114-0510/01 – Developing Countries Economics (ERZ)
| Gurantor department | Department of Economics | Credits | 4 |
| Subject guarantor | doc. Ing. Martin Hodula, Ph.D. | Subject version guarantor | doc. Ing. Martin Hodula, Ph.D. |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 3 | Semester | summer |
| | Study language | English |
| Year of introduction | 2019/2020 | Year of cancellation | |
| Intended for the faculties | EKF | Intended for study types | Bachelor |
Subject aims expressed by acquired skills and competences
To acquaint students with the functioning of the type of non-European economies and deepen the knowledge of the socio-economic specificities of these countries.
- Manage the course students should be better prepared for the economic effects of the contemporary globalized world, both in terms of foreign trade and in international capital transactions.
Teaching methods
Lectures
Seminars
Summary
Explanation of specific characteristics of developing countries in the area of
productive factors, social and economic structure, etc. Analysis of various
groups of developing countries.
Compulsory literature:
WORLD BANK. Risk and Opportunity: managing risk for development. Washington: The World Bank, 2014. e-ISBN: 978-0-8213-9982-8.
Recommended literature:
GILL, I. S., IZVORSKI, I., EEGHEN, W., ROSA, D. Diversified Development: Manking the Most of Natural Resourses in EURASIA.
ALVAREDO, F., CHANCEL, L., PIKETTY, T., SAEZ, E., ZUCMAN, G. World Inequality Report, 2018.
Way of continuous check of knowledge in the course of semester
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. 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.
7. 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.
8. Migration and its influence on the status of developing countries.
9. Regional integration processes in RZ. Basic integration grouping. The role of industrialization in the regional integration of RZ.
10. 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
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
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