World Economy and Business

The course is not on the list Without time-table
Code Completion Credits Range Language
BI-SEP Z,ZK 4 2P+2C Czech
Department of Software Engineering

This course is presented in Czech.

The course introduces students of technical university to the international business. It does that predominantly by comparing individual countries and key regions of world economy. Students get to know about different religions and cultures, necessary for doing business in diverse societies as well as indexes of economic freedom, corruption and economic development, which are needed for the right investment decision. Seminars help to improve on the knowledge in the form of discussions based on individual readings. It is advised to take bachelor level of this course BIE-SEP as a prerequisite.


Student needs to create and present working paper of specific structure to pass. There are two written exams (30 and 60 percent) of a mix of multiple choice and open-ended questions. Active participation during seminars is also required (10).

Syllabus of lectures:

1. Introduction to course. International economic relation, Definition of terms;

2. World before global economy, Economic liberalism,

3. Pax Britannica, gold standard and first wave of globalization agents of bank and businessmen in British Empire

4. International economic system: establishing financial institutions (GATT/WTO, MMF)

5. Pax Americana, Breton Wood system a rise of multinational corporations (MNCs)

6. European economic renaissance and creation of EHS, its position in world economy

7. World before and after oil crisis of 1973: end of Breton Wood system

8. The origins of international capital mobility, from banks to MNCs and FDI in 1980s;

9. The end of the socialist economies and transition strategies (Shock Therapy vs. Gradualism Approach), their reintroduction into world economy

10. Liberalisation of capital movement regimes, Financial institutions and International mobility of capital and financial crisis of 1990s (Mexico, Brazil, East Asia, Argentina)

11. World economy centres: European monetary union and European economic policies

12. World economy centres: USA and NAFTA

13. World economy centres: China, Japan and APEC

Syllabus of tutorials:
Study Objective:
Study materials:

Štěrbová, L., Mezinárodní obchod ve světové krizi 21. století, Praha 2013.

Cavusgil, S.T., Knight, G., Rieselberger, J., International Business: The New Realities, 2013.

Cihelková, E., Světová ekonomika ? nové jevy a perspektivy, Praha 2006.

Evan, T., Chapters of European Economic History, Praha 2014.

Kubišta, V., Mezinárodní ekonomické vztahy, Praha 1999.

Further information:
No time-table has been prepared for this course
The course is a part of the following study plans:
Data valid to 2020-10-23
For updated information see http://bilakniha.cvut.cz/en/predmet4730106.html