National economies are an integral part of the global economy. Issues and events in global economy have strong influence upon the function of national economy.
The course aims at familiarizing the students with global institutions, agreements, events, trends and their relationship to the national economy.
After completing the course, students will be able to:
• Understand the benefits of specialization and the impact on trade and investment
• Know trade barriers and their background factors
• Understand exchange and interest rate mechanisms
• Conceptualize the role of global organizations
• Understand trade liberalization and regional economic integration
• Relationships among national economy, national debt and the international rating agencies
• What are the benefits of global trade?
• What are the main international trade theories?
• What are the effects of trade barriers on national economies?
• What are the reasons behind exchange and interest rate volatility?
• What is the role of economic integration in world trade?
• How the rating agencies influence national borrowing rate?
The student can give the fundamentals for the question: What is global economics about? He/she recognises the difference between micro and macro economy and is able to name essential factors in the field of macro economy. He/she manages to identify the factors that affect an economy. The student can give and receive feedback.
The student applies the connections between global economic factors like GDP, GNP, inflation, interest rates and other relevant macro-economic factors. He/she knows the relevant terms and connections and can explain basic cause-effect relationships. He/she sees the importance of global trade and adopts various macro theories. The student gives and receives constructive feedback and develops his/her skills for co-operation.
The student analyses and translates the connections within global economy factors. He/she can generalise complicated theories by seeing the relevancy behind the economic signals. He/she can explain economic fluctuations and reasons behind them. He/she justifies outcome for various global assumptions, formulating the impacts of GDP, inflation, employment and other factors related. He/she finds the links between global economy factors by evaluating the information available. The student uses feedback to grow professionally, he/she develops creative and flexible mindset and works in a responsible manner.
Language of instruction
02.03.2020 - 31.07.2020
01.02.2020 - 01.03.2020
Unit, in charge
Bachelor's Degree Programme in International Business