Course detail

International Economics

FP-iePAcad. year: 2024/2025

This course aims to provide an up-to-date and understandable analytical unified framework for understanding traditional insights as well as the newest findings and approaches in international economics. In analysing both the real and monetary sides of the subject, the approach will help the student to gain and retain the underlying logic of international economics.

Language of instruction

English

Number of ECTS credits

Mode of study

Not applicable.

Guarantor

prof. Ing. Marek Zinecker, Ph.D.

Department

Institute of Economics (ÚE)

Offered to foreign students

Of all faculties

Entry knowledge

Knowledge in macroeconomics and microeconomics.

Rules for evaluation and completion of the course

Students attending the course will obtain credits based on the elaboration and presentation of a group assignment. The lecturer will assign the topics at the beginning of the semester

Students attending the course will be evaluated based on a comprehensive written exam test covering the entire module (final grade according to the ECTS).

Aims

The course focuses on the understanding main concepts linked to the trade and monetary issues of international economics. Applications are also discussed while using relevant case studies.
At the end of the curricular unit the students will be able to understand international trade theories, determinants of international trade, international flows of goods and capital and national income accounting and the balance of payments, real and nominal exchange rates and theory of exchange-rate determination, supply and demand for loanable funds and for foreign-currency exchange, equilibrium in the open economy, structure of the foreign exchange-market, optimum currency areas and the European experience and how policies and events affect an open economy.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

Griffin, W. R., Pustay, M. W. (2015). International Business. Pearson. ISBN 978-1-292-01821-8. (EN)
Krugman, P. R., Obstfeld, M. International Economics. Berkeley: University of California, 2003. 754 s. ISBN 0-321-11639-9. (EN)
Mankiw, N. G. (2015). Principles of Macroeconomics. Cengage Learning, ISBN 978-1-285-16591-2. (EN)

Type of course unit

Lecture

13 hod., optionally

Teacher / Lecturer

prof. Ing. Marek Zinecker, Ph.D.

Syllabus

International Trade Theories – Classical Country-Based Trade Theories and Modern Firm-Based Theories. International Investment Theories.
Determinants of International Trade: The Winners and Losers from Trade, the Effects of a Tariff and a Quota. Benefits of International Trade. Arguments for Restricting International Trade.
International Flows of Goods and Capital. National Income Accounting and the Balance of Payments.
Prices for International Transactions: Real and Nominal Exchange Rates. Theory of Exchange-Rate Determination based on Purchasing-Power Parity.
Supply and Demand for Loanable Funds and for Foreign-Currency Exchange.
Equilibrium in the Open Economy: Money, Interest Rates, and Exchange Rates.
Structure of the Foreign Exchange-Market.
Optimum Currency Areas and the European Experience
Formulation of National Trade Policies.
How Policies and Events Affect an Open Economy.
International Cooperation Among Nations – Theory of Economic Integration.

Exercise

13 hod., compulsory

Teacher / Lecturer

prof. Ing. Marek Zinecker, Ph.D.

Syllabus

Determinants of International Trade: The Winners and Losers from Trade, the Effects of a Tariff and a Quota. Benefits of International Trade. Arguments for National Income Accounting and the Balance of Payments.
Real and Nominal Exchange Rates.
Supply and Demand for Loanable Funds and for Foreign-Currency Exchange.
Equilibrium in the Open Economy: Money, Interest Rates, and Exchange Rates.
Optimum Currency Areas and the European Experience

Elearning

eLearning: currently opened course

VUT

Faculties

University Institutes

Parts

International Economics

Type of course unit