SYLLABUS

ECON 315 GLOBAL ECONOMY

AMERICAN UNIVERSITY IN BOSNIA AND HERZEGOVINA

SUBJECT DETAILS:
A.

NAME

GLOBAL ECONOMY

B.

SUBJECT

ECON 315

CODE
ETCS

C.

CREDITS

D.

US CREDITS
SUBJECT

Compulsory

STATUS
LECTURER

Goran Mirascic, PhD

Telephone

+387 61 895 666

J.

number
Email
gmirascic@aubih.edu
Cabinet
Consultations
Tuesday at 12pm or by appointment
Duration of the 15 weeks

K.

course
Semester

L.

Active lessons:

E.

M.

Description of
the course

Prerequisite(s)
N.
O.
P.

Corequisite(s)
Learning
Objectives

Fall 2016
Lectures: 45 contact hours
Other activities: 90hrs / semester out of classroom preparation
Students will examine the historical development of global
economy and growing interdependence of economy, government
and public policies. Economic theories from international trade,
finances and monetary policy will be studied within the context of
globalization. The contemporary issues of global economy, such as
environment, income distribution and development will be analysed
through case studies from different countries.
ECON 103 or permission of instructor. NOTE: This requirement is
not applicable to International Law and Information Technology
programs.
None.
The competence of students to summarize the historical
development of globalization within the context of economic
history of the world; analyze global market trends; forecast market
flows using the theory of economic trade; explain card balance and
analyze foreign exchange markets; to take part in setting goals for a
county not belonging to the West and recommend appropriate
monetary and trade policies; to find out the role of international

trade in economic growth; to describe advantages and disadvantages

of international cooperation.
Compulsory:
Global Economics, International Edition, Carbaugh,
ISBN10: 1-4390-4044-3, ISBN13: 978-1-4390-4044-7
https://www.cengagebrain.co.uk/shop/search/978143904044
7
Q.

R.
S.
T.

Literature

Teaching
methods
Equipment
Grading

Additional:
Commanding Heights, The Battle for the World
Economy: by Daniel Yergin and Joseph Stanislaw
Globalization and Its Discontents, by Joseph Stiglitz,
W.W. Norton, 2003
Lectures and demonstrations, interactive method, case studies,
consultations prior to examinations and seminar papers
PowerPoint and video

GRADING SYSTEM at AUBiH

method

Applicable from 24 October 2016

BiH and ECTS
USA
Percentage

Letter
grade
(USA)

Grade
point
average
(GPA)

10

95 100

92 94
89 91
85 88

AB+
B

3.7
3.5
3

80 84
75 79

BC+

2.7
2.5

63 74

61 62
58 60
54 57

CD+
D

1.7
1.5
1

0 53

Letter
grade
(ECTS)

Number
grade
(BiH)

Undergraduate Programs- Updated 5 Oct. 2016,

Applicable from Fall 2016
Description
and Maximum Values

Minimum

(Min-Max)

Criteria
for this
Syllabus

0% - 1%

0%

2% - 5%

5%

2. Case Study #2

2% - 5%

0%

3. Group Presentation # 1

2% - 5%

5%

4. Group Homework, Each assignment

is worth
5. Group Project

2% - 5%

0%

2% - 5%

5%

NAP Non-Academically Assessed

Practice
0% - 1%
1. Professor guided Excursion

RANGE

Sub-Total
GAP Group Assessed Participation
15% - 25%
1. Case Study #1
Mandatory

U.

