Theories of International Economic Relations

Teaching results

This course provides an analysis of the economic relationships between countries, covering trade issues. The course deals with international trade theory and policy. You will explore important topics such as why countries trade with each other and the effect of international trade on welfare. Reviewing significant historical events such as the Great Depression in the 1930s and the Bretton Woods conference in 1944, you will be given frameworks for interpreting such events. By the end of the course, you will be able to apply the theory and economic frameworks to analyse the landscape of international economic relations.
Main learning outcomes in terms of knowledge:
• understand the basic terminology, principles of operation of processes and phenomena and the essence of facts from the field of international economic relations, including international trade
• the ability to assess the basic trends in the current world economy from the point of view of international trade,
• mastering the peculiarities and specifics of individual theoretical concepts, getting acquainted with the historical context of the formation of theories of international trade, understanding the key issues of the current exchange of goods and services.
Skills of learning outcomes:
• During the study, the graduate will gain theoretical knowledge that will allow him to critically and effectively analyze current trends in international trade,
• Develops the ability of logical and abstract thinking, which will contribute to the overall development of analytical thinking.
Learning outcomes in the field of acquisition of competencies:
• will be able to think critically and abstractly relevant facts in the field of international economic relations,
• understanding the specifics of international trade in international economic relations, the ability to identify key features and trends in international economic relations and determine the specifics of their development.