| Course Unit Code | 114-0305/05 |
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| Number of ECTS Credits Allocated | 4 ECTS credits |
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| Type of Course Unit * | Choice-compulsory |
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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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| POL01 | prof. RNDr. PhDr. Stanislav Polouček, CSc. |
| MEL06 | prof. Dr. Ing. Martin Melecký, Ph.D. |
| LOK02 | Ing. Aleš Lokaj, Ph.D. |
| GRE0018 | Ing. Jiří Gregor, Ph.D. |
| Summary |
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Explanation of essential issues in the world economy and presentation of
selected theories of international economics. |
| Learning Outcomes of the Course Unit |
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- Describe basic attributes of world economy
- Discuss comodity and energy sources of the world
- Explain elementary causes of international trade and its forms
- Classify the forms of international production factors movement
- Describe the system of international organisations
- Clarify globalisation and integration processes
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| Course Contents |
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1. Introduction. Determination of conditions of the course. Analysis of the literature.
2. Description and delimitation of the world economy, its formation and historical development.
3. Basic theory of foreign trade - Mercantilism, the theory of absolute and comparative advantages, Heckscherův - Ohlin model and its modifications, alternative theories of foreign trade.
4. Foreign trade and trade policy. Liberalism vs. Protectionism. Trade policy instruments and basic division.
5. Role of nation states, transnational and international organizations in the world economy.
6. history and current distribution of "power" in the world economy. Focus on major world centers and new emerging centers - BRIC countries, BRIICS and NEXT-11th
7. globalization of the world economy. History and development of globalization. The three basic stages of globalization. Measurement of globalization.
8. Integration processes in the global economy. Distribution of integration processes. Basic stage makrointegrace. Significant integration groupings world.
9. The role of natural resources and energy in the world economy. Renewable and nonrenewable resources. Definition of the most important non-renewable resources and their role in the world economy.
10. Population factor in the global economy. Population and his race. Employment in the global economy. Migration.
11. Economic status of selected world protagonists - West. Defining basic world protagonists with a focus on the United States and Europe. Their history, economic status, current problems and threats. The economic status of selected world protagonists - Orient. Defining basic world protagonists, with a focus on China, India, Japan and the Middle East. Their history, economic status, current problems and threats.
12. Economic status of selected world protagonists - Africa. Defining basic world protagonists with a focus on sub-Saharan Africa and selected countries in the region. Their history, economic status, current problems and threats.,
13. Institutional part hospodářstvých international economic relations.
14. International organizations and the evolution of the international monetary system.
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| Recommended or Required Reading |
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| Required Reading: |
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| STUTZ, P. Frederick a Barney WARF. The World Economy: Geography, Business, Development. 6th ed. Prentice Hall, 2011, 456 p. ISBN 978-0321722508. |
CIHELKOVÁ, Eva. Aktuální otázky světové ekonomiky proměny a governance. Praha: Professional Publishing, 2013, 248 s. ISBN 9788074311048.
SANDER, Harald. Understanding the New Global Economy. 1st edition. NY:Routledge, 2022, 320 s. ISBN 978-1-003-05761-1.
KUBIŠTA, Václav. Mezinárodní ekonomické vztahy. Plzeň: Vydavatelství a nakladatelství Aleš Čeněk, 375 s. 2009, ISBN 978-80-7380-191-5.
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| Recommended Reading: |
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KRUGMAN, Paul, Maurice Obstfeld a Marc MELITZ. International Economics. 9th ed. Prentice Hall, 2011, 736 p.
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ŠTĚRBOVÁ Ludmila a kol. Mezinárodní obchod ve světové krizi 21. století. Praha: Grada, 2013. ISBN 978-80-247-4694-4
KALÍNSKÁ, Emilie a kol. Mezinárodní obchod v 21. století. Praha: Grada, 2010. 232 s. ISBN 978-80-247-3396-8.
BECK, Ulrich. Moc a protiváha moci v globálním věku. Praha: SLON, 2007, 464 s. ISBN 978-80-86429-67-0.
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| Planned learning activities and teaching methods |
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| Lectures |
| 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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| Graded exercises evaluation | Graded credit | 100 (100) | 51 |
| Písemný test | Written test | 100 | 51 |