World Economy

  • Credits: 5
  • Ending: Examination
  • Range: 2P + 2C
  • Semester: summer
  • Year: 2
  • Faculty of Business Economics with seat in Košice

Teachers

Included in study programs

Business Economics and Management

Teaching results

The aim of the course is to provide knowledge about the composition and functioning of the world economy. Special attention is paid to the resources in the world economy - natural, human and financial as well as the sectoral structure of the world economy. Orientation in the issues of globalization, global crisis and future development of the world economy. We evaluate the position of the Slovak Republic in the world economy.
Knowledge:
• controlling the theoretical apparatus of research of the world economy, knowledge of the historical development of the world economy, knowledge of the importance of human resources in the world economy, knowledge of the importance and use of selected natural, resources in the world economy (oil, coal, natural gas, commodities, knowledge from the sectoral structure of the world economy /energy, agriculture, industry and service /, ability to understand and explain current problems of the world economy.
Skills:
• orientation in the sectoral structure of the world economy, orientation in the position and importance of important commodities, access to sources of information from databases WB, IMF, OECD, UN, ILO. Orientation in databases and reports WEO, FAO, IDR; WIR.
Competences:
• orientation in the structure of the world economy, knowledge of the realities of the world economy - key states, corporations and people.

Indicative content

Lectures:
1. Introduction to the study of the world economy.
2. Current state and structure of the world economy.
3. Integration in the world economy.
4. Globalization in the world economy. The future of the world economy.
5. The global financial and economic crisis (2008/2009) and its impact on the world economy.
6. Slovakia in the world economy. Development of the Slovak economy, history, position, development in SH.
7. Natural resources in the world economy 1 part. (importance of resources, oil, coal).
8. Natural resources in the world economy 2.part (importance of resources, natural gas, gold, metals).
9. Human resources in the world economy.
10. World agriculture.
11. World industry (Industry 4.0). World services.
12. Financial resources in the world economy.
13. Transport in the world economy. The future of the world economy.
Seminars:
1. Selected activities at seminars according to the choice of country and whole
2. Processing of basic information and position of the country in the world economy with an orientation on natural resources in the country and in the world economy
3. Human resources in world economy
4. financial resources in world economy
5. Branch structure of world economy – industry
6. Branch structure of world economy - agriculture;
7. Branch structure of world economy - services
8. Evaluation of the impacts of integration and globalization on the selected country.
9. Development of prices of selected commodities - according to the tasks in the course
10. Development of prices of selected commodities - according to the tasks in the course
11. KOF index, HDI index - according to the tasks in the course
12. indicators WB, FAO - according to the tasks in the course
13. Indicators WIR, IDR, SDG goals - according to the tasks in the course

Support literature

Elementary literature:
1. DUDÁŠ, T. a kol. 2017. Svetová ekonomika. Bratislava : Vydavateľstvo EKONÓM, 2017. 268 s. ISBN 978-80-225-4352-1
2. LIPKOVÁ, Ľudmila, Barbora JANUBOVÁ a Marcel KORDOŠ. Svetová ekonomika - vybrané kapitoly (Amerika). Bratislava: EKONÓM, 2020, 144 s. ISBN 978-80-225-4784-0.
3. DUDÁŠ, T. a kol. 2011: Svetová ekonomika - sektorový aspekt. 2. dopl. vyd. Bratislava : Vydavateľstvo EKONÓM, 2011. 266 s. ISBN 978-80-225-3177-1
Supplementary literature
4. STUTZ, F. 2011. The World Economy: Geography, Business, Development (6th Edition). Prentice Hall, 2011.
5. SOUKUP J. a kol. 2015. Zdroje a perspektívy evropských ekonomik. Na počátku 21. století v kontextu soudobé globalizace. Managment Press Praha, Praha, 2015, 151s. ISBN 978-80-7261-2819
6. BALDWIN, R. – WYPLOSZ, Ch. 2013. Ekonomie evropské integrace.4. vydanie /preklad z originálu/. Grada publishing 2013. 584s. ISBN 978-80-247-4568-8
7. BALDWIN, R. – WYPLOSZ, Ch. 2012. The Economics of European Integration. McGraw-Hill Education (UK) Limited, 4th edition, 2012. 584s. ISBN 978-80-247-4568-8
8. CIHELKOVÁ, E. a kol.2009. Světová ekonomika. Obecné trendy rozvoje.C. H. Beck, 2009.
9. TRIBE, K. 2015. Economy of The Word. Lanquage, History, and Economics. Oxford Scholarship, 352 s., ISBN: 9780190211615

Syllabus

Lectures: 1. Introduction to the study of the world economy. 2. Current state and structure of the world economy. 3. Integration in the world economy. 4. Globalization in the world economy. The future of the world economy. 5. The global financial and economic crisis (2008/2009) and its impact on the world economy. 6. Slovakia in the world economy. Development of the Slovak economy, history, position, development in SH. 7. Natural resources in the world economy 1 part. (importance of resources, oil, coal). 8. Natural resources in the world economy 2.part (importance of resources, natural gas, gold, metals). 9. Human resources in the world economy. 10. World agriculture. 11. World industry (Industry 4.0). World services. 12. Financial resources in the world economy. 13. Transport in the world economy. The future of the world economy. Seminars: 1. Selected activities at seminars according to the choice of country and whole 2. Processing of basic information and position of the country in the world economy with an orientation on natural resources in the country and in the world economy 3. Human resources in world economy 4. financial resources in world economy 5. Branch structure of world economy – industry 6. Branch structure of world economy - agriculture; 7. Branch structure of world economy - services 8. Evaluation of the impacts of integration and globalization on the selected country. 9. Development of prices of selected commodities - according to the tasks in the course 10. Development of prices of selected commodities - according to the tasks in the course 11. KOF index, HDI index - according to the tasks in the course 12. indicators WB, FAO - according to the tasks in the course 13. Indicators WIR, IDR, SDG goals - according to the tasks in the course

Requirements to complete the course

Continuous assessment: 40%
• 10% - activities in the e-learning course - online form according to the tasks in the e-learning course
• 10% - evaluation of the student presentation at the seminar - by completing the activity in the e-learning course according to the tasks in the e-learning course
• 20% - evaluation of the semester work - by completing the activity in the e-learning course - online form according to the tasks in the e-learning course
Final assessment: 60%
• Exam: final written exam - test /in an e-learning course/
Total: 100 %

Student workload

Attendance at consultations: 26 hours.
Self-study: 26 hours
Elaboration of semester work: 26 hours.
Preparation for the exam: 52 hours
Total load: 130 hours

Language whose command is required to complete the course

Slovak

Date of approval: 18.02.2022

Date of the latest change: 24.01.2022