International Economics 2600-DSMw3EM
The lecture covers the following topics:
1. Elements of economic and financial geography
• Geographical distribution of wealth and its causes
• Largest countries in terms of GDP
• Economic, technological and financial strength – how to assess countries' resources
• Megatrends in the global economy
• Globalization and regionalization
• Systemic convergence
• Technological progress
• Energy transformation
2. International specialization and its economic justification
• Specialization and its reasons
• Advantages and disadvantages of specialization
• Review of economic, strategic and political theories of foreign trade as a justification for specialization
3. Competitiveness of economies and methods of shaping it
• The concept and factors of competitiveness
• Competitive advantage and comparative advantage
• Porter's Diamond as a model for assessing the competitiveness of industries
• Elements of economic policy building competitiveness
• Trade policy
• Currency policy
• Technological development
• Integration processes
• Energy transformation
4. Ways to enter foreign markets
5. Assessment of the attractiveness of economies
• Balance of payments
• Ratings
• Evaluation index system
• Market methods
6. Introduction to international risk assessment
7. Economic crises and their causes
The thematic scope of the exercises includes:
1. Selected theories of foreign trade and their effectiveness
2. Foreign investments: direct and portfolio. Their impact on the economic situation
3. Ways of entering international markets - advantages and disadvantages - SWOT analysis
a. Export,
b. Turnkey investments,
c. Franchising and licensing,
d. Direct investments
4. Effectiveness of basic trade policy instruments (dumping subsidy duties, VER, import tax, import quotas)
5. Exchange rate and risk of international operations
6. Balance of payments
a. Structure,
b. Factors determining the dynamics of changes,
c. Impact on the economic situation
7. Factors affecting the balance of payments
a. Changes in the exchange rate and the situation in the balance of payments
b. Changes in the interest rate and the situation in the balance of payments
c. Competitiveness and the situation in the balance of payments
8. The country's investment position
Ways of determining and importance for international exchange
During the exercises, the instructors have the freedom to supplement the topics with additional elements within the available class time
Type of course
Mode
Course coordinators
Learning outcomes
The student knows and understands:
K_W01 - Knows and understands research methodology and terminology in the discipline of management and quality science and in complementary disciplines (economics and finance, legal sciences), with particular emphasis on the international environment
K_W03 - Knows and understands at an advanced level the economic theories and models relating to the functioning of organizations and the entire economy, with particular emphasis on the international environment
K_W05 - Knows and understands technological, social, political, legal, economic and ecological processes and phenomena and their impact on the functioning of the organization and the entire economy, including the principles of industrial property protection and copyright, with particular emphasis on the international environment
Student is able to:
K_U02 - Is able to use the theory of the discipline of management and quality sciences and complementary sciences (economics and finance, legal sciences) to recognize, diagnose and solve problems related to key functions in the organization and integrate them within the organization's strategy, using the appropriate selection of sources and adapting existing methods, including in the area of international operations and their conditions
K_U07 – is able to plan and organize individual and team work, as well as effectively cooperate within a group when analyzing issues related to international economics, such as foreign trade, competitiveness of economies, and strategies for entering foreign markets.
K_U08 – is able to independently improve their qualifications and develop knowledge in the field of international economics, particularly through analyzing megatrends, changes in the global economy, and current financial and trade phenomena.
The student is:
K_K01 - Is ready to evaluate and critically approach situations and phenomena related to the functioning of the organization
Assessment criteria
The lecture ends with an exam. The exam can be conducted on-site or remotely. You can take the exam after passing the exercises.
The exam involves writing an essay (an exam in the classroom in electronic form via the eNauka or Kampus platforms is acceptable). The student chooses one question out of four. He has 60 minutes to write the essay. Additionally, students' activity in the lecture hall and specially run online forums is taken into account.
The evaluation of the student's work results during the exercises is comprehensive. It consists of: a final test (in the form of a multiple-choice test, remotely possible, on the same date for all groups), case studies in groups, and activity in classes (including solving tasks, participating in discussions, homework). Learning outcomes will be verified on an ongoing basis through tasks (e.g. Oxford discussions, SWOT analysis, etc.) and presentations made by participants during exercises and finally during the course (test) and exam.
