Objectives and competences
Main course objective is to acquaint students with concepts of contemporary world economic trends analysis, clarification of teoretical framework and in continuation its applicative use on different case studies and practical analysis of world economic trends.
Content (Syllabus outline)
The content of the course focuses on two areas that are meaningfully integrated into a useful whole. On the one hand, the student learns the most important concepts in international economics (world economic growth, prices, employment, commodity markets, international capital flows, production, investment, balance of payments, interest rates, country risk, etc.) and, on the other hand, the basic tools and instruments of economic analysis. The basic content is thus developed through concepts such as: the calculation of the main macroeconomic indicators, their meaning, functional dependencies, relativity analysis, international economic trends and the forecasting of economic trends. The course has a strong application orientation, since the content, although formally structured on theoretical foundations, gives priority to the discussion of practical examples and current developments in the dynamic global environment ('case studies'). Critical insights into the ethical, social and environmental aspects of the responsibilities of economic policy makers and economic operators are meaningfully integrated into the content.
Learning and teaching methods
- Interactive lectures with and group discussions.
- Practical tutorial based on case studies.
- Independent research and critical study of materials.
- Practice of communication skills through presentations.
Intended learning outcomes - knowledge and understanding
Students in this course:
1. The student designs and uses methods and techniques of economic analysis that are key to understanding the functioning of the economic mechanism at the global level (PILO 1a, 2b).
2. The student understands and interprets key concepts in the field of international movements and economic analysis and predicts trends and developments in the international environment (PILO 2a, 3b).
3. The student recognizes ethical dilemmas in the modern economic system and proposes proactive solutions for responsible behavior and addressing global socio-economic problems (PILO 4c).
4. The student critically analyzes complex phenomena in modern economic systems and explains results of the analyses (PILO 3a, 3b).
5. The student synthesizes information coming from the global environment and develops innovative approaches to solving important socio-economic challenges of the modern world, taking into account both the theoretical and practical value of his findings for companies, individuals and society (PILO 1a).
6. The student independently analyzes and solves complex economic challenges of the environment and demonstrates independence and originality in making decisions in uncertain and complex situations (PILO 4a, 4b).
7. The student operates in complex circumstances and ensures sustainable and ethical development of society, in accordance with professional standards (PILO 4b, 2b).
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Intended learning outcomes - transferable/key skills and other attributes
Students in this course:
1. The student designs and uses methods and techniques of economic analysis that are key to understanding the functioning of the economic mechanism at the global level (PILO 1a, 2b).
2. The student understands and interprets key concepts in the field of international movements and economic analysis and predicts trends and developments in the international environment (PILO 2a, 3b).
3. The student recognizes ethical dilemmas in the modern economic system and proposes proactive solutions for responsible behavior and addressing global socio-economic problems (PILO 4c).
4. The student critically analyzes complex phenomena in modern economic systems and explains results of the analyses (PILO 3a, 3b).
5. The student synthesizes information coming from the global environment and develops innovative approaches to solving important socio-economic challenges of the modern world, taking into account both the theoretical and practical value of his findings for companies, individuals and society (PILO 1a).
6. The student independently analyzes and solves complex economic challenges of the environment and demonstrates independence and originality in making decisions in uncertain and complex situations (PILO 4a, 4b).
7. The student operates in complex circumstances and ensures sustainable and ethical development of society, in accordance with professional standards (PILO 4b, 2b).
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Readings
Obvezna študijska literatura (Compulsory textbooks):
1. Bajt, A., Štiblar, F. (2002);«Ekonomija, ekonomska analiza in politika«, GV založba
2. Bajt, A., Štiblar, F. (2002): »Statistika za družboslovce«, GV Založba
3. Pfajfar, L. (2014); »Osnovna ekonometrija«, EF Ljubljana
4. BESSA VILELA, Noemia, CASTIHLOS, Daniela Serra, MURPHY, Anthony, OPLOTNIK, Žan. EU’s “Fit for 55” plan, its economic impact and intergovernmental perspective. Journal of infrastructure, policy and development. 2024, vol. 8, iss. 9, article id 8445, str. 1-13, ilustr. ISSN 2572-7931. https://systems.enpress-publisher.com/index.php/jipd/article/view/8445, DOI: 10.24294/jipd.v8i9.8445. [COBISS.SI-ID 209813763],
Dopolnilni viri (Additional textbooks):
1. Prosto dostopna aktualna literatura strokovnega in znanstvenega značaja (revije, članki, ipd)
2. Prosto dostopne baze podatkov: Eurostat, IMF, WB, etc
Additional information on implementation and assessment Written exam - Individual written exam
Seminar paper: writing and presenting of seminar paper
in-class participation: short tasks based on case studies
