Changes and trends in the world economy, globalization, international institutions, economic centres and global problems. Lectures: 1. Evolution of the World Economy (WE) 2. Countries and regions in the WE 3. Challenges of globalization 4. International economic relations and institutions 5. International trade and capital flows 6. Global economic inequality and indebtedness 7. Offshoring, outsourcing and migration 8. Regional financial crises and turbulencies 9. Exchange rate regimes 10. Energy crisis and oil prices 11. U. S. versus Euro-area economies 12. Economic develpoment of Japan, China and India 13. Problems of managing the WE Recommended literature