6 ec500 ibes module handbook
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The document outlines the International Business Economics and Strategy module handbook for the academic year 2015-16, detailing module descriptions, learning outcomes, content, assessment methods, and resources. It emphasizes the analytical approach to studying international business, incorporating themes like global economic shifts, trade theories, and strategic management. Assessment includes multiple computer tests and a written essay, encouraging critical analysis and application of theories to real-world business scenarios.
6 ec500 ibes module handbook
- 1. 1 of 9 I have complete copy of this assignment. If you want to have complete draft of this work with no plagiarism, then contact me at my email id: projectwork185@gmail.com 6EC500 INTERNATIONAL BUSINESS ECONOMICS AND STRATEGY Module Handbook 2015-16 Table of contents Module Description ....................................................................................................................2 Module Learning Outcomes.......................................................................................................2 Module Content..........................................................................................................................2 Module Learning and Teaching Methods ..................................................................................3 Module Textbooks..................................................................................................................4 Semester 1 – Spring 2016................................................ Error! Bookmark not defined. Semester 2 – Autumn 2016................................................................................................4 Attendance ........................................................................... Error! Bookmark not defined. Assessment................................................................................................................................4 Assessment Methods for Semester 1 – Spring 2016.......... Error! Bookmark not defined. Assessment Methods for Semester 2 – Autumn 2016..........................................................5 Work Schedule Semester 1 – Spring 2016 ............................. Error! Bookmark not defined. Work Schedule Semester 2– Autumn 2016 ..............................................................................7 RESOURCES............................................................................................................................8 Semester 1 – Spring 2016 ................................................... Error! Bookmark not defined. Semester 2 – Autumn 2016 ...................................................................................................8 RELEVANT JOURNALS – via Emerald or EBSCO Business Premier.............................9 OTHER RESOURCES .......................................................................................................9
- 2. 2 of 9 Module Description This module presents a powerful combination of economics and strategy that employs a rigorous analytical approach in the study of international business. As part of this module, you will explore the major global economicshiftsand understand the theories of the globalisation of business. You will study the key underpinnings, trends and challenges of international trade and foreign direct investment. You will gain an insight into the workings of the international financial system and understandthe problems facedbythe multinational companieswhendealingwithforeignexchange and interest rates. You will analyse the importance of government and institutions in controlling/regulating international business behaviour. This will, then, allow you to examine the different, and often conflicting, perspectives and theories in the field of strategy evident in the currentdebate amongacademicsandpractitioners.Strategicmanagementprovides a critical aspect of the international business as it ensures the long-term sustainability of the business in ever- changing,andoftenhostile,internationalandglobal business environment. As part of this module, youwill learnhowtodevelop a strategy for an international business as well as how to implement such a strategy. When putting strategy into action you will consider a range of complex issues like culture, leadership, corporate governance and others. Throughout this module, you will develop critical practical skills valued by employers and professional accreditation bodies. These include selecting and interpreting data, problem-solving and decision-making, positioning analysis, and developing and evaluating strategic options. Such skills are vital for successful careers in a variety of international and domestic organisations. Module Learning Outcomes On successful completion of the module, you will be able to: 1. Integrate the theories of international trade and investment in an applied analysis of observed business behaviour; 2. Critically evaluate the activities and strategies of international businesses in light of economic policies and regulations; 3. Compare and contrast the key concepts and contemporary theories relating to business strategy and strategic management; 4. Applyappropriate andrelevanttheoriestocomplex businesssituationsto determine future strategic direction and provide recommendations for implementation; 5. Criticallyevaluate strategicoptionsandselectthe mostappropriate toimplement to ensure the long-term sustainability of an organisation. Module Content In the first half of the module, you will look at the patterns of globalisation and you will study the theories of international trade and foreign direct investment. We will analyse the case for trade liberalisationandthe argumentsbehindnational protectionist trade policies. You will examine the importance of regional economic integration efforts and of supra-national organisations like the WTO. Nextyouwill gainanoverviewof how the international monetary system works and what are its implications for business, namely the impact of foreign exchange regimes and currency management.Youwill analysethe role of foreigndirectinvestment(FDI) andevaluatethe strategies available for the internationalisation of businesses.
- 3. 3 of 9 In the secondhalf of the module,we will lookatstrategic decision-making, distinguishing between the differentlevelsof strategy at – functional/operational, business and corporate levels. You will start by analysingthe strategicposition of an international business and evaluate its resources and capabilities (positioning analysis). You will then learn how to formulate, evaluate and implement consumer-drivenstrategies,andhowthe values of the company and ethical considerations affect a company’smission.Strategic options development will consider the methods of strategic growths (organic, mergers and acquisitions, strategic alliances), strategic choices, their development and evaluation, are taught alongside contemporary topics to do with the hypercompetitive strategies and complexity management, among others. Specific attentions will be given to the international and global strategy development and implementation issues. ‘Strategyinaction’elementformsanimportantpartof thismodule.Itisintroducedthrougha range of seminarsdesignedtodevelopskillsnecessaryforstrategyimplementation:communication strategies,change management,stakeholdernegotiationsandcorporate governance,cultural dexterityinmanagementandleadership Module Learning and Teaching Methods You will learnthroughacombinationof lecturesandseminarsandwill be expected to work through the course materials available online for each topic in advance. The lectures will outline theories, analyse current events and introduce you to guest speakers, business experts and recruiters. Seminarswill be drivenbyquestionsanddiscussionof the topics and case studies relating to theory and practice. In seminars, you will prepare tasks both individually and working within a small group: analysing data, working through theories and preparing case studies. There will be a substantial amount of directed reading, both from the core texts, academic journals and internet sources. We will encourage you to read widely for this subject, and to use both your personal work experiences (where relevant) andyourpreviousknowledgeinordertodevelopyouranalytical study skills of the global business environment and strategy. Clinics will provide you with an additional assessment support..
