International Trade - Actual Issues

  • Credits: 10
  • Ending: Examination
  • Range: 16sP
  • Semester: summer
  • Year: 1
  • Faculty of Commerce

Teachers

Included in study programs

International Business Management

Teaching results

Students will possess following abilities:
- after successful completion of the course, the student has experience in the necessary macroeconomic frameworks of international trade in advanced theoretical background, has a systematic and comprehensive set of current knowledge about international trade at the level of the world economy.
- by understanding the required literature and selected sources with a high citation response at the international level, student is able to process a set of theoretical knowledge within the field of study and study program as a basis for profiling his own topic,
- the PhD. student has experience in current trends in international trade and global value chains, the dynamics of trade in goods and services in the international environment, with an emphasis placed on the territorial priorities of the EU and Slovakia (PRC, Russian Federation, Southeast Asia, etc.),
- understanding current trends in key areas of international trade - digitization, payment terms, international marketing, offshoring and outsourcing, fragmentation of value chains and deglobalization elements.
Students will obtain following skills:
- after identifying the literature gap in the particular topic of the seminar work, the PhD. student is able to evaluate innovative approaches and methods of research in international
- trade,
- the PhD. student is able to formulate new hypotheses and apply new approaches in his own research relating to partial topic of international trade,
- ability to answer relevantly the professional questions from international trade before the examination commission in a broader context referring to the topic of the seminar work, course content, but also multidisciplinary scope.
Students will gain following competences:
- by participating in lectures and seminars, as well as by preparing a seminar paper, an understanding of scientific approaches in modern international trade and the issue of global value chains at the scientific level,
- critical evaluation of the problem formulated in the form of case studies and the argumentation of own attitude based on processed primary data,
- orientation in advanced databases of statistics and platforms of international trade (OECD, ITC, WTO, Amadeus, etc.), as well as databases of scientific works of fundamental importance in the particular field,
- own critical evaluation and synthesis of theoretical knowledge, formulation of own approaches and research methods, presentation of research results in the field of international trade,
- active and relevant participation within the thematic profile discussions based on data and facts, formulation of the key findings and outcomes of the research using synthesis, competences to defend own research and data based opinion within the discussions at the PhD. Students level as well as course teachers (committee).

Indicative content

• Macroeconomic definition of international trade in the theories of renowned economists.
• Specifics of the international energy market.
• Dynamics of the position of selected countries in international trade.
• Theoretical definition of global value chains. Critical assessment of the V4 countries´ participation in GVCs and its triggers.
• Current trends in value chain research and their application in the Slovak Republic.
• The phenomenon of competitiveness in international trade. Export competitiveness and its meaning.
• New trends in payment instruments in international trade and international marketing.
• Digitization and the impact of Industry 4.0. Preparedness of economies for implementation Industry 4.0.
• Selected aspects of international business operations.

