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|
| Language |
English |
| Exam ECTS |
7.5 ECTS |
| Type |
Elective |
| Level |
Full Degree Master |
| Duration |
Summer |
| Course period |
Summer
Please check www.cbs.dk/summer for the course schedule. |
| Time Table |
Please see course schedule at e-Campus |
| Study board |
Study Board for MSc in Economics and Business
Administration
|
| Course
coordinator |
- Course instructor - John Gionea, Swinburne University
Patricia Plackett - Department of Operations Management
(OM)
|
| Main academic
disciplines |
- Globalization, International Business, markets and studies
- Political leadership, public management and international
politics
- Corporate and Business Strategy
- Economics, macro economics and managerial
economics
|
|
Last updated on
22-07-2013
|
| Learning objectives |
At the end of the course the student
should be able to:
- Outline and critically evaluate the major theories that attempt
to explain why nations should engage in international trade and
investment.
- Analyse the major changes in the patterns of international
trade and investment.
- Understand how multilateral and regional trade agreements can
assist or hinder the firm's international business
activities.
- Understand the international financial framework in which small
and large firms operate.
- Have broad comprehension of ethical issues faced by
international businesses.
|
| Course prerequisites |
| None. Some knowledge of
macroeconomics would be an advantage. |
| Prerequisites for registering for the
exam |
|
Compulsory assignments
(assessed approved/not approved)
Mandatory Mid-term Assignment – must be completed as a
precondition for completing the final examination; however, because
it is considered to be 'feedback assignment' grades will
not be assigned.
|
| Examination |
|
4 hour written
exam:
|
| Examination form |
Written sit-in exam |
| Individual or group exam |
Individual |
| Assignment type |
Written assignment |
| Duration |
4 hours |
| Grading scale |
7-step scale |
| Examiner(s) |
One internal examiner |
| Exam period |
Summer Term |
| Aids allowed to bring to the exam |
Limited aids, see the list below and the exam
plan/guidelines for further information:
- Additional allowed aids
- Allowed calculators
- Allowed dictionaries
- Books and compendia brought by the examinee
- Notes brought by the examinee
|
| Make-up exam/re-exam |
Same examination form as the ordinary exam
If the number of registered candidates for the make-up
examination/re-take examination warrants that it may most
appropriately be held as an oral examination, the programme office
will inform the students that the make-up examination/re-take
examination will be held as an oral examination
instead.
|
Description of the exam
procedure
Books, printed notes, student's own
notes, compendium, formula and table reference materials, own
notes, articles and case studies, English language dictionary,
PC's, pocket calculators. Students will be allowed to upload
electronic files from USB before the
exam..
|
|
| Course content and
structure |
This course will familiarize students
with a number of current international trade and investment issues
at multilateral, regional and bilateral level and will evaluate
appropriate strategic options for governments, industries and firms
dealing with those issues.
Course topics will include:
- Business globalization through trade and investment
- The concept of trade and its rationale
- Recent trends in international trade in goods &
services
- Theory and practice in international investment
- The multilateral trade framework
- Regional trade and investment integration
- International business strategies
- The Foreign Exchange Market
- Payments between nations: The Balance of Payments
- Ethics in international trade and investment
- Comprehensive Review
The course's development of personal
competences:
This course aims to serve the needs of business school students,
who will be soon practicing executives and managers in government
organisations and private companies involved in a variety of
international activities.during this course, the student is
expected to develop various personal and interpersonal competences,
such as:
- Analysis of the business environment and government
policies
- Evaluation of effects of various trade and investment
measures
- Communication skills (e.g., presentations)
- Interpersonal and team-working skills for debates and role-play
scenarios
These competences will allow students to contribute to the
formulation of appropriate international business
strategies |
| Teaching methods |
Lectures, seminars, exercises,
project work, case study discussions, role-play, team-debates on
current international business issues.
Preliminary Assignment
- The Preliminary assignment will consist of a team debate on
Globalisation in Nordic countries. Prior to the first class,
students are asked to read Chapter 1 of the prescribed textbook by
Charles Hill, as well as the first section of the ISUP Compendium
with focus on Globalisation indicators(pp.8-11).
Students will also read the following article:"Global niche
players - Nordic companies have coped well with globalisation, but
need new blood" The Economist, 2nd February, 2013(Compendium,
pp21-24).
- There will be 8 groups which will be organised informally during
the first class.
- The first 4 groups will present a number of facts and indicators
related to the globalisation in four Nordic economies: Denmark,
Sweden, Norway and Finland. The other 4 groups will discuss some
facts and indicators related to the globalisation of a number of 4
companies in the above mentioned four Nordic economies.
