BPE_WOEC World Economy

Faculty of Economics and Administration
Autumn 2023
Extent and Intensity
2/0/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Libor Žídek, Ph.D. (lecturer)
Guaranteed by
doc. Ing. Libor Žídek, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Mgr. Jarmila Šveňhová
Supplier department: Department of Economics – Faculty of Economics and Administration
Timetable
Tue 18:00–19:50 P103, except Tue 19. 9., except Tue 7. 11.
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The course is divided into two main blocks. The first block deals with the development of the world economy (as a whole) since the beginning of the 19th Century till today. This block is supplemented with one lecture referring to the evolution of the monetary system. The students are acquainted with the development in the main economic centers in the second part of the course. Concretely, there are lectures about the economic development in - the USA, Europe, Japan, Russia, developing countries and Czechoslovakia. The main goal of the course is 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. At the end of the course students should be able to exercise an orientation in the long run development of the world economy. They acquire dispositions for better understanding of the contemporary development. They will get deeper insight into the nature of the basic economic concepts in the light of the development of the world economy.
Learning outcomes
After successful completion of the course, student will be able to:
- analyse events from the history of the world economy,
- apply knowledge from economic history to contemporary events in the world economy,
- apply knowledge from 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 the 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 (SELFSTUDY) 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
    required literature
  • Zidek L.: World economy history, on-line material uploaded in the interactive syllabi
  • KENWOOD, A. G. and A. L. LOUGHEED. The growth of the international economy 1820-2000 : an introductory text. 4. ed. London: Routledge, 2000, xvi, 349. ISBN 0415199298. info
Teaching methods
The course consists of 12 lectures. Students can get bonus points for the exam if they take KvISes during lectures. Basic macroeconomic knowledge is a precondition for the course. The self-correcting exercises are compulsory. The students have obligation to pass them (at minimum 40 %) in defined periods after the lectures.
Assessment methods
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 self-correcting exercises are condition for permission to pass the exam. The final written test is to be taken during the exam period. Any copying, recording or leaking tests, use of unauthorized tools, aids and communication devices, or other disruptions of objectivity of exams (credit tests) will be considered non-compliance with the conditions for course completion as well as a severe violation of the study rules. Consequently, the teacher will finish the exam (credit test) by awarding grade "F" in the Information System, and the Dean will initiate disciplinary proceedings that may result in study termination.
Language of instruction
English
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
General note: Přednášky jsou dostupné online a ze záznamu.
Information on course enrolment limitations: Kurz je vypsán výhradně pro zahraniční studenty. The course is offered only to international students!
The course is also listed under the following terms Autumn 2009, Autumn 2010, Autumn 2011, Autumn 2012, Autumn 2013, Autumn 2014, Autumn 2015, Autumn 2016, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2020, Autumn 2021, Autumn 2022, Autumn 2024.
  • Enrolment Statistics (Autumn 2023, recent)
  • Permalink: https://is.muni.cz/course/econ/autumn2023/BPE_WOEC