HUM109 - INTERNATIONAL BUSINESS

L 3 Version No.: Course Prerequisite: Nil Objectives: To Understand the concepts and intricacies of economics of International Business and to enable the students to understand the importance of economic liberalization & globalisation and its impact on international business. Expected Outcome: Towards the end of the course student should be able to understand and appreciate the basics of economics and markets applied in international business environment and use the concepts for evaluating current global developments. CONTENTS Unit Description International Economy: Theory and Policy Introduction Characteristics of International Business - Theories of International trade - Absolute cost advantage - theory of comparative cost advantage export and import policies tariff quota protectionist policies Market entry strategies of International Business. International Business Strategy: Multilateral Regulations of Trade and Investments GATT, WTO & UNCTAD. Regional Economic Integrations IMF-World Bank. International Monetary Environment: Currency Terminology International Parity Conditions - Prices, Interest Rates and Exchange Rates Determination of Exchange Rate - Asset Market approach The Foreign Exchange Market International Capital Mobility. Indias International Perspective: The Balance of Payment Accounts Corrective measures FDI EOUs, EPZ, Technology parks and Trading houses. Service support organizations in India. Foreign Trade Policy of Government of India, Identifying core competence sectors for exports- Role of EXIM bank- ECGCSpecial Economic Zones. Hours T P C 3

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Text Books : 1. Paul R. Krugman and Maurice Obstfeld: International Economics: Theory and Policy Pearson Education, 8/e, 2008. 2. Charles Hill & Arun Jain: International Business, Tata McGraw Hill (2005) Reference Books: 1. Caves, Frankel & Jones: International Economics:Theory and Policy, Pearson Higher Education,2007.

2. Vyuptakesh Sharan, (2006), International Business Concepts,

Environment and Strategy Pearson Education. 3. Francis Cherunilam, (2004), International Trade and Export Management, Himalaya Publishing House. 4. John. D. Daniels, Lee. H. Radebaugh & Daniel Pl. Sullivan, International Business Environemnts & Operations, Pearson Education. Mode of Evaluation: Written Examinations and any of these: Term Paper, Mini Projects, Quiz, Group Discussion, Case Study Analysis, Seminar, Assignments etc. Recommended by the Board of Studies on: 05-11-2009 Date of Approval by the Academic Council: