Economic Globalization
Course: Economics (English/Ukrainian Taught)
Structural unit: Faculty of Economics
            Title
        
        
            Economic Globalization 
        
    
            Code
        
        
            ВК 2
        
    
            Module type 
        
        
            Вибіркова дисципліна для ОП
        
    
            Educational cycle
        
        
            First
        
    
            Year of study when the component is delivered
        
        
            2023/2024
        
    
            Semester/trimester when the component is delivered
        
        
            6 Semester
        
    
            Number of ECTS credits allocated
        
        
            7
        
    
            Learning outcomes
        
        
            To know the nature, milestones and development trends of the globalization of the economy, economic systems; the mechanism of functioning of global and regional economic systems, their principles, methods and forms of organization. Be able to determine the characteristics of the functioning of international markets in the conditions of globalization; analyze the effectiveness of economic solutions proposed by the government or international organizations, trying to achieve stability in the national economic system; use methods of organization and analysis of information to identify regularities in the functioning of the international economic system. Demonstrate a critical understanding of the economic prerequisites of monetary and financial crises in the XX-XXI centuries; ensure wellthought-out decision-making based on the purpose and specifics of the activities of international institutions. 
        
    
            Form of study
        
        
            Full-time form
        
    
            Prerequisites and co-requisites
        
        
            Knowledge of the basic theoretical aspects of the functioning of the economy. Ability to use the methodological tools of economics for monitoring, analyzing and organizing information on economic phenomena and processes at the level of the national economy. Availability of skills in economic analysis and modeling.
        
    
            Course content
        
        
            The course introduces students to the role and impact of economic globalization on national and regional economic systems. An overview of the global economic system provides perspectives on the development of the main elements of national economies and aspects that contribute to internationalization and globalization. The peculiarities of the distribution of advantages and disadvantages of globalization are considered, the measures to counteract the negative consequences proposed by economists, scientists and practitioners to solve the main problem - the uneven distribution of losses are studied. The discipline allows students to develop fundamental knowledge about the nature, structure and functioning of the economic and financial systems of the world’s regions, their evolution and the impact of globalization effects.
        
    
            Recommended or required reading and other learning resources/tools
        
        
            1. International Monetary Fund. 2020. Global Financial Stability Report: Markets in the Time of COVID-19. // International Monetary Fund. 2020. 
2. Chambers, David and Dimson, Elroy, Financial Market History: Reflections on the Past for Investors Today (December 27, 2016). CFA Institute Research Foundation 2016M-3, Available at SSRN: https://ssrn.com/abstract=2930862 
3. Siegel Laurence B. Insights into the Global Financial Crisis // The Research Foundation of CFA Institute. 2009. https://www.cfainstitute.org/en/research/foundation/2009/insights-into-theglobal-financial-crisis-full-book 
4. Fabozzi Frank J. et al. Investment Management after the Global Financial Crisis // The Research Foundation of CFA Institute. 2010. https://www.cfainstitute.org/research/foundation/2010/investment-management-after-the-globalfinancial-crisis 
        
    
            Planned learning activities and teaching methods
        
        
            Lecture, seminar, individual student’s self-study, exam
        
    
            Assessment methods and criteria
        
        
            - semester assessment 60 points maximum / 36 points minimum: 
1. Participation in seminars (theoretical discussions, projects, participation in groups) (SR 1, 3) - 20 points / 12 points 
2. Practical tasks (LR 1, 2, 3) - 5 points / 3 points 
3. Presentation (LR 2, 3, 4) - 10 points / 6 points 
4. Situational cases (LR 2) - 5 points / 3 points 
5. Preparation and defense of an individual project (LR 3, 4) - 20 points / 12 points 
- final assessment in the form of an exam 
A student is not allowed to take the exam if he/she received less than 36 points during the semester. 
If the student's grade on the exam is lower than the minimum threshold level (24 points), the points for the exam are not added to the semester grade (considered equal to zero), and the final grade in the discipline is unsatisfactory
        
    
            Language of instruction
        
        
            English
        
    Lecturers
This discipline is taught by the following teachers
                    Department of Economic Theory, Macro- and Microeconomics 
Faculty of Economics
            Faculty of Economics
Departments
The following departments are involved in teaching the above discipline
                        Department of Economic Theory, Macro- and Microeconomics
                    
                    
                        Faculty of Economics