INTERNATIONAL ISLAMIC UNIVERSITY

Faculty of Management Sciences Department of Finance

INTERNATIONAL BUSINESS & WTO
Course Code: ECO 404 Prerequisite: Credit Hours: 3 Instructor: Imran M. Qureshi COURSE OBJECTIVES The primary objective of this course is to give a detailed understanding of International Business mechanisms and its impact on individual businesses. A student will be able to form a clear picture of the overall picture of International business and specially the impact of WTO and global events on business organizations. RECOMMENDED BOOKS

International Business: 7th Edition by M.R. Czinkota, I.A. Ronkainen & M.

H. Moffett International Business - Environments and Operations 10th Edition by John D. Daniels, Lee H. Radebaugh & Daniel P. Sullivan TOPICS Brief History of Globalization International Business Environment Theories of Trade and Investment Balance of Payments Monetary Systems: Historical development and Contemporary Systems International Financial Markets Transition Economies and Business World Trade Organization (WTO) Agreements under WTO, GATT WTO and Global Events Impact of WTO on Pakistan Developing a Global Enterprise

COURSE REQUIREMENTS

Students are expected to be punctual and regular.

Student arriving more than 5 minutes late to a lecture will be marked absent for that class. Students should take all class exams, unannounced quizzes and should complete all assignments on time, as the deadline for any task will not be extended.

All assignments must be handed at the end of the class on due dates. Any assignments given after the class has ended will be entailing an F grade. As per institute policy instructor will not provide explanation of questions and definition of terms and words during any exam/test. Students should bring their own stationery, as nobody will be allowed to share them during exams/tests.

To actively participate in the class discussions students must revise previous lectures regularly. If a student is absent from a lecture, it is his/her responsibility to find out and cover whatever was missed. The course instructor reserves the right to refuse help to students who miss lectures regularly.

ATTENDANCE POLICY

75% attendance is mandatory, which translates into: absences in 75 minutes sessions

If the student exceeds this limit then as per university policy, they will not be allowed to sit in the final exam.

TESTING & EVALUATION

Learning will be accomplished through lectures, outside readings and student participation in classroom discussion and presentations. Grading will tend to focus on overall personality rather than one or two aspects. Course grade will depend on continuous reading and application of concepts learned in class. Test questions may be taken from textbook readings, hypertext material, additional material discussed in class and/or other assigned readings. Students are required to submit assignments in soft and hard formats.

Marks Distribution (1) (2)

Mid-term Class Participation Final Report & Presentation Final Total 20% 10% 30% (To be announced in class) 40% 100%

(5) (6)

Grading System
SCORE 80% and above 75 -79.5% 70 -74.5% 65 69.5% 60 64.5% 55 59.5% 50 54.5% Below 50% ACADEMIC DISHONESTY Academic dishonesty includes copying, plagiarism, any attempt to help or get help from others during a test or quiz. For the first offence F will be marked for the particular test, second time F will be marked for the whole course Copying assignments from fellow students, OCR scanning of text from books and submission of assignments without references are also considered as academic dishonesty. All Assignments found identical will be marked zero and cheating cases will be filed to students record. GRADE A B+ B C+ C D+ D F

COURSE CONTENTS & CLASS SCHEDULE

Week 1 International Business Imperative Brief History of Globalization Week 2 Global Links Geographic Perspective on International Business

Week 3 The Elements of Culture Sources of Knowledge Cultural Analysis Utilizing culture for business success Assignment -1 Week 4 Mercantilism, Classical Trade Theory Factor Proportions Trade Theory, International Investments and Product Cycle Theory Week 5 The New Trade Theory, The Theory of International Investment Competitive Advantage of Nations History of Monetary Systems Week 6 Fundamentals of Balance of Payments Accounts of Balance of Payments Balance of Payment and Economic Crises Capital Mobility Week 7 Exchange Rates Contemporary Monetary Systems Assignment -2 Week 8 International Financial Markets Levels of Economic Integration Week 9 Midterm Examination Week 10 Global examples of economic integration Transition Economies and Business State Enterprises and Privatization Week 11 WTO Goals of trade and International Policies

Global Trade Regulations Week 12 Policy Reponses to Changing Conditions International Relations and Law Week 13 Agreements Under WTO GATT Doha Round of Talks

Week 14 WTO and Global Events Impact of WTO on Pakistan Week 15 Developing a Global Enterprise Entry and Expansion Strategic Planning Week 16 Final Project Presentations Note: This class schedule is tentative and is subject to marginal changes by the instructor.