Course detail

International Business

FP-OmoPAcad. year: 2022/2023

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. They will gain experience in the preparation and resolution of real business cases in an international environment.

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", which are displayed in IT (news) of the subject at the beginning of the semester.

EVALUATION OF STUDENTS 'CONTINUOUS WORK IN EXERCISES
Maximum number of points
Proposal 10
Team project 40
Total for exercises (min. 25 points) 50

Exam test (min. 50 points) 100
Overall rating 150

Assessment methods and criteria linked to learning outcomes: Course-unit credit is awarded on the condition that the student has achieved at least 50% points during the semester (25 pts). At least 50% points (50 pts) are required to pass the test.
The final evaluation of students will depend not only on the results of the written test, but also on the number of points that the student obtains throughout the semester in the seminars. A total of 150 points can be achieved, which will be converted to 100 points on the ECTS scale.

EVALUATION OF STUDENTS WITH INDIVIDUAL PLAN OF STUDY
Maximum number of points
Proposal 10
Individual project 40
Total for exercises (min. 25 points) 50

Exam test (min. 50 points) 100
Overall rating 150

Assessment methods and criteria linked to learning outcomes: Course-unit credit is awarded on the condition that the student has achieved at least 50% points during the semester (25 pts). At least 50% points (50 pts) are required to pass the test.
The final evaluation of students will depend not only on the results of the written test, but also on the number of points that the student obtains throughout the semester in the seminars. A total of 150 points can be achieved, which will be converted to 100 points on the ECTS scale.

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.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.
2. Importance of International Trade, priciples and rules; knowledge of territory; knowledge of mentality, culture and religion in territories. Principles of economic security in 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. Management of international business operations, starting points, delivery and payment terms, financing and risks.
5. The Major Centers of the World Economy: quantitative comparisons - USA, Japan, China, EMU and others - integration processes from aspects of international trade.
6. Globalization and Internationalization. Strategies and forms of enterprise entry into international markets. Direct and indirect forms of entry. Capital and non-capital inputs.
7. International Competitiveness: business environment and its components, connections and links, selected indicators of the quality of the business environment.
8. Strategies and forms of entry into international markets; direct and indirect forms of input, capital and non-capital inputs.
9. Logistic in international trade
10. Globalisation and internationalization, strategic allinces in international trade, protectionism.
11. The function of international trade in relation to the national economy, the forms of involvement of business entities in international trade. Management of International Business Operations: basics issues, delivery and payment terms, financing, logistics and risk.
12. Public tenders, public contracts, specifics of public tenders and what precedes them; issues of guarantees, bail and retention, trading with special material;
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. To support their skills in the preparation of real business cases in an international environment.

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.

Elearning

eLearning: currently opened course

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

Ing. František Milichovský, Ph.D., MBA, DiS.
doc. PhDr. Iveta Šimberová, Ph.D.

Syllabus

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.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.
2. Importance of International Trade, priciples and rules; knowledge of territory; knowledge of mentality, culture and religion in territories. Principles of economic security in 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. Preparation for participation and negotiations within the foreign state delegation; preparation for B2B meetings abroad; sales technology and psychology; goal setting and strategy; pricing, commission, guarantee and service;
5. The Major Centers of the World Economy: quantitative comparisons - USA, Japan, China, EMU and others - integration processes from aspects of international trade.
6. Globalization and Internationalization. Strategies and forms of enterprise entry into international markets. Direct and indirect forms of entry. Capital and non-capital inputs.
7. International Competitiveness: business environment and its components, connections and links, selected indicators of the quality of the business environment.
8. Developing of psychological skills in strategy and tactics development in various regions of the world; the right choice and appropriate choice of commodities for a specific territory; knowledge of products; creation of terms of trade contracts and exclusive contracts;
9. Building a business network, business contacts and personal relationships; creation and development of image and business relations abroad; creation and maintenance of information resources; geopolitics of Central Europe as a tool of economic and cultural communication;
10. Evaluation of business partners; personal security principles, emergency situations and their solution, crime prevention, corruption, dangerous banking operations, sanctions, health protection abroad;
11. The function of international trade in relation to the national economy, the forms of involvement of business entities in international trade. Management of International Business Operations: basics issues, delivery and payment terms, financing, logistics and risk.
12. Public tenders, public contracts, specifics of public tenders and what precedes them; issues of guarantees, bail and retention, trading with special material;
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.

Elearning

eLearning: currently opened course