International Economic Relations 2104-UPIR-D3IERE
The purpose of this lecture and workshop is to submit students with knowledge about international economic relations. They are focus on international trade, finance, investment and development. The development of the international trade system will be analyzed and interests of different groups of countries will be explained. Special attention will be given to the trade policy of the developing countries and the consequences of different development strategies. The theory and practice of international economic relations and problems of coordinating macroeconomic policies among countries will be explored. The institutional framework of international economic relations will be explored too. The practice of the economic coordination and integration, especially in Europe, will be discussed.
Class 1: What is Global Economy about? Basic theories of trade
Class 2: Economics of scale as a Reason for Trade & The Instruments of Trade Policy
Class 3: International Factor Movements
Class 4: International Trade Policy
Class 5: Trade Policies for the Developing Countries
Class 6: Foreign Exchange Market The Exchange Rate and Currency Crises
Class 7-8: Great Depression and the Crisis of 2008
Class 9-10-11: Global energy market
Class 12: International Institutions
Class 13-14: European Economic Integration & Eurozone crisis
Class 15: Developing Countries: Growth, Crisis, Reform, Growth & lessons for Europe
Type of course
Mode
Prerequisites (description)
Course coordinators
Learning outcomes
Students know the theoretical background and the practice of international economic relations. They have broad knowledge about some aspects of international economic relations like trade and European Monetary Integration. They are familiar with main institutions (IMF, World Bank, WTO, etc.) and their role in the international system. They know and understand current conflicts and discussed problems. Students are able to analyze the influence of different factors on the economic security of the state. A student may promote knowledge on international relations and identify ethical dilemmas in international economic relations
K_W01; K_W06; K_W07; K_U01; K_K01; K_K02
Assessment criteria
Written exam
individual course of study
Individual project in written form. Lenght: 40000-60000 symbols. Text structure: Introduction, 3-4 chapters, conclusions and bibliography. The introduction must include: research question/ research hypothesis and description of methodology.
The must include footnotes.
Practical placement
-
Bibliography
• P.R. Krugman/ M. Obsfeld, International Economics. Theory and Policy, Boston […] 2009.
• B. Ingham, International Economics. A European Focus, Harlow 2004, Chapter 2.
• R.C. Feenstra/ A.M. Taylor, International Economics, New York 2008.
• R.J. Carbaugh, International Economics, Mason 2009
• Ch. Van Marrewijk, International Economics. Theory, Application, and Policy, Oxford 2007
• Goldthau A. (ed.), The Handbook of Global Energy Policy, Wiley-Blackwell, London 2013.
• Ben Bernanke, Essays on the Great Depression, 2004.
Ben S. Bernanke, Timothy F. Geithner, Henry M. Paulson Jr.: Firefighting: The Financial Crisis and Its Lessons, 2019.
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: