(in Polish) International Economics 1100-ER-E-IntEc

The subject range covers the following topics:

I. National income accounting and the balance of payments
1. The national income accounts
2. National income accounting for an open economy
3. The balance of payments accounts
II. Exchange rates and the foreign exchange market: an asset approach
1. Exchange rates and international transactions
2. The foreign exchange market
3. The demand for foreign currency assets
4. Equilibrium in the foreign exchange market
5. Interest rates, expectations, and equilibrium
III. Money, interest rates, and exchange rates
1. The demand for money
2. The money market and the equilibrium
3. The equilibrium interest rate: the interaction of money
4. The money supply and the exchange rate in the short run and in the long run
5. Inflation and exchange rate dynamics
IV. Price levels and the exchange rate in the long run
1. The law of one price
2. Purchasing power parity
3. A long-run exchange rate model based on PPP
4. Real exchange rate
5. Nominal and real exchange rate in the equilibrium
V. Output and the exchange rate in the short run
1. Output market equilibrium in the short run: the DD schedule
2. Asset market equilibrium in the short run: the AA schedule
3. Short-run equilibrium for an open economy: the DD-AA model
4. Temporary changes in monetary and fiscal policy
5. Permanent changes in monetary and fiscal policy
6. The J-Curve
VI. Fixed exchange rates and foreign exchange intervention
1. Central bank intervention and the money supply
2. How the central bank fixes the exchange rate
3. Stabilization policies with a fixed exchange rate
4. Balance of payments crises and capital flight
5. Reserve currencies in the world monetary system
6. The gold standard
VII. International monetary systems: an historical overview
1. Macroeconomic policy goals in an open economy
2. Classifying monetary systems: the open-economy trilemma
3. International macroeconomic policy under the gold standard, 1870–1914
4. The interwar years, 1918–1939
5. The Bretton Woods system and the International Monetary Fund
VIII. Financial globalization: opportunity and crisis
1. The international capital market and the gains from trade
2. International banking and the international capital market
3. Regulating international banking
IX. Optimum Currency Areas and the Euro
1. The evolution of the European single currency
2. The Euro and economic policy in the Euro Zone
3. The theory of optimum currency areas
X. Developing countries: growth, crisis, and reform
1. Income, wealth and growth in the world economy
2. Structural features of developing
3. Developing-country borrowing and debt
4. East Asia: success and crisis