International Economic Relations: LDCs and Economies in Transition

General data

Course ID:	1900-ERASMUS-IER
Erasmus code / ISCED:	14.3 The subject classification code consists of three to five digits, where the first three represent the classification of the discipline according to the Discipline code list applicable to the Socrates/Erasmus program, the fourth (usually 0) - possible further specification of discipline information, the fifth - the degree of subject determined based on the year of study for which the subject is intended. / (0311) Economics The ISCED (International Standard Classification of Education) code has been designed by UNESCO.
Course title:	International Economic Relations: LDCs and Economies in Transition
Name in Polish:	International Economic Relations: LDCs and Economies in Transition (ERASMUS)
Organizational unit:	Faculty of Geography and Regional Studies
Course groups:
ECTS credit allocation (and other scores):	(not available) Basic information on ECTS credits allocation principles: the annual hourly workload of the student’s work required to achieve the expected learning outcomes for a given stage is 1500-1800h, corresponding to 60 ECTS; the student’s weekly hourly workload is 45 h; 1 ECTS point corresponds to 25-30 hours of student work needed to achieve the assumed learning outcomes; weekly student workload necessary to achieve the assumed learning outcomes allows to obtain 1.5 ECTS; work required to pass the course, which has been assigned 3 ECTS, constitutes 10% of the semester student load. view allocation of credits
Language:	English
Type of course:	elective courses
Mode:	Classroom
Short description:	(in Polish) Theories of international trade. Trade policies. Balance of Payments. Foreign Exchange. Factor movements. Open macroeconomics. Comparative economic systems. Developing countries and transitional economies in the modern world.
Full description:	(in Polish) Prerequisites: Some basic knowledge of economics (at least one semester course) or basic knowledge of international politics, or international law is required. In exceptional cases of students with some experience in international agencies or some background of research on or interests in international development the lecturer may allow to register for the course without the above prerequisites. Objectives of the course: A student will learn various theoretical tools useful in an analysis of international micro- and macroeconomic environments that will assist him/her to understand better the complexities of the current global economy as well as critically assess the suggested solutions to the present international economic problems dominating European Union and the world global economics at the beginning of the 21st century. Course contents: The dominant part of the course is arranged along the traditional lines of international economics, i.e. various classical and modern trade theories, explaining the basis and the gains from trade and later various obstacles to trade are discussed focusing on trade policies in the developed and semi-developed economies. A few sessions will be spent on balance of payments, foreign exchange markets and determinants of exchange rates and their implications for the open macro-economy. A particular role in modern international economics is played by the factor movements. The final part of the course will concentrate on the debate of the macroeconomic relations between various domestic economic systems and the world economies as well as the role of international integration and international organizations. Special attention will be placed on debating and explaining international economic shocks and financial and commodity crises over recent fifty years. Assessment methods: Students are expected to actively participate in class presentations and discussions. Two written assignments are required. One test to the end of the course will be written. Written or oral exam. Final mark: 60% class record 40% final exam
Bibliography:	(in Polish) The course is based on the broad range of international economics textbooks authored by among others: P. Krugman and M Obstfeld; D. Salvatore; B. Sodersten; Ch. Van Marrewijk; J.C. Ingram; J. Bhagwati; J. B. Rosser and M. V. Rosser.

This course is not currently offered.

Course descriptions are protected by copyright.
Copyright by University of Warsaw.