Course ID 17СТ18
  • Trade and International Business
Number of classes 2+2
Semester 3
Status Core
The main objective of the course is to familiarize students of undergraduate studies with important concepts of international economics and business, that is, understanding and following the characteristics and trends of the modern world economy; getting acquainted with the motives of the creation, development and operation of transnational companies and their influence on the process of globalization of the World economy; introduction to and mastering the basic concepts related to the emergence and functioning of economic integration. Also, the goal is to bring students closer to the causes and consequences of the process of integration and disintegration, which simultaneously and parallelly take place in the contemporary world economy. In this sense, the course International Economics aims to inform students in a contemporary and concrete way about relevant factors and ways of doing business in enterprises in the globalized World economy.
The course International Economics provides students with the necessary basis for understanding contemporary world trade in goods, services and intellectual property. By mastering the course, students will be able to:
• apply the knowledge about the theoretical and methodological basis of the international economy functioning,
• gain insight into the regulation of supranational institutional frameworks and economic policy in certain segments of the international economy,
• analyse external factors of business performed by companies and national economies as well as to make optimal business and macroeconomic decisions,
• monitor internationally regulated business flows and apply them to the domestic business environment, as the basis for the expansion of export activity of an enterprise.
Theoretical training
• Economies of scale, imperfect competition and international exchange.
• Economic growth and international trade.
• Cross-border restrictions; customs, non-tariff barriers and new protectionism.
• Economic integration: customs unions and free trade zones.
• The international trade and economic development.
• The international movement of resources and multinational corporations.
• Exchange markets and exchange rates; determining the exchange rate.
• The European monetary system and coordination of macroeconomic policies.
• International monetary system.

Practical training
• Lectures, practice classes, seminar papers, case studies.
Симић, Ј., & Ђурић, Д. (2013). Међународна економија. Нови Сад: Алфа-граф.

Салваторе, Д. (2014). Међународна економија. Београд: Економски факултет.

Грегори, П. Р., & Стјуарт, Р. С. (2014). Глобална економија и њени економски системи. Београд: Економски факултет у Београду.
Lectures, interactive practice classes, team work.
Assessment (maximum number of points – 100)
Exam Requirements 45 points Final exam 55 points
Attendance 5 Written exam 55
Ongoing assessment 30 Oral exam  
Class participation 10    
Case  study