Logo ČVUT
CZECH TECHNICAL UNIVERSITY IN PRAGUE
STUDY PLANS
2024/2025

Political Economy and International Trade Relations

Login to KOS for course enrollment Display time-table
Code Completion Credits Range Language
32BE-P-PETR-02 Z,ZK 6 2P+2C English
Course guarantor:
Helmuth Yesid Arias Gomez
Lecturer:
Helmuth Yesid Arias Gomez
Tutor:
Helmuth Yesid Arias Gomez
Supervisor:
Institute of Economic Studies
Synopsis:

Throughout the course, an interesting contrast between the inspiring trade theory and the alternative instances of economic policy will be done.

Several topics dealing with the economic policy will be discussed: External Balance, Exchange Rate Policy, Free Markets vs. Strategic Trade Policy.

A modern approach will tackle the Balance of Payment analysis, emphasising the good and service transactions vs the capital flows registered in the capital account transactions.

The methodology introduces to students the important section of International political economy (IPE) relating to international trade. The course will focus on core issues of international trade and domestic policies, such as diverse development strategies, the role of multinational corporations, and the policies of protectionism or free trade. A set of case studies relating to the present state of affairs of international trade will be analyzed, including the breaking issue of Strategic Trade Policy and the industrial promotion, purposely implemented by developed countries.

Requirements:
Syllabus of lectures:

The student will be guided in consulting the information sources about International Trade and will be oriented for interpreting the statistical information. Data will be downloaded from EUROSTAT, CSO, IMF, and so on.

The student will recognize the widespread statistical data and will be able to interpret it. The economic policy analysis will provide the principles for understanding the formulation of policies, alongside.

Syllabus of tutorials:

The student should be competent for reconciling the long tradition in the field of the Theory of Trade, with the practical cases related to specialization and participation in the settlement of trade transactions.

To compare the formulation of Economic Policy with the underlying theoretical frame inspiring the implementation of the Economic Policy.

To handle the political-economic framework for regulating and the support of international trade relations

comprehend crucial concepts relating to international trade relations

To be informed about some actual debates and topics relating to international trade

To understand the international trade operation, its principal actors, and some substantive political issues related to it

To keep up the case analysis illustrating the diverse stances of economic policy

Study Objective:

The student should be competent for reconciling the long tradition in the field of the Theory of Trade, with the practical cases related to specialization and participation in the settlement of trade transactions.

To compare the formulation of Economic Policy with the underlying theoretical frame inspiring the implementation of the Economic Policy.

To handle the political-economic framework for regulating and the support of international trade relations

comprehend crucial concepts relating to international trade relations

To be informed about some actual debates and topics relating to international trade

To understand the international trade operation, its principal actors, and some substantive political issues related to it

To keep up the case analysis illustrating the diverse stances of economic policy

Study materials:

Compulsory:

Paul Krugman (2024). Two Theories of Immaculate Disinflation, and Their Implications. Stone Center on Socio-Economic Inequality

https://stonecenter.gc.cuny.edu/two-theories-of-immaculate-disinflation-and-their-implications-paul-krugman/

Paul Krugman (2024). Can Trump Reduce the Trade Deficit? Stone Center on Socio-Economic Inequality

https://stonecenter.gc.cuny.edu/can-trump-reduce-the-trade-deficit-paul-krugman/

Paul Krugman (2023). Technology and Globalization in the Very Long Run. Stone Center on Socio-Economic Inequality. Working Paper Series # 63.

Joseph E. Stiglitz (2024). The Road to Freedom: Economics and the Good Society. W. W. Norton & Company

Robert W. Staiger (2022) A World Trading System for the Twenty-First Century (Ohlin Lectures) . The MIT Press

Robert C. Feenstra, Alan M. Taylor (2021) International Trade. Worth Publishers Inc., U.S.; 5ª ed.

KRUEGER, Anne O. International trade: what everyone needs to know. New York, NY: Oxford University Press, [2020]. ISBN 978-0-19-090045-8.

Paul Krugman , Maurice Obstfeld , Marc Melitz (2022). International Trade: Theory and Policy, Global Edition 12th Edición. Pearson.

Marijn A. Bolhuis (2023) The Costs of Geoeconomic Fragmentation.

The Return of Industrial Policy. Finance and Development. International Monetary Fund. 60 (2).

