BM-1304

International Business

Credits-03

Faculty Instructor- Amit Singla Course Objective: The purpose of the course is to introduce the students to the global business environment so that they can understand intricacies of business matters based on the basic knowledge of International Business. This will bring clarity to students as to why companies engage in international business. Also, it seeks to give an overview of the major forces that affect international business. To describe different modes a company can use to accomplish its global objectives, and the primary patterns for companies international expansion. Course Content: . Unit-1 Introduction to International Business Definition of International Business & its significance. Need of international business: difficulties & benefits. Unit-2 International Trade Theories: Absolute cost theory, Comparative cost theory ,Factor endowment theory etc. International organizations & Economic Institutions- General Agreement on Trade and Tariffs, (GATT), W orld Trade Organization - WTO & Developing countries, Introduction to International Monetary System- International Monetary Fund, Asian Development Bank and World Bank Introduction to Regional trade agreements and Tariff and Non tariff barriers in International Trade Unit-3 Key Issues in International Business. Socio-cultural, economic and political forces facing business. Exchange rate determination: International sourcing of commodities. Problems and Prospects in a multi national Environment, competitive and cooperative business strategy. International Business Strategy of Indian Industry. Competitive position of key Indian Industries. Entry strategies for Indian firms: Joint Ventures, strategic/technical alliances/collaboration. Strategies employed by Indian firms to develop and sustain international business.

Unit-4 International Supply Chain Management- International Documentation& Logistics procedures, Import-export Duty Structure, Payment terms in International trade, International commercial terms, International Ocean transportation, Other practical aspects of International trade Reference Books/Suggested Readings: International Economics-Paul Krugman and Maurice Obstfeld WTO and the multilateral Trade environment-Bhagirath Lal Das International Supply Chain Management- David& Stewart Export-Import and Logistics Management- Usha Kiran Rai

EVALUATION PROCESS Total marks-100 Team Project -20 marks 3 internal quizzes- 10 marks (Best 2 out of 3 Quizzes will be considered for final evaluation; each quiz will be of 5 marks) Mid-term- 20 marks Final Examination-50 marks

LECTURE PLAN (Kindly refer to the course content above)

Sessions 1-5 6-12 13-16 17-20

Unit 1& Unit 2 Unit 4 Unit 3 Cases, Role Plays& Project presentation& discussion