Кто читает:: Кафедра экономической теории и эконометрики (Нижний Новгород) (Факультет экономики НИУ ВШЭ (Нижний Новгород))

Статус:: Курс по выбору

Когда читается:: 4-й курс, 3 модуль

Преподаватель

Голованова Светлана Викторовна

Full Syllabus

Abstract

The discipline International Economics; is aimed at students gaining knowledge in the field of international trade and financial relations. As a result of mastering the discipline, the student will know the basic concepts and categories used in international trade and financial relations; patterns of functioning of the modern world economy at the micro and macro levels; main forms of integration processes and current trends in international economic integration in the context of increasing globalization and regionalization of the world economy; approaches to the study of the conditions of specific commodity markets, questions of the formation and determination of the price level on world commodity markets, methods for assessing the current situation on the market; mechanism and features of pricing in world markets.

Learning Objectives

students studying the basic principles, trends and patterns of the world economy and forms of foreign economic cooperation between countries
the development of students' skills in the qualitative and quantitative analysis of the most important economic processes and trends in the development of international economic relations
the formation of students' skills of independent work with literature, electronic resources and Internet sources
the formation of a comprehensive understanding among students about international economic relations as a global system of interconnections covering the world economy

Expected Learning Outcomes

Has an idea of integration processes in the global economy
Understands the patterns of international trade relations development, the role of trade restrictions in their relationship. Solves problems on the topic.
Understand the mechanism of functioning of the world currency market.
Knows the structure of the Balance of Payments and is able to analyze changes in the volume of international payments in the context of articles of the Balance of Payments.
Knows the main determinants of exchange rates, understands the role of expectations.
Knows the concept of an optimum range of a single currency, understands the role of monetary policy in ensuring the international competitiveness of the country.

Course Contents

Globalization. Regional integration
Strengthening the relationship between countries and societies. Preconditions for globalization, new risks. Regional integration: signs, objectives, contradictions. Stage of regional integration. The largest integration groups
International trade relations. Foreign trade restrictions. Trade wars
International exchange of goods. Tools of trade regulation. Trade / tariff wars. The role of the GATT and the WTO in preventing tariff wars.
Currency market. Currency regimes. International Currency Systems
The main agents of the currency market. Currency Modes
Balance of payments. Payment balance
Purpose and structure of the Balance of Payments. Net international investment position.
Determinants of the exchange rate. The role of expectations.
Monetary model: effects of monetary shocks, real income growth. The Role of Expectations. The Dornbusch Model: Simulation of Short-Term Exchange Rates.
The optimal coverage of a single currency. Currency wars, speculative attacks on the exchange rate
Theory of optimal currency zones. Currency crises. The model of the first generation of currency crises based on the monetary model with flexible prices. Calculation of the moment of speculative attack.

Assessment Elements

Seminar activity
Test
Homework
Exam
Итоговый контроль в 2019/2020 учебном году состоялся в 3 модуле

Interim Assessment

Interim assessment (3 module)
0.3 * Exam + 0.2 * Homework + 0.2 * Seminar activity + 0.3 * Test

Bibliography

Recommended Core Bibliography

Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2015). International Economics: Theory and Policy, Global Edition (Vol. Tenth edition, global edition). Boston: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1419045

Recommended Additional Bibliography

Mohtadi, Sh. A Guide to International Economics / Shahruz Mohtadi. – New York: Business Expert press, 2017. – 147 p. – (Economics and Public Policy Collection / ed. by Philip J. Romero, Jeffrey A. Edwards). - Текст: электронный // DB ProQuest Ebook Central (ebrary) [сайт]. – URL: https://ebookcentral.proquest.com/lib/hselibrary-ebooks/reader.action?docID=5781051&query=International%2BEconomics

Бакалаврская программа «Экономика»

International Economics