European Master and Certification Program
in Risk Engineering and Management

International Markets

Course code: 181775
Language of instruction: English
Lecturers: under appointment (ytbc)
Assessment: Defined in the module

Short description

The course highlights the main topics of trade in competitive market. Starting from the “classical” theories and models, attendees will also be introduced to “alternative” trade theories and their empirical background. Special attention is devoted to explaining the scope of the WTO and its impact on international trade. Beside those historical and economical aspects, the course will also cover regulations aspects, from the global to the regional level (e.g. specificities of the EU's internal market). This will allow attendees to have a critical understanding of practical and theoretical aspects, issues and challenges of international and regional markets.


At the end of the course, students are expected to:

-          Understand theoretical macroeconomic basic theories and issues

-          Be able to interpret current events, both through classic and alternative trade theories

-          Have knowledge about the history of international economic organization, such as WTO, APEC, NAFTA, EU

-          Understand their basic principles, regulations and current issues

-          Be able to understand and take sound decisions in an international trade context

Target Attendees / Participants

This module is targeted to current master of engineering students who will be involved in commercial, financial, planning, legal and other professionals aiming to increase their knowledge of international business development.

Course Content by Units

This course will cover the folowing topics:

-Theoretical framework for policy analysis

-Defintion and impacts of an imperfectly competitive market

-Trade models

-Empirical methods and findings

-Impact of international trade agreements and regulation



Teaching Methods

This course includes:

-          Introductory note explaining aim and structure of the course

-          Ex cathedra lecturing illustrated by number of examples

-          Brainstorming sessions and practical work

-          Preparation for exam by repetition of all course units and main issues


-Andrew Inkpen, Kannan Ramaswamy (2005). Global Strategy: Creating and Sustaining Advantage across Borders (Strategic Management), Oxford University Press 

-Christian Joerges, Ernst-Ulrich Petersmann (2006). Constitutionalism, Multilevel Trade Governance and Social Regulation (Studies in International Trade Law), Hart Publishing

-Domenico Gatti et al. (2008). Emergent Macroeconomics: An Agent-Based Approach to Business Fluctuations (New Economic Windows), Springer

-Meine Pieter van Dijk, Jacques Trienekens (2012). Global Value Chains: Linking Local Producers from Developing Countries to International Markets (Amsterdam University Press - EADI)

-Tilo Böhmann et al. (2011). Implementing International Services: A Tailorable Method for Market Assessment, Modularization, and Process Transfer, Gabler Verlag

For more information about the European Master and Certification Program in Risk Engineering and Management in general, go the Homepage.
For more information about the European Master Program in Risk Engineering and Management in general, go the Master Study page.
To see more courses in the curriculum, go to The curriculum page, or by date and topic go to the Calendar of Courses page.
Contact: via email or phone +49 711 1839 781 or +49 711 1839 647
(Course profile ID: B3-1:, generated on September 24, 2021)