Delivered at:: School of World Economy

Course type:: Elective course

When:: 2 year, 1 module

Instructor

Sudakova, Yulia

Full Syllabus

Abstract

The course seeks to introduce students with the key historical and contemporary events that change the shape of the world economic landscape. On the basis of structured theoretical and applied grounds the course will develop a systematic understanding of the key areas of the world economy: trade, global finance, migration, international economic relations and other topics that affect the development of world markets. Additionally, topics to be considered include climate change, the Covid-19 pandemic, poverty, food security in context of welfare issues. Due to dynamic nature of international economy the course coverage is updated periodically to include current real world evidence as well as recent academic and empirical findings in the mentioned topics. Finally, students will gain practical skills to analyze and understand development of the world economy.

Learning Objectives

After completion of this course, you will be able to: • analyze trade patterns and predict trade flows;
• analyze causes and consequences of specialization in economic activity and their evolution over time;
• assess the relative importance of geographic and political barriers to trade and the economic consequences of their change;
• explain the economic forces that drive the global division of labor;
• discuss local impacts of global integration, climate change and global economic crises including labor-market consequences.

Expected Learning Outcomes

Student knows global issues.
The ability to acquire new knowledge and abilities, including in areas outside of the student’s professional area.
Able to think critically and interpret the experience (personal and of other persons), relate to professional and social activities
Able to solve professional problems based on synthesis and analysis

Course Contents

Overview of world trade. Basis for international trade and welfare effects and income distribution. Protectionism vs free trade.
Economic growth, income distribution, poverty and population growth
Roots of global economic inequality, migration, work and labor markets
Global financial markets
Energy and the world oil market
Multinational coordination in tackling global warming
Food security and global crises

Assessment Elements

Class participation
Final project

Interim Assessment

2024/2025 1st module
0.3 * Class participation + 0.7 * Final project

Bibliography

Recommended Core Bibliography

Grossmann, V. (2005). Helpman, E.: The Mystery of Economic Growth. Journal of Economics, 85(3), 297–300. https://doi.org/10.1007/s00712-005-0116-z
International economics : theory and policy, Krugman, P. R., 2015

Recommended Additional Bibliography

Environmental economics and policy, Tietenberg, T., 2010

Authors

KUKUSHKINA YULIYA MIKHAYLOVNA

Master’s Programme 'Population and Development'

World Economy and Welfare