1. To enable students to interpret certain theories of international trade
2. To teach students how and when to apply individual foreign trade policy tools
3. To enable students to critically assess individual exchange rate theories and systems.
4. Provide students with basic knowledge of balance of payments analysis and its impact on individual national accounts
5. Teach students to evaluate basic methods of balancing the balance of payments
6. To train students to critically assess the indebtedness of the observed country
1. Introduction to International Economics
2. Historical development of theories of international trade; Mercantilism; Adam Smith's theory of absolute advantages
3. Ricardo's theory of comparative advantages
4. Standard theory of international trade
5. Heckscher-Ohlin theory of foreign trade
6. Newer theories of foreign trade
7. Tools of foreign trade policy
8. Foreign trade policy of developing countries
9. Exchange rate systems
10. Theories of determining foreign exchange rates - the theory of purchasing power parity
11. Theories of determining foreign exchange rates – interest rate parity theory and monetary theory
12. Balance of payments and its connection with individual national accounts
13. Balancing the balance of payments
14. Foreign debt
1. interpret certain theories of international trade
2. apply individual foreign trade policy tools
3. critically assess individual exchange rate theories and systems
4. analyze the balance of payments and its impact on individual national accounts
5. evaluate the basic methods of balancing the balance of payments
6. critically assess the indebtedness of the observed country
