Global Economy and International Trade

About

Today’s international trade is a very complex and sophisticated phenomena, determined by a great number of factors. The course gives an overview of international trade and its global economic environment, with the aim of helping students to understand the driving forces, the international economic environment and the “whats? and whys?” of the global economy. The course consists of two major parts. Part 1 World Order, globalisation and international trade discusses the global framework of international trade. We will discuss
major trends, globalisation and its impacts, the rules of international trade, barriers to international trade and the World Trade Organisation – a very exciting topic, as international trade has almost collapsed but was finally saved in December 2013. Part 2 Regions and major players deals with the major country and regional players of the global economy. We will overview developing countries, US trade policy and the possible effects of “Trumpenomics” on global trade, and the Pacific Rim region. There will be an emphasis on the two emerging giants, India and China.

Course leader

Dr. László Kacsirek

Target group

Bachelor or Master level students with basic knowledge of Economics

Course aim

The tutor will often give only guidelines and everything will be developed with active participation of students. Lots and lots of group work, student projects and discussions, no conventional lectures. The aim will be to give students an understanding of global economic trends and the behaviour of players; learning
by doing will be the best way to achieve the aim.

Fee info