BASICS OF INTERNATIONAL BUSINESS

Paper Code:

IBG 116

Credits:

Contact Hours:

45.00

Max. Marks:

100.00

Objective:

Course Outcomes (COs):

Course Outcomes

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

CO 27: To understand the importance and scope of international business and identify the main drivers of globalization that has led to the expansion of international business.

CO 28: To appraise economic, political, cultural, legal, technological and competitive environments and its influence on international markets.

CO 29: To comprehend monetary and fiscal policy and policy implications in the open economy.

CO 30: To understand the changing dimensions of international trade and appreciate the role of trade theories in explaining trade patterns in different industries.

CO 31: To Study the role international organizations like WTO in regulating global trade and investment.

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments.

Learning activities for the students:

Self-learning assignments, Effective questions,

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

9.00

Unit I:

International Business-

Meaning, Evolution of International Business, International Business Vs Domestic Business, International business orientations, International Business Decisions, Advantages and problems of International Business

9.00

Unit II:

International Business Environment –

Meaning Economic Environment-meaning, economic systems-market, command , mixed system Cultural Environment-meaning, language, religion, values and attitudes, customs and manners Political and Legal Environment –meaning, political system, international political relations ,political stability ,legal systems, legal jurisdictions

9.00

Unit III:

Organization of International Business-

Types of Organization structure, Centralization, Factors affecting choice of structure, Decentralization.

9.00

Unit IV:

International Monetary System-

Pre-Bretton Woods Period, Bretton Wood System, European Monetary System (EMU), European Currency Unit (ECU) and EURO.

9.00

Unit V:

International Financial Institutions-

IMF, World Bank, IFC, IDA and ADB -Objective, Functions, Achievements, Recent Developments.

Essential Readings:

Cherunilam Francis “International Business”, Tata McGraw-Hill Publishing Company Limited, new Delhi
P Subba Rao : International Business(Text and Cases) , Edition 4, Himalya Publication House, Mumbai

References:

SUGGESTED READINGS:

Ashwattapa: International Business, Tata McGraw-Hill Publishing Company Limited, new Delhi.
Cherunilam Francis, International Environment, Tata McGraw-Hill Publishing Company Limited, new Delhi

E-RESOURCES:

International Business, Hill, McGraw Hill Education https://www.expresslibrary.mheducation.com/bookshelf
International Business, Aswathappa, McGraw Hill Education

https://www.expresslibrary.mheducation.com/bookshelf

JOURNALS: