Közgazdasági Informatikai Intézeti
Tanszék
SYLLABUS
International economics
Course title:
International economics
Course code:
NEGA1K0EEMT
Status:
Eligible
Contact hours:
2
Credits:
3
Prerequisites:
-
Course unit leader:
Gyöngyi Csongrádi
Office number: B 106
e-mail address: csongradigy@gmail.com
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Tutor(s):
Aims and objectives
The International Economics course is about to deliver basic knowledge in relation
with the mechanisms of the world economy. The course will highlight sources of
comparative advantage, gains and losses from trade, the impact of trade on
economic growth, and effects of trade policy interventions such as tariffs, quotas,
voluntary export restraints, and export subsidies. In the second part of the course
macroeconomic notions will be emphasized as money, interest rates, exchange
rates and macroeconomic policy. Our goal is to allow students to understand
today’s global economic environment as we stress concepts and their application
rather than theoretical formalism. The course supposes a basic economic
background.
Learning outcomes


Forecasting the effects of economic acts in an open economy.
Ability to analyse international factor movements.
PSZK | H-1149 Budapest, Buzogány utca 10-12. | Telefon: (+36-1) 469-6692 | Fax: (+36-1) 469-6627 | www.bgf.hu




Ability to analyse a country’s international position at the world capital
market.
Ability to analyse the changes of interest rates and ecxhanges rates.
Competence in recognition the consequences of recent economic changes.
Basic knowledge about the actors of international trade, and international
policy coordination.
Methodology
Lectures will be held during the third semester. Students will become familiar with
different theories of international economics and these theories will be supported
with graphs, data and case studies.
Course schedule
Course Date
1
10.09.2014
2
14.11.2014
3
21.11.2014
4
28.11.2014
Chapter
1
2
3
7
8
9
11
12
18
19
21
Topic
Introduction
Pages
World trade: An Overview
Labor Productivity and Comparative
Advantage: The Ricardian Model,
International Factor Movements
Instruments of Trade Policy
The Political Economy of Trade Policy
Controversies in Trade Policy
National Income Accounting and The
Balance of Payments
The International Monetary System,
1870-1973
Macroeconomic Policy and Coordination
Under Floating Exchange Rates
The Global Capital Market
12-24
27-42
153-170
182-200
201-243
266-284
288-312
501-528
532-562
594-617
Course policies
Students are expected to attend lectures.
Assignments
PSZK | H-1149 Budapest, Buzogány utca 10-12. | Telefon: (+36-1) 469-6600 | Fax:
(+36-1) 469-6610 | www.bgf.hu
I. Presentation (10 min) during the semester from a given topic.
II. Exam: written test with 20 questions.
The condition for signature: make the presentation.
Assessment and grading
The final mark will be composed of the 2 above mentioned assignments. Grading:
the average of the two assignements’ mark.
Compulsory readings

Krugman, Obstfeld: International Economics, Therory & Policy, 8th Edition (or
later), Pearson International Edition, 2009
Recommended readings

Actual economic articles from the printed media or from the internet.
PSZK | H-1149 Budapest, Buzogány utca 10-12. | Telefon: (+36-1) 469-6600 | Fax:
(+36-1) 469-6610 | www.bgf.hu