Course detail

International Business

FP-OmoPAcad. year: 2018/2019

The subject provides knowledge related to key areas of international trade. It presents the characteristics of the international environment and the importance of international trade, defines theoretical approaches and trends, categories, main subjects. She is acquainted with the international economic organization and the impact of integration on international trade and competitiveness.

Language of instruction

Czech

Number of ECTS credits

6

Mode of study

Not applicable.

Guarantor

doc. PhDr. Iveta Šimberová, Ph.D.

Department

Institute of Management (ÚM)

Learning outcomes of the course unit

Students will acquire the terminology of international trade and the procedures in the management and financing of business cases and operations of business subjects on international markets and possibilities of financing of international trade. They will know the procedures for selecting territories, analyzing markets, partners, and preparing and conducting business negotiations.

Prerequisites

Basic economic categories, computer literacy, basics of company management, methods of financial analysis, bank and insurance companies operations.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

The course is taught through lectures explaining the basic principles and theory of the discipline. Exercises are focused on practical topics presented in lectures. Lecture, presentation, managed disscussion, tem work.

Assesment methods and criteria linked to learning outcomes

Way and rules of evaluation are worked up in document „Requirements of subject International Trade termination", that are displayed in IT (news) of subject on the beginning of semester.

Course curriculum

1. International Economic Organizations and Regionalism in the World Economy and in the Trade: the base essence and its forms, benefits and risks, breakdown and overview of major regional groups with impact on the business environment and the trade.
2. Importance of International Trade and the Role of the GATT and the WTO in the liberalization of international trade.
3. Development Trends in International Trade in the 20th and 21st Centuries: territorial structure and commodity structure of international trade, high dynamics of trade in goods and services.
4. The Major Centers of the World Economy: quantitative comparisons - USA, Japan, China, EMU and others - integration processes from aspects of international trade.
5. Transformation Process in the Central and Eastern European Countries: the nature and content of the transformation process, the transformation process strategy, cooperation and evaluation of transformation from the time point of view.
6. International Competitiveness: business environment and its components, connections and links, selected indicators of the quality of the business environment.
7. The function of international trade in relation to the national economy, the forms of involvement of business entities in international trade.
8. International Trade of Developed Countries.
9. International Trade of Developing Countries.
10. International Trade of the Czech Republic.
11. Globalization and Internationalization. Strategies and forms of enterprise entry into international markets. Direct and indirect forms of entry. Capital and non-capital inputs.
12. Management of International Business Operations: basics issues, delivery and payment terms, financing, logistics and risk.
13. International Trade Control, Reporting, Corporate Governance, CG Regulating and Comparison, Mechanisms and Processes, Types of Investors, CG, Strategies and Stakeholders.

Work placements

Not applicable.

Aims

The aim of the course is to explain to students the characteristics of the international environment and the importance of international trade, to define theoretical approaches and trends, categories, main subjects. To get them acquainted with the international economic organization and the impact of integration on international trade and competitiveness.

Specification of controlled education, way of implementation and compensation for absences

Control of results of independent work on the assigned tasks, assignments, team projects and so on. In case of excused absence from seminars, an additional task is set and evaluated according to the criteria for awarding course-credit units.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

CIHELKOVÁ, E. Světová ekonomika: obecné trendy rozvoje = World economy: general trends in its development. Praha: C.H. Beck, 2009. Beckova edice ekonomie. ISBN 978-80-7400-155-0.
CZINKOTA, M., R., RONKAINEN, I., A., MOFFERT, M., H. International Business . 7. vyd. South-Western: THOMSON, 2005. 782 s. ISBN 0-324-20610-0.
GRIFFIN, R. W. a M. W. PUSTAY. International business. 6th ed. Upper Saddle River, NJ: Prentice Hall, 2010. ISBN 9780137153732. (CS)
KALÍNSKÁ, E. Mezinárodní obchod v 21. století. Praha: Grada, 2010. Expert (Grada). ISBN 978-80-247-3396-8 (CS)
KUNEŠOVÁ, H. Světová ekonomika: nové jevy a perspektivy. 2., dopl. a přeprac. vyd. V Praze: C.H. Beck, 2006. Beckovy ekonomické učebnice. ISBN 80-717-9455-4. (CS)
MACHKOVÁ, H., ČERNOHLÁVKOVÁ, E., SATO, A. a kol. Mezinárodní obchodní operace. 3 vyd. Praha: Grada Publisching, 2003. 230 s. ISBN 80-247-0686-5.
NURDIN, G. International business control, reporting and corporate governance. Oxford: CIMA, 2009. ISBN 978-075-0683-838 (CS)
RUGMAN, A. M. a S. COLLINSON. International business. 6. ed. Harlow [u.a.]: FT/Prentice Hall, 2012. ISBN 0273760971. (CS)
ŠTĚRBOVÁ, L. Mezinárodní obchod ve světové krizi 21. století. Praha: Grada, 2013. Expert (Grada). ISBN 978-80-247-4694-4. (CS)
WRIGHT, M., D. SIEGEL, K. KEASEY and I. FILATOTCHEV. The Oxford Handbook of Corporate Governance. UK: Oxford University Press. 2013. ISBN 978-0-19-964200-7745. (CS)

