Course syllabus VSH - Vývoj světového hospodářství (FBE - SS 2018/2019)

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Course code:
Course title in Czech:
Vývoj světového hospodářství
Course title in English: -- item not defined --
SS 2018/2019
Mode of completion and number of credits:
Exam (4 credits)
Mode of delivery and timetabled classes:
full-time, 2/1 (hours of lectures per week / hours of seminars per week)
Level of course: bachelor
Course type:
Type of delivery:
usual, consulting
Mode of delivery for our mobility students abroad:
-- item not defined --
Language of instruction:
Course supervisor:
Course supervising department:
Department of Economics (FBE)
Faculty of Business and Economics
Ing. Michal Mádr, Ph.D. (examiner, instructor, lecturer, supervisor)
Prerequisites: not Final Bachelor Exam
Timetable in this semester:
Every week
Q35M. Mádr
Even week
Aim of the course and learning outcomes:
The course deals with the development of world economy since the half of 19th century to the present. The aim of course is to students will be able to understand to economic development in the major economic centres in a broader political and historical context.

Course content:
Stages in the world economy development (allowance 4/2)
Development of the world economy until 1945 (world economy before the First Industrial Revolution; the First and the Second Industrial Revolutions; economic consequences of the WWI; the Interwar period and Great Depression)
Development of the world economy since 1945 (economic consequences of the WW2 and the Post-war reconstruction; development in 50s and 60s; oil shocks in 70s; the Neo-conservative turn; economic development at the beginning of the new millennium; quantitative comparison of the economic centres)

2.Economic development in the most important economies (allowance 14/7)
Economic development in the United Kingdom (dominant position of Great Britain in 19th century; postwar economic crisis in 1920s; Stop-go policy; The British disease; Thatcherism; New Labour)
b.Economic development in the USA (cause of economic success; New Deal; position of USA since the WW2; Reaganomics; the Dot-com Bubble)
c.Economic development in Germany (Germany as industrial power before the WW1; hyperinflation in 1920s; war economy; Ordoliberalism and Erhard’s reform; the Post-war Economic Miracle; Kohl’s era; economic consequences of German reunification; current position of Germany in the European economy)
Economic development in France (economic situation at the turn of 19th and 20th century; indicative planning; France in the European integration process; current position of France in the European economy)
Economic development in Russia/USSR (Abolition of serfdom; Stolypin agrarian reforms; War Communism; the New Economic Policy; Collectivization and Industrialization; war economy; Council for Mutual Economic Assistance; Perestroika; economic transformation in 90s; current position of Russia in the world economy)
f.Economic development in Japan (the beginning of industrialization; militarization of Japanese economy; Japanese Economic Miracle; structural policy and indicative planning; “Lost Decade” in 90s; long-term problems of Japanese economy)
Economic development in China (Chinese economy before 1949; characteristics of Chinese centrally planned economy; reforms after 1978 and their results; position of China in the world economy at the begging of 21st century)

Economic development in the selected developing economies (allowance 2/1)
a.Economic development in the selected developing economies (developing economies; characteristics of four economies – Brazil, India, Indonesia, and Mexico)

Economic development in Czechoslovakia/Czech Republic (allowance 4/2)
Czechoslovakia before 1948 (Czech economy within Austria-Hungary; Rašín’s curency reform; consequences of the Great Depression; Protectorate of Bohemia and Moravia; nationalization of key industry in 1945; the Two-year plan for 1947-1948)
b.Czechoslovakia 1948-1992 and transformation of the Czech economy (characteristics of Czechoslovak centrally planned economy; the First five-year plan; Currency reform of 1953; brief overview of the individual five-year plans; evaluation of the individual characteristics of CPEs; economic transformation of Czechoslovak economy; the Czech currency crisis of 1997; accession to the EU)

5.Long-term trends in world economy (allowance 4/2)
Long-term trends in world economy (long-term economic growth; integration and disintegration tendencies; political and institutional changes; technological and structural changes; demographic development; increasing role of the state in national economies)

Learning activities and teaching methods:
Type of teaching methodDaily attendance
28 h
14 h
preparation for exam40 h
preparation for regular assessment
6 h
elaboration and execution of projects
24 h
112 h
Assessment methods:
The student has to draw up project and get non-zero score from the project (max. 10 points). The ongoing work at seminars can be evaluated up to 10 points.

The course is finished by oral exam. At the oral examination the student ballots one question. In case of insufficient answer, the examiner asks additional question. To pass the exam, students must be able to interconnect the basic knowledge with the specific characteristics of the question in the context of the world economy.
Within the resulting mark the project and the ongoing work at seminars are put into consideration. Which means if the student gets at least 14 points from the seminars and simultaneously succeeds in the oral exam, the resulting mark is improved by one grade.

In the case of a student's fraudulent behaviour, during drawing up project or during oral exam, the student will be evaluated by FFF and the matter may be referred to the Disciplinary Board.

Conditions for a foreign trip:
A student of a full-time form can enrol on the course during a foreign trip. The condition for obtaining the credit is the same, it means that the student has to draw up project and get non-zero score from the project (max. 10 points). The student finishes the course by oral exam (see Exam requirements). Within the resulting mark the project is taken into account. Which means if the student gets at least 7 points from the project and simultaneously succeeds in the oral exam, the resulting mark is improved by one grade.
Assessment criteria ratio:
Requirement type
Daily attendance
0 %
Recomended reading and other learning resources:
ŽÍDEK, L. Dějiny světového hospodářství. 2nd ed. Plzeň: Vydavatelství a nakladatelství Aleš Čeněk, 2009. 397 p. ISBN 978-80-7380-184-7.

CAMERON, R. Stručné ekonomické dějiny světa : Od doby kamenné do současnosti. 1st ed. Praha: Victoria Publishing, 1996. 475 p. ISBN 80-85865-21-1.
GRAFF, M. -- KENWOOD, A G. -- LOUGHEED, A L. Growth of the international economy, 1820-2015. London: Routledge, 2014. 368 p. ISBN 978-0-415-47610-2.
SIRŮČEK, P. et al. Hospodářské dějiny a ekonomické teorie: (vývoj, současnost, výhledy). 1st ed. Slaný: Melandrium, 2007. 511 p. ISBN 978-80-86175-53-9.

Course listed in study plans for this semester:
Track SBPE International Political Economy, full-time form, initial period WS 2017/2018
Course listed in previous semesters:
SS 2019/2020, WS 2019/2020, SS 2017/2018, SS 2016/2017, WS 2016/2017 (and older)
Teaching place: Brno

Last modification made by Ing. Jiří Gruber on 02/15/2019.

Type of output: