Course Information

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).
In-person direct teaching

Teacher(s)

Ing. Mgr. Lucie Coufalová, Ph.D. et Ph.D. (lecturer)

Guaranteed by

Ing. Mgr. Lucie Coufalová, Ph.D. et 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

Mon 12:00–13:50 P106, except Mon 16. 9., except Mon 4. 11.

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 11 fields of study the course is directly associated with, display

Course objectives

The aim of International Economics is to acquaint students with (i) the theory of international trade, (ii) international trade policy and (iii) the macroeconomics of an open economy. In the section devoted to international trade, the student will get acquainted with the construction of several models of international trade. These models explain trade flows between countries and how these flows affect income distribution. The section on trade policy discusses the impacts of trade policy instruments such as tariffs, quotas, etc., and subsequently also the political and economic context of their use. The section devoted to the macroeconomics of the open economy explains the issue of determining the exchange rate in the short and long run. The connection between the exchange rate and price levels, the amount of money in circulation, the balance of payments, interest rates, inflation and the amount of production are discussed.

Learning outcomes

At the end of the course, students should be able to explain:
- What are the current patterns of international trade and how have these patterns evolved over time.
- What are the welfare gains of international trade for an economy.
- How and why international trade affects the income distribution in an economy. What are the causes of short-run and long-run consequences of international trade on income distribution. Who are the winners and losers of international trade.
- What are the effects of different instruments of trade policy (tariffs, quotas, etc.) on the welfare of different groups in an economy and on the welfare of an economy as a whole. Under which circumstances can trade restrictions enhance the overall welfare in an economy.
- What is the political-economy context of trade restrictions and what is the role of interest groups. Explain the concept of collective action in the context of interest groups and trade policy.
- What are the effects of various events or policy actions on the exchange rate in the short run and long run.
- How to use monetary and fiscal policy to counterbalance the business cycle in an open economy.

Syllabus

• 1. Introduction: An overview of the world economy
• 2. Why countries trade
• 3. Comparative advantage and the production possibilities frontier
• 4. Factor endowments and the commodity composition of trade
• 5. Intra-industry trade
• 6. The firm in the world economy
• 7. International factor movements
• 8. Tariffs
• 9. Nontariff distortions to trade
• 10. International trade policy
• 11. Regional economic arrangements
• 12. International trade and economic growth
• 13. National income accounting and the balance of payments
• 14. Exchange rates and their deterination: a basic model
• 15. Money, interest rates, and the exchange rate
• 16. Open economy macroeconomics
• 17. Macroeconomic policy and floating exchange rates
• 18. Fixed exchange rates and currency unions
• 19. International monetary arrangements
• 20. Capital flows and the developing countries

Literature

• SAWYER, W. Charles and Richard L. SPRINKLE. Applied international economics. 5th edition. London: Routledge, Taylor & Francis Group, 2020, xxix, 529. ISBN 9781138388444. info

Teaching methods

The course consists of lectures.

Assessment methods

Written test (multiple choice) + self-correction exercises. Option to write a midterm in the middle of the semester. Attendance at the lecture is not compulsory. The course can therefore be taken even if you are abroad. The date of the final exam is then up to individual arrangement depending on ISP etc. Please contact the lecturer before departure and make all arrangements.

Language of instruction

Czech

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Mgr. Lucie Coufalová, Ph.D. et Ph.D. (lecturer)

Guaranteed by

Ing. Mgr. Lucie Coufalová, Ph.D. et 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

Mon 12:00–13:50 P106, except Mon 18. 9., except Mon 6. 11.

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 11 fields of study the course is directly associated with, display

Course objectives

The aim of International Economics is to acquaint students with (i) the theory of international trade, (ii) international trade policy and (iii) the macroeconomics of an open economy. In the section devoted to international trade, the student will get acquainted with the construction of several models of international trade. These models explain trade flows between countries and how these flows affect income distribution. The section on trade policy discusses the impacts of trade policy instruments such as tariffs, quotas, etc., and subsequently also the political and economic context of their use. The section devoted to the macroeconomics of the open economy explains the issue of determining the exchange rate in the short and long run. The connection between the exchange rate and price levels, the amount of money in circulation, the balance of payments, interest rates, inflation and the amount of production are discussed.

Learning outcomes

At the end of the course, students should be able to explain:
- What are the current patterns of international trade and how have these patterns evolved over time.
- What are the welfare gains of international trade for an economy.
- How and why international trade affects the income distribution in an economy. What are the causes of short-run and long-run consequences of international trade on income distribution. Who are the winners and losers of international trade.
- What are the effects of different instruments of trade policy (tariffs, quotas, etc.) on the welfare of different groups in an economy and on the welfare of an economy as a whole. Under which circumstances can trade restrictions enhance the overall welfare in an economy.
- What is the political-economy context of trade restrictions and what is the role of interest groups. Explain the concept of collective action in the context of interest groups and trade policy.
- What are the effects of various events or policy actions on the exchange rate in the short run and long run.
- How to use monetary and fiscal policy to counterbalance the business cycle in an open economy.

