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