114-0309/02 – Developing Countries Economics (ERZ)

Gurantor departmentDepartment of EconomicsCredits4
Subject guarantordoc. Ing. Martin Hodula, Ph.D.Subject version guarantordoc. Ing. Martin Hodula, Ph.D.
Study levelundergraduate or graduateRequirementChoice-compulsory
Year2Semestersummer
Study languageCzech
Year of introduction2011/2012Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
HOD063 doc. Ing. Martin Hodula, Ph.D.
LOK02 Ing. Aleš Lokaj, Ph.D.
NGO0008 Ing. Ngoc Anh Ngo, BA
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit 2+1

Subject aims expressed by acquired skills and competences

To acquaint students with the functioning of developing economies and their specifics through the lens of macroeconomic and empirical models. To acquire the ability to analyze a specific problem in a concrete model framework. Completion of the subject should better prepare the student for the economic influences of the contemporary globalized world, both in the field of foreign trade and in the field of international capital operations.

Teaching methods

Lectures
Seminars

Summary

What is the cause of the huge differences in income levels and economic growth around the world? What prevents developing countries from reaching a higher level of development? What are the most important drivers of economic growth and what policies have the greatest potential to reduce poverty and increase the well-being of people in the developing world? This course covers the following topics: general patterns of development around the world, theories of economic growth, the role of international institutions, economic policy, global public goods, foreign aid, social program evaluation, microfinance, and international migration.

Compulsory literature:

ADAMCOVÁ, Lenka a Tereza NĚMEČKOVÁ. Rozvojová ekonomika. Praha: OECONOMICA, 2012. ISBN 9788024515151. PIKETTY, Thomas. Kapitál v 21. století. Přeložil Jana CHARTIER. Praha: Knižní klub, 2015. Universum. ISBN 978-80-242-4870-7. PIKETTY, Thomas. The Economics of Inequality. Přeložil Arthur GOLDHAMMER. Cambridge, United Kingdom: The Belknap Press of Harvard University Press, 2015. ISBN 978-0-674-50480-6.

Recommended literature:

BANERJEE, Abhijit and Esther DUFLO. Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty. Public Affairs, 2011. COLLINS, Daryl, Jonathan MORDUCH, Stuart RUTHERFORD, and Orlanda RUTHVEN. Portfolios of the Poor: How the World's Poor Live on $2 a Day. Princeton University Press, 2009. Easterly, William, The Elusive Quest for Growth. MIT Press, 2001. CHANCEL, Lucas, PIKETTY, Thomas, SAEZ, Emmanuel a Gabriel ZUCMAN, eds. World Inequality Report 2022. Harvard University Press, 2022.

Way of continuous check of knowledge in the course of semester

Seminar work presentation, final test.

E-learning

Other requirements

Active participation in seminars, study of recommended literature. Students with ISP have the same conditions for completing the course as full-time students.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Introduction to the study. Setting the conditions for completing the course. Analysis of the literature, assignment of a seminar paper. 2. Definition and categorization of developing countries (hereinafter referred to as RZ). 3. Theory of developing economies. Basic models of movement of labor and capital. Analysis of the "primary economy" through the lens of the Two-gap model. 4. Sector analysis of RZ. Economic development and position of RZ in the world economy. 5. Oil shocks and their effect on RZ. Development of oil prices and oil shocks from a historical perspective. Oil shock in the AS-AD model. Implications for the balance of payments of oil importing and exporting countries. 6.-7. International trade of RZ in the context of the two-gap model. International trade in the two-gap model. Exchange rate and balance of payments theory as a tool of analysis. The impact of the Covid-19 shock on RZ. 8.-9. Capital flows of RZ. Basic model of capital movement. Capital flows to RZ. Analysis of the impact of the Global Financial Crisis 2007-2009 on RZ. 10. Migration and its influence on the status of developing countries. 11.-12.. Regional integration processes in RZ. Basic integration grouping. The role of industrialization in the regional integration of RZ. 13.-14. Historical and current debt problems at RZ. The issue of excessive debt, the debt Laffer curve and related theoretical concepts of government debt. Three-gap model. RZ debt relief process

Conditions for subject completion

Full-time form (validity from: 2013/2014 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of pointsMax. počet pokusů
Exercises evaluation Credit 85  85 3
Mandatory attendence participation: not specified

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Conditions for subject completion and attendance at the exercises within ISP:

