120-0750/01 – International Economics I (IE I)

Gurantor departmentDepartment of International Economic RelationsCredits5
Subject guarantorIng. Radomír Kaňa, Ph.D.Subject version guarantorIng. Radomír Kaňa, Ph.D.
Study levelundergraduate or graduateRequirementChoice-compulsory
Study languageEnglish
Year of introduction2008/2009Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
KAN03 Ing. Radomír Kaňa, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+0

Subject aims expressed by acquired skills and competences

1.To distinguish the basic diffrences between the world and the national economy. 2.To describe the major trends in the world economy evolution. 3.To identify the main global problems in the present world economy. 4.To apply the acquired knowledge for the characteristics of the present situation in the world economy.

Teaching methods



This subject should complete the knowledge of the students in the field of international economics. The subject matter of lectures of international economics will be consisted of issues raised by the special problems of economic interaction between sovereign states. Such themes recur throughout our subject like the gains from trade, the pattern of trade, models of international trade, the balance of payments, international factor movements, exchange rate determination, international economic integration etc. Students can expect to finish this course with a thorough understanding of major theories and problems of international economics.

Compulsory literature:

ALLEN, F., AOKI, M. a N. KIYOTAKi ed. The Global Macro Economy and Finance. NY: Palgrave Macmillan, 2012. ISBN-13: 978-1137034236. BALDWIN, Richard a Charles WYPLOSZ. The Economics of European Integration. 3. vyd. McGraw Hill Higher Education, 2009. ISBN 13: 978-0077121631. KRUGMAN, P., a M. OBSTFELD. International Economics, Theory and Policy. 9. vyd. Boston: Prentice Hall, 2011. ISBN-13: 978-0132961646 KAŇA, R. International Economics, study material. Prepared under the project: „Rozvoj jazykových kompetencí pracovníků VŠB-TU Ostrava: InterDV, CZ.1.07/2.2.00/15.0132“. Available for students of the course on LMS Moodle.

Recommended literature:

EL-AGRAA, Ali, ed. The European Union: Economics and Policies. 9. vyd. Cambridge: Cambridge University Press, 2011. ISBN 978-1107007963. JOVANOVIC, Miroslav. The Economics of International Integration. Northampton: Edward Edgar Publishing, Inc., 2007. ISBN-13: 978-1847205384. MURRAY, Holden a Eston BAKER.,International Economic Cooperation: Institutions, Funds, and Banks. NY: Nova Science Publishers, Inc., 2012. ISBN-13: 978-1620818428. MATTHEW, L. Bust : Greece, the Euro, and the sovereign debt crisis. Hoboken, N.J.: Bloomberg Press, 2011. ISBN:13: 9780470976111. SIGURÐSSON, G. Ö. The Development of Icelandic Foreign Policy: From National Interest to Idealism. Reykjavík: Reykjavík University, dissertation. 2012.

Way of continuous check of knowledge in the course of semester


Other requirements

other requirements are not necassary


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

1. An introduction to international economics, what is international economics about 2. History (evolution) of the world economy, structure of the world economy 3. International economics and globalization, global problems of the world economy 4. Tools of analysis for international trade models, the classical model of international trade 5. The Heckscher – Ohlin theory, tests of trade models: the Leontief paradox 6. The gains from free trade, tariffs, non tariff barriers and arguments for protection 7. Trade policy – international trade and economic growth, international factor movements 8. The balance of payments, basic theories of the balance of payments. 9. Money, exchange rates and open–economy macroeconomics, interest rates and interest parity, recent exchange rate theories 10. Fixed and floating exchange rates, the international monetary system, Gold Standard, Bretton Woods System, floating exchange rates 11. Organizations of international economic integration, international organizations 12. European Union as the most developed organization of international economic integration

Conditions for subject completion

Full-time form (validity from: 1960/1961 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Exercises evaluation and Examination Credit and Examination 100 (145) 51
        Examination Examination 100  0
        Exercises evaluation Credit 45  0
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2011/2012 (B6208) Economics and Management (6208R174) European Business Studies P Czech Ostrava 1 Choice-compulsory study plan
2010/2011 (B6208) Economics and Management (6208R174) European Business Studies P Czech Ostrava 1 Choice-compulsory study plan
2009/2010 (B6202) Economic Policy and Administration (6202R010) Finance (01) Finance P Czech Ostrava 3 Choice-compulsory study plan
2008/2009 (B6202) Economic Policy and Administration (6202R010) Finance (01) Finance P Czech Ostrava 3 Choice-compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner
Incoming students 2013/2014 Full-time Czech Choice-compulsory 163 - International Office stu. block
Incoming Students 2012/2013 Full-time Czech Choice-compulsory 163 - International Office stu. block