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').
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. Know, understand and demonstrate the ability to formulate and apply a range of methods and techniques of economic analysis that are key to understanding the workings of the economic mechanism at a global level (PILO 1a, 2b).
2. Have an in-depth systematic understanding of key concepts in international trends and economic analysis and be able to anticipate developments in the international environment (PILO 2a, 3b).
3. Is aware of ethical dilemmas in the contemporary economic system and be proactive in finding solutions to them, particularly in the context of acting responsibly and addressing global socio-economic problems (PILO 4c).
4. Is able to critically analyse complex and sometimes contradictory phenomena in the field of contemporary economic systems and be able to explain the results of the analysis in a comprehensible manner (PILO 3a, 3b).
5. Is able to critically synthesise information from the global environment and develop innovative approaches to address the major socio-economic challenges of the world, taking into account both the theoretical and practical value of their findings for firms, individuals and society (PILO 1a).
6. Demonstrate independence and originality in analysing and solving complex socio-economic challenges in the international environment and be able to make decisions in uncertain and complex situations (PILO 4a, 4b).
7. Master the skills to operate in complex and unpredictable circumstances, following best practice and professional standards, to ensure the sustainable and ethical development of society and the individual (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. Know, understand and demonstrate the ability to formulate and apply a range of methods and techniques of economic analysis that are key to understanding the workings of the economic mechanism at a global level (PILO 1a, 2b).
2. Have an in-depth systematic understanding of key concepts in international trends and economic analysis and be able to anticipate developments in the international environment (PILO 2a, 3b).
3. Is aware of ethical dilemmas in the contemporary economic system and be proactive in finding solutions to them, particularly in the context of acting responsibly and addressing global socio-economic problems (PILO 4c).
4. Is able to critically analyse complex and sometimes contradictory phenomena in the field of contemporary economic systems and be able to explain the results of the analysis in a comprehensible manner (PILO 3a, 3b).
5. Is able to critically synthesise information from the global environment and develop innovative approaches to address the major socio-economic challenges of the world, taking into account both the theoretical and practical value of their findings for firms, individuals and society (PILO 1a).
6. Demonstrate independence and originality in analysing and solving complex socio-economic challenges in the international environment and be able to make decisions in uncertain and complex situations (PILO 4a, 4b).
7. Master the skills to operate in complex and unpredictable circumstances, following best practice and professional standards, to ensure the sustainable and ethical development of society and the individual (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
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 seminar paper
active cooperation at lectures and tutorials
Written exam - Individual written exam
Seminar paper: writing and presenting of seminar paper
Active cooperation at lectures and tutorials: short tasks based on case studies
