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BASICS OF INTERNATIONAL BUSINESS [1]

Paper Code: 
IBG 116
Credits: 
3
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:

https://www.expresslibrary.mheducation.com/bookshelf [2]

 

JOURNALS:

 

ACADEMIC YEAR: 
2022-2023 [4]

Follow International Business on:

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Source URL: https://foreigntrade.iisuniv.ac.in/courses/subjects/basics-international-business-9

Links:
[1] https://foreigntrade.iisuniv.ac.in/courses/subjects/basics-international-business-9
[2] https://www.expresslibrary.mheducation.com/bookshelf
[3] https://www.journalpressindia.com/focus-journal-of-international-business
[4] https://foreigntrade.iisuniv.ac.in/academic-year/2022-2023