PEMFGP Market, Finance and Global Problems

Faculty of Economics and Administration
Autumn 2008
Extent and Intensity
2/0/0. 3 credit(s). Type of Completion: zk (examination).
Teacher(s)
Dr. Mark Tomass, Ph.D. (lecturer)
Ing. Monika Jandová, Ph.D. (seminar tutor)
Guaranteed by
prof. Ing. Antonín Slaný, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable
Mon 11:05–12:45 P103
Prerequisites (in Czech)
PEMIAI Microeconomics I
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 135 student(s).
Current registration and enrolment status: enrolled: 0/135, only registered: 0/135, only registered with preference (fields directly associated with the programme): 0/135
fields of study / plans the course is directly associated with
Course objectives
With the opening up of post centrally planned economies and the increasing interdependence of world economies, a proper understanding of how national economies interact becomes essential for informed policy and business decisions making. This course responds to this need by sharpening your ability for clear economic analysis. It provides you with a guide to a comprehensive, relevant, and up-to-date review of the political economy of international trade and finance. By utilizing the analytical tools that you studied in Macroeconomics and Microeconomics, this course first introduces the analytical aspect of the global flow of commodities and financial assets.

Main objectives can be summarized as follows:

- to be able to identify the distinction between various approaches to international trade;
- to be able to analyze tariff and non-tariff barriers to trade;
- to understand the basics of trade finance;
- to understand central banking and monetary policy;
- to understand the workings of international money & capital markets and interest rates;
Syllabus
  • 1 Introduction to the theory of comparative advantage;
  • 2 Introduction to the theory of comparative advantage;
  • 3 The theory of trade under increasing cost conditions;
  • 4 The Heckscher-Ohlin model and economies of scale;
  • 5 Trade policy - protection and free trade;
  • 6 Instruments of trade policy;
  • 7 Agricultural policies of the European Union and the United States of America;
  • 8 Balance of payments;
  • 9 Short-term determinants of interest rates, exchange rates, and capital flows;
  • 10 Trade finance;
  • 11 Macro policies in open economics under fixed exchange rate;
  • 12 Macro policies in open economics under flexible exchange rate;
  • 13 The Bretton Woods institutions – the IMF and the World Bank.
Literature
  • CARBAUGH, Robert. International Economics. 1998. info
  • KRUGMAN, Paul. Pop Internationalism. Cambridge: MIT Press, 1997. info
Assessment methods
The course has a form of a lecture.
The course is concluded by a written exam.
Language of instruction
English
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Information on course enrolment limitations: 10 pouze přednáška
The course is also listed under the following terms Autumn 2002, Autumn 2003, Autumn 2004, Autumn 2005, Autumn 2006, Autumn 2007.
  • Enrolment Statistics (recent)
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