International Economics 2600-LFBRz2EM
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
Learning outcomes
The student knows and understands:
K_W01 - Knows and understands at an advanced level the terminology relating to accounting in business organizations in the discipline of economics and finance and in complementary disciplines (management and quality sciences, legal sciences), in particular for financial management and accounting, in particular in relation to the international market
K_W03 - Knows and understands to an advanced degree economic theories and models regarding the functioning of organizations and the entire economy, especially in relation to international economics
K_W05 - Knows and understands to an advanced degree technological, social, political, legal, economic and ecological processes and phenomena and their impact on financial decisions in organizations, the functioning of the organization and the entire economy, including the principles of protection of industrial property and copyright, with particular emphasis on international market
Student is able to:
K_U02 - Is able to correctly interpret technological, social, political, legal, economic and ecological processes and phenomena and their impact on financial decisions in organizations, the functioning of the organization and the entire economy, using the appropriate selection of sources in the area of international operations and their conditions
K_U07 - Is able to plan and organize own and team work.
K_U08 - Has the ability to self-educate and improve acquired qualifications.
The student is:
K_K01 - Is ready to assess and critically approach situations and phenomena related to financial management in organizations, accounting, management of financial institutions and strategies of financial institutions in the international environment
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:
80% final presentation,
20% in-class work;
A total of 100 points will be earned from the seminar, the number of which will determine the final grade:
0-50 points – grade 2
51-65 points – grade 3
66-71 points – grade 3.5
72-84 points – grade 4
85-89 points – grade 4.5
90-100 points – grade 5
Practical placement
Professional practice is not required to complete the subject
Bibliography
Lecture:
Nowak A.Z., Zalega T., (2019) Makroekonomia, PWE, Warszawa
Budnikowski A., (2021), Ekonomia międynarodowa, 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., Obself, M. (2007). Ekonomia międzynarodowa. Teoria i praktyka, t. I-II, Warszawa PWN. (lub nowsze wydanie)
Suplementary:
Budnikowski A. (2021). Ekonomia międzynarodowa, PWE, Warszawa.
Reinhert R.A., 2025, Wprowadzenie do ekonomii międzynarodowej, PWN, Warszawa