning of the EU in the system of global financial and capital markets, dealing with risks from global capital movements

Art der Vermittlung

face to face

Art der Veranstaltung

compulsory

Empfohlene Fachliteratur

Krugman, Paul R./Obstfeld, Maurice/Melitz, Marc J. (2019): Internationale Wirtschaft. Theorie und Politik der Außenwirtschaft, neueste Auflage; derzeit 11. Auflage, München: Pearson. De Grauwe, Paul (2018): The Economics of Monetary Union, neueste Auflage, derzeit 12. Auflage, Oxford: University Press. Zeitschriftenartikel und Blog-Einträge relevanter Forschungs- bzw. EU-(Beratungs-)Institutionen zu aktuellen Themen und Konflikten der Außenwirtschaftspolitik. Current literature will be announced by the lecturer at the beginning of the semester.

Lern- und Lehrmethode

Impulse talks followed by group discussions, problem-based learning, flipped classroom, simulation game: simulation of an EU summit on trade policy (e.g. on the carbon border adjustment tax or on EU incentives for re-shoring/near-shoring of supplier companies in the context of value chains): Within the framework of a simulated EU summit on current EU trade conflicts, each student takes on the role of an EU country whose position they will represent at the summit. The topic of the summit (e.g. introduction of a carbon border adjustment tax) is firstly prepared by discussing the different scientific evaluations. Secondly, the students should familiarise themselves with the respective economic policy position of their country on the issue by analysing the economic situation, economic policy effects of the proposal discussed at the summit and political interests. Thirdly, they are to present their country's resulting position at the summit. The simulation game is also followed up with regard to content aspects, strategic positioning, but also with regard to group dynamics in the course of discussing the individual positions of the member countries. The examination of the topic from a scientific point of view as well as from an economic policy point of view by confronting the different positions of the countries will then also be included in the final written statement.

Prüfungsmethode

Independent preparation and participation as a state representative of an EU country in a simulated EU summit on current EU trade policy measures or trade conflicts, for which the written elaboration of the country's position and the presentation and defense of this position at the summit count towards the grade (30%) and a paper (written elabo-ration of a detailed position paper) (70%).

Voraussetzungen laut Lehrplan

None

Schnellinfos

Studiengang

Europäische Wirtschaftspolitik

Akademischer Grad

International Programme

ECTS Credits

5.00

Unterrichtssprache

Englisch

Studienplan

Vollzeit

Studienjahr, in dem die Lerneinheit angeboten wird

WS2026

Semester in dem die Lehrveranstaltung angeboten wird

3 WS

Incoming

Nein

Lernergebnisse der Lehrveranstaltung

After successful completion of the module, students can: • name and describe the institutions and functional principles of the EU and EMU that are important for foreign trade decisions, as well as the theoretical foundations of international economic relations, both in terms of their explanatory content and their limits • assign the influence of global capital movements on the financial and capital markets of the EU to theoretical considerations, question these foundations on the basis of empirical studies and derive risks • analyse international developments with regard to the repercussions on the EU as well as on the EMU, • assess economic policy consequences and evaluate current processes and developments, • critically assess changing production based on the division of labour in global and regional supply chains, new trade agreements and protectionist efforts in terms of their economic policy impact on individual EU member states and derive risks for individual member states as well as for the trade of the EU as a whole, • identify and assess the conflicts within the EU and EMU arising from current global challenges due to the different national interests regarding trade and capital flows.

Kennzahl der Lehrveranstaltung

0899-23-01-VZ-DE-21