Provide knowledge on content features of different theories in the field of international economic cooperation. Historical development of key theories gives answers to questions on specific features of international economic development and the question on what the economic benefits of this cooperation are and how they are expressed. Acquiring fundamental knowledge on basic theoretical concepts of international finance, and introducing contemporary structures of change and trends in this field. Presenting the organizational structure and different activities of international economic system institutions in Bretton and post-Bretton era by analyzing the function of WTO and the expansion of European and non-European regional integration, especially the EU, CEFTA, Mediterranean forms of integration, NAFTA etc.

Correspondence and correlation with other programs

The content of the course corresponds to programms offered at numerous faculties of economics:

International Economics –Vienna University of Economics and Business Administration – Austria;

International Economics and Finance – Helsinki School of Economics, Finland

Économie internationale – Université Paris 1 – Panthéon Sorbonne –France;

International Economics – Trinity College Dublin – Ireland;

Intenational Economics – The University of Oxford - Department of Economics – England;

Intenational Economics – The University of Cambridge, Cambridge – England;

Mednarodna ekonomika – Univerza v Ljubljani, Ekonomska fakulteta, Slovenia

Course content

Introduction to international economics; Basic terms and their correlation; Specific features of international exchange; Goals and analysis of international economics; State role and development of economic cooperation with foreign countries; International trade theory; International specialization; Alternative (new) theories and views; International specialization and gains from trade; Theory of international trade policy; Directing exchange in a small open economies; Balance of payments theory and policy; Balance of payments – basic terms and ingredients; Economic and technical equilibrium; Long term equilibrium; Automatic model of adjustments; Theory of trade and growth; Close and open economy; Theory of dominant economy; Theory of peripheral economy; International Economic System; Bretton-Woods system, IMF; World bank (WB); Havana Charter, GATT and WTO; Other international economic institutions and organizations; Regional integration development; Theory of regional integration; Stages and effects of integration; Integration process in Europe; International factors flows; International capital flows; Direct foreign investment; International transfers of technology; World economy development; World production and consumption; World exports and imports

Prices and terms of trade; Balance of payments flows.

Modes of instruction (mark in bold)

Lectures

Seminars and workshops

Exercises

Independent work

Multimedia and the Internet

Distance learning

Consultations

Laboratory work

Tutorials

Field work

Comments:

Instruction modes include lectures, seminars and workshops, exercises and other contemporary methods. The students broaden their acquired knowledge by completing individual assignments and by using multimedia and the Internet. The Professor and the Assistant help students by means of consultations.

Development of general and specific competences, knowledge and skills

Mastering theoretical and empirical knowledge and acquiring skills within the normative part of the program; mastering relevant scientific methods for analysis for processing and presenting data. Developing presentational skills and skills of critical thought.