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Occurrence in study plans

Academic yearProgrammeBranch/spec.Spec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2024/2025 (B0311A050004) Applied Economics (S01) International Economic Relations P Czech Ostrava 3 Compulsory study plan
2024/2025 (B0412A050005) Finance P Czech Ostrava 2 Choice-compulsory type B study plan
2024/2025 (B0311EKF016) Economics P Czech Ostrava 1 Compulsory study plan
2023/2024 (B0311A050004) Applied Economics (S01) International Economic Relations P Czech Ostrava 3 Compulsory study plan
2023/2024 (B0412A050005) Finance P Czech Ostrava 2 Choice-compulsory type B study plan
2023/2024 (B0311EKF016) Economics P Czech Ostrava 1 Compulsory study plan
2022/2023 (B0311A050004) Applied Economics (S01) International Economic Relations P Czech Ostrava 3 Compulsory study plan
2022/2023 (B0412A050005) Finance P Czech Ostrava 2 Choice-compulsory type B study plan
2021/2022 (B0311A050004) Applied Economics (S01) International Economic Relations P Czech Ostrava 3 Compulsory study plan
2021/2022 (B0412A050005) Finance P Czech Ostrava 2 Choice-compulsory type B study plan
2020/2021 (B0311A050004) Applied Economics (S01) International Economic Relations P Czech Ostrava 3 Compulsory study plan
2020/2021 (B0412A050005) Finance P Czech Ostrava 2 Choice-compulsory type B study plan
2020/2021 (B6202) Economic Policy and Administration (6210R004) European Integration P Czech Ostrava 3 Choice-compulsory study plan
2019/2020 (B6202) Economic Policy and Administration (6210R004) European Integration P Czech Ostrava 3 Choice-compulsory study plan
2019/2020 (B6202) Economic Policy and Administration (6202R010) Finance P Czech Ostrava 2 Choice-compulsory study plan
2019/2020 (B6202) Economic Policy and Administration (6202R027) National Economy P Czech Ostrava Choice-compulsory study plan
2019/2020 (B0311A050004) Applied Economics (S01) International Economic Relations P Czech Ostrava 3 Compulsory study plan
2019/2020 (B0412A050005) Finance P Czech Ostrava 2 Choice-compulsory type B study plan
2018/2019 (B6202) Economic Policy and Administration (6202R010) Finance P Czech Ostrava 2 Choice-compulsory study plan
2018/2019 (B6202) Economic Policy and Administration (6202R027) National Economy P Czech Ostrava Choice-compulsory study plan
2018/2019 (B6202) Economic Policy and Administration (6210R004) European Integration P Czech Ostrava 3 Choice-compulsory study plan
2017/2018 (B6202) Economic Policy and Administration (6202R027) National Economy P Czech Ostrava Choice-compulsory study plan
2017/2018 (B6202) Economic Policy and Administration (6210R004) European Integration P Czech Ostrava 3 Choice-compulsory study plan
2017/2018 (B6202) Economic Policy and Administration (6202R010) Finance P Czech Ostrava 2 Choice-compulsory study plan
2016/2017 (B6202) Economic Policy and Administration (6202R027) National Economy P Czech Ostrava 2 Choice-compulsory study plan
2016/2017 (B6202) Economic Policy and Administration (6202R010) Finance P Czech Ostrava 2 Choice-compulsory study plan
2016/2017 (B6202) Economic Policy and Administration (6210R004) European Integration P Czech Ostrava Choice-compulsory study plan
2015/2016 (B6202) Economic Policy and Administration (6202R027) National Economy P Czech Ostrava 2 Choice-compulsory study plan
2015/2016 (B6202) Economic Policy and Administration (6210R004) European Integration P Czech Ostrava Choice-compulsory study plan
2015/2016 (B6202) Economic Policy and Administration (6202R010) Finance P Czech Ostrava 2 Choice-compulsory study plan
2014/2015 (B6202) Economic Policy and Administration (6202R010) Finance P Czech Ostrava 2 Choice-compulsory study plan
2014/2015 (B6202) Economic Policy and Administration (6210R004) European Integration P Czech Ostrava Choice-compulsory study plan
2014/2015 (B6202) Economic Policy and Administration (6202R027) National Economy P Czech Ostrava 2 Choice-compulsory study plan
2013/2014 (B6202) Economic Policy and Administration (6210R004) European Integration P Czech Ostrava Choice-compulsory study plan
2013/2014 (B6202) Economic Policy and Administration (6210R004) European Integration (00) European Integration P Czech Ostrava Choice-compulsory study plan
2013/2014 (B6202) Economic Policy and Administration (6202R027) National Economy P Czech Ostrava 2 Choice-compulsory study plan
2013/2014 (B6202) Economic Policy and Administration (6202R010) Finance P Czech Ostrava 2 Choice-compulsory study plan
2013/2014 (B6202) Economic Policy and Administration (6202R010) Finance (00) Finance P Czech Ostrava 2 Choice-compulsory study plan
2012/2013 (B6202) Economic Policy and Administration (6202R027) National Economy P Czech Ostrava 2 Choice-compulsory study plan
2012/2013 (B6208) Economics and Management (6202R049) Accounting and Taxes (00) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory study plan
2012/2013 (B6202) Economic Policy and Administration (6210R004) European Integration (00) European Integration P Czech Ostrava Choice-compulsory study plan
2012/2013 (B6202) Economic Policy and Administration (6202R010) Finance (00) Finance P Czech Ostrava 2 Choice-compulsory study plan
2011/2012 (B6208) Economics and Management (6202R049) Accounting and Taxes (00) Accounting and Taxes P Czech Ostrava 2 Choice-compulsory study plan
2011/2012 (B6202) Economic Policy and Administration (6210R004) European Integration (00) European Integration P Czech Ostrava Choice-compulsory study plan
2011/2012 (B6202) Economic Policy and Administration (6202R027) National Economy P Czech Ostrava 2 Choice-compulsory study plan
2011/2012 (B6202) Economic Policy and Administration (6202R010) Finance (00) Finance P Czech Ostrava 2 Choice-compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction



2022/2023 Summer
2021/2022 Summer
2020/2021 Summer
2018/2019 Summer
2017/2018 Summer
2016/2017 Summer
2015/2016 Summer
2014/2015 Summer
2011/2012 Summer