International Business Environment

Study Course Description

Course Description Statuss:Approved

Course Description Version:2.00

Study Course Accepted:02.02.2024 12:29:37

Study Course Information
Course Code:		SBUEK_246		LQF level:		Level 6
Credit Points:		2.00		ECTS:		3.00
Branch of Science:		Economics; Regional Economics		Target Audience:		Management Science; Juridical Science; Social Welfare and Social Work; Marketing and Advertising; Pedagogy; Public Health; Social Anthropology; Political Science; Information and Communication Science; Communication Science; Business Management; Sociology
Study Course Supervisor
Course Supervisor:		Tatjana Boikova
Study Course Implementer
Structural Unit:		Faculty of Social Sciences
The Head of Structural Unit:
Contacts:		Dzirciema street 16, Rīga, szfrsu[pnkts]lv
Study Course Planning
Full-Time - Semester No.1
Lectures (count)		8	Lecture Length (academic hours)		2	Total Contact Hours of Lectures		16
Classes (count)		8	Class Length (academic hours)		2	Total Contact Hours of Classes		16
Total Contact Hours								32
Part-Time - Semester No.1
Lectures (count)		3	Lecture Length (academic hours)		2	Total Contact Hours of Lectures		6
Classes (count)		5	Class Length (academic hours)		2	Total Contact Hours of Classes		10
Total Contact Hours								16
Study course description
Preliminary Knowledge:
Basic knowledge of economics.
Objective:
The aim of the course is to give knowledge to students towards the global business economic environment and the business world key issues faced by today’s decision makers.
Topic Layout (Full-Time)
No.	Topic			Type of Implementation		Number	Venue
1	An Overview of the World Economy. Globalisation and Business Strategy			Lectures		1.00	auditorium
				Classes		1.00	auditorium
2	MNCs in a Global Economy			Lectures		1.00	auditorium
				Classes		1.00	auditorium
3	International Monetary Systems			Lectures		1.00	auditorium
				Classes		1.00	auditorium
4	The Global Trading Environment. Free Trade and Protectionism			Lectures		1.00	auditorium
				Classes		1.00	auditorium
5	The Global Financial Environment			Lectures		1.00	auditorium
				Classes		1.00	auditorium
6	International Movements of Capital and Multinational Corporations			Lectures		1.00	auditorium
				Classes		1.00	auditorium
7	European Economic and Monetary Union			Lectures		1.00	auditorium
				Classes		1.00	auditorium
8	International Organisations and Global Business			Lectures		1.00	auditorium
				Classes		1.00	auditorium
Topic Layout (Part-Time)
No.	Topic			Type of Implementation		Number	Venue
1	An Overview of the World Economy. Globalisation and Business Strategy			Lectures		1.00	auditorium
2	MNCs in a Global Economy			Classes		1.00	auditorium
3	International Monetary Systems			Classes		1.00	auditorium
4	The Global Trading Environment. Free Trade and Protectionism			Classes		1.00	auditorium
5	The Global Financial Environment			Lectures		1.00	auditorium
6	International Movements of Capital and Multinational Corporations			Classes		1.00	auditorium
7	European Economic and Monetary Union			Classes		1.00	auditorium
8	International Organisations and Global Business			Lectures		1.00	auditorium
Assessment
Unaided Work:
Work with literature; data search, analysis of literature sources; case studies analysis. In order to evaluate the quality of the study course as a whole, the student must fill out the study course evaluation questionnaire on the Student Portal.
Assessment Criteria:
Activity during interactive lectures – 60%; Exam – 40%.
Final Examination (Full-Time):		Exam (Written)
Final Examination (Part-Time):		Exam (Written)
Learning Outcomes
Knowledge:		On successful completion of the course, student will know current issues in the global economy, how global economic forces act on an individual country, the globalisation drivers and the global business international trading and financial environment, why do businesses go multinational, the main trends in international capital flows and in multinational investment dynamics, international trade patterns.
Skills:		Students will get the following skills: • to analyse the major trends in development of the world economy; • to assess the position of the global business in the world economy; • to reveal the issues relevant to the global business in the changing world economy; • to apply international economic theory relative to real global business issues; • to determine the conditions of successful entry into new international markets.
Competencies:		Students will be able to reveal the main challenges in the global economy: in trade, finance and technology development, to analyse the global business behaviour in the changing international environment, to explore the perspectives of global business in terms of the growing international competition, to evaluate the gains from international trade, to specify the factors of increasing competitiveness of global business in the world economy. Students will be competent in the major issues of global business in the international environment.
Bibliography
No.	Reference
Required Reading
1	Hamilton L., Webster P. The International Business Environment. 4th Edition. Oxford University Press, 2019
2	Komlos J. Foundations of Real-World Economics: What Every Economics Student Needs to Know. 2nd Edition. Routledge, 2019
3	Kerr W., Perdikis N. A Guide to the Global Business Environment: The Economics of International Commerce. Edward Elgar Pub., 2014
Additional Reading
1	Hill C.W.L. ISE International Business: Competing in the Global Marketplace. 14th Edition. McGraw Hill, 2022
2	Misawa M. Cases on International Business and Finance in Japanese Corporations. 2nd Edition. World Scientific, 2015
3	Warnock D. The International Business Environment. A Handbook for Managers and Executives. Productivity Press, 2015