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ECTS Course Overview



International Economics I

* Exchange students do not have to consider this information when selecting suitable courses for an exchange stay.

Course Unit Code120-0750/02
Number of ECTS Credits Allocated5 ECTS credits
Type of Course Unit *Choice-compulsory
Level of Course Unit *First Cycle
Year of Study *
Semester when the Course Unit is deliveredSummer Semester
Mode of DeliveryFace-to-face
Language of InstructionEnglish
Prerequisites and Co-Requisites Course succeeds to compulsory courses of previous semester
Name of Lecturer(s)Personal IDName
KAN03Ing. Radomír Kaňa, Ph.D.
Summary
This subject should complete the knowledge of the students in the field of
international economics. The subject matter of lectures of international
economics will be consisted of issues raised by the special problems of
economic interaction between sovereign states. Such themes recur throughout
our subject like the gains from trade, the pattern of trade, models of
international trade, the balance of payments, international factor movements,
exchange rate determination, international economic integration etc. Students
can expect to finish this course with a thorough understanding of major
theories and problems of international economics.
Learning Outcomes of the Course Unit
1.To distinguish the basic diffrences between the world and the national economy.
2.To describe the major trends in the world economy evolution.
3.To identify the main global problems in the present world economy.
4.To apply the acquired knowledge for the characteristics of the present situation in the world economy.
Course Contents
1. An introduction to international economics, what is international
economics about
2. History (evolution) of the world economy, structure of the world
economy
3. International economics and globalization, global problems of the
world economy
4. Tools of analysis for international trade models, the classical model
of international trade
5. The Heckscher – Ohlin theory, tests of trade models: the Leontief
paradox
6. The gains from free trade, tariffs, non tariff barriers and arguments
for protection
7. Trade policy – international trade and economic growth, international
factor movements
8. The balance of payments, basic theories of the balance of payments.
9. Money, exchange rates and open–economy macroeconomics, interest rates
and interest parity, recent exchange rate theories
10. Fixed and floating exchange rates, the international monetary system,
Gold Standard, Bretton Woods System, floating exchange rates
11. Organizations of international economic integration, international
organizations
12. European Union as the most developed organization of international
economic integration
Recommended or Required Reading
Required Reading:
ALLEN, F., AOKI, M. a N. KIYOTAKi ed. The Global Macro Economy and Finance. NY: Palgrave Macmillan, 2012. ISBN-13: 978-1137034236.
BALDWIN, Richard a Charles WYPLOSZ. The Economics of European Integration. 3. vyd. McGraw Hill Higher Education, 2009. ISBN 13: 978-0077121631.
KRUGMAN, P., a M. OBSTFELD. International Economics, Theory and Policy. 9. vyd. Boston: Prentice Hall, 2011. ISBN-13: 978-0132961646
KAŇA, R. International Economics, study material. Prepared under the project: „Rozvoj jazykových kompetencí pracovníků VŠB-TU Ostrava: InterDV, CZ.1.07/2.2.00/15.0132“. Available for students of the course on LMS Moodle.
ALLEN, F., AOKI, M. a N. KIYOTAKi ed. The Global Macro Economy and Finance. NY: Palgrave Macmillan, 2012. ISBN-13: 978-1137034236.
BALDWIN, Richard a Charles WYPLOSZ. The Economics of European Integration. 3. vyd. McGraw Hill Higher Education, 2009. ISBN 13: 978-0077121631.
KRUGMAN, P., a M. OBSTFELD. International Economics, Theory and Policy. 9. vyd. Boston: Prentice Hall, 2011. ISBN-13: 978-0132961646
KAŇA, R. International Economics, study material. Prepared under the project: „Rozvoj jazykových kompetencí pracovníků VŠB-TU Ostrava: InterDV, CZ.1.07/2.2.00/15.0132“. Available for students of the course on LMS Moodle.
Recommended Reading:
EL-AGRAA, Ali, ed. The European Union: Economics and Policies. 9. vyd. Cambridge: Cambridge University Press, 2011. ISBN 978-1107007963.
JOVANOVIC, Miroslav. The Economics of International Integration. Northampton: Edward Edgar Publishing, Inc., 2007. ISBN-13: 978-1847205384.
MURRAY, Holden a Eston BAKER.,International Economic Cooperation: Institutions, Funds, and Banks. NY: Nova Science Publishers, Inc., 2012. ISBN-13: 978-1620818428.
MATTHEW, L. Bust : Greece, the Euro, and the sovereign debt crisis. Hoboken, N.J.: Bloomberg Press, 2011. ISBN:13: 9780470976111.
SIGURÐSSON, G. Ö. The Development of Icelandic Foreign Policy: From National Interest to Idealism. Reykjavík: Reykjavík University, dissertation. 2012.
EL-AGRAA, Ali, ed. The European Union: Economics and Policies. 9. vyd. Cambridge: Cambridge University Press, 2011. ISBN 978-1107007963.
JOVANOVIC, Miroslav. The Economics of International Integration. Northampton: Edward Edgar Publishing, Inc., 2007. ISBN-13: 978-1847205384.
MURRAY, Holden a Eston BAKER.,International Economic Cooperation: Institutions, Funds, and Banks. NY: Nova Science Publishers, Inc., 2012. ISBN-13: 978-1620818428.
MATTHEW, L. Bust : Greece, the Euro, and the sovereign debt crisis. Hoboken, N.J.: Bloomberg Press, 2011. ISBN:13: 9780470976111.
SIGURÐSSON, G. Ö. The Development of Icelandic Foreign Policy: From National Interest to Idealism. Reykjavík: Reykjavík University, dissertation. 2012.
Planned learning activities and teaching methods
Lectures
Assesment methods and criteria
Tasks are not Defined