| Course Unit Code | 114-0309/02 |
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| Number of ECTS Credits Allocated | 4 ECTS credits |
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| Type of Course Unit * | Choice-compulsory type B |
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| Level of Course Unit * | First Cycle |
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| Year of Study * | Second Year |
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| Semester when the Course Unit is delivered | Summer Semester |
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| Mode of Delivery | Face-to-face |
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| Language of Instruction | Czech |
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| Prerequisites and Co-Requisites | Course succeeds to compulsory courses of previous semester |
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| Name of Lecturer(s) | Personal ID | Name |
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| LOK02 | Ing. Aleš Lokaj, Ph.D. |
| HOD063 | doc. Ing. Martin Hodula, Ph.D. |
| Summary |
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| What is the cause of the huge differences in income levels and economic growth around the world? What prevents developing countries from reaching a higher level of development? What are the most important drivers of economic growth and what policies have the greatest potential to reduce poverty and increase the well-being of people in the developing world? This course covers the following topics: general patterns of development around the world, theories of economic growth, the role of international institutions, economic policy, global public goods, foreign aid, social program evaluation, microfinance, and international migration. |
| Learning Outcomes of the Course Unit |
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| To acquaint students with the functioning of developing economies and their specifics through the lens of macroeconomic and empirical models. To acquire the ability to analyze a specific problem in a concrete model framework. Completion of the subject should better prepare the student for the economic influences of the contemporary globalized world, both in the field of foreign trade and in the field of international capital operations. |
| Course Contents |
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1. Introduction to the study. Setting the conditions for completing the course. Analysis of the literature, assignment of a seminar paper.
2. Definition and categorization of developing countries (hereinafter referred to as RZ).
3. Theory of developing economies. Basic models of movement of labor and capital. Analysis of the "primary economy" through the lens of the Two-gap model.
4. Sector analysis of RZ. Economic development and position of RZ in the world economy.
5. Oil shocks and their effect on RZ. Development of oil prices and oil shocks from a historical perspective. Oil shock in the AS-AD model. Implications for the balance of payments of oil importing and exporting countries.
6.-7. International trade of RZ in the context of the two-gap model. International trade in the two-gap model. Exchange rate and balance of payments theory as a tool of analysis. The impact of the Covid-19 shock on RZ.
8.-9. Capital flows of RZ. Basic model of capital movement. Capital flows to RZ. Analysis of the impact of the Global Financial Crisis 2007-2009 on RZ.
10. Migration and its influence on the status of developing countries.
11.-12.. Regional integration processes in RZ. Basic integration grouping. The role of industrialization in the regional integration of RZ.
13.-14. Historical and current debt problems at RZ. The issue of excessive debt, the debt Laffer curve and related theoretical concepts of government debt. Three-gap model. RZ debt relief process |
| Recommended or Required Reading |
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| Required Reading: |
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ADAMCOVÁ, Lenka a Tereza NĚMEČKOVÁ. Rozvojová ekonomika. Praha: OECONOMICA, 2012. ISBN 9788024515151.
PIKETTY, Thomas. Kapitál v 21. století. Přeložil Jana CHARTIER. Praha: Knižní klub, 2015. Universum. ISBN 978-80-242-4870-7.
PIKETTY, Thomas. The Economics of Inequality. Přeložil Arthur GOLDHAMMER. Cambridge, United Kingdom: The Belknap Press of Harvard University Press, 2015. ISBN 978-0-674-50480-6. |
ADAMCOVÁ, Lenka a Tereza NĚMEČKOVÁ. Rozvojová ekonomika. Praha: OECONOMICA, 2012. ISBN 9788024515151.
PIKETTY, Thomas. Kapitál v 21. století. Přeložil Jana CHARTIER. Praha: Knižní klub, 2015. Universum. ISBN 978-80-242-4870-7.
PIKETTY, Thomas. The Economics of Inequality. Přeložil Arthur GOLDHAMMER. Cambridge, United Kingdom: The Belknap Press of Harvard University Press, 2015. ISBN 978-0-674-50480-6. |
| Recommended Reading: |
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BANERJEE, Abhijit and Esther DUFLO. Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty. Public Affairs, 2011.
COLLINS, Daryl, Jonathan MORDUCH, Stuart RUTHERFORD, and Orlanda RUTHVEN. Portfolios of the Poor: How the World's Poor Live on $2 a Day. Princeton University Press, 2009.
Easterly, William, The Elusive Quest for Growth. MIT Press, 2001.
CHANCEL, Lucas, PIKETTY, Thomas, SAEZ, Emmanuel a Gabriel ZUCMAN, eds. World Inequality Report 2022. Harvard University Press, 2022. |
BANERJEE, Abhijit and Esther DUFLO. Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty. Public Affairs, 2011.
COLLINS, Daryl, Jonathan MORDUCH, Stuart RUTHERFORD, and Orlanda RUTHVEN. Portfolios of the Poor: How the World's Poor Live on $2 a Day. Princeton University Press, 2009.
Easterly, William, The Elusive Quest for Growth. MIT Press, 2001.
CHANCEL, Lucas, PIKETTY, Thomas, SAEZ, Emmanuel a Gabriel ZUCMAN, eds. World Inequality Report 2022. Harvard University Press, 2022. |
| Planned learning activities and teaching methods |
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| Lectures, Seminars |
| Assesment methods and criteria |
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| Task Title | Task Type | Maximum Number of Points
(Act. for Subtasks) | Minimum Number of Points for Task Passing |
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| Exercises evaluation | Credit | 85 | 85 |