World Economy and Business

Relations:

It is not possible to register for the course U63E0202 if the student is concurrently registered for or has previously completed the course 32BE-P-WEBS-01 (mutually exclusive courses).

The requirement for course U63E0202 can be fulfilled by substitution with the course 32BE-P-WEBS-01.

Course guarantor:

Lecturer:

Tutor:

Supervisor:

Institute of Economic Studies

Synopsis:

The course introduces students of the technical universities to international business. It does that predominantly by comparing individual countries and key regions of the 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 the knowledge in the form of discussions based on individual readings.

Requirements:

The student needs to create and present a working paper of specific structure to pass. There are course paper and its presentation (35+5 percent), two written exams (20 and 30 percent) of a mix of multiple-choice and open-ended questions. Active participation during seminars is also required (10 out of 100 percent).

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, IMF)

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:

Analysis of the topic covered in the lecture.

Practical part of the working paper: PC lab, regression a correlation

Test I.

Presentation of working papers

Test II.

Study Objective:

Study materials:

Internet based indexes. Readings.

Other resources, available to students for every topic

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

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

Note:

Further information:

No time-table has been prepared for this course

The course is a part of the following study plans: