World Economy 2
- Credits: 6
- Ending: Examination
- Range: 2P + 2C
- Semester: winter
- Year: 1
- Faculty of International Relations
Teachers
Included in study programs
Teaching results
The aim of the course is to understand the issues of economic development of the countries of
North and Latin America. The main task of the course is to present economic development in the
context of political changes in order to understand the basic historical and economic context and
specifics of the region. The emphasis is put not only on economic history, but also on understanding the current economic situation based on historical events. The course is designed on the basis of the so-called case studies of the development of individual economic milestones in the history of selected countries in the region, solutions to economic crises and analysis of development plans for the future.
Knowledge
The student will gain knowledge about economic and historical development in the region, the
context of this development, will understand the conditions of economic formation of individual
states.
Competence
Graduate of the course International Economics 2 will be oriented in the position of the region in the world economy and will be able to predict its development as well as possible further participation in world trade and integration groups, will understand economic policy of the region,
especially the foreign economic policy.
Skills
After completing the course, the student should:
- Understand the economic and political development in selected countries of the region
Indicative content
The region of Latin America in the current world economy. Introduction to the economic history of Latin America. Integration in Latin America, Latin America in international trade. Brazil in the current world economy. Brazil - historical and economic development. Argentina in the current world economy. Argentina - historical and economic development. Chile in the world economy. Cuba in the world economy. Mexico in the world economy. Canada in the world economy. USA in the world economy. USA – historical milestones and economic history.
Support literature
BACULÁKOVÁ, K., JANUBOVÁ, B., JANČOVIČ, P. 2023. Latinská Amerika. Vybrané kapitoly zo Svetovej ekonomiky. Bratislava. Ekonóm. ISBN 978-90-225-5071-0
LIPKOVÁ, Ľudmila et al. Svetová ekonomika – Vybrané kapitoly (Amerika). Bratislava EKONÓM, 2020. ISBN 978-80-225-4784-0.
MARSHALL, T: Prisoners of Geography - Chapter 9. Elliott and Thompson Limited. 2015
OCAMPO, J. A. – ROS, J.: The Oxford Handbook of Latin American Economics. Oxford. 2014.
REID, M.: Forgotten Continent – A History of the new Latin America. Yale University Press. 2017.
SÁNCHEZ-ANCOCHEA, D.: The Costs of Inequality in Latin America. Bloomsbury Publishing Plc. 2021.
MYERS, M. – WISE, C.: The Political Economy of China-America Relationns in the new Millenium. Routledge. 2017.
CEPALSTAT: Statistical Databases and Publications.
LAWRENCE, A. et al. 2017. New History of Modern Latin America. California. University of
California Press. ISBN 0520289021
EDWARDS, S. 1995. Crisis and Reform in Latin America: From Despair to Hope. World Bank.
ISBN 978-0195211054
SHERMAN, J.W. 2019. Latin America in crisis. Routledge. ISBN 78-0367316563
DEVLIN, R. 2016. Debt and Crisis in Latin America: The Supply Side of the Story. Princetion
University Press. ISBN: 9780691634272
SACHS, Jeffrey – SANDERS, Bernie: Building the New American Economy – Smart, Fair and
Sustanaible. Columbia University Press. 2018. 152 pages. ISBN 9780231184052.
WRIGHT, Robert,E.: One Nation Under Debt – Hamilton, Jefferson and History of What We
Owe. McGraw Hill Publisher, 2008. 256 pages. ISBN 0071543937.
WALTER, Greason - GORMAN, Wiliam, M.- ZIOBRO, Melissa: The American Economy.
Kendall Hunt Publishing. 2016. 198 pages. ISBN 9781524902675.
BAER, Werner: The Brazilian Economy – Growth and Developement. Lynne Rienner Publishers.
2007. 500 pages. ISBN: 9781588264756.
KINGSTONE, Peter: The Political Econony of Latin America: Reflection on Neoliberalism and
Developement after Commodity Boom. Routledge. 2018. 216 pages. ISBN 9781138926998.
Syllabus
1. The region of Latin America in the current world economy 2. Introduction to the economic history of Latin America 3. Integration in Latin America, Latin America in international trade 4. Brazil in the current world economy 5. Brazil - historical and economic development 6. Argentina in the current world economy 7. Argentina - historical and economic development 8. Chile in the world economy 9. Cuba in the world economy 10. Mexico in the world economy 11. Canada in the world economy 12. USA in the world economy 13. USA – historical milestones and economic history
Requirements to complete the course
The final grade is based on continuous control during the semester and the verbal exam, as follows:
40% of the total assessment of the course consists of continuous control during the study (news 5%, presentations 10%, seminar test 25%). The final evaluation is in the form of a verbal exam (which represents 60% of the total evaluation of the course).
Student workload
participation in lectures 26 h, participation in seminars 26 h, preparation for seminars including presentation of news 26 h, preparation for exam 78h
Language whose command is required to complete the course
Slovak
Date of approval: 13.03.2024
Date of the latest change: 09.04.2025