International Economics

2022/2023

Academic Year

ENG

Instruction in English

4

ECTS credits

Delivered at:

Department of Economic Theory and Econometrics (Faculty of Economics)

Course type:

Elective course

When:

4 year, 3 module

Instructor

Ливанова Елена Юрьевна

Course 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 dynamics of integration processes in the global economy
• Understand 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 optimal range of a single currency, understands the role of monetary policy in ensuring the international competitiveness of the country

Course Contents

• Globalization. Regional integration
• International trade relations. Foreign trade restrictions. Trade wars
• Currency market. Currency regimes. International Currency Systems
• Balance of payments. Payment balance
• Determinants of the exchange rate. The role of expectations.
• The optimal coverage of a single currency. Currency wars, speculative attacks on the exchange rate

Assessment Elements

• Seminar activity
• Test
• Homework
• Exam

Interim Assessment

• 2022/2023 3rd module
  0.3 * Exam + 0.2 * Test + 0.3 * Homework + 0.2 * Seminar activity

Bibliography

Recommended Core Bibliography

• Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2018). International Economics: Theory and Policy, Global Edition (Vol. Eleventh edition). New York: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1649946

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

Authors

• TELEZHKINA MARINA SERGEEVNA
• LEONOVA LYUDMILA ARKADEVNA
• GOLOVANOVA SVETLANA VIKTOROVNA