Support literature

BALÁŽ, Peter - Stanislav ZÁBOJNÍK - Elena KAŠŤÁKOVÁ, et al. Medzinárodné podnikanie. Bratislava: Sprint2, 2019, 304 s. Economics. ISBN 978-80-89710-51-5.
MUCHOVÁ, Eva. Makroekonómia otvorenej ekonomiky. Bratislava: IURA EDITION, 2005, 160 s. Ekonómia. ISBN 80-8078-023-4.
FEENSTRA, Robert C. Advanced International Trade: Theory and Evidence – Second Edition. 422 s. ISBN: 1319127630, 2017.
KAŠŤÁKOVÁ, Elena - DRIENIKOVÁ, Kristína - ZUBAĽOVÁ, Ľubica. Impact of the Geopolitical Changes on the EU Foreign Trade Relations with Selected Territories : Implications for the Slovak Economy. Reviewers: T.M. Isachenko, Peter Baláž. 1st Edition. Saint Petersburg : Saint Petersburg University Press, 2019. 246 s. [15,5 AH]. VEGA 1/0546/17. ISBN 978-5-288-05988-9.
KAŠŤÁKOVÁ, Elena - LUPTÁKOVÁ, Anabela. Position of the Russian Federation in the Foreign Trade of the Visegrad Group Region. Reviewers: Nadezhda N. Bashkirova, Zuzana Kittová. 1. vydanie. Praha : GUPRESS, 2020. CD-ROM 137 s. [6,38 AH]. VEGA 1/0039/20. ISBN 978-80-904926-6-0.
BALÁŽ, Peter - ZÁBOJNÍK, Stanislav - HARVÁNEK, Lukáš. China's Expansion in International Business : The Geopolitical Impact on the World Economy. Cham: Palgrave Macmillan/Springer Nature, 2019. 335 s. [16,75 AH]. Palgrave Macmillan Asian Business Series. ISBN 978-3-030-21911-6. ISSN 2661-8435.
BALÁŽ, Peter - SZÖKEOVÁ, Silvia - ZÁBOJNÍK, Stanislav. Čínska ekonomika : nová dimenzia globalizácie svetového hospodárstva : (bude XXI. storočie storočím Číny?). 1. vyd. Bratislava : Sprint 2, 2012. 279 s. Economics. MSM 6138439909, VEGA 1/0826/12. ISBN 978-80-89393-89-3.
VINER, J. Studies in the Theory of International Trade. Routledge. Landmarks in the history of economic thought. 2016. 670 p. ISBN: 9781315409597
MARJIT, S. – SAIBAL, K. International Trade, Welfare, and the Theory of General Equilibrium. Cambridge University Press. 2018. 250 p. ISBN: 978-1108473873
KRUGMAN, R. Paul - OBSTFELD, Maurice - MELITZ, J. Marc. International trade: Theory and policy. Pearson Education Limited, 2018.
Články
KAŠŤÁKOVÁ, Elena. Vplyv komparatívnych výhod na prehlbovanie vzájomných zahraničnoobchodných vzťahov Slovenska s Ruskom. In Ekonomický časopis : časopis pre ekonomickú teóriu, hospodársku politiku, spoločensko-ekonomické prognózovanie. Bratislava : Ekonomický ústav SAV : Prognostický ústav SAV, 2012, roč. 60, č. 7, s. 746-762. ISSN 0013-3035.
KAŠŤÁKOVÁ, Elena - BAUMGARTNER, Boris - ŽATKO, Matúš. The Impact of the Russian Embargo on its Agri-Food Trade with the EU: Analysis by Selected Indicators. - Registrovaný: Scopus. In Vestnik meždunarodnych organizacij : obrazovanije, nauka, novaja ekonomika. - Moscow: National Research University Higher School of Economics. 2018, vol. 13, no. 4, pp. 256-271. ISSN 1996-7845.
KAŠŤÁKOVÁ, Elena - ŽATKO, Matúš – BARINKOVÁ, Natália. The Current State of and Perspectives on Foreign Trade Between the EU and Central Asia in a Period of Geoeconomic Change. - Registrovaný: Scopus. In Vestnik meždunarodnych organizacij : obrazovanije, nauka, novaja ekonomika. - Moscow : National Research University Higher School of Economics. ISSN 1996-7845, 2021, vol. 16, no. 1.
BALÁŽ, Peter - ZÁBOJNÍK, Stanislav. Contemporary development of the commodity markets-consequences and challenges for revitalization of world economy. In Ekonomický časopis : časopis pre ekonomickú teóriu a hospodársku politiku, spoločensko-ekonomické prognózovanie. Bratislava : Ekonomický ústav SAV : Prognostický ústav SAV, 2010, roč. 58, č. 9, s. 938-957. ISSN 0013-3035.
ZÁBOJNÍK, Stanislav. Dekarbonizácia a dynamika exportu priemyselných exportérov SR: habilitačná prednáška: odbor habilitačného konania: Medzinárodné podnikanie. Bratislava: Vydavateľstvo EKONÓM, 2020, 100 s. Habilitačné a inauguračné prednášky. ISBN 978-80-225-4719-2.
WIEDMANN, Thomas; LENZEN, Manfred. Environmental and social footprints of international trade. Nature Geoscience, 2018, Vol. 11, No 5, p. 314-321.
GRUSZCZYNSKI, Lukasz. The COVID-19 pandemic and international trade: Temporary turbulence or paradigm shift? European Journal of Risk Regulation, 2020, Vol. 11, No 2, p. 337-342.

Syllabus

• Contemporary international trade theories in the works of distinguished economists. • Global value chains (GVCs) - definition, transformations, trends in fragmentation and localization, application on the Slovak economy. Investigation of trends in international trade through TiVA parameters. • New scientific approaches in the field of GVCs transformation. • Scientific polemics on the definition of international competitiveness, the Porter vs. Krugman approach, international energy market - trends, impact of decarbonization, price volatility and impact on terms of trade of selected economies. • Territorial analyses of "emerging markets" and consequences for the territorial and commodity structure of international trade (goods and commercial services) and international business (foreign direct investment). • Determinants of exporters’ competitiveness and their application in the works of contemporary authors. • Industry 4.0 and the impact on international trade, digitization of international trade and its specifics, digitization of payment system and adaptation of international marketing. • Selected aspects and new trends in international business operations, classic vs. innovative approaches.

Requirements to complete the course

• 10% - Active participation in discussion within the consultations
• 30% - Semester work
• 60% - Colloquium in front of the committee and defense of the semester work
Semestral works are problem-oriented (formulated) assignments on the chosen scientific topic, the topics will be published before the beginning of the semester.

Student workload

Total: study load 10 credits x 26 h = 260 hours
Separate study load for individual educational activities:
Participation in consultations: 16 hours
Preparation for consultations: 26 hours
Elaboration of semester work: 78 hours
Preparation for colloquium related to the semester work: 156 hours

Language whose command is required to complete the course

Slovak, English

Date of approval: 02.04.2023

Date of the latest change: 16.01.2022