Integration and Regionalization of the World Economy
Instructor: Драган Глигорић, PhD, Associate Professor
The purpose of studying this subject is for students to learn the basics and principles of modern developments in the world economy in order to understand the role of integration processes and their impact on economic developments in the world. The knowledge gained in this subject is complemented with the knowledge acquired in other similar subjects in the department of International Economics.
| Code : | 2О14МИРС |
|---|---|
| Status: | C |
| Semestar: | 10th |
| Number of classes per week: | 2+2 |
| ЕECTS: | 5 |
| Teachers: |
Драган Глигорић,
PhD Associate Professor Огњен Ерић, PhD Associate Professor |
| Prerequisites: | |
| Learning Outcomes (gained knowledge): | The students get a clear knowledge and idea about integrative processes in the world and their impact on trade and financial flows. Upon successful completion of this subject the students will be able to familiarize themselves with the theories of regional integration, to describe the different regional integrations and their impact on the world trade, they will be able to realize the economic benefits and importance of regional cooperation, to state and explain the theories of globalization, and the basics of economic trends in global terms, to thoroughly familiarize themselves with the global position of the European Union and the United States of America. Finally, they will successfully examine the impact of the world economic crisis on the integration processes and plans for the creation of future regional integrations. |
| Subject Contents: | Regional economic integration theories, motives and effects, institutional forms of international integrations; Characteristics and trends in the world economy, features, global processes, current challenges; Integration of commodity flows; Development of international trade and impact of integrations on international trade; Development and integration of financial flows; Characteristics of international capital flows; Integration of the labor market - labor mobility, competitiveness of certain regions; Role of transnational companies in the integration of the world economy, forms of TNCs, forms of business operations and effect of the integration processes; The European Union as a regional and global actor. The most significant regional integrations in the world. |
| Teaching Methods and Learning Activities: | Lectures, exercises, seminar classes which include the preparation and presentation of papers, group presentations and discussions on the given topic. |
| Literature: | Krugman, P.; Obstfeld, М. (2009). International Economics, Theory and Policy. Belgrade: Data Status; Jovanović, M. (2006). European economic integrations. Belgrade: CID; Vukmirica, V. (2012). Economics and contemporary economic systems. East Sarajevo: East Sarajevo: Institute for Textbook Publishing and Teaching Aids. |
| Types of Assessment for the subject: | Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points) |
| Special Remarks for the subject: |