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Lecturer(s)
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Kovárník Pavel, JUDr. Ing. Ph.D.
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Course content
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Introduction to International Trade Theory The Ricardian Model, Specific Factors and Income Distribution The Heckscher-Ohlin Model, The Standard Trade Model External Economies of Scale, Firms in the Global Economy The Instruments and Political Economy of Trade Policy Trade Policy in Developing Countries, Controversies in Trade Policy National Income Accounting and the Balance of Payments Exchange Rates: An Asset Approach, Money, Interest Rates, and Exchange Rates Price Levels and the Exchange Rate in the Long Run Output and the Exchange Rate in the Short Run, Fixed Exchange Rates International Monetary Systems, Optimum Currency Areas and the European Experience Financial Globalization: Opportunity and Crisis, Developing Countries: Growth, Crisis, and Reform
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Learning activities and teaching methods
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Interactive lecture, Task-based study method, Textual studies, Practicum
- Contact hours
- 39 hours per semester
- Undergraduate study programme term essay (20-40)
- 35 hours per semester
- Preparation for an examination (30-60)
- 56 hours per semester
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| prerequisite |
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| Knowledge |
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| explain fundamental macroeconomic variables |
| explain fundamental microeconomic variables |
| explain the basic microeconomic models |
| explain the basic macroeconomic models |
| describe the principles of partial markets' working |
| describe the principles of the national economy working, including the interactions with foreign |
| Skills |
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| interpret the values of microeconomic and macroeconomic variables |
| distinguish the basic microeconomic and macroeconomic approaches according to their assumptions |
| estimate the change in behavior of microeconomic subjects or macroeconomics system with respect to the change of the parameter of the model |
| Competences |
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| N/A |
| N/A |
| learning outcomes |
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| Knowledge |
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| explain the basic open economy theories |
| classify theories according to their initial assumptions |
| Skills |
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| apply theoretical knowledge on a test economics situation, |
| estimate the reaction of an open economy when the initial parameters of the model has been changed |
| Competences |
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| N/A |
| teaching methods |
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| Knowledge |
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| Interactive lecture |
| Textual studies |
| Skills |
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| Practicum |
| Task-based study method |
| Competences |
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| Lecture |
| Practicum |
| Self-study of literature |
| assessment methods |
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| Knowledge |
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| Combined exam |
| Skills |
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| Seminar work |
| Competences |
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| Seminar work |
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Recommended literature
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Appleyard, Dennis R. International Economics. 2. vydání. USA : Irwin, 1995. ISBN 0-256-14365-X.
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Feenstra, Robert C.; Taylor, Alan M. International economics. 2nd ed. New York : Worth Publishers, 2012. ISBN 978-1-4292-3118-3.
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KRUGMAN, P.; OBSTFELD, M. International Economics: Theory and Policy - 7 th Edition. Addison Wesley. ISBN 0321293835.
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Salvatore, Dominick. International economics. 2nd ed. Macmillan Publishing : New York, 1987. ISBN 0-02-405360-0.
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