BPE_ITFG International Trade, Finance and Global Problems

Faculty of Economics and Administration
Autumn 2009
Extent and Intensity
0/0. 4 credit(s). Type of Completion: zk (examination).
Teacher(s)
Dr. Mark Tomass, Ph.D. (lecturer)
Guaranteed by
Dr. Mark Tomass, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable
Mon 19. 10. 16:20–17:55 P104, Tue 20. 10. 16:20–17:55 038, Wed 21. 10. 16:20–17:55 S307, Thu 22. 10. 16:20–17:55 038, Fri 23. 10. 16:20–17:55 P103, Mon 26. 10. 16:20–17:55 P104, Tue 27. 10. 16:20–17:55 038, Wed 28. 10. 16:20–17:55 S307, Thu 29. 10. 16:20–17:55 038, Fri 30. 10. 16:20–17:55 P103, Mon 2. 11. 16:20–17:55 P104, Tue 3. 11. 16:20–17:55 038, Wed 4. 11. 16:20–17:55 S307, Thu 5. 11. 16:20–17:55 S307, Fri 6. 11. 16:20–17:55 P103
Prerequisites (in Czech)
BPE_MAC1 Macroeconomics 1 || BPE_MIC1 Microeconomics 1 || PEMIAI Microeconomics I || PEMAAI Macroeconomics I || PEMAKI Macroeconomics I || PEMIKI 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.
fields of study / plans the course is directly associated with
there are 6 fields of study the course is directly associated with, display
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 can also be completed outside the examination period.
The course is taught annually.
General note: Nezapisují si studenti, kteří absolvovali předmět PEMFGP.
  • Enrolment Statistics (recent)
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