Basics of International Business

Paper Code: 
IBG 116
Credits: 
3
Contact Hours: 
45.00
Objective: 

To acquaint students with the role of international institutions and monetary system.

10.00
Unit I: 
International Business

 Meaning, Scope, Importance, Drivers of International Business, International Business Vs Domestic Business, International Business Decisions, Advantages of International Business

10.00
Unit II: 
International Business Environment

 Meaning, Economic Environment-meaning, economic systems-market, command ,mixed system

Cultural Environment-meaning,language,religion,values and arttitudes,customs and manners .Political  and Legal Environment –meaning, political system, international political relations ,political stability ,legal systems, legal jurisdictions.

10.00
Unit III: 
Organization of International Business

 Types of Organization structure,Centralization, Factors affecting choice of structure & Decentralization.

8.00
Unit IV: 
International Monetary System

Pre-Bretton Woods  Period, Bretton Wood System, European Monetary System (EMU),  European Currency Unit (ECU) and EURO.

8.00
Unit V: 
International Financial Institutions

IMF, World Bank, IFC, IDA and ADB -Objective, Functions, Achievements, Recent Developments.

Essential Readings: 
  • S.K. Mathur, “ International Trade and Finance”, Shivam Book House, Jaipur.
  • Cherunilam Francis “International Economics”, Tata McGraw-Hill Publishing Company Limited, new Delhi
  • Cherunilam Francis “International Business”, Tata McGraw-Hill Publishing Company Limited, new Delhi
References: 
  • Avadhani,V.A,” International Finance, Theory and Practice”, Himalaya Publishing Company, New Delhi.
  • Shaprio, A.C: Multinational Financial Management, Prentice Hall of India, New Delhi...
  • Walter, Ingo: Handbook of International Business, John Wiley and Sons; New York.
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