International Economics: Trade &
level of course unit
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 &
prerequisites and co-requisites
1. International Trade Theory (Comparative
Advantage Theory, World Resources, Standard
Trade Model, Firms in the Global Economy)
2. International Trade Policy (Instruments, Political
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. Kenneth A. Reinert, “An Introduction to International Economics”, 2nd ed., Cambridge University Press, 2021.
2. Paul R. Krugman, Maurice Obstfeld and Marc Melitz, “International Economics: Theory and Policy”, 11th ed., Pearson, 2018.
3. Robert C. Feenstra and Alan M. Taylor, “International Economics”, 3rd ed., Worth Publishers, 2014.
4. John McLaren,” International Trade”, Wiley, 2013.
5. Ayse Y. Evrensel, “International Finance for Dummies”, Wiley, 2013.
6. Adrian Buckley, “International Finance: A Practical Perspective”, Pearson, 2012.
assessment methods and criteria
language of instruction
number of ECTS credits allocated
eLearning quota in percent
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
mode of delivery