Arias-Gomez, H. (2023). Space and Production Specialization. In: Arias-Gomez, H. & Antosova, G. (Ed). Considerations of Territorial Planning, Space, and Economic Activity in the Global Economy. IGI Global Publisher. Hershey.

Krugman Paul, Obstfeld Maurice and Melitz, Marc. (2017) International Economics. 10th Edition. Pearson

Paul Krugman (2008) The increasing returns revolution in trade and geography. Nobel Prize Lecture Stockholm.

Eichengreen, Barry (2019). Towards a New Enlightenment? A Transcendent Decade. Openmind. University of California, Berkeley. https://www.bbvaopenmind.com/wp-content/uploads/2018/12/BBVA-OpenMind-Barry-Eichengreen-The-Past-Decade-and-the-Future-of-the-Global-Economy.pdf

Royal Swedish Academy of Sciences. (2008). Trade and Geography Economies of Scale, Differentiated Products and Transport Cost. Internet site accessed on December 2021: http://nobelprize.org/nobel_prizes/economics/laureates/2008/index.html

Pflüger M. and Tabuchi T. (2016). Comparative Advantage and Agglomeration of Economic Activity. Institute for the Study of Labor. Discussion Paper 10273. Bonn.

Montiel Peter. (2009). International Macroeconomics. Wiley-Blackwell. New Jersey.

Brakman, Steven; Garretsen, Harry and van Marrewijk, Charles. (2009). The New Introduction to Geographical Economics. Cambridge University Press. ISBN: 9780521698030.

Steven Brakman and Harry Garretsen (2009) Trade and Geography: Paul Krugman and the 2008 Nobel Prize for Economics. Spatial Economic Analysis, Vol. 4, No. 1. Routlege. pp 5-23.

Recommended:

Arias-Gomez Helmuth Yesid & Antošová Gabriela (2023). Regional manufacturing in the Czech Republic. Urban, Planning and Transport Research. VOL. 11, No. 1. Taylor and Francis.

Eichengreen, Barry. (2018). The Populist Temptation: Economic Grievance and Political Reaction in the Modern Era. New York: Oxford University Press. Oxford

Jing Linbo (2017). The Development of the Strategic Trade Policy and Its Application in China. The Chinese Economy, 50. pp. 97-111

Cordes, Alexander, Gehrke Birgit, Rammer Christian, Roman Römisch, Schliessler Paula and Wassmann Pia (2016). Identifying Revealed Comparative Advantages in an EU Regional Context. The Vienna Institute for International Economic Studies. Research Report 412. Vienna. https://wiiw.ac.at/identifying-revealed-comparative-advantages-rcas-in-an-eu-regional-context-pj-121.html.

Bilgin Orhan (2012). Strategic Trade Policy Versus Free Trade. Procedia - Social and Behavioral Sciences 58. pp. 1283 - 1292.

Giancarlo Corsetti (2008). A Modern Reconsideration of the Theory of Optimal Currency Areas. Economic Papers Directorate-General for Economic and Financial Affairs. European Commission. Brussels. https://ec.europa.eu/economy_finance/publications/pages/publication12229_en.pdf

Agenor R, Montiel Peter (2002). Development Macroeconomics. Princeton University Press. New York.

Mankiw Gregory. Macroeconomics (2010). Worth Publishers.

Mundell Robert (2003) The Significance of the Euro in the International Monetary System. American Economist. Fall. 47,2. pp. 27-39.

Mundell Robert (1999) A reconsideration of the 20th Century. Nobel Prize Lecture Stockholm.

Note:
Time-table for winter semester 2024/2025:
Time-table is not available yet
Time-table for summer semester 2024/2025:
06:00–08:0008:00–10:0010:00–12:0012:00–14:0014:00–16:0016:00–18:0018:00–20:0020:00–22:0022:00–24:00
Mon
Tue
roomDEJ:409
Arias Gomez H.
16:00–17:30
(lecture parallel1)
Dejvice
roomDEJ:409
Arias Gomez H.
17:45–19:15
(parallel nr.101)
Dejvice
Wed
Thu
Fri
The course is a part of the following study plans:
Data valid to 2025-02-18
For updated information see http://bilakniha.cvut.cz/en/predmet8053206.html