Syllabus

• 1. Introduction: An overview of the world economy
• 2. Why countries trade
• 3. Comparative advantage and the production possibilities frontier
• 4. Factor endowments and the commodity composition of trade
• 5. Intra-industry trade
• 6. The firm in the world economy
• 7. International factor movements
• 8. Tariffs
• 9. Nontariff distortions to trade
• 10. International trade policy
• 11. Regional economic arrangements
• 12. International trade and economic growth
• 13. National income accounting and the balance of payments
• 14. Exchange rates and their deterination: a basic model
• 15. Money, interest rates, and the exchange rate
• 16. Open economy macroeconomics
• 17. Macroeconomic policy and floating exchange rates
• 18. Fixed exchange rates and currency unions
• 19. International monetary arrangements
• 20. Capital flows and the developing countries

Literature

• SAWYER, W. Charles and Richard L. SPRINKLE. Applied international economics. 5th edition. London: Routledge, Taylor & Francis Group, 2020, xxix, 529. ISBN 9781138388444. info

Teaching methods

The course consists of lectures.

Assessment methods

Written test (multiple choice) + self-correction exercises. Option to write a midterm in the middle of the semester. Attendance at the lecture is not compulsory. The course can therefore be taken even if you are abroad. The date of the final exam is then up to individual arrangement depending on ISP etc. Please contact the lecturer before departure and make all arrangements.

Language of instruction

Czech

Further Comments

Study Materials
The course is taught annually.

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Jan Čapek, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)

Guaranteed by

doc. Ing. Jan Čapek, 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

Mon 12:00–13:50 P106, except Mon 12. 9., except Mon 31. 10.

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 11 fields of study the course is directly associated with, display

Course objectives

The aim of International Economics is to acquaint students with (i) the theory of international trade, (ii) international trade policy and (iii) the macroeconomics of an open economy. In the section devoted to international trade, the student will get acquainted with the construction of several models of international trade. These models explain trade flows between countries and how these flows affect income distribution. The section on trade policy discusses the impacts of trade policy instruments such as tariffs, quotas, etc., and subsequently also the political and economic context of their use. The section devoted to the macroeconomics of the open economy explains the issue of determining the exchange rate in the short and long run. The connection between the exchange rate and price levels, the amount of money in circulation, the balance of payments, interest rates, inflation and the amount of production are discussed.

Learning outcomes

At the end of the course, students should be able to explain:
- What are the current patterns of international trade and how have these patterns evolved over time.
- What are the welfare gains of international trade for an economy.
- How and why international trade affects the income distribution in an economy. What are the causes of short-run and long-run consequences of international trade on income distribution. Who are the winners and losers of international trade.
- What are the effects of different instruments of trade policy (tariffs, quotas, etc.) on the welfare of different groups in an economy and on the welfare of an economy as a whole. Under which circumstances can trade restrictions enhance the overall welfare in an economy.
- What is the political-economy context of trade restrictions and what is the role of interest groups. Explain the concept of collective action in the context of interest groups and trade policy.
- What are the effects of various events or policy actions on the exchange rate in the short run and long run.
- How to use monetary and fiscal policy to counterbalance the business cycle in an open economy.

Syllabus

• International Trade Theory
• 1. Stylized Facts about International Trade
• 2. Labor Productivity and Comparative Advantage: The Ricardian Model
• 3. Specific Factors and Income Distribution
• 4. Resources and Trade: The Heckscher-Ohlin Model
• 5. The Standard Trade Model & External Economies of Scale and the International Location of Production
• 6. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
• International Trade Policy
• 7. The Instruments of Trade Policy
• 8. The Political Economy of Trade Policy
• 9. Trade Policy in Developing Countries & Controversies in Trade Policy
• Open-Economy Macroeconomics
• 10. Exchange Rates and the Foreign Exchange Market: An Asset Approach
• 11. Money, Interest Rates, and Exchange Rates
• 12. Price Levels and the Exchange Rate in the Long Run

Literature

required literature
• KRUGMAN, Paul R., Maurice OBSTFELD and Marc J. MELITZ. International economics : theory and policy. Tenth edition, global editio. Boston: Pearson, 2015, 785 stran. ISBN 9781292019550. info

Teaching methods

The course consists of lectures.

Assessment methods

Written test + self-correction exercises during the semester.

Language of instruction

Czech

Further Comments

Study Materials
The course is taught annually.

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Jan Čapek, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)

Guaranteed by

doc. Ing. Jan Čapek, 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

Mon 12:00–13:50 P106, except Mon 13. 9., except Mon 1. 11.

Prerequisites

Previous completing of Macroeconomics 1, Microeconomics 1, and Economic Policy 1 is supposed.

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 13 fields of study the course is directly associated with, display

Course objectives

The course International Economics is divided into three parts: (i) international trade theory, (ii) international trade policy, and (iii) open-economy macroeconomics. In the part devoted to international trade theory, several trade models are presented. These models explain trade flows between economies as well as the impact of these flows on income distribution. In the part devoted to international trade policy the effects of trade policy instruments such as tariffs, quotas, etc., are discussed as well as their political-economy context. In the part devoted to open-economy macroeconomics, the exchange rate determination in the short and long run is explained as well as the connection of exchange rates with price levels, money supply, balance of payment, interest rates, inflation and output.

Learning outcomes

At the end of the course, students should be able to explain:
- What are the current patterns of international trade and how have these patterns evolved over the time.
- What are the welfare gains of international trade for an economy.
- How and why international trade affects the income distribution in an economy. What are the causes of short run and long run consequences of international trade on income distribution. Who are the winners and losers of international trade.
- What are the effects of different instruments of trade policy (tariffs, quotas, etc.) on the welfare of different groups in an economy and on the welfare of an economy as a whole. Under which circumstances can trade restrictions enhance the overall welfare in an economy.
- What is the political-economy context of trade restrictions and what is the role of interest groups. Explain the concept of collective action in the context of interest groups and trade policy.
- What are the effects of various events or policy actions on the exchange rate in the short run and long run.
- How to use monetary and fiscal policy to counterbalance the business cycle in an open economy.

Syllabus

• International Trade Theory
• 1. Stylized Facts about International Trade
• 2. Labor Productivity and Comparative Advantage: The Ricardian Model
• 3. Specific Factors and Income Distribution
• 4. Resources and Trade: The Heckscher-Ohlin Model
• 5. The Standard Trade Model & External Economies of Scale and the International Location of Production
• 6. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
• International Trade Policy
• 7. The Instruments of Trade Policy
• 8. The Political Economy of Trade Policy
• 9. Trade Policy in Developing Countries & Controversies in Trade Policy
• Open-Economy Macroeconomics
• 10. Exchange Rates and the Foreign Exchange Market: An Asset Approach
• 11. Money, Interest Rates, and Exchange Rates
• 12. Price Levels and the Exchange Rate in the Long Run

Literature

required literature
• KRUGMAN, Paul R., Maurice OBSTFELD and Marc J. MELITZ. International economics : theory and policy. Tenth edition, global editio. Boston: Pearson, 2015, 785 stran. ISBN 9781292019550. info

Teaching methods

The course consists of lectures.

Assessment methods

Written test + self-correction exercises during the semester.

Language of instruction

Czech

Further Comments

Study Materials
The course is taught annually.

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Jan Čapek, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)

Guaranteed by

doc. Ing. Jan Čapek, 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

Mon 12:00–13:50 P106

Prerequisites

Previous completing of Macroeconomics 1, Microeconomics 1, and Economic Policy 1 is supposed.

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 13 fields of study the course is directly associated with, display

Course objectives

The course International Economics is divided into three parts: (i) international trade theory, (ii) international trade policy, and (iii) open-economy macroeconomics. In the part devoted to international trade theory, several trade models are presented. These models explain trade flows between economies as well as the impact of these flows on income distribution. In the part devoted to international trade policy the effects of trade policy instruments such as tariffs, quotas, etc., are discussed as well as their political-economy context. In the part devoted to open-economy macroeconomics, the exchange rate determination in the short and long run is explained as well as the connection of exchange rates with price levels, money supply, balance of payment, interest rates, inflation and output.

Learning outcomes

At the end of the course, students should be able to explain:
- What are the current patterns of international trade and how have these patterns evolved over the time.
- What are the welfare gains of international trade for an economy.
- How and why international trade affects the income distribution in an economy. What are the causes of short run and long run consequences of international trade on income distribution. Who are the winners and losers of international trade.
- What are the effects of different instruments of trade policy (tariffs, quotas, etc.) on the welfare of different groups in an economy and on the welfare of an economy as a whole. Under which circumstances can trade restrictions enhance the overall welfare in an economy.
- What is the political-economy context of trade restrictions and what is the role of interest groups. Explain the concept of collective action in the context of interest groups and trade policy.
- What are the effects of various events or policy actions on the exchange rate in the short run and long run.
- How to use monetary and fiscal policy to counterbalance the business cycle in an open economy.

Syllabus

• International Trade Theory
• 1. Stylized Facts about International Trade
• 2. Labor Productivity and Comparative Advantage: The Ricardian Model
• 3. Specific Factors and Income Distribution
• 4. Resources and Trade: The Heckscher-Ohlin Model
• 5. The Standard Trade Model & External Economies of Scale and the International Location of Production
• 6. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
• International Trade Policy
• 7. The Instruments of Trade Policy
• 8. The Political Economy of Trade Policy
• 9. Trade Policy in Developing Countries & Controversies in Trade Policy
• Open-Economy Macroeconomics
• 10. Exchange Rates and the Foreign Exchange Market: An Asset Approach
• 11. Money, Interest Rates, and Exchange Rates
• 12. Price Levels and the Exchange Rate in the Long Run

Literature

required literature
• KRUGMAN, Paul R., Maurice OBSTFELD and Marc J. MELITZ. International economics : theory and policy. Tenth edition, global editio. Boston: Pearson, 2015, 785 stran. ISBN 9781292019550. info

Teaching methods

The course consists of lectures.

Assessment methods

Written test (multiple-choice). 60% of correct answers is needed to pass the exam.

Language of instruction

Czech

Further Comments

Study Materials
The course is taught annually.

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Jan Čapek, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)

Guaranteed by

doc. Ing. Jan Čapek, 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

Mon 12:00–13:50 P106

Prerequisites

Previous completing of Macroeconomics 1, Microeconomics 1, and Economic Policy 1 is supposed.

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 13 fields of study the course is directly associated with, display

Course objectives

The course International Economics is divided into three parts: (i) international trade theory, (ii) international trade policy, and (iii) open-economy macroeconomics. In the part devoted to international trade theory, several trade models are presented. These models explain trade flows between economies as well as the impact of these flows on income distribution. In the part devoted to international trade policy the effects of trade policy instruments such as tariffs, quotas, etc., are discussed as well as their political-economy context. In the part devoted to open-economy macroeconomics, the exchange rate determination in the short and long run is explained as well as the connection of exchange rates with price levels, money supply, balance of payment, interest rates, inflation and output.

