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Thursday, May 21, 2020


B. Com: Semester VI
Internal Assessment -30
Term End Exam - 70
Marks: 100
Lectures: 65

Objectives: The objective of the course is to familiarize the students with the concepts, importance and dynamics of international business and India’s involvement with global business. The course-also seeks to provide theoretical foundations of international business to the extent these are relevant to the global business operations and developments.
Unit I:
Lectures 13                            20
a. Introduction to International Business: Globalization and its importance in world economy; Impact of globalization; International business vs. domestic business: Complexities of international business: Modes of entry into international business.
b. International Business Environment: National and environments and their components – economic, cultural and political-legal environments.
Unit II:
Lectures 13                     20
a. Theories of International Trade: an overview (Classical Theories, Product Life Cycle theory, Theory of National Competitive Advantage); Commercial Policy Instruments– tariff barriers (Subsidy, Quota and Embargo in detail); Balance of payment account and its components.
b. International Organizations and Arrangements: WTO – Its objectives, principles, organizational structure and functioning; An Overview of other organizations – UNCTAD; Commodity and Other Trading Agreements (OPEC).

Unit III:
Lectures 13                             20
a. Regional Economic Co-operation: Form of regional groupings; Integration efforts among countries in Europe North America and Asia (NAFTA, EU, ASEAN and SAARC).
b. International Financial Environment: International financial system and institutions (IMF and World Bank – Objectives and Functions); Foreign exchange markets and risk management; Foreign investments – types and flows; Foreign investment in Indian perspective.
Unit IV:
Lectures 13                       20
a. Organisational structure for international business operations; International business negotiations.
b. Developments and Issues in International Business: Outsourcing and its potentials for India; Role of IT in international business; International business and ecological considerations.
Unit V:
Lectures 13                 20
a. Foreign Trade Promotion Measures and Organizations in India: Special Economic Zones (SEZs) and Export Oriented Units (EOUs),; Measures for promoting foreign investments into and from India; Indian joint ventures and acquisitions abroad.
b. Financing of foreign trade and payment terms – sources of trade finance (Banks, factoring, forfeiting, Banker’s Acceptance and Corporate Guarantee) an forms of payment (Cash in advance, Letter of Credit, Documentary Collection, Open Account).
Suggested Readings:
1. Charles W.L. Hill and Arun Kumar Jain, International Business. New Delhi: McGraw Hill Education
2. Daniels, John, D. Lee H. Radenbaugh and David P. Sullivan, International Business, Pearson Education.
3. Johnson, Derbe., and Colin Turner. International Business – Themes & Issues in the Modern Global Economy, London: Roultedge
4. Sumati Varma, International Business, Pearson Education.
5. Cherunimal, Francis. International Business : Text and Cases, PHI Learning
6. Michael R. Czinkota. et. al. International Business. Forthforth: The Dryden Press.
7. Bennett, Roger. International Business. Pearson Education.
8. Peng and Srivastav, Global Business, Cengage Learning.
Note: Latest edition of text books may be used.

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