VISn4003 Europe in Global Economy

Faculty of Social Studies
Spring 2025
Extent and Intensity
1/1/0. 8 credit(s). Type of Completion: zk (examination).
Mgr. Vladan Hodulák, Ph.D. (lecturer)
doc. Mgr. et Mgr. Oldřich Krpec, Ph.D. (lecturer)
Guaranteed by
doc. Mgr. et Mgr. Oldřich Krpec, Ph.D.
Department of International Relations and European Studies – Faculty of Social Studies
Contact Person: Olga Cídlová, DiS.
Supplier department: Department of International Relations and European Studies – Faculty of Social Studies
! IREn4008 Europe in Global Economy && ! EGO404 Europe in Global Economy && ! EUP413 Europe in Global Economy && ! EGOn4004 Europe in Global Economy && ! NOWANY ( IREn4008 Europe in Global Economy , EGO404 Europe in Global Economy , EUP413 Europe in Global Economy , EGOn4004 Europe in Global Economy )
Ability to speak and read English.
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
This course discusses the position and role of Europe in the international political economy from the pre-industrial era to the present era. The focus of the course is on the analysis of Europe as an actor in the international economy with regard to relevant historical, political, and social conditions and circumstances. The first part of the course deals with the ascendancy of Europe as an economic leader, the Europeanization of the international economy and a discussion of specific conditions for the takeoff of the West. The following part of the course consists of a discussion of the contemporary position of Europe in the world economy – in international trade and monetary issues, and the competitiveness of Europe and its position in key international organizations and regimes.
Learning outcomes
At the end of the course, students should acquire a comprehensive understanding of international economic relations and the position of the European economy in the world economy. Students should possess basic skills and competences to analyze the contemporary European economy in international political and economic relations.
  • Week 1) Introductory session
  • Week 2) Europe in the International Economy 1500-1800
  • Week 3) Europeanization of the International Economy, the Industrial Revolution
  • Week 4) The Inter-War Period
  • Week 5) The European Economy: Reconstruction and the Golden Age
  • Week 6) Europe and Economic Integration
  • Week 7) Europe in Contemporary International Trade, Trade Statistics
  • Week 8) European Economy and the issue of Competitiveness
  • Week 9) Joint seminar with the Utrecht University School of Economics
  • Week 10) Political Economy of European monetary integration I.
  • Week 11) Political Economy of European monetary integration II.
  • Week 12) Eurozone crisis
  • Week 13) Euro in the international monetary system, recent developments in the Eurozone
    required literature
  • - Tooze, A. 2020. “The Death of the Central Bank Myth.” Foreign Policy, May 13, 2020, pages 1-22- Tooze, A. 2020. “The Death of the Central Bank Myth.” Foreign Policy, May 13, 2020, pages 1-22.
  • - Krugman, P. – Obstfeld, M. – Melitz, M. 2018. International Economics. Harlow.
  • CINI, Michelle and Nieves PÉREZ-SOLÓRZANO BORRAGÁN. European union politics. Sixth edition. Oxford: Oxford University Press, 2019, xxv, 532. ISBN 9780198806530. info
  • COHEN, Benjamin J. Currency power: understanding monetary rivalry. Princeton, New Jersey: Princeton University Press, 2015. ISBN 0-691-16785-0. info
  • The European Union : economics and policies. Edited by A. M. El-Agraa. 9th ed. New York: Cambridge University Press, 2011, xxvii, 489. ISBN 9781107400115. info
  • MADDISON, Angus. Contours of the world economy, 1-2030 AD : essays in macro-economic history. 1st ed. Oxford: Oxford University Press, 2007, xii, 418. ISBN 9780199227211. info
  • EICHENGREEN, Barry J. The European economy since 1945 : coordinated capitalism and beyond. Princeton: Princeton University Press, 2007, xx, 495. ISBN 9780691138480. info
  • Europe in the international economy 1500 to 2000. Edited by Derek H. Aldcroft - Anthony Sutcliffe. Cheltenham: Edward Elgar, 1999, xi, 289 s. ISBN 1-84376-332-X. info
Teaching methods
Lectures, discussion of selected issues based on knowledge of required literature, analysis of empirical facts and its interpretation. Due to the Covid-19 epidemics, the classes will be given online in MS Teams.
1. Students are encouraged to actively participate in the lectures by posing questions of clarification or bringing up problems for discussion.
2. At the end of the semester, students should submit a 8-page-long final paper on a topic selected from the list below.
3. There will be a final take-home exam, consisting of four questions based on the required readings and the discussions in class.
Assessment methods
1) The final exam will be composed of 4 open questions (each max. 5 points) about subjects from compulsory reading or lectures. It will be administered through IS (questions will be send via e-mail, answers will be uploaded into a folder in the IS. You can obtain in sum up to 20 points for your answers. The test will take place during the exam period (May and June). The exact dates of the exam will be listed in the Information System by the end of April.
2) Students have to submit a seminar work. The seminar work is a necessary requirement for the final exam. For their text, students can receive up to 10 points.
Students will choose from following topics: - Uniqueness of European/Western socio-economic model as a cause for domination; o reading: Ferguson (2011) The West and the Rest; - Core and periphery in European Economy (?) – issue of real economic convergence; o reading: Farkas (2016) Models of Capitalism in the European Union; - Euro crisis – tensions build into core of European integration o reading: Matthijs – Blyth (eds.) (2015) The Future of the Euro; o reading: Stiglitz (2016) The Euro
The final paper will specify the particular issue (formulated in terms of a research question); then will specify the text or texts on which will be based the presented critical discussion. The goal is to come to generalizing remarks about the problem, based on knowledge brought from relevant literature. The form of critical review of selected literature is acceptable, however the concluding remarks should be original critical reflection by student.
The final grade consists of the written exam test (up to 20 points) and assessment of final papers (up to 10 points):
“A” grade 28-30 points “B” grade 25-27 points “C” grade 22-24 points “D” grade 20-21 points “E” grade 18-19 points “F” grade less than 18 points
Language of instruction
Further comments (probably available only in Czech)
The course is taught annually.
The course is taught: every week.
Listed among pre-requisites of other courses
Teacher's information
For details concerning exact dates of the lectures and seminars consult interactive syllabus in the Information System (
The course is also listed under the following terms Spring 2022, Spring 2023, Spring 2024.
  • Enrolment Statistics (Spring 2025, recent)
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