Course: International Economics in English

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Course title International Economics in English
Course code KEM/AIE
Organizational form of instruction Lecture + Tutorial
Level of course not specified
Year of study not specified
Semester Winter
Number of ECTS credits 5
Language of instruction English
Status of course unspecified
Form of instruction Face-to-face
Work placements This is not an internship
Recommended optional programme components None
Course availability The course is available to visiting students
  • Martinčík David, JUDr. Ing. Ph.D.
Course content
- Introduction to International Trade Theory - The Ricardian Model, Specific Factors and Income Distribution - The Heckscher-Ohlin Model, The Standard Trade Model - External Economies of Scale, Firms in the Global Economy - The Instruments and Political Economy of Trade Policy - Trade Policy in Developing Countries, Controversies in Trade Policy - National Income Accounting and the Balance of Payments - Exchange Rates: An Asset Approach, Money, Interest Rates, and Exchange Rates - Price Levels and the Exchange Rate in the Long Run - Output and the Exchange Rate in the Short Run, Fixed Exchange Rates - International Monetary Systems, Optimum Currency Areas and the European Experience - Financial Globalization: Opportunity and Crisis, Developing Countries: Growth, Crisis, and Reform

Learning activities and teaching methods
Interactive lecture, Task-based study method, Textual studies, Practicum
  • Contact hours - 39 hours per semester
  • Undergraduate study programme term essay (20-40) - 35 hours per semester
  • Preparation for an examination (30-60) - 56 hours per semester
professional knowledge
The course supposes the knowledge of: Basic Microeconomics, Basic Macroeconomics, World economy.
learning outcomes
Student is able to: - Explain the basic open economy theories, - Classify theories according to their initial assumptions, - Apply theoretical knowledge on a test economics situation, - Estimate the reaction of an open economy when the initial parameters of the model has been changed.
teaching methods
Interactive lecture
Task-based study method
Textual studies
assessment methods
Combined exam
Seminar work
Recommended literature
  • Appleyard, Dennis R. International Economics. 2. vydání. USA : Irwin, 1995. ISBN 0-256-14365-X.
  • Feenstra, Robert C.; Taylor, Alan M. International economics. 2nd ed. New York : Worth Publishers, 2012. ISBN 978-1-4292-3118-3.
  • KRUGMAN, P.; OBSTFELD, M. International Economics: Theory and Policy - 7 th Edition. Addison Wesley. ISBN 0321293835.
  • Salvatore, Dominick. International economics. 2nd ed. Macmillan Publishing : New York, 1987. ISBN 0-02-405360-0.

Study plans that include the course
Faculty Study plan (Version) Branch of study Category Recommended year of study Recommended semester