International Economics

Study Course Description

Course Description Statuss:Approved

Course Description Version:2.00

Study Course Accepted:02.02.2024 12:30:41

Study Course Information
Course Code:		SBUEK_247		LQF level:		Level 6
Credit Points:		2.00		ECTS:		3.00
Branch of Science:		Economics; Regional Economics		Target Audience:		Sociology; Information and Communication Science; Political Science; Communication Science; Juridical Science; Marketing and Advertising; Business Management; Social Anthropology; Social Welfare and Social Work; Pedagogy; Public Health
Study Course Supervisor
Course Supervisor:		Tatjana Boikova
Study Course Implementer
Structural Unit:		Faculty of Social Sciences
The Head of Structural Unit:
Contacts:		Dzirciema street 16, Rīga, szfrsu[pnkts]lv
Study Course Planning
Full-Time - Semester No.1
Lectures (count)		8	Lecture Length (academic hours)		2	Total Contact Hours of Lectures		16
Classes (count)		8	Class Length (academic hours)		2	Total Contact Hours of Classes		16
Total Contact Hours								32
Part-Time - Semester No.1
Lectures (count)		3	Lecture Length (academic hours)		2	Total Contact Hours of Lectures		6
Classes (count)		5	Class Length (academic hours)		2	Total Contact Hours of Classes		10
Total Contact Hours								16
Study course description
Preliminary Knowledge:
Basic knowledge of economics.
Objective:
The aim of the course is to provide students with knowledge relative to global trends in international trade and finance and to guide students to the comprehensive understanding any information about the world economy development.
Topic Layout (Full-Time)
No.	Topic			Type of Implementation		Number	Venue
1	Globalisation and Trends in International Production and Trade			Lectures		1.00	auditorium
				Classes		1.00	auditorium
2	The Classical Models of International Trade			Lectures		1.00	auditorium
				Classes		1.00	auditorium
3	Factor Endowments and the Commodity Composition of Trade			Lectures		1.00	auditorium
				Classes		1.00	auditorium
4	International Trade Policy			Lectures		1.00	auditorium
				Classes		1.00	auditorium
5	The Balance of Payments			Lectures		1.00	auditorium
				Classes		1.00	auditorium
6	International Movements of Capital			Lectures		1.00	auditorium
				Classes		1.00	auditorium
7	The Foreign Exchange Market			Lectures		1.00	auditorium
				Classes		1.00	auditorium
8	The EU Issues in the World Economy			Lectures		1.00	auditorium
				Classes		1.00	auditorium
Topic Layout (Part-Time)
No.	Topic			Type of Implementation		Number	Venue
1	Globalisation and Trends in International Production and Trade			Lectures		1.00	auditorium
2	The Classical Models of International Trade			Classes		1.00	auditorium
3	Factor Endowments and the Commodity Composition of Trade			Classes		1.00	auditorium
4	International Trade Policy			Classes		1.00	auditorium
5	The Balance of Payments			Lectures		1.00	auditorium
6	International Movements of Capital			Classes		1.00	auditorium
7	The Foreign Exchange Market			Classes		1.00	auditorium
8	The EU Issues in the World Economy			Lectures		1.00	auditorium
Assessment
Unaided Work:
Work with literature; data search, analysis of literature sources; case studies analysis. In order to evaluate the quality of the study course as a whole, the student must fill out the study course evaluation questionnaire on the Student Portal.
Assessment Criteria:
Activity during interactive lectures – 60%; Exam – 40%.
Final Examination (Full-Time):		Exam (Written)
Final Examination (Part-Time):		Exam (Written)
Learning Outcomes
Knowledge:		This course covers the current developments in world economy, including international trade, international movements of capital, and the international finance. The course introduces students to the logic and method of open economy model analysis and considers trade models, commercial policy and open-economy macroeconomic policies. The course focuses on the institutions of the global economy, regional trade agreements, discussion of the costs and benefits of such arrangements.
Skills:		Students will get the following skills: • to analyse various strategies of economic development in terms of globalisation; • to assess the models of international trade; • to find the effective instruments of international trade policy and regional trade agreements; • to explain equilibrium in the foreign exchange market; • to measure the effects of capital flows.
Competencies:		Students will be able to analyse the world economy development issues, to reveal the differences between intraindustry trade and interindustry trade and to describe the effects of tariffs and nontariff barriers to trade, how tariffs protect domestic industries from foreign competition, to understand how changes in the exchange rate affect output and the price level to integrate local and global perspectives into a business strategy.
Bibliography
No.	Reference
Required Reading
1	Pugel T. International Economics. 18th Edition. McGrawHill, 2023
2	Komlos J. Foundations of Real-World Economics: What Every Economics Student Needs to Know. 2nd Edition. Routledge, 2019
3	Appleyard D. and Field A. International Economics. 9th Edition. McGrawHill, 2017
Additional Reading
1	Thompson H. International Economics. Global Markets and Competition. 4th Edition. World Scientific, 2017
2	Lothian J.R. Essays in International Money and Finance. World Scientific, 2017
Other Information Sources
1	http://www.heritage.org/index