114-0330/01 – World Economy and Policy (SEP)

Gurantor departmentDepartment of EconomicsCredits6
Subject guarantordoc. Ing. Martin Hodula, Ph.D.Subject version guarantordoc. Ing. Martin Hodula, Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year2Semestersummer
Study languageCzech
Year of introduction2023/2024Year of cancellation
Intended for the facultiesEKFIntended for study typesFollow-up Master
Instruction secured by
LoginNameTuitorTeacher giving lectures
HOD063 doc. Ing. Martin Hodula, Ph.D.
FIL03 Ing. Lenka Johnson Filipová, Ph.D.
LAN075 Ing. Eva Kovářová, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+2

Subject aims expressed by acquired skills and competences

- knowledge of the world economy, its centres and peripheries - knowledge of international trade theories - knowledge of the position of individual regions in the world economy - knowledge of the application of economic policies in individual regions of the world economy - knowledge of economic policy developments

Teaching methods

Lectures
Tutorials

Summary

The course is focused on the development of the world economy and the application of economic policies. After an introduction to the contemporary world economy and its functioning, the position of individual regions in the world economy and the response of economic policies are discussed in more detail in individual lectures. In addition to traditional concepts of economic policies, the approaches of economic policies applied in less developed regions are also studied. The course further develops current changes in the world economy and economic policy after the economic crisis of 2008.

Compulsory literature:

ARDALAN, Kavous. Global political economy: a multi-paradigmatic approach. Cham, Switzerland: Springer, 2019. 196 p. ISBN 978-3-030-10376-7. BAYLIS, John, Steve SMITH a Patricia OWENS. The globalization of world politics: an introduction to international relations. Eight edition. Oxford: Oxford University Press, 2020. 617 p. ISBN 978-0-19-882554-8. KRUGMAN, Paul R., Maurice OBSTFELD and Marc J. MELITZ. International Economics, Theory and Policy. Harlow: Pearson, 2015. 736 p. ISBN: 13 978-1-292-01955-0.

Recommended literature:

MELLER, Patricio. The Latin American Development Debate: Neostructuralism, Neomonetarism, and Adjustment Processes. New York: Routledge, 2019. 220 p. ISBN 9780429312205. NAYYAR, Deepak. Catch Up: Developing Countries in the World Economy. Oxford: Oxford University Press, 2016. 176 p. ISBN 9780191761263. SACHS, Jeffrey D. The Ages of Globalization: Geography, Technology, and Institutions. New York: Columbia University Press, 2020. 280 p. ISBN 978-0-231-55048-2.

Way of continuous check of knowledge in the course of semester

Seminars: seminal work Examination: oral exam The same conditions apply to students with ISP.

E-learning

Other requirements

There are no more student requirements.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Contemporary world economy, centres and potential centres of world economy, peripheries of world economy (global South and Global North). 2. Actors of the world economy and relations between them (countries, international organizations, corporations), theory of international trade. 3. Position of the USA in the world economy and reaction of economic policy from the Keynesian period to the present (Keynesianism, supply side theory, new approaches of economic policies since the end of the 20th century). 4. Position of the UK in the world economy and reaction of economic policy from the Keynesian period to the present (Keynesianism, monetarism, new approaches of economic policies since the end of the 20th century). 5. Position of the Western Europe in the world economy and reaction of economic policy from the Keynesian period to the present (in addition to traditional approaches - indicative planning and welfare states). 6. Position of the Western Europe in the world economy and reaction of economic policy from the Keynesian period to the present (in addition to traditional approaches - indicative planning and welfare states) - continuation. 7. Position of Central and Eastern Europe in world economy and reaction of economic policies from the end of the 2nd World War to the present (centrally planned economies, transformation of centrally planned economies and economic policies into market ones). 8. Position of Central and Eastern Europe in world economy and reaction of economic policies from the end of the 2nd World War to the present (centrally planned economies, transformation of centrally planned economies and economic policies into market ones) - continuation. 9. Position of Asia (China, India, Japan) in world economy and reaction of economic policies from the end of WW2 to the present. 10. Developing region of North Africa and Middle East, its economic potential in world economy, specific economic policies and their development. 11. Developing region of sub-Saharan Africa, its economic potential in world economy, internal structural problems, economic policies. 12. Position of Latin America in world economy, its economic potential and use, turbulent development of economic policies and their impact on economy. 13. Current development in the world economy and changes in economic policies after the 2008 crisis – focus on Europe and the USA. 14. Current development in the world economy and changes in economic policies after the 2008 crisis – focus on China and India, changes in the global economic policies of developing countries.

Conditions for subject completion

Full-time form (validity from: 2023/2024 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of pointsMax. počet pokusů
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit 35  18 2
        Examination Examination 65  33 3
Mandatory attendence participation: Attendance at lectures and seminars is not mandatory.

Show history

Conditions for subject completion and attendance at the exercises within ISP: The same conditions apply to students with ISP.

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Occurrence in study plans

Academic yearProgrammeBranch/spec.Spec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2024/2025 (N0311EKF023) Economics MNV P Czech Ostrava 2 Compulsory study plan
2023/2024 (N0311EKF023) Economics MNV P Czech Ostrava 2 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction

Předmět neobsahuje žádné hodnocení.