ESF:MPE_MEEK International Economics - Course Information
MPE_MEEK International EconomicsFaculty of Economics and Administration
- Extent and Intensity
- 2/0/0. 4 credit(s). Type of Completion: zk (examination).
- Mgr. Martin Slanicay, Ph.D. (lecturer)
doc. Ing. Martin Kvizda, Ph.D. (lecturer)
- Guaranteed by
- Mgr. Martin Slanicay, Ph.D.
Department of Economics - Faculty of Economics and Administration
Contact Person: Mgr. Jarmila Šveňhová
Supplier department: Department of Economics - Faculty of Economics and Administration
- Mon 12:50–14:30 P106
- ! MPE_IEEK International economics
Previous completing of Macroeconomics 1, Microeconomics 1, and Economic Policy 1 is supposed.
- Course Enrolment Limitations
- The course is also offered to the students of the fields other than those the course is directly associated with.
- fields of study / plans the course is directly associated with
- there are 7 fields of study the course is directly associated with, display
- Course objectives
- The course International Economics is divided into two parts: (i) international trade and (ii) open-economy macroeconomics. In the part devoted to international trade, several trade models are presented. These models explain trade flows between economies as well as the impact of these flows on income distribution. Consequently, the effects of trade policy instruments such as tariffs, quotas, etc., are discussed as well as their political-economy context. In the part devoted to open-economy macroeconomics, the exchange rate determination in the short and long run is explained as well as the connection of exchange rates with price levels, money supply, balance of payment, interest rates, inflation and output. Consequently, the issue of fixed exchange rate and the theory of optimal currency area are discussed.
- International Trade
- 1. Stylized Facts about International Trade
- 2. Labor Productivity and Comparative Advantage: The Ricardian Model
- 3. Specific Factors and Income Distribution
- 4. Resources and Trade: The Heckscher-Ohlin Model
- 5. The Standard Trade Model
- 6. External Economies of Scale and the International Location of Production
- 7. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
- 8. The Instruments of Trade Policy
- 9. The Political Economy of Trade Policy
- Open-Economy Macroeconomics
- 10. National Income Accounting and the Balance of Payments
- 11. Exchange Rates and the Foreign Exchange Market: An Asset Approach
- 12. Money, Interest Rates, and Exchange Rates
- 13. Price Levels and the Exchange Rate in the Long Run
- 14. Output and the Exchange Rate in the Short Run
- 15. Fixed Exchange Rates and Foreign Exchange Intervention
- 16. Optimum Currency Areas and the Euro
- required literature
- KRUGMAN, Paul R., Maurice OBSTFELD and Marc J. MELITZ. International economics : theory and policy. Tenth edition, global editio. Boston: Pearson, 2015. 785 stran. ISBN 9781292019550. info
- Teaching methods
- The course has a form of lectures.
- Assessment methods
- Written test (multiple-choice). 60% of correct answers is needed to pass the exam.
- Language of instruction
- Further Comments
- Study Materials
The course is taught annually.