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FP-mePAcad. 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.
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Rules for evaluation and completion of the course
Student obtains credits if he/she receives at least 15 points out of 30 possible points awarded for practical seminars. The points will be awarded for a final writtten test, from which the student must obtain at least 9 points. Another requirement represents an assignment and its presentation (the student must obtain at least 8 points).The requirement to final examination is the knowledge of the course and obtained credit. The final exam is written (a written test). It takes into account a comprehensive knowledge of international economics, in all material respects. The maximum number of possible points is 70. Each student must obtain at least 35 points. In the overall assessment, the points of the seminars and examination are added. Students may request an oral verification.The scale of the resulting classification:(student may gain from exercise 30 points and max.70 points of the test, a total of 100 points)A: 90-100 pointsB: 80-89 pointsC: 70-79 pointsD: 60-69 pointsE: 50-59 pointsF: less than 50 points
participation in the seminars is optional
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Elearning
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Exercise
1. Introduction, International Trade Theories – Classical Country-Based Trade Theories 2. Modern Firm-Based Theories. 3. International Mobility of Production Factors. 4. International Investment Theories. 5. Trade Policy: Main issues. Benefits of International Trade. 6. Trade Policy: Main Instruments and their Effects.7. Arguments for Restricting International Trade. 8. International Flows of Goods and Capital. National Income Accounting and the Balance of Payments. 9. Prices for International Transactions: Real and Nominal Exchange Rates. Theory of Exchange-Rate Determination based on Purchasing-Power Parity. 10. Optimum Currency Areas and the European Experience 11. Equilibrium in the Open Economy: Money, Interest Rates, and Exchange Rates. 12. Fiscal and Monetary Policy in an Open Economy, Final Test.13. International Economic Integration