2O14MIRS - Integration and Regionalization of the World Economy
| Course specification | ||||
|---|---|---|---|---|
| Type of study | Master academic studies | |||
| Study programme | ||||
| Course title | Integration and Regionalization of the World Economy | |||
| Acronym | Status | Semester | Number of classes | ECTS |
| 2O14MIRS | mandatory | 2 | 2L + 2E | 5.0 |
| Lecturers | ||||
| Lecturer | ||||
| Lecturer/Associate (practicals) | ||||
| Prerequisite | Form of prerequisites | |||
| Learning objectives | ||||
| The purpose of studying this subject is for students to learn the basics and principles of modern developments in the world economy in order to understand the role of integration processes and their impact on economic developments in the world. The knowledge gained in this subject is complemented with the knowledge acquired in other similar subjects in the department of International Economics | ||||
| Learning outcomes | ||||
| The students get a clear knowledge and idea about integrative processes in the world and their impact on trade and financial flows. Upon successful completion of this subject the students will be able to familiarize themselves with the theories of regional integration, to describe the different regional integrations and their impact on the world trade, they will be able to realize the economic benefits and importance of regional cooperation, to state and explain the theories of globalization, and the basics of economic trends in global terms, to thoroughly familiarize themselves with the global position of the European Union and the United States of America. Finally, they will successfully examine the impact of the world economic crisis on the integration processes and plans for the creation of future regional integrations. | ||||
| Content | ||||
| Regional economic integration theories, motives and effects, institutional forms of international integrations; Characteristics and trends in the world economy, features, global processes, current challenges; Integration of commodity flows; Development of international trade and impact of integrations on international trade; Development and integration of financial flows; Characteristics of international capital flows; Integration of the labor market - labor mobility, competitiveness of certain regions; Role of transnational companies in the integration of the world economy, forms of TNCs, forms of business operations and effect of the integration processes; The European Union as a regional and global actor. The most significant regional integrations in the world. | ||||
| Teaching Methods | ||||
| Lectures, exercises, seminar classes which include the preparation and presentation of papers, group presentations and discussions on the given topic. | ||||
| Evaluation and grading | ||||
| Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points) | ||||