Course Name

World Economy

Course Overview

Level of study	Bachelor / Master Degree	
Workload	ECTS: 3
Total Hours: 108
Contact Hours: 64
•	Lectures: 32
•	Labs: 0
•	Seminars: 32
•	Independent work: 44	
Course Code		
Semester	Winter /  Summer-	
Prerequisites	Level of English: Intermediate / Upper-intermediate; Economics (Economic theory)	
Course Objectives	1.	to study basic theories of the world economy
2.	to learn the basic the mechanisms of regulation of world trade organizations  (GATT, WTO) 
3.	to research  the key reasons for the international movement of production factors^ capital and labor
4.	to become familiar with the types of currency systems, as well as international bank operations	
Learning Outcomes	1.	analyze the methods of regulation of world markets and their impact on the results of the country's participation in international activities
2.	understand how the exchange rate of the national currency affects the results of the company's international activities
3.	understand the causes of international capital migration and the use of foreign labor	
Syllabus	1	Classical Economic Theory of foreign Trade
2	Criticism of the classical Economic theory. Distortion due to government interference. Dumping. Export cartel
3	Organization of foreign trade. GATT. WTO
4	Labour market. Migration
5	International capital movement. TNCs
6	National Monetary System. Exchange rate basis
7	Factors Affecting the Exchange Rate
8	Types of foreign exchange markets. International credit organizations
9	International bank’s operations	
Labs	-	
Projects	1.	entering the world market as a way to solve the problems of a national company (reducing costs)
2.	determining the exchange rate through indices (Big Mac, etc.)	
Assessment	Exam 	
Resources	International Economics // https://resources.saylor.org/wwwresources/archived/site/textbooks/International%20Economics%20-%20Theory%20and%20Policy.pdf
Paul-R-Krugman International-Economics-Theory-and-Practice	
Instructors	Sofya L. Eremina, PhD, associate professor
http://portal.tpu.ru/SHARED/e/ESOFIA/eng