Prague, Czech Republic - International Studies Abroad

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International Business & EconomicsUniversity of Economics, Prague Academic Year 2 2017/2018 Global Business and International Trade

History, Culture & PoliticsCharles University International Business & Economics- University of Economics, Prague

Course Code: IP_331 Language of Instruction: English Course taken with: International Students University of Economics Prague (Prague, Czech Republic)

Academic Year 2 2017/2018 Courses Available Course Details Itinerary Excursions Universities Photos Housing

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COURSE DESCRIPTION Area of Study University of Economics- Prague Courses > International Business & Economics

Hours & Credits

On-Site Staff Academic Year 2 2018/2019 Semester / Trimester Summer Orientation & BCP

Contact Hours


ECTS Credits


Recommended U.S. Semester Credits

3 4.5

Recommended U.S. Quarter Units

Housing Culture Corner

Notes Regarding Credits Per the University of Economics, 7 ECTS credits represent 3 U.S. semester credits.

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Recommendation: Upper Division

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Language Level: Taught In English

Overview **This is a sample course decription only. Actual course content may change term-to-term. Course Description The purpose of this course is to provide students with deep understanding of international business and its importance in today?s globalized world. Many aspects are presented and discussed using traditional structure of a lecture and a seminar. Practical skills are acquired through team discussions, projects and a large case study. Students are to understand the theoretical concepts of international trade and also its current developments with a special attention to the recent economic crisis. Legal and sociocultural aspects are given enough time, since they play an increasing role in doing business. Methods of Lecturing Lectures (all with a separate presentation), seminars (all with a separate presentation), discussions, teamwork, projects and case studies (many smaller ones and a large one). Detailed Content: International trade theories Mercantilists, classical theories (the basic model, absolute and comparative advantages), theory of terms of trade, neo-classical theories (Heckscher-Ohlin model, Stolper-Samuelson theorem, the factor price equalization theorem), test of trade models (MacDougall?s test of the classical model, Leontief's paradox, Balassa index), modern theories (human skills theory, product life cycle theory, similarity of preferences theory, intra-industry trade). Current trends and historical patterns of international trade in goods and services Motives for engaging into international trade (pros and cons), functions of international trade, dynamics and structure of commodity structure and territorial structure, prices, terms of trade, developing countries in international trade, international trade position of Central and Eastern Europe, international trade in services. Impact of economic crisis on international trade, its recovery. Global competitiveness Competitiveness of countries and companies in changing and globalized world. Definition of competitiveness and its measurement (quantitative and multidimensional approach). Global competitiveness report of WEF, examples. Case study on CEE countries. International Trade Policy Framework of trade policy, trade policy as a system with internal and external links. Trade policy tools (tariffs and their deadweight loss, quotas, subsidies and other non-tariff barriers, safeguards). Development and current role of the WTO, arguments for trade protection and trade promotion as part of competitiveness of a country. Legal aspects of international business, intellectual property rights International legal forces (rule of law, sources of international law, extraterritoriality). International dispute settlement and litigation process. Organizations dealing intellectual property. Forms of intellectual property (patents, trademarks and trade names, copyrights, industrial design and geographical indication). Intellectual property management. Multinational corporations Brand value and its measurement. Definition of a multinational corporation (different approaches). Historical developments and current trends and importance in global economy. Advantages and disadvantages of multinational corporations. Ways of doing business internationally Difference between domestic and international business. Methods of going international at early stage (importing, exporting). Indirect exporting and the role of the middleman (broker, agent, importer), main advantages and disadvantages. Licensing and franchising, main advantages and disadvantages. Investment, main advantages and disadvantages. International investment Definition of FDI, theories of FDI (on macro level, on micro level, development theories, eclectic theories). Types of FDI and role of governments (attraction of investment). Recent trends and developments of FDI, flows by regions and type of capital, role of divestment. Sociocultural aspects of international business Why is culture and society important for business? Definition of society and culture. Individual elements of culture and their impacts on how business is conducted. Examples of unsuccessful communication in foreign countries. Corporate social responsibility Definition of CSR, brief history, reasons and the main principles (philanthropy, shared-value creation, benefiting from results and pressure from parent company). Main benefits and concerns. Examples and case studies on how CSR can change a company. Globalization in World Trade and World Economy Macroeconomic aspects of the globalization, its influence on trade and capital flows, current situation in the global economy and its short-term forecast, effects of globalization on the microeconomic level, the emergence of global corporate networks, implications of the globalization for individual economic entities, entrepreneurial strategies in a globalizing world economy. Assessment Criteria and Structure Attendance 20% Case study 10% Active participation 10% Term paper 10% Presentation 10% Final test 40% *Course content subject to change. Please contact your ISA Site Specialist for more information.

Back to Courses Available Course Disclaimer Courses and course hours of instruction are subject to change. Eligibility for courses may be subject to a placement exam and/or pre-requisites. Please reference fall and spring course lists as not all courses are taught during both semesters.

Since 1987, ISA has offered quality study abroad programs for undergraduate students. ISA has a wide variety of study abroad programs at accredited schools and universities throughout Africa, Asia, Europe, Latin America, The Middle East and The Pacific. We are proud to have joined the WorldStrides organization, the largest and most trusted educational travel company in the world. Founded in 1967, WorldStrides has grown to provide global educational programs for 400,000 students annually.



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Prague, Czech Republic - International Studies Abroad

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