Početna Undergraduate StudiesInternational RelationsFirst year of studiesPolitical Economy

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Political Economy

  • Study programme/study programmes: Undergraduate academic International studies
  • Type and level of studies: Undergraduate academic studies
  • Name of the course: Political Economy
  • Teacher (Surname, middle initial, name): Prof Dragan S.Veselinov (75%) and Prof. Dragana  D. Mitrović (25%)
  • Status of the course: Compulsory
  • Number of ECTS: 8
  • Teaching methods: Lectures, exercise (round tables, debates)
  • Number of classes: 4+1

Aim and outcome of the course

The aim of the course entitled Political Economy is to offer to students the knowledge about interdependence of political and economic processes. This knowledge pertains to the forms of political-economic relations in historical dimension, concluding with contemporary relations in and out of Serbia. Particular knowledge is gained about economic categories – commodity, money, work, capital, stock exchange etc. Together with political science categories studied within relevant courses at the Faculty, they give terminological basis for studying of political-economic processes and phenomena.

The course in Political Economy enables and facilitates research and understanding of relations of economic and political sphere in formal and informal political life, from local communities, associations of citizens, parties, trade unions, companies, to parliaments, international organizations and interstate communities. The course in Political Economy enables the FPS students to participate in drafting, proposing, enforcement and control of policy important for the relevant environments.

Content of the course
Theoretical teaching

Political economy – definition, political nature, Political economy – subject matter and method, Production – definition. Production factors, Economic systems, Traditional and command, Market and mixed system, Role of government, Development of economic society – genesis of economy, Hydraulic society, Antique economy, Feudalism, City economy of the Middle Ages, Economy and the Medieval Christian thought, Market society – the fall of feudalism. Mercantilism, Physiocrats, Industrial revolution, Capitalism and classic liberalism. Micro-economy, International trade. International monetary system. Contemporary tendencies in international economic relations. International economic integrations. Political economy of the relation North-South.
Practical teaching: Exercises, Other modes of teaching, Study research work


а) basic

1. Dr Dragan Veselinov, Politička ekonomija 1, pp 196, Čigoja štampa, Belgrade

2. Dr Dragana Mitrović, Politička ekonomija 2, pp 166, Čigoja štampa, Belgrade

b) additional:

  1. Dr Dragoljub Dragišić et al, Osnovi ekonomije, 2006

Gregory Mankiw, Principi ekonomije, 2006 (Principles of Economics)

Assessment of knowledge

Pre-examination commitments

  • Activity during the lectures 10+10
  • Colloquim(a) 20

Final examination

  • Oral examination 60