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INSTITUTE OF TECHNOLOGY & SCIENCE MOHAN NAGAR, GHAZIABAD Learning objective & Lesson Plan

Course Code: PGDM (11-13) Faculty : Prof Mayank Kumar Theories & Practices

Trimester: IV Suject:International Trade

Pre-requisite: Knowledge of Financial Management and International Financial Management is required to understand International Business and Trade and its implementation in decision-making. Learning Objectives: This Course intends to: To provide knowledge about International Business, the environment in which it is conducted in India and the world. To provide exposure to theories and practicalities of International business and trade management. To provide an insight into the dynamics of international business negotiations To understand FOREX operations and risk capabilities and currency pricing and movement. . Learning Outcomes: It is expected that after completion of the course the student would be able to understand: About international markets International Trade Theories and Practices. FDI Foreign Exchange Market. Strategies used in international Business Entry strategies

Unit I Growth of international business: Globalisation, its Effects, Benefits & Costs, Multinationals; Firm-specific and location specific advantages, Role of MNCs in developing countries.

Unit II International Trade: Theories of International Trade- Absolute Advantage Theory, Comparative Cost Theory, Opportunity Cost Theory, Hecksher-Ohlin Theory., Vernons Theory of International Product Life Cycle. Unit III Foreign Direct Investment in world economy, Horizontal and vertical FDI, Benefit and cost of FDI, Government Policy on FDI Unit IV Foreign exchange; Theories of Foreign Exchange rate determination-Mint Parity Theory, Purchasing Power Parity Theory, Balance of Payment Theory, Interest Rate Parity Theory, Critical issues in international trade. Unit V Strategy of international business, Strategy and the firm, Profiling from global expansion, Pressure for cost reduction and local responsiveness, Strategic choices, International strategy. Unit VI Global entry strategy, Basic entry decisions, Entry modes, Selecting entry mode, Strategic alliances SUGGESTED READINGS: 1) Aswathappa- International Business (Tata McGraw-Hill, 2002) 2) Daniels- International Business (Pearson Education) 2004. 3) Paul J- International Business (Prentice-Hall, 2004) 4) Deresky H- International Business (PHI, 2003) 5) Hill C W- International Business (Tata McGraw-Hill,2002.) 6) Varma M L- International Trade (Vikas, 2003) 7) Taggart- The Essence of International Business (PHI) Evaluation Criteria: End term exam: 40 marks Quiz: 10 marks Presentation: 20 marks Assignment: 15 marks Case study ; 15 marks

Lesson Plan: International Trade Theories & Practices S.No Unit I Growth of international business: Globalisation, its Effects, Benefits & Costs, Multinationals; Firm-specific and location specific advantages, Role of MNCs in developing countries. Unit II International Trade: Theories of International TradeAbsolute Advantage Theory, Comparative Cost Theory, Opportunity Cost Theory, Hecksher-Ohlin Theory., Vernons Theory of International Product Life Cycle. 7 Quiz Unit III Foreign Direct Investment in world economy 8-10 Horizontal and vertical FDI Benefit and cost of FDI Government Policy on FDI Presentation 11-13 5-6 1-4 International Business: P.Subba Rao Himalaya Publication Ltd. Topic Lecture No References Remarks

Hill C WInternational Business (Tata McGrawHill,2002.)

International Business: P.Subba Rao Himalaya Publication Ltd.

Unit IV Foreign exchange Theories of Foreign Exchange Rate determination Mint Parity Theory Purchasing Power Parity Theory Balance of Payment Theory Interest Rate Parity Theory Critical issues in international trade 20-21 Assignment Unit V Strategy of international business 22-26 Strategy and the firm Profiling from global expansion, Pressure for cost reduction and local responsiveness, Strategic choices, International strategy. Case Study Unit VI Global entry strategy 29-31 Basic entry decisions Entry modes Selecting entry mode Strategic alliances 32-33 Case Study 27-28 14-19

Paul JInternational Business (Prentice-Hall, 2004) International Business: P.Subba Rao Himalaya Publication Ltd.

Hill C WInternational Business (Tata McGrawHill,2002.)

Hill C WInternational Business (Tata McGrawHill,2002.)