MPE_IEEK International economics

Faculty of Economics and Administration
Spring 2016
Extent and Intensity
2/0/0. 4 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Tomáš Paleta, Ph.D. (lecturer)
doc. Ing. Jan Čapek, 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
Thu 9:20–11:00 P104
Course Enrolment Limitations
The course is offered to students of any study field.
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 criticaly analyze individual economic measures;

- to interpet the theory and practice of economic policy, world economy and European integration.

Syllabus
  • 1. Ricardian trade model and gravity trade model

    2. Hecksher-Ohlin model of trade and specific factor model

    3. General model of trade. The empirical evidence of trade models. Why and when the models fail.

    4. International trade - reasons, specialization, openness of economies, prices in international trade. Political economy of trade policy - theory of protectionism, theory of free trade, new approaches.

    5. Trade policy instruments I. - tariff, import quota, voluntary export restrictions, export subsidies. 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
    required literature
  • KRUGMAN, Paul R., Maurice OBSTFELD and Marc J. MELITZ. International economics : theory & policy. 9th ed. Boston: Pearson Addison-Wesley, 2012, 731 p. ISBN 9780273754091. info
Teaching methods
The course has a form of a lecture.
Assessment methods
The course is concluded by a written exam.
Language of instruction
English
Further Comments
Study Materials
The course is taught annually.
The course is also listed under the following terms Spring 2017, Autumn 2017, Autumn 2018, Autumn 2019, Autumn 2021.
  • Enrolment Statistics (Spring 2016, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2016/MPE_IEEK