Recommended reading

WILD, J. J., K. L. WILD a C. Y. HAN. International business: The challenges of globalization. 4th ed. Upper Saddle River, N.J.: Pearson Prentice Hall, 2011. ISBN 978-0131747432.
CHARLES W.L.H. Global business today. 7th ed. New York: McGraw-Hill/Irwin, 2011. ISBN 978-007-8137-211 (CS)
MORRISON, J. The global business environment: meeting the challenges. 3rd ed. New York: Palgrave Macmillan, 2011. ISBN 978-023-0210-257. (CS)
POLLARD, D. a I. SIMBEROVA. The internationalization of SMEs in the Czech Republic: Strategic and knowledge development issues. Internationalization of firms from economies in transition: the effects of a politico-economic paradigm shift. Northampton, MA: Edward Elgar, 2014, s. 90-108. New horizons in international business. ISBN 978-1-78347-469-1.

Classification of course in study plans

  • Programme MGR-MEO Master's 1 year of study, winter semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

doc. PhDr. Iveta Šimberová, Ph.D.

Syllabus

1. International Economic Organizations and Regionalism in the World Economy and in the Trade: the core and its forms, benefits and risks, breakdown and overview of major regional groups with impact on the business environment and the trade.
2. Importance of International Trade and the Role of the GATT and the WTO in the liberalization of international trade.
3. Development Trends in International Trade in the 20th and 21st Centuries: territorial structure and commodity structure of international trade, high dynamics of trade in goods and services.
4. The Major Centers of the World Economy: quantitative comparisons - USA, Japan, China, EMU and others - integration processes from aspects of international trade.
5. Transformation Process in the Central and Eastern European Countries: the nature and content of the transformation process, the transformation process strategy, cooperation and evaluation of transformation from the time point of view.
6. International Competitiveness: business environment and its components, connections and links, selected indicators of the quality of the business environment.
7. The function of international trade in relation to the national economy, the forms of involvement of business entities in international trade.
8. International Trade of Developed Countries.
9. International Trade of Developing Countries.
10. International Trade of the Czech Republic.
11. Globalization and Internationalization. Strategies and forms of enterprise entry into international markets. Direct and indirect forms of entry. Capital and non-capital inputs.
12. Management of International Business Operations: starting points, delivery and payment terms, financing, logistics and risk.
13. International Trade Control, Reporting, Corporate Governance, CG Regulating and Comparison, Mechanisms and Processes, Types of Investors, CG, Strategies and stakeholders.

Exercise

26 hod., compulsory

Teacher / Lecturer

Ing. František Milichovský, Ph.D., MBA, DiS.

Syllabus

The content of the seminars is to practice lecture topics and to work out tasks:
1. International Economic Organizations and Regionalism in the World Economy and in the Trade: the core and its forms, benefits and risks, breakdown and overview of major regional groups with impact on the business environment and the trade.
2. Importance of International Trade and the Role of the GATT and the WTO in the liberalization of international trade.
3. Development Trends in International Trade in the 20th and 21st Centuries: territorial structure and commodity structure of international trade, high dynamics of trade in goods and services.
4. The Major Centers of the World Economy: quantitative comparisons - USA, Japan, China, EMU and others - integration processes from aspects of international trade.
5. Transformation Process in the Central and Eastern European Countries: the nature and content of the transformation process, the transformation process strategy, cooperation and evaluation of transformation from the time point of view.
6. International Competitiveness: business environment and its components, connections and links, selected indicators of the quality of the business environment.
7. The function of international trade in relation to the national economy, the forms of involvement of business entities in international trade.
8. International Trade of Developed Countries.
9. International Trade of Developing Countries.
10. International Trade of the Czech Republic.
11. Globalization and Internationalization. Strategies and forms of enterprise entry into international markets. Direct and indirect forms of entry. Capital and non-capital inputs.
12. Management of International Business Operations: starting points, delivery and payment terms, financing, logistics and risk.
13. International Trade Control, Reporting, Corporate Governance, CG Regulating and Comparison, Mechanisms and Processes, Types of Investors, CG, Strategies and stakeholders.