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Course Name (English)
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INTRODUCTION TO INTERNATIONAL BUSINESS
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| Course Code |
IBM530 |
| Course Description |
This course exposes the students to all the importance of international business in a global marketplace. Students will learn many of the central issues in international trade and investment, the global monetary system, international business strategy and structure, and international business operations arise out of national differences in political economy and culture. |
| Transferable Skills |
Demonstrate maturity of thoughts when responding to multiple inputs and contexts. |
| Teaching Methodologies |
Lectures, Blended Learning, Inquiry-based Learning, Discussion, Presentation |
| CLO |
| CLO1 |
Apply concepts, theories and emerging issues in international business.(LO1) |
| CLO2 |
Analyse changes in international trade at the global level. (LO6) |
| CLO3 |
Demonstrate values, attitudes and professionalism in strategies and operations of international business in a real-world context. (LO4) |
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| Pre-Requisite Courses |
No course recommendations |
| Topics |
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1. Globalization
1.1) 1.1 Globalization
1.2) 1.2 Drivers of globalization
1.3) 1.3 The Globalization debate
1.4) 1.4 Managing in the global marketplace
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2. National Differences in Political Economy
2.1) 2.1 Political Systems
2.2) 2.2 Economic Systems
2.3) 2.3 Legal Systems
2.4) 2.4 The determinants of economic development
2.5) 2.5 States in transition
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3. Culture
3.1) 3.1 What is culture
3.2) 3.2 Social structure
3.3) 3.3 Religious and ethical systems
3.4) 3.4 Verbal and nonverbal communication
3.5) 3.5 Culture and workplace
3.6) 3.6 Cultural change
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4. International trade theory
4.1) 4.1 An over view of free trade
4.2) 4.2 Absolute advantage theory
4.3) 4.3 Comparative advantage theory
4.4) 4.4 Heckscher-Ohlin theory
4.5) 4.5 Product Life Cycle Theory
4.6) 4.6 National Competitive Advantage-Porter’s Diamond Framework
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5. Political economy of international trade
5.1) 5.1 Instruments of trade policy
5.2) 5.2 Government intervention
5.3) 5.3 The revised case for free trade
5.4) 5.4 Development of world trading systems
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6. Entering Foreign Market
6.1) 6.1 Basic entry decisions
6.2) 6.2 Entry modes
6.3) 6.3 Selecting and entry mode
6.4) 6.4 Greenfield vs. Acquisition
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7. Foreign Direct Investment (FDI)
7.1) 8.1 FDI in the world economy
7.2) 8.2 Theories of FDI
7.3) 8.3 Political ideology and FDI
7.4) 8.4 Benefits and costs of FDI
7.5) 8.5 Government Policy instruments and FDI
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8. Regional Economic Integration
8.1) 8.1 Levels of Economic Integration
8.2) 8.2 The case for and against Regional Integration
8.3) 8.3 Regional Economic Integration in Europe, Americas, Asia and Africa
8.4) 8.4 Trans-Pacific Partnership Agreement (TPP)
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9. Ethics and Corruption in the Global Marketplace
9.1) 9.1 Origins of Corruption
9.2) 9.2 The Drawbacks of Corruption
9.3) 9.3 The Types of Corrupt Practices
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10. Knowledge Sharing
10.1) Group presentations
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11. Examination
11.1) Final examination
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| Assessment Breakdown | % |
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| Continuous Assessment | 60.00% |
| Final Assessment | 40.00% |
| Details of Continuous Assessment |
| Assessment Type |
Assessment Description |
% of Total Mark |
CLO |
| Assignment |
Assignment 3 (Chapters exercises) |
10% |
CLO1
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| Assignment |
Assignment 2 (Case Study) |
20% |
CLO3
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| Assignment |
Assignment 1 (Country Report) |
30% |
CLO2
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| Reading List | | Recommended Text | - Hill, Hult,, Global Business Today, 10th ed Ed.
- S.Baharin, N.Jamaludin, N.Yusuf, S.Omar 2010, Intenational Business; An Introduction, McGraw Hill
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| Reference Book Resources | - Hill, C.W.L. International Business (2016), Competing in the Global Market Place, McGraw-(10th ed.) 2016, Competing in the Global Market Place, 10 Ed.
- Shenkar, Oded & Luo, Yadong 2004, International Business, Ed., , USA: John Wiley & Sons, Inc [ISBN: ]
- Cavusgil, Knight & Riesenberger 2008, International Business, Pearson Education
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| Article/Paper List | This Course does not have any article/paper resources |
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| Other References | This Course does not have any other resources |
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