Introduction to European and International Economics


Lecturer: Prof. Mishael Milakovic, PhD

Today’s economies are increasingly linked through trade and financial flows, with important consequences for national employment, consumption, and firm investment that are typically summarized under the colloquial but rather vague term of “globalization.” Its consequences are severely debated and often take center stage in national political programs. This course aims at providing a comprehensive (albeit introductory) overview of fundamental issues in the theory of international economics and finance, taking into account various contemporary debates on the costs and benefits of globalization.

Topics include (but are not limited to) the following:

i) classical theories of international trade (Smith, Ricardo)

ii) standard theories of trade (Heckscher-Ohlin, gravitation models)

iii) the political economy of trade

iv) basic concepts of balance of payments accounting and exchange rate determination

v) macroeconomic implications of fixed and floating exchange rate regimes.


This course is taught in English.

More information on this course can be found in Univis and here:

Introduction to European and International Economics(70.7 KB)