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Subject 'International Economics'

Name in Estonian: Rahvusvaheline majandus

Year:   2016/2017    2017/2018    2018/2019    2019/2020    2020/2021    

Statuspassive
State codeTLM372
Study languageEstonian
ChairTransport ja logistika
Credit points 5 ECTS
Grading method Exam

General description

1. Introduction and objectives. International economic concepts.
2. International trade law. Foreign Trade Policy.
3. Globalization: GDP, foreign trade, services and investments. The global economic developments and trends.
4. Protectionism and the WTO, rich and poor countries in conflict, the national debt problem.
5. Economic Community: European Community, OECD, CIS. OPEC, et al.
6. Economic growth and development. Forecasts.
7. Competition in the U.S., EU and East Asia (Japan, China, etc.) between.
8. Political and economic relationships.
9. World energy policy, petroleum business.
10. World of monetary policy, the USD and EUR, the balance of payments.

General aim

Subject aims to provide an overview of the international economy and its affecting factors.

Aim

The student
- knows how the international economy works in principle
- knows the main current problems of globalization and the international economy
- has an overview:
- of the the worldŽs economical order and trends in the development stages,
- of the protectionism in the WTO;
- of the rich and poor countries conflicts;
- of the debt problems in rich countries.
- knowsthe world's most important organizations such as UN, EU, Nordic Council of Europe, CIS and others, and economic integration, such as the IMF, the World Bank, WTO, European Community, OECD, NAFTA, APEC, OPEC, ASEAN, etc..
- has an overview of the world's energy problems, petroleum business; politics and economic relationships, the balance of payments principles: trade, välisotseinvesteeringud et al.

Form description

Lectures, seminars and independent work with literature and Internet materials.

Literature

Tanning, L. Põhjamaade majandus. Nordisk ekonomi, I ja II. Tallinn, 2000, 328 + 448 lk.
Tanning, L. Saksamaa majandus. Deutsche Wirtschaft, I ja II. Tallinn:, 2004, 409 + 283 lk.
www.imf.org ,www.oecd.org , www.europa.eu , www.destatis.de ja www.scb.se

Is taught in following curricula

2012: LI  
2011: LI  
2010: LI  
2009: LI  
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