ESF:MPE_MEEK International Economics - Course Information

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Tomáš Paleta, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)

Guaranteed by

Ing. Tomáš Paleta, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Supplier department: Department of Economics – Faculty of Economics and Administration

Timetable

Tue 14:35–16:15 P303

Prerequisites

! PEVHP External Economic Policy
Economic Policy 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 7 fields of study the course is directly associated with, display

Course objectives

The course International Economics is divided into two parts - trade policy and exchange rate policy. The first part branches out basic theoretical and practical concepts of economic policy regarding international exchange of goods and services. The latter part is focused on exchange rate systems, their applications, economic aspects and practical experience. The course combines theoretical explanation with empirical knowledge and examples from the world and the Czech economy.

At the end of the course students should be able to:

- to explain principles, functioning and role of institutions of external economic policy;
- to explain international economic issues and impacts of international policy instruments on them;
- to criticize individual economic measures;
- to interpet the theory and practice of economic policy, world economy and European integration.

Syllabus

• 1. External equilibrium - balance of payments.
• 2. International trade - reasons, specialization, openness of economies, prices in international trade.
• 3. Political economy of trade policy - theory of protectionism, theory of free trade, new approaches.
• 4. Trade policy instruments I. - tariff, import quota, voluntary export restrictions, export subsidies.
• 5. Trade policy instruments II. - antidumping, government preferential purchases, export financing support.
• 6. Types of trade policy I. - Common commercial policy.
• 7. Types of trade policy II. - US trade policy, Japanese trade policy, Trade policy of developing countries.
• 8. Exchange rate systems and economic policy - theory, exchange rate determination, overshooting.
• 9. Exchange rate policy and inflation - in the long term, one price law, PPP.
• 10. Exchange rate policy and economy performance - in the short term, J-curve.
• 11. Fixed exchange rate I. - economic policy in fixed exchange rate, central bank interventions, stabilization policy, types of fixed exchange rates in real economies.
• 12. Fixed exchange rate II. - international monetary system 1870-1973, alternative ways of monetary cooperation, IMF and developing countries.
• 13. Floating - economic policy in floating, advantages and disadvantages, applications.

Literature

• KRUGMAN, Paul R. and Maurice OBSTFELD. International Economics : Theory and Policy [Krugman, 2000]. 5th ed. Reading: Addison-Wesley, 2000, xxx, 750,. ISBN 0-321-07727-X. info

Teaching methods

The course has a form of a lecture.

Assessment methods

The course is concluded by an written and oral exam.

Language of instruction

Czech

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.
General note: Nezapisují si studenti, kteří absolvovali předmět PEVHP.
Information on course enrolment limitations: Předpokládá se obsolvování předmětů Makroekonomie 1 (BPE_MAE1), Mikroekonomie 1 (BPE_MIE1) a Hospodářská politika 1 (BPE_HOP1)

• Enrolment Statistics (Spring 2013, recent)
  
• Permalink: https://is.muni.cz/course/econ/spring2013/MPE_MEEK