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2014/2015  KAN-CCMVI2010U  International investment and trade

English Title
International investment and trade

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration Summer
Course period Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Course instructor: Dr. Vinod Jain - Professor of Global Economics and Strategy, Hult International Business School, Shanghai; President & CEO, India-US World Affairs Institute, Inc., Washington, D.C.
    Patricia Plackett - MPP
Main academic disciplines
  • Globalization, International Business, markets and studies
  • International Political Economy
  • Corporate and Business Strategy
  • Economics, macro economics and managerial economics
Last updated on 02-07-2014
Learning objectives
At the end of the course the student should be able to:
  • Have a broad comprehension of the determinants and the consequences of globalization on individuals, firms, industries, and nations.
  • Explain how and why the countries of the world differ, and what those differences mean for business.
  • Understand the economics and politics of international trade and investment.
  • Explain the roles and functions of multilateral institutions (e.g., the World Trade Organization, International Monetary Fund, and the World Bank) and the global monetary system.
  • Demonstrate a broad understanding of current and recent developments in the global economy such as regional economic integration and outsourcing/offshoring.
  • Examine the strategies and structures of international businesses, including issues related to country selection and how firms enter and compete in foreign markets.
Course prerequisites
No formal academic prerequisotes.
Prerequisites for registering for the exam
Number of mandatory activities: 1
Compulsory assignments (assessed approved/not approved)
Mandatory Mid-term Assignment: This assignment will require students to compare two or more countries along specified criteria, which a firm should consider before entering one of them. This is a mandatory assignment and must be completed in order to become eligible to sit for the Final Examination.
Examination
4-hours written exam:
Exam ECTS 7,5
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:
  • 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
Extra note about help aids: printed notes and articles (not electronic files) are allowed
Course content and structure
The course is about the challenges and excitement of doing business internationally. With the overseas activities of multinational enterprises accounting for over $20 trillion in annual revenues, they constitute a significant and increasing component of the world economic activity. Therefore, more and more companies are now requiring international expertise of their managers, executives, and Board members.
The course is designed to provide students with an introduction to the complexities of operating in a globalizing world economy as well as how to take advantage of the opportunities it offers. It examines key economic, political, cultural, and regulatory factors impacting international business. These include the basic elements of the global economy – trade, investment, governments, and capital markets – and their implications for business functions, such as strategy, organization, and operations. We will also explore contemporary economic, business, social, cultural, and political issues in international business, including hot-button topics such as outsourcing/offshoring.
In addition to the Final Examination, the course has both a Preliminary Assignment and a Mid-term Assignment. The Preliminary Assignment will be a ungraded multiple-choice quiz focusing on some early materials from the course. The Mandatory Mid-term Assignment will require students to compare two or more countries along specified criteria, which a firm should consider before entering one of them.


Tentative Class Schedule
ClassTopic
Class 1Introduction to the course; Globalization; Globalization Quiz (ungraded)
Reading: Hill – Chapter 1
Class 2National differences in political economy
Reading: Hill – Chapter 2
Class 3Differences in culture; Due:Preliminary Assignment    
Reading: Hill – Chapter 3
Class 4International trade – theory and reality
Reading: Hill – Chapters 5 and 6
Class 5Foreign direct investment; Due: Mandatory Mid-term Assignment
Reading: Hill – Chapter 7
Class 6Regional economic integration; EU, NAFTA, MERCOSUR, etc.
Reading: Hill – Chapter 8
Class 7International monetary system; the foreign exchange market
Reading: Hill – Chapters 9 and 10
Class 8Entry strategy, mergers and acquisitions, and strategic alliances
Reading: Hill – Chapter 14
Class 9International strategy
Reading: Hill – Chapter 12
Class 10The organization of international business
Reading: Hill – Chapter 13
Class 11Comprehensive Review; Summary and Wrap-up
 
Note: Additional readings and case studies will be assigned
Teaching methods
The course will consist of lectures and case study discussion.
Further Information
Preliminary Assignment: To help students get maximum value from ISUP courses, instructors provide a reading or a small number of readings or video clips to be read or viewed before the start of classes with a related task scheduled for class 3 in order to 'jump-start' the learning process.
Expected literature
Required Textbook:
Charles W.L. Hill: International Business – Global Edition. McGraw-Hill/Irwin, 9th edition, 2012
ISBN: 9780077140656 
 
Other Readings:
Even though it’s a most comprehensive and an excellent textbook on “international business”, a series of articles and reports will be assigned to supplement the textbook material, which are available on LEARN. Students will also be expected to visit a variety of websites and view relevant Youtube videos.
Last updated on 02-07-2014