More details on the Preliminary Assignment will be made available
on LEARN |
| Expected literature |
The required readings for this course
will be
- Hill, C.W.L. (2012), International Business Competing in
the Global Market Place",9, global
Edition, McGraw-Hill/Irwin, New York;
ISBN: 9780077140656.
- ISUP Compendium for the course
The course will also use selected sections
of
- Czinkota,M.R., Ronkainen, Wiley, Hoboken, N.J ,
ISBN:13 978- 0-470-53065-8(To be uploaded on
LEARN)
The Course schedule below specifies the topics and
references for the duration of the course.
Class 1
Tuesday 25/6 | Business globalization through
trade and investment
Reading
· Charles
Hill: Globalisation, Chapter 1
· ISUP
Compendium: Topic 1(pp2-20)
· Lecture
1PP slides
Workshop 1:
· Discussion about
globalization
·
Case:Globalization by growth( Ch.Hill), pp.2-3
| Class 2
Thursday
27/6 | The concept of trade and its
rationale
Reading
· Charles
Hill : International Trade Theory, Chapter 6
· Lecture
2PP slides
Workshop 2
·
Preliminary assignmenton the Globalisation
of Nordic economies.
Based on "Global niche players - Nordic companies have coped
well with globalisation, but need new blood" The Economist,
2nd February, 2013( See ISUP Compendium,
pp21-24) | Class 3
Tuesday 2/7 | Recent trends in
international trade in goods & services
Reading
· ISUP
Compendium (pp25-43, pp56-73)
· Lecture
3PP slides & sub-notes
· WTO
Press release 688/10 April, 2013;
"Trade to remain subdued in 2013 after
sluggish growth in 2012 as European economies continue to
struggle"
http://www.wto.org/english/news_e/pres13_e/pr688_e.htm
Workshop 3:
· To be uploaded
on LEARN by Thursday 27 June | Class 4
Thursday
4/7 | Theory and practice in
international investment
Reading
· Charles
Hill, Foreign Direct Investment,
Chapter 8
· Czincota
et al( Ch.2, pp 86-90), on LEARN
· Lecture
4PP slides & sub-notes
· UNCTAD,
World Investment Report 2012(Extracts) in ISUP
Compendium, pp74-93
·
Greenfield investment report, FDI report, in
Compendium pp100-119
Workshop 4:
· To be uploaded
on LEARN by Thursday 27 June | Class 5
Tuesday 9/7 | The multilateral trade
framework
Reading
· Charles
Hill, The Political Economy of International Trade, Ch.7
· WTO
introduction
http://www.wto.org/english/res_e/doload_e/inbr_e.pdf "
· World
Trade Report 2012" Trade and public policies: A
closer look at non-tariff measures in the 21st century" , WTO,
Geneva (Extracts),in ISUP Compendium, pp.45-55
· Lecture
5PP slides & sub-notes
Workshop 5:
· To be uploaded
on LEARN by Thursday 4 July | Class 6
Thursday
11/7 | Regional trade and
investment integration
Reading
· Ch.
Hill, Regional Economic Integration, Chapter 9
·
WTO, Regional Trade agreements, Executive Summary,
pp5-16
http://www.wto.org/english/res_e/booksp_e/anrep_e/wtr11-0_e.pdf
· Lecture
6PP slides & sub-notes
Workshop 6:
· To be uploaded
on LEARN by Thursday 4 July | Class 7
Tuesday 16/7 | International business
strategies
Reading:
·
Ch.Hill: Ch. 13(Strategy of International
Business), Ch.15 (Entry Strategy and Strategic Alliances)
· Lecture 7 PP
slides & sub-notes
Workshop 7:
· To be uploaded
on LEARN by Thursday 11 July | Class 8
Thursday
18/7 | The Foreign Exchange
Market
Reading
· Ch.
Hill, Chapter 10, Foreign Exchange market
· ISUP
Compendium , pp 146-156
· Lecture
8 PP slides & sub-notes
Workshop 8:
To be uploaded on LEARN by Thursday 11 July | Class 9
Tuesday 23/7 | Payments between nations: The
Balance of Payments
Reading:
· ISUP
Compendium, Balance of Payments, 120-137
·
Czincota,Ch4, pp95-117
· Lecture
9PP Slides
Workshop 9:
· To be uploaded
on LEARN by Thursday 18 July | Class 10
Thursday
25/7 | Ethics in
international trade and investment
Reading:
· Ch.
Hill, Ethics in international Business, Chapter 5
· Lecture
10PP slides
Workshop 10:
· To be uploaded
on LEARN by Thursday 18 July | Class 11
Tuesday 30/7 | Comprehensive Review
· No
reading |
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