Learning outcomes

At the end of the course, students should be able to explain:

What are the current patterns of international trade and how have these patterns evolved over the time.

What are the welfare gains of international trade for an economy.

How and why international trade affects the income distribution in an economy. What are the causes of short run and long run consequences of international trade on income distribution. Who are the winners and losers of international trade.

What are the effects of different instruments of trade policy (tariffs, quotas, etc.) on the welfare of different groups in an economy and on the welfare of an economy as a whole. Under which circumstances can trade restrictions enhance the overall welfare in an economy.

What is the political-economy context of trade restrictions and what is the role of interest groups. Explain the concept of collective action in the context of interest groups and trade policy.

What are the effects of various events or policy actions on the exchange rate in the short run and long run.

How to use monetary and fiscal policy to counterbalance the business cycle in an open economy.

Syllabus

• International Trade Theory
• 1. Stylized Facts about International Trade
• 2. Labor Productivity and Comparative Advantage: The Ricardian Model
• 3. Specific Factors and Income Distribution
• 4. Resources and Trade: The Heckscher-Ohlin Model
• 5. The Standard Trade Model
• 6. External Economies of Scale and the International Location of Production
• 7. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
• International Trade Policy
• 8. The Instruments of Trade Policy
• 9. The Political Economy of Trade Policy
• 10. Trade Policy in Developing Countries
• 11. Controversies in Trade Policy
• Open-Economy Macroeconomics
• 12. Exchange Rates and the Foreign Exchange Market: An Asset Approach
• 13. Money, Interest Rates, and Exchange Rates
• 14. Price Levels and the Exchange Rate in the Long Run
• 15. Output and the Exchange Rate in the Short Run

Literature

required literature
• KRUGMAN, Paul R., Maurice OBSTFELD and Marc J. MELITZ. International economics : theory and policy. Tenth edition, global editio. Boston: Pearson, 2015, 785 stran. ISBN 9781292019550. info

Teaching methods

The course consists of lectures.

Assessment methods

Written test (multiple-choice). 60% of correct answers is needed to pass the exam.

Language of instruction

Czech

Further Comments

Study Materials
The course is taught annually.

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Mgr. Martin Slanicay, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)
doc. Ing. Jan Čapek, Ph.D. (assistant)

Guaranteed by

Mgr. Martin Slanicay, 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

Mon 12:00–13:50 P106

Prerequisites

Previous completing of Macroeconomics 1, Microeconomics 1, and Economic Policy 1 is supposed.

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 7 fields of study the course is directly associated with, display

Course objectives

The course International Economics is divided into three parts: (i) international trade theory, (ii) international trade policy, and (iii) open-economy macroeconomics. In the part devoted to international trade theory, several trade models are presented. These models explain trade flows between economies as well as the impact of these flows on income distribution. In the part devoted to international trade policy the effects of trade policy instruments such as tariffs, quotas, etc., are discussed as well as their political-economy context. In the part devoted to open-economy macroeconomics, the exchange rate determination in the short and long run is explained as well as the connection of exchange rates with price levels, money supply, balance of payment, interest rates, inflation and output.

Learning outcomes

At the end of the course, students should be able to explain:

What are the current patterns of international trade and how have these patterns evolved over the time.

What are the welfare gains of international trade for an economy.

How and why international trade affects the income distribution in an economy. What are the causes of short run and long run consequences of international trade on income distribution. Who are the winners and losers of international trade.

What are the effects of different instruments of trade policy (tariffs, quotas, etc.) on the welfare of different groups in an economy and on the welfare of an economy as a whole. Under which circumstances can trade restrictions enhance the overall welfare in an economy.

What is the political-economy context of trade restrictions and what is the role of interest groups. Explain the concept of collective action in the context of interest groups and trade policy.

What are the effects of various events or policy actions on the exchange rate in the short run and long run.

How to use monetary and fiscal policy to counterbalance the business cycle in an open economy.

Syllabus

• International Trade Theory
• 1. Stylized Facts about International Trade
• 2. Labor Productivity and Comparative Advantage: The Ricardian Model
• 3. Specific Factors and Income Distribution
• 4. Resources and Trade: The Heckscher-Ohlin Model
• 5. The Standard Trade Model
• 6. External Economies of Scale and the International Location of Production
• 7. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
• International Trade Policy
• 8. The Instruments of Trade Policy
• 9. The Political Economy of Trade Policy
• 10. Trade Policy in Developing Countries
• 11. Controversies in Trade Policy
• Open-Economy Macroeconomics
• 12. Exchange Rates and the Foreign Exchange Market: An Asset Approach
• 13. Money, Interest Rates, and Exchange Rates
• 14. Price Levels and the Exchange Rate in the Long Run
• 15. Output and the Exchange Rate in the Short Run

Literature

required literature
• KRUGMAN, Paul R., Maurice OBSTFELD and Marc J. MELITZ. International economics : theory and policy. Tenth edition, global editio. Boston: Pearson, 2015, 785 stran. ISBN 9781292019550. info

Teaching methods

The course consists of lectures.

Assessment methods

Written test (multiple-choice). 60% of correct answers is needed to pass the exam.

Language of instruction

Czech

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.
General note: Přednášky jsou dostupné online a ze záznamu.

