Foreign Trade Policy

1. Role of Foreign-Trade Policy in Open Economy
- external monetary versus foreign-trade policy (FTP)
- definitions and principles of FTP
- tools and objectives of FTP
- the role of FTP within other economic policies
- the openness of the economy
2. Theory of Foreign Trade
- liberal versus protectionist FTP
- the role of international institutions in the foreign trade (WTO, IMF, IBRD)
3. External and Internal Balance - Swan Model, Mundell Model
- situation in the CR in comparison to chosen economies
4. Theory of Balance of Payments
- individual approaches
- automatic balancing mechanism of balance of payments
5. Analysis of Balance of Payment Current Account
- situation and development in the CR in comparison to other economies
6. Analysis of Balance of Payment Financial and Other Accounts
- situation and development in the CR in comparison to other economies
- the role of investments in supporting foreign trade
7. Tools of Foreign-Trade Policy
- their division
- criteria for tools selection
8. Contractual Tools of Foreign-Trade Policy
9. Autonomous Tools of Foreign-Trade Policy
10. Role of Export Policy
11. Role of Institutions Influencing Foreign Trade in the CR
- Czech Trade
- CEB
- EGAP etc.
12. Monetary Policy in Open Economy
- the role of Central Bank in foreign trade
- currency devaluation and balance of payments improvement
- Marshall-Lerner Approach
- types of inflation resulting from devaluation