This course is only for master's level students including exchange students.
M.Sc. (Econ. & Bus. Adm.) 1
|Teacher(s) in Charge
Junior Researcher, Dr., Ph.D. (IB & E) Anisur Faroque
Post Doctoral Researcher, D.Sc. (Econ. & Bus. Adm.) Igor Laine
After taking the course students should be able to:
- Understand and identify the main features of global business environment and the interrelations between globalization and international business;
- Compare and evaluate business environments of particular economies as a source of risk and opportunity;
- Apply relevant theories related to global competitiveness, international trade, and economic blocs;
- Understand emerging markets as a key context for international business; assess the opportunities and challenges in these markets; and
- To evaluate the sustainable development perspective and anticipate its changing role in international business.
Must know: how does global business environment differ from domestic business environment; the role of globalization in international business; the cultural, political, and legal environments in international business; theories of international trade and investment; government intervention and regional economic integration; understanding emerging markets as a context for international business; opportunities in and risks and challenges of emerging markets; business model innovation and adaptation in emerging markets; ethics, corporate social responsibility, sustainability and governance in international business.
Should know: PEST, PESTEL and CAGE frameworks; economic system - Liberal / controlled, monetary; Porter diamond; Vernon life cycle; shifting patterns of comparative and competitive advantage; base of the pyramid (BOP) markets; Emerging economies as sources of innovation; sustainable development goals (SDGs); Paris Accord; global warming; global governance mechanism (WTO, IMF, WB, etc.)
Additional knowledge: Flying Geese model; Global value chain (GVC)
15 h lectures, 30 h independent work for producing reflective essays, 30 h written project report, 2 h peer evaluation report, 10 h preparation for the Quiz and the Quiz, 33 h course literature, 40 h self-study. Total 160 h.
|Examination in Examination schedule (Yes/No)
|Examination in Moodle (Yes/No)
|Examination in Exam (Yes/No)
|Assessment scale and assessment methods
Final grade 0-5. Evaluation 0-100 points:
- Individual reflective Essays after each topic / lecture (Lectures 2-6); each containing 10 points: 5x10 = 50 points
- Individual Quiz, each containing 10 points: 2x10 = 20 points
-Group term paper report: 20 points
-Final seminar presentation: 5 points
-Peer evaluation: 5 points
There will be no written exam in this course.
Cavusgil S.T., Knight G., Reisenberger J. (2017) - International Business: The New Realities, 4th edition, Pearson Education (older editions apply as well)
Additional reading and other study material will be assigned in class and in Moodle.
|Limitation for students? (Yes, number, priorities/Leave empty)
Priority is given to MIBE programme students and MIBE minor studies students.
|Places for exchange-students? (Yes, number/No)
|Places for Open University Students?(Yes, number/No)