114-0510/01 – Developing Countries Economics (ERZ)

Gurantor departmentDepartment of EconomicsCredits4
Subject guarantorIng. Martin Hodula, Ph.D.Subject version guarantorIng. Martin Hodula, Ph.D.
Study levelundergraduate or graduateRequirementChoice-compulsory type B
Study languageEnglish
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
HOD063 Ing. Martin Hodula, Ph.D.
LOK02 Ing. Aleš Lokaj, Ph.D.
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 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



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


Other requirements

Active participation in seminars, study of recommended literature.


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

1st Introduction to the study. Determination of conditions of course. analysis literature, entering seminary work. 2nd Categorization of developing countries (hereafter DC). Differentiation stages. newly industrialized DC. Least-developed stages. 3rd Basic characteristics of DC. DC as a historical phenomenon. structural characteristic of DC. 4th The theory of developing economies. Development of views on the DC. Theory erratic circles. Myrdalovo concept stages. 5th The sectoral analysis of developing economies. Agrarian, průmyslovýn sector and service sector in the DC. 6th Theory of growth in developing economies. Marxist, neoclaDCical, and Keynesian models of growth in DC. 7th Newly industrialized countries. Asian, Latin - American stages. trouble former COMECON countries. 8th Oil States. Special oil exporting countries. Financial center these countries. OPEC as a cartel. 9th International trade and DC. DC position in the international division of labor. Special trade DC. 10th The international movement of capital in stages. Capital resources DC. international economic aid and international economic institutions. 11th Debt problems in stages. 80th debtor crisis years. The development of debt DC in the 90 years. 12th International institutions and DC. UN economic institutions. regional Development Bank. 13th Integration proceDCes in DC. The theory of integration in terms of DC. integration DC groups in Latin America, Africa and Asia. 14th CR and the DC. Relationship of DC Czechoslovakia until 1989. The development of foreign trade with DC. Other forms of relationship of Czech Republic to the DC.

Conditions for subject completion

Full-time form (validity from: 2019/2020 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit Credit  
Mandatory attendence parzicipation: not specified

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Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (B0311A050005) Applied Economics (S02) International Economic Relations P English Ostrava 3 Compulsory study plan
2020/2021 (B0412A050006) Finance P English Ostrava 2 Choice-compulsory type B study plan
2019/2020 (B0311A050005) Applied Economics (S02) International Economic Relations P English Ostrava 3 Compulsory study plan
2019/2020 (B0412A050006) Finance P English Ostrava 2 Choice-compulsory type B study plan

Occurrence in special blocks

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