ASSAM UNIVERSITY SYLLABUS (NON - HONS): INTERNATIONAL BUSINESS (6th SEM - CBCS PATTERN)

B. Com: Semester VI

Paper B.C. 6.2 (a): INTERNATIONAL BUSINESS

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.