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2021/2022  DIP-DIBUO1001U  Business in a global context

English Title
Business in a global context

Course information

Language English
Course ECTS 10 ECTS
Type Mandatory
Level Graduate Diploma
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for Graduate Diploma in Business Administration (part 2)
Course coordinator
  • Niels Mygind - Department of International Economics, Goverment and Business (EGB)
Main academic disciplines
  • Globalisation and international business
Teaching methods
  • Blended learning
Last updated on 21-05-2021

Relevant links

Learning objectives
Upon successful completion of the course, students will be able to:
  • Understand, apply and critically reflect on terms, theories and models explaining political, institutional and economic dimensions of the international business environment.
  • Analyze the development and the dynamic links between politics, institutions and economic development in different societies.
  • Identify and apply relevant indicators for political risks, institutional quality and economic development and find updated information through the internet, libraries and other sources.
  • Understand and explain the drivers and barriers of globalization and explain the development in different stages of globalization.
  • Understand and explain the main factors driving economic growth and explain the role of institutions for growth and business development.
  • Understand and explain political, institutional and economic factors behind international trade and capital flows.
  • Analyze the key decisions that multinational firms make in relation to the choice of markets and entry strategies.
  • Apply and understand different modes of engagement with international markets and explore the interconnectedness between these and the political, institutional and economic environments in which companies operate.
  • Understand the role played by multinational economic and social aid organizations such as the UN, EU, IMF and World Bank in facilitating international trade and business.
Business in a Global Context:
Exam ECTS 10
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 10 pages
Assignment type Written assignment
Duration 48 hours to prepare
Grading scale 7-point grading scale
Examiner(s) Internal examiner and external examiner
Exam period Autumn
Make-up exam/re-exam Oral Exam
Duration: 20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Preparation time: No preparation
Examiner(s): If it is an internal examination, there will be a second internal examiner at the re-exam. If it is an external examination, there will be an external examiner.
Course content, structure and pedagogical approach

This course focuses on the business context and the related business decisions that are unique to cross-border business activities, and that are particularly important to the competitiveness of Danish firms. It presents the key political, institutional, and economic features of the different contexts in which firms operate and how the company may respond to the opportunities and challenges of the international environment. The starting point is a model of society focusing on three dimensions: Politics – Institutions (rules of the game) and Economy. The dynamics between these three elements is key to understanding the globalization process and the development in a specific countries. The models and theories are applied on the actual development in the global economy and in specific countries to identify similarities, differences and important links. This macro-level analysis makes the foundation for understanding how companies can join the internationalization process through international business.


Preliminary plan:

  1. Drivers and trends of Globalization
  2. PIE-model and indicators for Politics, Institutions, Economy
  3. Informal institutions – culture
  4. Trade theories and trade policies
  5. FDI – Foreign Direct Investments
  6. Growth and the developments on different types of markets
  7. The International Monetary System
  8. EU and US – the financial crisis, Euro crisis, Corona crisis
  9. Emerging Markets – Brazil, Russia, India, China compared
  10. Global integration and new global economic order
  11. Starting International Business
  12. Foreign entry strategies
  13. Dynamics in international competition
  14. Global strategies and acquisitions
  15. Outlook for the world economy
  16. Rounding - summary, exam questions, course evaluation
Description of the teaching methods
The teaching is mainly based on lectures, class discussions, cases and team-presentations. Online-resources through Canvas in the format of quizzes, videos and recordings of online-lectures.
Feedback during the teaching period
The teacher and peer-students give feedback on presentations and in class discussions.
Student workload
Written exam 20 hours
Preparations 205 hours
Lectures 48 hours
Further Information

Lectures will take place every Tuesday and Thursday from week 34 to 41.


48 hours written exam from 26.October 2021 to 28.October 2021.

Expected literature

Mike Peng and Klaus Meyer: International Business, 3rd edition, CENGAGE Learning, 2019

Mygind N., (2007): The PIE-model: Politics – Institutions – Economy, CEES working paper no 67,


Mygind N. 2016  – A Simple Growth Model, 20 pages, working paper, Canvas.

Latest versions of:

IMF: World Economic Outlook. World Bank: Global Economic Prospects. World Bank: Doing Business. OECD: Economic Outlook. UNCTAD: World Investment Report.

Last updated on 21-05-2021