Veidlapa Nr. M-3 (8)
Study Course Description
International Economics
Course Code
SBUEK_247
Branch of Science
Economics and Business; Regional Economics
ECTS
3.00
Target Audience
Business Management; Communication Science; Information and Communication Science; Juridical Science; Marketing and Advertising; Pedagogy; Political Science; Public Health; Social Anthropology; Social Welfare and Social Work; Sociology
LQF
Level 6
Study Type And Form
Full-Time; Part-Time
Study Course Implementer
Course Supervisor
Tatjana Boikova
Structure Unit Manager
Ieva Puzo
Structural Unit
Faculty of Social Sciences
Contacts
Dzirciema street 16, Rīga, szf@rsu.lv
About Study Course
Objective
The aim of the course is to provide students with knowledge relative to global trends in international trade and finance and to guide students to the comprehensive understanding any information about the world economy development.
Preliminary Knowledge
Basic knowledge of economics.
Learning Outcomes
Knowledge
1.This course covers the current developments in world economy, including international trade, international movements of capital, and the international finance. The course introduces students to the logic and method of open economy model analysis and considers trade models, commercial policy and open-economy macroeconomic policies. The course focuses on the institutions of the global economy, regional trade agreements, discussion of the costs and benefits of such arrangements.
Skills
1.Students will get the following skills: • to analyse various strategies of economic development in terms of globalisation; • to assess the models of international trade; • to find the effective instruments of international trade policy and regional trade agreements; • to explain equilibrium in the foreign exchange market; • to measure the effects of capital flows.
Competences
1.Students will be able to analyse the world economy development issues, to reveal the differences between intraindustry trade and interindustry trade and to describe the effects of tariffs and nontariff barriers to trade, how tariffs protect domestic industries from foreign competition, to understand how changes in the exchange rate affect output and the price level to integrate local and global perspectives into a business strategy.
Assessment
Individual work
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Title
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% from total grade
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Grade
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|---|---|---|
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1.
Individual work |
-
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-
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Work with literature; data search, analysis of literature sources; case studies analysis.
In order to evaluate the quality of the study course as a whole, the student must fill out the study course evaluation questionnaire on the Student Portal.
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Examination
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Title
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% from total grade
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Grade
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|---|---|---|
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1.
Examination |
-
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-
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The aim of an academic essay is to develop the ability to find out the main and essential and to learn how to argument own opinion. It has to include: evaluation of the alternative arguments and opinions comparatively, proposition of own argument – the one which seems to student the most appropriate.
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2.
Examination |
-
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-
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Activity during interactive lectures – 60%; Exam – 40%.
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Study Course Theme Plan
FULL-TIME
Part 1
-
Lecture
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Modality
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Location
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Contact hours
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|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Globalisation and Trends in International Production and Trade
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-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Globalisation and Trends in International Production and Trade
|
-
Lecture
|
Modality
|
Location
|
Contact hours
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|---|---|---|
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On site
|
Auditorium
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2
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Topics
|
The Classical Models of International Trade
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-
Class/Seminar
|
Modality
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Location
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Contact hours
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|---|---|---|
|
On site
|
Auditorium
|
2
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Topics
|
The Classical Models of International Trade
|
-
Lecture
|
Modality
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Location
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Contact hours
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|---|---|---|
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On site
|
Auditorium
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2
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Topics
|
Factor Endowments and the Commodity Composition of Trade
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Factor Endowments and the Commodity Composition of Trade
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
International Trade Policy
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
International Trade Policy
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The Balance of Payments
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The Balance of Payments
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
International Movements of Capital
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
International Movements of Capital
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The Foreign Exchange Market
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-
Class/Seminar
|
Modality
|
Location
|
Contact hours
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|---|---|---|
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On site
|
Auditorium
|
2
|
Topics
|
The Foreign Exchange Market
|
-
Lecture
|
Modality
|
Location
|
Contact hours
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|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The EU Issues in the World Economy
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-
Class/Seminar
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Modality
|
Location
|
Contact hours
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|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The EU Issues in the World Economy
|
Total ECTS (Creditpoints):
3.00
Contact hours:
32 Academic Hours
Final Examination:
Exam (Written)
PART-TIME
Part 1
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Globalisation and Trends in International Production and Trade
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The Classical Models of International Trade
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
Factor Endowments and the Commodity Composition of Trade
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
International Trade Policy
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The Balance of Payments
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
International Movements of Capital
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The Foreign Exchange Market
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Auditorium
|
2
|
Topics
|
The EU Issues in the World Economy
|
Total ECTS (Creditpoints):
3.00
Contact hours:
16 Academic Hours
Final Examination:
Exam (Written)
Bibliography
Required Reading
1.
Pugel T. International Economics. 18th Edition. McGrawHill, 2023
2.
Komlos J. Foundations of Real-World Economics: What Every Economics Student Needs to Know. 2nd Edition. Routledge, 2019
3.
Appleyard D. and Field A. International Economics. 9th Edition. McGrawHill, 2017
Additional Reading
1.
Thompson H. International Economics. Global Markets and Competition. 4th Edition. World Scientific, 2017
2.
Lothian J.R. Essays in International Money and Finance. World Scientific, 2017