International Business Environment

Paper Code: 
EMI 525
Credits: 
4
Contact Hours: 
60.00
12.00
Unit I: 
An Overview of International Business:

Introduction, Definition of International Business, Changing Environment of International Business, Globalization of Markets, Trends in Globalization, Effects and Benefits of Globalization.

12.00
Unit II: 
International Business Theories:

Introduction Mercantilism, Absolute Advantage Theory Comparative Cost Theory, Hecksher-Ohlin Theory, Product Cycle Theory.

12.00
Unit III: 
Instruments of Trade Policy:

Tariffs, Subsidies, Import Quotas, Voluntary Export Restraints, Administrative Policy, Anti-dumping Policy.

12.00
Unit IV: 
Foreign Exchange Determination Systems:

Basic concepts relating to Foreign Exchange, Various types of Exchange Rate Regimes, Factors Affecting Exchange Rates, Brief History of Indian Rupees Exchange Rates.

12.00

International Institution: UNCTAD, its Basic Principles and Major Achievements, IMF, Role of IMF, IBRD, Features of IBRD, WTO, Role and advantages of WTO.
Regional Economic Integration: Introduction, Levels of Economic Integration, Regional Economic Integration in Europe, Regional Economic Integration in U.S.A, ASEAN, SAARC, Integration for Business.
 

References: 

Text Books:

  1. Agarwal Raj.- International Trade (Excel, 1st Ed.)
  2. Hill C.W.-International Business (TMH, 5th Ed.)

Suggested Readings:

  1. Daniels- International Business (Pearson, 1st Ed.)
  2. Black J-International Business Environment (Prentice Hall)
  3. Bhalla V.K.- International Business Environment (Anmol)