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Mgr. Martin Slanicay, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)
doc. Ing. Jan Čapek, Ph.D. (assistant)

Guaranteed by

Mgr. Martin Slanicay, 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

Mon 12:50–14:30 P106

Prerequisites

Previous completing of Macroeconomics 1, Microeconomics 1, and Economic Policy 1 is supposed.

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 7 fields of study the course is directly associated with, display

Course objectives

The course International Economics is divided into three parts: (i) international trade theory, (ii) international trade policy, and (iii) open-economy macroeconomics. In the part devoted to international trade theory, several trade models are presented. These models explain trade flows between economies as well as the impact of these flows on income distribution. In the part devoted to international trade policy the effects of trade policy instruments such as tariffs, quotas, etc., are discussed as well as their political-economy context. In the part devoted to open-economy macroeconomics, the exchange rate determination in the short and long run is explained as well as the connection of exchange rates with price levels, money supply, balance of payment, interest rates, inflation and output.

Learning outcomes

At the end of the course, students should be able to explain:

What are the current patterns of international trade and how have these patterns evolved over the time.

What are the welfare gains of international trade for an economy.

How and why international trade affects the income distribution in an economy. What are the causes of short run and long run consequences of international trade on income distribution. Who are the winners and losers of international trade.

What are the effects of different instruments of trade policy (tariffs, quotas, etc.) on the welfare of different groups in an economy and on the welfare of an economy as a whole. Under which circumstances can trade restrictions enhance the overall welfare in an economy.

What is the political-economy context of trade restrictions and what is the role of interest groups. Explain the concept of collective action in the context of interest groups and trade policy.

What are the effects of various events or policy actions on the exchange rate in the short run and long run.

How to use monetary and fiscal policy to counterbalance the business cycle in an open economy.

Syllabus

• International Trade Theory
• 1. Stylized Facts about International Trade
• 2. Labor Productivity and Comparative Advantage: The Ricardian Model
• 3. Specific Factors and Income Distribution
• 4. Resources and Trade: The Heckscher-Ohlin Model
• 5. The Standard Trade Model
• 6. External Economies of Scale and the International Location of Production
• 7. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
• International Trade Policy
• 8. The Instruments of Trade Policy
• 9. The Political Economy of Trade Policy
• 10. Trade Policy in Developing Countries
• 11. Controversies in Trade Policy
• Open-Economy Macroeconomics
• 12. Exchange Rates and the Foreign Exchange Market: An Asset Approach
• 13. Money, Interest Rates, and Exchange Rates
• 14. Price Levels and the Exchange Rate in the Long Run
• 15. Output and the Exchange Rate in the Short Run

Literature

required literature
• KRUGMAN, Paul R., Maurice OBSTFELD and Marc J. MELITZ. International economics : theory and policy. Tenth edition, global editio. Boston: Pearson, 2015, 785 stran. ISBN 9781292019550. info

Teaching methods

The course consists of lectures.

Assessment methods

Written test (multiple-choice). 60% of correct answers is needed to pass the exam.

Language of instruction

Czech

Further Comments

Study Materials
The course is taught annually.

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Mgr. Martin Slanicay, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)

Guaranteed by

Mgr. Martin Slanicay, 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

Mon 12:50–14:30 P106

Prerequisites

! MPE_IEEK International economics
Previous completing of Macroeconomics 1, Microeconomics 1, and Economic Policy 1 is supposed.

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 7 fields of study the course is directly associated with, display

Course objectives

The course International Economics is divided into two parts: (i) international trade and (ii) open-economy macroeconomics. In the part devoted to international trade, several trade models are presented. These models explain trade flows between economies as well as the impact of these flows on income distribution. Consequently, the effects of trade policy instruments such as tariffs, quotas, etc., are discussed as well as their political-economy context. In the part devoted to open-economy macroeconomics, the exchange rate determination in the short and long run is explained as well as the connection of exchange rates with price levels, money supply, balance of payment, interest rates, inflation and output. Consequently, the issue of fixed exchange rate and the theory of optimal currency area are discussed.

Syllabus

• International Trade
• 1. Stylized Facts about International Trade
• 2. Labor Productivity and Comparative Advantage: The Ricardian Model
• 3. Specific Factors and Income Distribution
• 4. Resources and Trade: The Heckscher-Ohlin Model
• 5. The Standard Trade Model
• 6. External Economies of Scale and the International Location of Production
• 7. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
• 8. The Instruments of Trade Policy
• 9. The Political Economy of Trade Policy
• Open-Economy Macroeconomics
• 10. National Income Accounting and the Balance of Payments
• 11. Exchange Rates and the Foreign Exchange Market: An Asset Approach
• 12. Money, Interest Rates, and Exchange Rates
• 13. Price Levels and the Exchange Rate in the Long Run
• 14. Output and the Exchange Rate in the Short Run
• 15. Fixed Exchange Rates and Foreign Exchange Intervention
• 16. Optimum Currency Areas and the Euro

Literature

required literature
• KRUGMAN, Paul R., Maurice OBSTFELD and Marc J. MELITZ. International economics : theory and policy. Tenth edition, global editio. Boston: Pearson, 2015, 785 stran. ISBN 9781292019550. info

Teaching methods

The course has a form of lectures.

Assessment methods

Written test (multiple-choice). 60% of correct answers is needed to pass the exam.

Language of instruction

Czech

Further Comments

Study Materials
The course is taught annually.

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

doc. Ing. Jan Čapek, Ph.D. (lecturer)
Ing. Tomáš Paleta, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)

Guaranteed by

doc. Ing. Jan Čapek, 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

Tue 14:35–16:15 P303

Prerequisites

Economic Policy 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 7 fields of study the course is directly associated with, display

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

Syllabus

• 1. External equilibrium - balance of payments.
• 2. International trade - reasons, specialization, openness of economies, prices in international trade.
• 3. Political economy of trade policy - theory of protectionism, theory of free trade, new approaches.
• 4. Trade policy instruments I. - tariff, import quota, voluntary export restrictions, export subsidies.
• 5. Trade policy instruments II. - 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

recommended 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 and oral exam.

Language of instruction

Czech

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.
Information on course enrolment limitations: Předpokládá se absolvování předmětů Makroekonomie 1 (BPE_MAE1), Mikroekonomie 1 (BPE_MIE1) a Hospodářská politika 1 (BPE_HOP1)

Information about innovation of course.

This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Tomáš Paleta, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)
doc. Ing. Jan Čapek, Ph.D. (assistant)

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

Tue 14:35–16:15 P303

Prerequisites

! PEVHP External Economic Policy
Economic Policy 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 7 fields of study the course is directly associated with, display

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

Syllabus

• 1. External equilibrium - balance of payments.
• 2. International trade - reasons, specialization, openness of economies, prices in international trade.
• 3. Political economy of trade policy - theory of protectionism, theory of free trade, new approaches.
• 4. Trade policy instruments I. - tariff, import quota, voluntary export restrictions, export subsidies.
• 5. Trade policy instruments II. - 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

recommended 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 and oral exam.

Language of instruction

Czech

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.
General note: Nezapisují si studenti, kteří absolvovali předmět PEVHP.
Information on course enrolment limitations: Předpokládá se absolvování předmětů Makroekonomie 1 (BPE_MAE1), Mikroekonomie 1 (BPE_MIE1) a Hospodářská politika 1 (BPE_HOP1)

Information about innovation of course.

This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Tomáš Paleta, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)
doc. Ing. Jan Čapek, Ph.D. (assistant)

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

Tue 14:35–16:15 P303

Prerequisites

! PEVHP External Economic Policy
Economic Policy 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 7 fields of study the course is directly associated with, display

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

Syllabus

• 1. External equilibrium - balance of payments.
• 2. International trade - reasons, specialization, openness of economies, prices in international trade.
• 3. Political economy of trade policy - theory of protectionism, theory of free trade, new approaches.
• 4. Trade policy instruments I. - tariff, import quota, voluntary export restrictions, export subsidies.
• 5. Trade policy instruments II. - 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

recommended 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 and oral exam.

Language of instruction

Czech

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.
General note: Nezapisují si studenti, kteří absolvovali předmět PEVHP.
Information on course enrolment limitations: Předpokládá se obsolvování předmětů Makroekonomie 1 (BPE_MAE1), Mikroekonomie 1 (BPE_MIE1) a Hospodářská politika 1 (BPE_HOP1)

Information about innovation of course.

This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Tomáš Paleta, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, 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

Tue 14:35–16:15 P303

Prerequisites

! PEVHP External Economic Policy
Economic Policy 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 7 fields of study the course is directly associated with, display

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

Syllabus

• 1. External equilibrium - balance of payments.
• 2. International trade - reasons, specialization, openness of economies, prices in international trade.
• 3. Political economy of trade policy - theory of protectionism, theory of free trade, new approaches.
• 4. Trade policy instruments I. - tariff, import quota, voluntary export restrictions, export subsidies.
• 5. Trade policy instruments II. - 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

• KRUGMAN, Paul R. and Maurice OBSTFELD. International Economics : Theory and Policy [Krugman, 2000]. 5th ed. Reading: Addison-Wesley, 2000, xxx, 750,. ISBN 0-321-07727-X. info

Teaching methods

The course has a form of a lecture.

Assessment methods

The course is concluded by an written and oral exam.

Language of instruction

Czech

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.
General note: Nezapisují si studenti, kteří absolvovali předmět PEVHP.
Information on course enrolment limitations: Předpokládá se obsolvování předmětů Makroekonomie 1 (BPE_MAE1), Mikroekonomie 1 (BPE_MIE1) a Hospodářská politika 1 (BPE_HOP1)

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Tomáš Paleta, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, 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

Tue 14:35–16:15 P303

Prerequisites

! PEVHP External Economic Policy
Economic Policy 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

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

Syllabus

• 1. External equilibrium - balance of payments.
• 2. International trade - reasons, specialization, openness of economies, prices in international trade.
• 3. Political economy of trade policy - theory of protectionism, theory of free trade, new approaches.
• 4. Trade policy instruments I. - tariff, import quota, voluntary export restrictions, export subsidies.
• 5. Trade policy instruments II. - 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

• KRUGMAN, Paul R. and Maurice OBSTFELD. International Economics : Theory and Policy [Krugman, 2000]. 5th ed. Reading: Addison-Wesley, 2000, xxx, 750,. ISBN 0-321-07727-X. info

Teaching methods

The course has a form of a lecture.

Assessment methods

The course is concluded by an written and oral exam.

Language of instruction

Czech

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.
General note: Nezapisují si studenti, kteří absolvovali předmět PEVHP.

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Tomáš Paleta, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)

Guaranteed by

Ing. Tomáš Paleta, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová

Timetable

Tue 14:35–16:15 P303

Prerequisites

! PEVHP External Economic Policy
Economic Policy 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

The course External Economic Policy 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 criticize individual economic measures;
- to interpet the theory and practice of economic policy, world economy and European integration.

Syllabus

• 1. External equilibrium - balance of payments.
• 2. International trade - reasons, specialization, openness of economies, prices in international trade.
• 3. Political economy of trade policy - theory of protectionism, theory of free trade, new approaches.
• 4. Trade policy instruments I. - tariff, import quota, voluntary export restrictions, export subsidies.
• 5. Trade policy instruments II. - 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

• KRUGMAN, Paul R. and Maurice OBSTFELD. International Economics : Theory and Policy [Krugman, 2000]. 5th ed. Reading: Addison-Wesley, 2000, xxx, 750,. ISBN 0-321-07727-X. info

Teaching methods

The course has a form of a lecture.

Assessment methods

The course is concluded by an written exam.

Language of instruction

Czech

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.
General note: Nezapisují si studenti, kteří absolvovali předmět PEVHP.

MPE_MEEK International Economics

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Ing. Tomáš Paleta, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)

Guaranteed by

Ing. Tomáš Paleta, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová

Timetable

Tue 14:35–16:15 P303

Prerequisites

! PEVHP External Economic Policy
Economic Policy I

Course Enrolment Limitations

The course is offered to students of any study field.

Course objectives

The course External Economic Policy 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 criticize individual economic measures;
- to interpet the theory and practice of economic policy, world economy and European integration.

Syllabus

• 1. External equilibrium - balance of payments.
• 2. International trade - reasons, specialization, openness of economies, prices in international trade.
• 3. Political economy of trade policy - theory of protectionism, theory of free trade, new approaches.
• 4. Trade policy instruments I. - tariff, import quota, voluntary export restrictions, export subsidies.
• 5. Trade policy instruments II. - 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

• KRUGMAN, Paul R. and Maurice OBSTFELD. International Economics : Theory and Policy [Krugman, 2000]. 5th ed. Reading: Addison-Wesley, 2000, xxx, 750,. ISBN 0-321-07727-X. info

Teaching methods

The course has a form of a lecture.

Assessment methods

The course is concluded by an written exam.

Language of instruction

Czech

Further comments (probably available only in Czech)

Study Materials
The course is taught annually.
General note: Nezapisují si studenti, kteří absolvovali předmět PEVHP.

MPE_MEEK International Economics

The course is not taught in Spring 2021

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Mgr. Martin Slanicay, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)

Guaranteed by

doc. Ing. Jan Čapek, 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

Prerequisites

Previous completing of Macroeconomics 1, Microeconomics 1, and Economic Policy 1 is supposed.

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 13 fields of study the course is directly associated with, display

Course objectives

The course International Economics is divided into three parts: (i) international trade theory, (ii) international trade policy, and (iii) open-economy macroeconomics. In the part devoted to international trade theory, several trade models are presented. These models explain trade flows between economies as well as the impact of these flows on income distribution. In the part devoted to international trade policy the effects of trade policy instruments such as tariffs, quotas, etc., are discussed as well as their political-economy context. In the part devoted to open-economy macroeconomics, the exchange rate determination in the short and long run is explained as well as the connection of exchange rates with price levels, money supply, balance of payment, interest rates, inflation and output.

Learning outcomes

At the end of the course, students should be able to explain:
- What are the current patterns of international trade and how have these patterns evolved over the time.
- What are the welfare gains of international trade for an economy.
- How and why international trade affects the income distribution in an economy. What are the causes of short run and long run consequences of international trade on income distribution. Who are the winners and losers of international trade.
- What are the effects of different instruments of trade policy (tariffs, quotas, etc.) on the welfare of different groups in an economy and on the welfare of an economy as a whole. Under which circumstances can trade restrictions enhance the overall welfare in an economy.
- What is the political-economy context of trade restrictions and what is the role of interest groups. Explain the concept of collective action in the context of interest groups and trade policy.
- What are the effects of various events or policy actions on the exchange rate in the short run and long run.
- How to use monetary and fiscal policy to counterbalance the business cycle in an open economy.

Syllabus

• International Trade Theory
• 1. Stylized Facts about International Trade
• 2. Labor Productivity and Comparative Advantage: The Ricardian Model
• 3. Specific Factors and Income Distribution
• 4. Resources and Trade: The Heckscher-Ohlin Model
• 5. The Standard Trade Model & External Economies of Scale and the International Location of Production
• 6. Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises
• International Trade Policy
• 7. The Instruments of Trade Policy
• 8. The Political Economy of Trade Policy
• 9. Trade Policy in Developing Countries & Controversies in Trade Policy
• Open-Economy Macroeconomics
• 10. Exchange Rates and the Foreign Exchange Market: An Asset Approach
• 11. Money, Interest Rates, and Exchange Rates
• 12. Price Levels and the Exchange Rate in the Long Run

Literature

required literature
• KRUGMAN, Paul R., Maurice OBSTFELD and Marc J. MELITZ. International economics : theory and policy. Tenth edition, global editio. Boston: Pearson, 2015, 785 stran. ISBN 9781292019550. info

Teaching methods

The course consists of lectures.

Assessment methods

Written test (multiple-choice). 60% of correct answers is needed to pass the exam.

Language of instruction

Czech

Further comments (probably available only in Czech)

The course is taught annually.
The course is taught: every week.
Information on course enrolment limitations: Předpokládá se absolvování předmětů Makroekonomie 1 (BPE_MAE1), Mikroekonomie 1 (BPE_MIE1) a Hospodářská politika 1 (BPE_HOP1)

MPE_MEEK International Economics

The course is not taught in Spring 2020

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Mgr. Martin Slanicay, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)

Guaranteed by

doc. Ing. Jan Čapek, 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

Prerequisites

Economic Policy 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 13 fields of study the course is directly associated with, display

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

Learning outcomes

At the end of the course, students should be able to explain:

What are the current patterns of international trade and how have these patterns evolved over the time.

What are the welfare gains of international trade for an economy.

How and why international trade affects the income distribution in an economy. What are the causes of short run and long run consequences of international trade on income distribution. Who are the winners and losers of international trade.

What are the effects of different instruments of trade policy (tariffs, quotas, etc.) on the welfare of different groups in an economy and on the welfare of an economy as a whole. Under which circumstances can trade restrictions enhance the overall welfare in an economy.

What is the political-economy context of trade restrictions and what is the role of interest groups. Explain the concept of collective action in the context of interest groups and trade policy.

What are the effects of various events or policy actions on the exchange rate in the short run and long run.

How to use monetary and fiscal policy to counterbalance the business cycle in an open economy.

Syllabus

• 1. External equilibrium - balance of payments.
• 2. International trade - reasons, specialization, openness of economies, prices in international trade.
• 3. Political economy of trade policy - theory of protectionism, theory of free trade, new approaches.
• 4. Trade policy instruments I. - tariff, import quota, voluntary export restrictions, export subsidies.
• 5. Trade policy instruments II. - 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

recommended 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 and oral exam.

Language of instruction

Czech

Further comments (probably available only in Czech)

The course is taught annually.
The course is taught: every week.
Information on course enrolment limitations: Předpokládá se absolvování předmětů Makroekonomie 1 (BPE_MAE1), Mikroekonomie 1 (BPE_MIE1) a Hospodářská politika 1 (BPE_HOP1)

MPE_MEEK International Economics

The course is not taught in Spring 2019

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Mgr. Martin Slanicay, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)

Guaranteed by

doc. Ing. Jan Čapek, 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

Prerequisites

Economic Policy 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 7 fields of study the course is directly associated with, display

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

Syllabus

• 1. External equilibrium - balance of payments.
• 2. International trade - reasons, specialization, openness of economies, prices in international trade.
• 3. Political economy of trade policy - theory of protectionism, theory of free trade, new approaches.
• 4. Trade policy instruments I. - tariff, import quota, voluntary export restrictions, export subsidies.
• 5. Trade policy instruments II. - 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

recommended 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 and oral exam.

Language of instruction

Czech

Further comments (probably available only in Czech)

The course is taught annually.
The course is taught: every week.
General note: Přednášky jsou dostupné online a ze záznamu.
Information on course enrolment limitations: Předpokládá se absolvování předmětů Makroekonomie 1 (BPE_MAE1), Mikroekonomie 1 (BPE_MIE1) a Hospodářská politika 1 (BPE_HOP1)

MPE_MEEK International Economics

The course is not taught in Spring 2018

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Mgr. Martin Slanicay, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)

Guaranteed by

doc. Ing. Jan Čapek, 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

Prerequisites

Economic Policy 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 7 fields of study the course is directly associated with, display

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

Syllabus

• 1. External equilibrium - balance of payments.
• 2. International trade - reasons, specialization, openness of economies, prices in international trade.
• 3. Political economy of trade policy - theory of protectionism, theory of free trade, new approaches.
• 4. Trade policy instruments I. - tariff, import quota, voluntary export restrictions, export subsidies.
• 5. Trade policy instruments II. - 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

recommended 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 and oral exam.

Language of instruction

Czech

Further comments (probably available only in Czech)

The course is taught annually.
The course is taught: every week.
Information on course enrolment limitations: Předpokládá se absolvování předmětů Makroekonomie 1 (BPE_MAE1), Mikroekonomie 1 (BPE_MIE1) a Hospodářská politika 1 (BPE_HOP1)

MPE_MEEK International Economics

The course is not taught in Spring 2017

Extent and Intensity

2/0/0. 4 credit(s). Type of Completion: zk (examination).

Teacher(s)

Mgr. Martin Slanicay, Ph.D. (lecturer)
prof. Ing. Martin Kvizda, Ph.D. (lecturer)

Guaranteed by

doc. Ing. Jan Čapek, 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

Prerequisites

Economic Policy 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 7 fields of study the course is directly associated with, display

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

Syllabus

• 1. External equilibrium - balance of payments.
• 2. International trade - reasons, specialization, openness of economies, prices in international trade.
• 3. Political economy of trade policy - theory of protectionism, theory of free trade, new approaches.
• 4. Trade policy instruments I. - tariff, import quota, voluntary export restrictions, export subsidies.
• 5. Trade policy instruments II. - 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

recommended 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 and oral exam.

Language of instruction

Czech

Further comments (probably available only in Czech)

The course is taught annually.
The course is taught: every week.
Information on course enrolment limitations: Předpokládá se absolvování předmětů Makroekonomie 1 (BPE_MAE1), Mikroekonomie 1 (BPE_MIE1) a Hospodářská politika 1 (BPE_HOP1)

• Enrolment Statistics (recent)