Grading
criteria /
methods

Sub-Total
SAT Student Assessed Tasks
20% - 35%
1. Demonstration of Research
Capability
Mandatory
2. Demonstration of Digital Source
Capacity
Mandatory
3. Case Study #3

15%

2% - 5%

5%

2% - 5%

5%

2% - 10%

10%

4. Case Study #4

2% - 5%

0%

5. Individual Project or Presentation

2% - 5%

0%

6. Individual Project or Portfolio

2% - 5%

0%

7. Lab* or Other Assessment **

Homework Each Assessment
Sub-Total

2% - 5%

0%

Mandatory

PACK Professionally Assessed Core

Knowledge
54% - 65%
1. Chapter Test or Quiz #1

20%

5% - 15%

5%

5% - 15%

5%

Mandatory

2. Chapter Test or Quiz #2

Mandatory

3. Chapter Test or Quiz #3

5% - 15%

5%

4. Lab, Portfolio, or Final Project

5% - 15%

0%

5. Other Assessment

5% - 15%

0%

6. Mid-Term

15% - 25%

20%

20% - 30%

30%

Mandatory

Mandatory

7. Final Exam
Mandatory

Sub-Total

65%

Visiting Guest Lecture Series***

Mandatory attendance for All Students
Student Services will administer a
Deduction of 1% for each lecture missed by
the student.
CDC Seminars Minimum of 3 per semester
Mandatory Attendance for Juniors and
Seniors only
Student Services will administer a
Deduction of 1% for each Seminar missed
by the student. DL students will be provided
with opportunity for DL attendance of
workshops.
Externships
Mandatory for all Juniors and Seniors
Student Services will administer the
correction to Final Grade based on the Table
in the Student Handbook -10% to +10%.
Externship grades will not be applied to
failing (F) courses.
Total

100%

100%

*
Visiting Guest Lectures Series All students are required to attend visiting
lectures
**
***

This is a second year oriented course. As such, there will be no grade for
externship or CDC activities.
DPS score will be calculated as earning 1, 2 or 3%. This calculation is based on
evidence of active participation and learning within the class. E.g. 100%
attendance and 100% homework average will result in helping the student

towards full marks. Full details will be in a supplement document given to

students.
IMPORTANT NOTE FOR STUDENTS AND PROFESSORS: Attendance
Please note that Attendance category is not listed above. However Attendance to all
lectures/classes is MANDATORY. As stated in Students Handbook, AY 2016/17: The
AUBiH policy on absences is that students are allowed two excused absences per semester
in each course. For each unexcused absence a student will have 2% deducted from the
total (percentage) grade. Dismissal from a course may result from unexcused
absenteeism. A grade of F (5) will be recorded for a student.
IMPORTANT NOTE FOR STUDENTS AND PROFESSORS: Externships
All Juniors and Seniors are required to fulfill Externship requirements. To start an
Externship, the student must pick up and complete Externship forms from Student
Services. All semester grades are affected by Externship regardless of the degree or Course
ID. Students may choose to find their own Externship and are rewarded for their diligence
by the grading curve in the Student handbook. Students that receive their Externship thru
AUBiH are graded according to the Table in the Student Handbook. Professors are
responsible to enter grades for each student in the AUBIH ONLINE system in a timely
manner. The Student Services department will enter any deductions for Missed Guest
Lectures, Missed CDC Workshops and Externships, based on documentation from the
University, Hosting Company or Organization in Week 16.
All exams and papers submitted will be verified with Ephorus software for plagiarism.
In the case of plagiarism, student will get 0 for the exam or paper. If a student repeats
plagiarism or performs cheating, student will be automatically given zero for the entire
course and are subject to Academic Sanctions.
All online students are required to check and access their assignments at least twice a
week. Record of their activity will serve as a proof for taking attendance.

V.

Y.
Z.

Topical Outline
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Additional
Information
Course
delivery mode

The International Economy and Globalization

Foundations of Modern Theory and Comparative Advantage
Sources of Comparative Advantage
Tariffs and Nontariff Trade Barriers
Trade Regulations and Industrial Policies
Trade Policies for the Developing Nations
Regional Trade Arrangements
The Balance of Payments
Foreign Exchange
Exchange-Rate Determination
Mechanisms of International Adjustments
Exchange-Rate Systems and Currency Crisis
Exchange-Rate Adjustments and the Balance of Payments
Macroeconomic Policy in an Open Economy
International Banking reserves, debt and risk
None.
Course delivered in a Classroom and Online.

AA.

Date Syllabus
was Last
Reviewed

October 2016