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Course Syllabus

Bachelor 2024/2025

International Economic Affairs

Type: Compulsory course (International Relations)
Area of studies: International Relations
Delivered by: School of World Economy
Where: Faculty of World Economy and International Affairs
When: 2 year, 3, 4 module
Mode of studies: offline
Open to: students of one campus
Instructors: Elizaveta V. Smolovik, Тюшкевич Юлия Андреевна
Language: English
ECTS credits: 4
Contact hours: 40

Course Syllabus

Full Syllabus

Abstract

Is constant increase of international trade an effective tool to guarantee economic growth? Can the autarky exist in modern world? How to combine tools of “free trade” and “protectionism” within national trade policies? Who are the main actors of international trade – states or multinational corporations? What is the future of national currencies? Do sanctions mean the end of the era of trade liberalisation? The aim of the course “International economic relations” is to provide the analytical framework that will help finding answers to these and many other related questions. Students will explore classical and modern theories of international trade and capital movement, will be able to evaluate the effects of changes in trade volumes and structure as well as application of different trade policy tools. Moreover, the key principles of international settlements and currency transactions will be analysed.
Learning Objectives

Learning Objectives

  • • to provide theoretical overview of classical and modern approaches to international trade and capital movements
  • • to improve students’ skills to analyze changes and key trend in international economic relations and to determine its’ effects
  • • to understand how to valuate future impact of different tools of trade policy and international financial regulation
Expected Learning Outcomes

Expected Learning Outcomes

  • Define key concepts of international economic relations
  • Explain classical and modern theories of international trade and capital
  • • Analyse main indicators reflecting countries’ participation in international economic relations and conduct comparable research
  • • Identify effects of international trade to global development
Course Contents

Course Contents

  • 1. Introduction. Historical review: the main milestones of international trade development
  • 2. Classical theories of international trade
  • 3. Modern theories of international trade
  • 4. Statistical analysis of international trade
  • 5. Trade policy
  • 6. International trade and global problems
  • 7. International capital movement
Assessment Elements

Assessment Elements

  • non-blocking Seminars
    Тип контроля : семинары
  • non-blocking Reading response
  • non-blocking Quiz
  • non-blocking Analytical report
    Тип контроля : домашние задание, практическая работа, презентация
  • non-blocking Game
Interim Assessment

Interim Assessment

  • 2024/2025 4th module
    0.25 * Analytical report + 0.1 * Game + 0.4 * Quiz + 0 * Reading response + 0.25 * Seminars
Bibliography

Bibliography

Recommended Core Bibliography

  • Irwin, D. A. (2015). Free Trade Under Fire : Fourth Edition (Vol. Fourth edition). Princeton, New Jersey: Princeton University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=890912

Recommended Additional Bibliography

  • 9780132146654 - Krugman, Paul R.; Obstfeld, Maurice; Melitz, Marc J. - International Economics : Theory and Policy, Global Edition - 2015 - Pearson - https://search.ebscohost.com/login.aspx?direct=true&db=nlebk&AN=1419045 - nlebk - 1419045

Authors

  • MAKAROVA EKATERINA ALEKSANDROVNA