International Economics: Trade &Finance(E)

level of course unit

First Cycle

Learning outcomes of course unit

Students should get clear understanding of the theory and
practice of the Modern International Economics, of its both
fundamental components – International Trade &
International Finance.

prerequisites and co-requisites


course contents

1. International Trade Theory (Comparative
Advantage Theory, World Resources, Standard
Trade Model, Firms in the Global Economy)
2. International Trade Policy (Instruments, Political
Economy, Controversies)
3. Exchange Rates and Open Economy
Macroeconomics (Money, Interest Rates and
Exchange Rates; Purchasing Power Parity;
Exchange Rate Models)
4. International Macroeconomics Policy (International
Monetary Systems, Financial Globalization)

recommended or required reading

1. Paul R. Krugman, Maurice Obstfeld and Marc Melitz, “International Economics: Theory and Policy”, 11th ed., Pearson, 2018.
2. Robert C. Feenstra and Alan M. Taylor, “International Economics”, 3rd ed., Worth Publishers, 2014.
3. John McLaren,” International Trade”, Wiley, 2013.
4. Adrian Buckley, “International Finance: A Practical Perspective”, Pearson, 2012.

assessment methods and criteria

Final examination

language of instruction


number of ECTS credits allocated


eLearning quota in percent


course-hours-per-week (chw)


planned learning activities and teaching methods

Presentation, discussion, individual and group work

semester/trimester when the course unit is delivered


name of lecturer(s)

Dr. Vladimir Zenevitch

year of study


recommended optional program components


course unit code


type of course unit

integrated lecture

mode of delivery


work placement(s)

not applicable

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