PESHOS World Economy

Faculty of Economics and Administration
Spring 2009
Extent and Intensity
2/0/0. 3 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Libor Žídek, Ph.D. (lecturer)
Ing. Zdeněk Rosenberg (assistant)
Guaranteed by
doc. Ing. Libor Žídek, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable
Tue 16:20–17:55 P101, Tue 16:20–17:55 P102
Prerequisites (in Czech)
ZAMI Macroeconomics I || Ex_7371_P Introduction to Macroeconomics || ZAMA Macroeconomics I (A) || Ex_7372_P Intro. to Macroeconomics (E) || PEMAKI Macroeconomics I || PEMAAI Macroeconomics I || PřF:E2312 Macroeconomy I
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 15 fields of study the course is directly associated with, display
Course objectives
World Economy (DSHO) The main goal of the course is to provide students with a complex overview of the historical development and contemporary situation in the world economy. The knowledge gained in the course should help the students to get a better understanding of the present world on the basis of the political, economical and historical relations. Additionally, the course should help the students to use theoretical knowledge from other courses in the area of the factual historical economic environment. The course is divided into two main blocks. The first one explores the development of world economy as a whole approximately from 1800 to the early 1990's. The second half of the course provides students with a detailed picture of the economic development after World War II both in the three major economic centres - the USA, Europe and Japan - and in developing countries, in Russia and in centrally planned economies. Relatively independent chapters then cover the development of the international monetary system, relevant international economic organisations as well as the economic development of Czechoslovakia (or the Czech Republic) from its establishment to the present. Students are supposed to have an active knowledge of macroeconomics.
Syllabus
  • 1. The introduction to the world economy - definition, global trends; revision of the basics of macroeconomics; 2. Development of the world economy since the beginning of the 19th Century till the First World War – the role of Great Britain, colonial system, international trade and investment; 3. The world economy between 1918 and the end of the 1920s – the impact of the First World War, characteristics of the 1920s, development in Germany and the USA; 4. The development in the 1930s –the Great Depression, collapse of the international trade; 5. The reconstruction after the Second World War till 1970s – war economies, situation after the war, reconstruction, bipolarity, successful development in the 1950s and the 1960s; 6. The oil crises and the development in the 1980s – the causes and the impact of the oil crises; 7. The development of the monetary system – gold standard, modification of the gold standard, Bretton-Wood system, monetary system after 1973; 8. Japan – the development till the First World War, the economy between the wars, the reconstruction and economic miracle after the war, troubles in the 1970s, difficulties in the 1990s; 9. the USA – characteristics of the system, the economic development before the First World War, the golden period after the Second World War, stagflation in the 1970s, Reganomics, strong economy in the 1990s; 10. Europe/ developing countries – European integration, euro, characteristics of a developing country, reasons for lagging behind and ways to overcome it, Asian tigers; 11. Russia and centrally planned economies – Russia in the 19th Century, creation of the planned economy after the 1917, gradual worsening of the economic situation; constitution of the centrally planned economies, characteristic of the system, the fall; 12. Czechoslovakia/ international organizations – development of the Czechoslovak economy between 1918 and today; the characteristics of the main international organizations; 13. Contemporary situation in the world economy – the regions, trends, the development of the main economic indicators, globalization
Literature
  • ŽÍDEK, Libor. Dějiny světového hospodářství (History of World Economy). 1st ed. Plzeň: Aleš Čeněk, 2007, 392 pp. ekonomické monografie. ISBN 978-80-7380-035-2. info
  • FALTUS, Jozef and Václav PRŮCHA. Všeobecné hospodářské dějiny 19. a 20. století. 2. vyd. V Praze: Vysoká škola ekonomická, 2003, 194 s. ISBN 8024504995. info
  • periodika: Ekonom, The Economist, Hospodářské noviny
Assessment methods
The course consists of 13 lectures. Basic macroeconomic knowledge is a precondition for the course. The students have to fill self-correcting exercises in the IS during every week in the semester and gain more than 40% points. The exam takes place in the exam period. The exam has a written form. It is necessary to have more than 60 % to pass the exam. The final written test is to be taken during the exam period. If the student is caught during the examination performing any form of forbidden activity (for example: cribbing, allowing cribbing, using non-permitted materials and devices, exchanging tests, creating copies of tests, or substituting for other student), the teacher will stop the exam and according to the seriousness of the offence the student will be graded F, or FF or even FFF.
Language of instruction
Czech
Further Comments
Study Materials
The course is taught annually.
The course is also listed under the following terms Autumn 2001, Spring 2002, Spring 2003, Spring 2004, Spring 2005, Spring 2006, Spring 2007, Spring 2008.
  • Enrolment Statistics (recent)
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