Exercises:
- colloquium 50% (final colloquium can be conducted remotely on the eNauka or Kampus platform) or essays (up to 2 due to lecturer requirements)
- presentation – case study 30%
- activity and tasks during classes 20%
Written exam (70%) and active participation in classes (30%) after passing the exercises
Bibliography
Lecture:
Nowak A.Z., Zalega T., (2019) Makroekonomia, PWE, Warszawa
Budnikowski A., (2023), Ekonomia międzynarodowa, PWE, Warszawa
Krugman P.R., Obstfeld M., Melitz M.J., (2018), Ekonomia międzynarodowa, PWN, Warszawa
Reinhert R.A., 2025, Wprowadzenie do ekonomii międzynarodowej, PWN, Warszawa
Exercises:
Basis:
Krugman, P., Obsfeld, M., 2018, Ekonomia międzynarodowa, PWN, Warszawa,
Kowalik P., Pietrzak A.,2005, Finanse międzynarodowe – zbiór zadań, PWN, Warszawa
Budnikowski A., 2023, Ekonomia międzynarodowa,PWE, Warszawa
Reinhert R.A., 2025, Wprowadzenie do ekonomii międzynarodowej, PWN, Warszawa
Suplementary:
Bernaś B.,/red/, 2002, Międzynarodowe transakcje ekonomiczne, Difin, Warszawa,
Buckley A., 2000, Multinational Finance, FT Prentice Hall, London
Budnikowski A., 2023, Ekonomia międzynarodowa,PWE, Warszawa
Dusza M., 1992, Banki na rynku kapitałowym, BMiB, Warszawa
Dusza M., 1999, Rynek kapitałowy w Polsce: narodziny, pierwsze dziesięciolecie, perspektywy, BMiB, Warszawa
Charbonszczewska E., Oręziak L., 2000, Miedzynarodowe rynki finansowe, SGH, Warszawa
Eiteman D.K., Stonehill A.I., Moffett M. H., 2001, Multinational Business Finance, 9th ed., Addison Wesley- Longman, Boston
Karczmarek T.T., 2001, Zarządzanie ryzykiem w przedsiębiorstwie eksportującym, ODDK, Gdańsk
Kozioł W., 2004, (red) Handel zagraniczny. Operacje, rozliczenia, regulacje, Wyd. Naukowe WZ UW, Warszawa, s.279 - 288,
Krugman, P., Obsfeld, M., 2018, Ekonomia międzynarodowa, t. I i II, PWN, Warszawa
Lindert P.H., 1986, International Economics, Irwin, Homewood, Il.
Michałek J.J, 2002, Polityka handlowa. Mechanizmy ekonomiczne i regulacje międzynarodowe, PWN, Warszawa
Najlepszy E., 1993, Międzynarodowe finanse przedsiębiorstw, Poznań,
Nowak A.Z., 2002, Integracja europejska. Szansa dla Polski?, PWE, Warszawa;
Pietrzak E., 1992, Międzynarodowe operacje walutowe, BMiB, Warszawa
Rugman A.M., Hodgetts R.M., 2003, International Business, FT Prentice Hall, London
Rymarczyk J., /red/, 2006, Międzynarodowe stosunki gospodarcze, PWE, Warszawa,
Shapiro A.C., 1999, Foundation of Multinational Financial Management, John Wiley & Sons, New York
Świerkocki J., Zarys Międzynarodowych Stosunków Gospodarczych, PWE, Warszawa 2011;
Tarczyński W., Mojsiejewicz M., 2001, Zarządzanie ryzykiem, PWE Warszawa
Zabielski K., 1994, Finanse międzynarodowe, PWE Warszawa
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Term 2025Z:
Lecture: Exercises: Suplementary: Bernaś B.,/red/, 2002, Międzynarodowe transakcje ekonomiczne, Difin, Warszawa, |
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: