Lecturer(s)
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Kocourek Aleš, doc. Ing. Ph.D.
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Bednářová Pavla, doc. PhDr. Ing. Ph.D.
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Course content
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1) Subject of world economy and its position in the system of economic science 2) Main features and trends in globalised world economy 3) International trade and theory of absolute and comparative advantages 4) International financial and capital relationships 5) Exchange rates and international financial and trade organizations 6) Concept of new international financial architecture 7) Selected global problems in the present world economy 8) World economic centres - comparison 9) Functional and institutional concept of integration 10) Development of economic integration in Europe 11) Economic and monetary union and the issue of involvement of other European countries 12) Characteristics of the U.S. economy and its development 13) Peculiarities of the economic development of Japan and China 14) Position of the Czech Republic in world economy
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Learning activities and teaching methods
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Monological explanation (lecture, presentation,briefing), Self-study (text study, reading, problematic tasks, practical tasks, experiments, research, written assignments), Lecture, E-learning, Students' self-study
- Class attendance
- 42 hours per semester
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Learning outcomes
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Changes and trends in the world economy, globalization, international institutions, economic centres and global problems. Lectures: 1. Evolution of the World Economy (WE) 2. Countries and regions in the WE 3. Challenges of globalization 4. International economic relations and institutions 5. International trade and capital flows 6. Global economic inequality and indebtedness 7. Offshoring, outsourcing and migration 8. Regional financial crises and turbulencies 9. Exchange rate regimes 10. Energy crisis and oil prices 11. U. S. versus Euro-area economies 12. Economic develpoment of Japan, China and India 13. Problems of managing the WE Recommended literature
Students obtain knowledge in given course in accordance with requirements and course programme.
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Prerequisites
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The prerequisite is knowledge in the range of Microeconomics 1 and Macroeconomics 1.
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Assessment methods and criteria
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Combined examination
written test with an oral exam
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Recommended literature
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BOWLES, Samuel, Wendy CARLIN, and Margaret STEVENS. The Economy: Economics for a Changing World.. Oxford, UK, 2017. ISBN 9780198810247.
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KRUGMAN, P. R., M. OBSTFELD, and M. J. MERLITZ. International Economics: Theory and Policy. 11th Ed. Boston, USA, 2014. ISBN 978-1-292-21487-0.
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STIGLITZ, Joseph E. Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump. New York, NY, USA, 2017. ISBN 9780393355161.
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STUTZ, Frederick P. and Barney WARF. The World Economy: Geography, Business, Development.. London, UK, 2011. ISBN 9780321722508.
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