Global Economy

Major: International Business
Code of subject: 7.292.01.O.001
Credits: 5.00
Department: Management and International Business
Lecturer: Dc. Sc. in Economics, Prof. Pyroh O.V.
Semester: 1 семестр
Mode of study: денна
Learning outcomes: GLO 2. To think creatively, show flexibility in decision-making based on logical arguments and verified facts in a limited time and resources based on the use of various diagnostic methodologies of leading international organizations GLO 4. Make informed decisions on the problems of international economic relations under uncertain conditions and requirements. GLO 7. Research and analyze models of development of national economies and justify measures to achieve their strategic goals in the transformation of world economic relations. GLO 8. To develop and research adaptive models of equalization of imbalances and leveling of threats of global development, to offer variants of the decision of problems by results of research. GLO 9. Monitor, analyze, evaluate the activities of global firms (corporations, strategic alliances, consortia, unions, trusts, etc.) in order to identify their competitive positions and advantages in world markets. GLO 10. Understand the patterns and trends of the world economy and the phenomenon of the new economy, taking into account the processes of intellectualization, informatization and scientific and technological exchange. GLO 14. Present the results of own research by preparing scientific publications and approbations at scientific events. Kn 1. Conceptual knowledge acquired in the process of learning and / or professional activity at the level of the latest achievements, which are the basis for original thinking and innovation, in particular in the context of research. А 2 Carrying out research and / or innovation activities А&R 1. Decision-making in complex and unpredictable conditions, which requires the application of new approaches and forecasting skills. А&R 2. Responsibility for the development of professional knowledge and effective application of accumulated practical experience, assessment of strategic development of the team.
Required prior and related subjects: - prerequisite: International Economic Relations, International Economics, Foreign Economics; - co-requisite: Social responsibility, Global problems of the world economy and international economic relations.
Summary of the subject: Formation and development of the global economy. Political economy of the global economic cycle. Technological resource of global economic development. The human resource of the global economy. Regulatory institutions of the global economy. Competition and leadership in the global economy.
Assessment methods and criteria: - Current control (30%): performance of laboratory works, oral examination; performance of control works (for part-time students); performance of an individual research task; - final control (70%): testing (50%), oral answer (20%).
Recommended books: 1. Pyroh O., Kalachenkova K., Kuybida V., Chmil H., Kiptenko V., Razumova O. The influence of factors on the level of digitalization of world economies // International Journal of Computer Science and Network Security. – 2021. – Vol. 21, No. 5. – P. 183–191. 2. Pyroh O., Prokopenko M., Chernobay L., Kovalenko R., Papizh Y., Syta Y. Management of business processes and export-import activity of industrial enterprises in the digital economy [Електронний ресурс] // Estudios de Economia Aplicada. – 2021. – Vol. 39, No. 5. 3. Arkolakis Costas, Ramondo Natalia, Rodriguez-Clare Andres, Yeaple Stephen. Innovation and Production in the Global Economy. American Economic Review 2018, 108(8). PP. 2128–2173. [On line]. https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.20141743 4. Baten Joerg. A History of the Global Economy. From 1500 to the Present. 2016. [On line]. https://books.google.com.ua/books?hl=uk&lr=&id=gmOKCwAAQBAJ&oi=fnd&pg=PR8&dq=global+economy&ots=Bh0G6fORIa&sig=8hEH_RR6vQf0xxF_mZfXSbWJzRs&redir_esc=y#v=onepage&q=global%20economy&f=false 5. Connecting to Compete 2016. Trade Logistics in the Global Economy. 2016. [On line]. https://elibrary.worldbank.org/doi/pdf/10.1596/24598 6. Dunning John H., Lundan Sarianna. Multinational Enterprises and the Global Economy (Second edit.). 2008. [On line]. https://books.google.com.ua/books?hl=uk&lr=&id=Hz6S4BGmGxUC&oi=fnd&pg=PR1&dq=global+economy&ots=HT0cOVgEZD&sig=Wh-rhFpmp0CNfmR0cnpRTP7_h8s&redir_esc=y#v=onepage&q=global%20economy&f=true