Objectives and competences
Systematically enhance their theoretical and empirical knowledge in the field of international trade and global economic environment, mobility of production factors.
Content (Syllabus outline)
1. Overview of classical trade theories
2. Specific factors and income distribution
3. The standard trade model
4. Movement of production factors between countries
5. New trade theory: imperfect competition and non-
homogeneous goods in international trade
6. International firms and trade
7. Economic growth and international trade
8. Exchange rate, prices, purchasing power parity: theory and empirical overview
Learning and teaching methods
lectures;
- discussion of the seminar papers;
- teachers' consultations;
- self study with literature.
Intended learning outcomes - knowledge and understanding
In this course students (CILOs):
1. Have depth and systematic understanding of knowledge in analysis of international macroeconomics, focusing on analysis and study of price parity conditions in international trade. (PILO 1a)
2. Systematically enhance their theoretical and empirical knowledge in the field of international monetary economics. (PILO 2a)
3. Gain the ability to apply empirical techniques for analysing the validity of purchasing power parity for selected economies. (PILO 1a, PILO 2a)
4. Gain the ability to apply their theoretical knowledge in advanced practical problems in international economics. (PILO 1a, PILO 2a)
5. Acquire the ability to search for and synthesise new information in the field of international flows of goods/services/capital in the theoretical and empirical literature and to place it in an appropriate professional context. (PILO 3a, PILO 3b)
6. Can select appropriate empirical techniques for complex problem solving and are able to evaluate the reliability, validity and significance of estimated results of theoretical models in international economics. (PILO 1a, PILO 2a)
7. Are aware of personal ethical and professional responsibility in applied international economics. (PILO 4a)
8. They are capable to apply the selected research metodology for time series analysis, particularly for testing the validity of purchasing power parity and can interpret the results derived from this methodology. (PILO 2a, PILO 2b)
9. They can synthesise findings from the research and they can utilise the knowledge, especially in understanding price parity conditions in international macroeconomics. (PILO 3a, PILO 3b, PILO 4a)
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
In this course students (CILOs):
1. Have depth and systematic understanding of knowledge in analysis of international macroeconomics, focusing on analysis and study of price parity conditions in international trade. (PILO 1a)
2. Systematically enhance their theoretical and empirical knowledge in the field of international monetary economics. (PILO 2a)
3. Gain the ability to apply empirical techniques for analysing the validity of purchasing power parity for selected economies. (PILO 1a, PILO 2a)
4. Gain the ability to apply their theoretical knowledge in advanced practical problems in international economics. (PILO 1a, PILO 2a)
5. Acquire the ability to search for and synthesise new information in the field of international flows of goods/services/capital in the theoretical and empirical literature and to place it in an appropriate professional context. (PILO 3a, PILO 3b)
6. Can select appropriate empirical techniques for complex problem solving and are able to evaluate the reliability, validity and significance of estimated results of theoretical models in international economics. (PILO 1a, PILO 2a)
7. Are aware of personal ethical and professional responsibility in applied international economics. (PILO 4a)
8. They are capable to apply the selected research metodology for time series analysis, particularly for testing the validity of purchasing power parity and can interpret the results derived from this methodology. (PILO 2a, PILO 2b)
9. They can synthesise findings from the research and they can utilise the knowledge, especially in understanding price parity conditions in international macroeconomics. (PILO 3a, PILO 3b, PILO 4a)
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
Borkakoti, Jitendralal. 1998. International Trade: Causes and Consequences. An Empirical and Theoretical Text. London: Macmillan Press.
Krugman, R. Paul, Obstfeld Maurice in Melitz Marc. 2018. International Economics: Theory and Policy. London: Pearson. Eleventh Edition.
Feenstra, Robert C. in Taylor, Alan M. 2017. International Trade. New York: Macmillan Learning. Fourth Edition.
Marrewijk Van Charles. 2012. International Economics. Theory, Application, and Policy. Oxford: Oxford University Press.
Additional information on implementation and assessment Course paper;
Final exam.
Course paper - individually written course paper with oral defence
Final exam - Written exam with at least one question from each basic theoretical chapter
