International Trade

The goal of studying this subject is that students learn the basics of international trade, to understand its importance in today's globalized world, and to recognize the importance of all actors in international trade. The goal is for students to gain relevant knowledge about the way of conduct of international trade from the aspect of the position of countries and international organizations that govern international trade, which complements the knowledge acquired in other related subjects in the Department of International Economics (Foreign Trade Business and International Finance).

After passing the exam in this subject, students will be able to: describe the concept of international trade and indicate its importance in the modern world; state and explain the structure of international trade by trade objects; state and explain the structure of international trade by geographical distribution; classify types of institutions within which the international trade is carried out; understand the importance of international trade organizations in the regulation of international trade; summarize the effects of the impact of international trade on the position of countries in the global world.

The concept and importance of international trade; Contemporary theories of international trade; International trade by the geographic structure (by the countries and regions of the world); Regional economic integration in international trade; The production structure of international trade (the structure of international trade in goods - primary and industrial products, services and intellectual property, as well as specific products - weapons, gold); The institutions of international trade (international fairs, stock exchanges and international auctions); The multilateral regulation of international trade (GATT, the World Trade Organization, the United Nations System and other organizations - ICC, WCO).

Lectures, exercises, seminar classes which include the preparation and presentation of papers, group presentations and discussions on the given topic.

Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points)

Bjelić, P. (2011). International Trade. Belgrade: Centre for Publishing; Bjelić, P.; Jelisavac, T. S.; Petrović, P. I. (2010). Modern International Trade. Belgrade: Institute for International Politics and Economics.