International Economics (SBUEK_247)
About Study Course
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.
Prerequisites
Basic knowledge of economics.
Learning outcomes
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.
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.
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.
Study course planning
| Study programme | Study semester | Program level | Study course category | Lecturers | Schedule |
|---|---|---|---|---|---|
| Elective courses, C-kursi | 1 | Free choice |
