Introduction to World Economy

2025/2026

Учебный год

ENG

Обучение ведется на английском языке

3

Кредиты

Кто читает:

Факультет мировой экономики и мировой политики

Статус:

Курс обязательный

Когда читается:

2-й курс, 1, 2 модуль

Преподаватель

Тюшкевич Юлия Андреевна

Course Syllabus

Abstract

Introduction to the World Economy is a one-semester course offered to the second-year students of all specializations. The course purports to introduce the students to the most topical issues of the global economy, including inequality, migration, trade wars, and climate change. We start by reviewing the factors behind the historical development of capitalist economies and their amalgamation into one and seek to link these factors to the key theories in the field. In the course of our subsequent discussion, we come to explore and assess the different policies addressing the challenges world economy faces, including hunger, pension crisis, poverty, and others, their societal and political implications, as well as idiosyncrasies of these challenges in specific parts of the world. As the sole prerequisite, the students are expected to have mastered the first-year introductory course in economic theory.

Learning Objectives

• Trace the historical trajectory of capitalist development and global economic integration, linking key events to the theoretical frameworks that seek to explain them.
• Identify the fundamental drivers and multifaceted consequences of the most pressing issues in the contemporary world economy, including inequality, migration, trade conflicts, and environmental change.
• Critically assess the efficacy of policy instruments designed to address global challenges such as poverty, hunger, and demographic shifts, weighing their economic, societal, and political implications.
• Compare and contrast how global economic challenges manifest in and are addressed by different regions of the world, appreciating the role of local institutions, history, and political economies.

Expected Learning Outcomes

• Articulate the historical evolution of the global capitalist system and explain how core economic theories emerged from and inform this historical context.
• Diagnose the complex economic roots of contemporary global challenges, such as inequality and climate change, by analyzing their interconnectedness with political and social systems.
• Evaluate the potential effectiveness and trade-offs of different national and international policies aimed at addressing issues like poverty or pension crises, considering their distinct impacts on various societal groups.
• Compare how universal economic pressures, such as trade wars or migration flows, produce distinct outcomes and policy responses in different regional contexts.
• Perform a well-reasoned, evidence-based argument on a topical issue in the world economy, synthesizing theoretical insights, empirical data, and an understanding of political feasibility.

Course Contents

• History of the World Economy. Globalization.
• Economic Growth and its Factors. Cycles and Crises.
• International Trade. Integration.
• Resources in the Global Economy.
• Global Energy.
• Demography and Migration.
• Social Structure of Society.
• International Finance.

Assessment Elements

• Classwork
• Group project
• Final Exam
• In-class quizzes

Interim Assessment

• 2025/2026 2nd module
  0.2 * Classwork + 0.4 * Final Exam + 0.2 * Group project + 0.2 * In-class quizzes

Bibliography

Recommended Core Bibliography

• Institutions, institutional chance and economic performance, North, D. C., 2003
• Institutions, institutional change and economic performance, North, D. C., 2004
• International economic integration : limits and prospects, Jovanovic, M. N., 1998
• International economic integration : limits and prospects, Jovanovic, M. N., 2004
• International economics : theory & policy, Krugman, P. R., Obstfeld, M., 2009

Recommended Additional Bibliography

• North, D. C. (1990). Institutions, Institutional Change and Economic Performance. Cambridge: Cambridge University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=510978

Authors

• Вишнякова Наталия Владимировна
• TYUSHKEVICH YULIA ANDREEVNA
• Zakharova Elizaveta Sergeevna
• Кузнецова Елена Викторовна
• Korneev Oleg Vladimirovich