- 4. 4 of 9 Module Textbooks Semester 2 – Autumn 2016 Core text:Griffin,R.and Pustay,M. (2012) InternationalBusiness,7th Edition,PearsonEducation Supportive text: Krugman,P.R.,Obstfeld,M.and Melitz,M.(2011) InternationalEconomics:Theory and Policy,9th Edition,PearsonEducation Assessment AssessmentRationale:It isintendedthatstudentsshouldbe able toconsidertheoriesandconcepts ina critical andanalytical manner.Studentsshouldalsobe able toapplytheoriestothe activitiesof global businessthattheyobserve. AssessmentCriteria:Studentswill be expectedtoundertake effectiveresearchandtopresenttheir findingsinanorganisedstructure. Youmustdemonstrate acritical awarenessof the activitiesof global business. Quality Indicators: Please refertothe studentregulationsandtothe DBS guidelinesforinformation and policyconcerningplagiarism.The standarddescriptorsfromthe Undergraduate Gradingscale will be usedthroughoutthe module. Please see the Programmehandbook.
- 5. 5 of 9 AssessmentMethodsfor Semester 2 – Autumn 2016 The assessment(weighting50%of the module grade) willconsistof twocomputerassessmentsand one writtenessay. Assessment Component Details Deadline (1) Computer test 1 (10% of module grade – Learning Outcome 1) Test of knowledge of the key topics studied. Time-constrained - 50 min. Multiple-choice questions - approx. 25 questions. Week 5 of the first semester TBC (2) Computer test 2 (10% of module grade – Learning Outcome 1) Test of knowledge of the key topics studied. Time-constrained - 50 min. Multiple-choice questions - approx. 25 questions. Week 12 of the first semester TBC (3) A 2,500 words individual essay (30% of module grade – Learning Outcome 2) A 2,500 words essay on an international business economics topic chosen from the seminar list (see schedule). Must use Harvard Style Referencing and in text Citations with good quality bibliography and appendixes if needed. Individual Assignment submission deadline is within 7 days of topic presentation. The written assignmentwill be anindividual essaybasedonyour group presentation in the seminar of your choice. Your group (3–5 members) will lead the seminar by explaining and analysing your chosenissue,whichshouldtake 30minutes.Othermembersof the seminar groupwill thenhave the opportunity to ask you questions and to seek clarification on particular points. You will receive immediate feedback from your seminar tutor on your presentation and topic approach and feed- forward to help you prepare your individual essay You will be assessed on your individual essay (2,500 words +/- 10%) on the issue, which should reflect your group’s research and the discussion in the seminar as well as your own independent reading. You can achieve high grades in this assignment only if you have researched your topics thoroughly and fully applied the relevant theories in a logical analysis of the issue. Suggested outlinesforeachtopic and additional assessment criteria can be found online in Course Resources along with detailed marking rubrics for each topic. Deadline for submissioniswithin7 days of the group presentation.Youwill submitthe essayonline using the special Turnitin assignment links in Blackboard. Feedback on your submission will be returned to you within 3 weeks.
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- 7. 7 of 9 Work Schedule Semester 2– Autumn 2016 Week No. Topic Semester 1 - Seminar activities 1 Introduction to International Business (G&P Ch 1) QuestionsforDiscussion Case studies 2 The global marketplace &the international environment(G&PCh 2, 3) QuestionsforDiscussion Case studies 3 The Role of Culture, PoliticsandEthics (G&P Ch4,5) QuestionsforDiscussion Case studies 4 International trade theory(G&PCh 6) QuestionsforDiscussion Case studies 5 International investmenttheory (G&P Ch6) FIRST COMPUTER-BASED TEST will take place during seminar 6 International monetarysystem (G&P Ch7) To what extent are European entrepreneurs seeking to start new businessesat a disadvantagecomparedto their Americanrivals? You have informationinthe case studyandin the chapter,butdo some researchonthe webtofindout aboutparticularcompanies & how theyhave raisedfinance tostartup, expandand/or takeoverotherfirms 7 Foreignexchange marketsand currency management (G&P Ch8) To what extent shouldagovernment take action ifa country such asthe USA(&/orUK) has a persistent deficiton its current accountof the balance ofpayments? You have informationinthe case study(gothroughthe questions) and inthe chapter,but use journal articles&the webtofindout aboutspecificsectorsof the economy& the impactof large capital inflowsintoaneconomy. 8 International business and national trade policies Shoulda central bankuse its currency reserves to support the valueof its country’scurrency inthe foreign-exchangemarket? Whatcan be achieved by suchintervention? You have informationinthe case study(dogo throughthe
- 8. 8 of 9 Week No. Topic Semester 1 - Seminar activities (G&P Ch9) questions) andinthe chapter,butuse journal articlesandthe web to findanalysesof the currencycrisesthathave affectedmany countriessuchas the UK in 1992, the Mexicoin1994, the Asian countriesin1997 andthe recentfinancial crisis. 9 International co- operationandtrading blocs (G&P Ch10) Coulda damagingtradewar develop between the EU, USand China? You have informationinthe case studyaboutthe USA and Asia (dogo throughthe questions) andinthe chapter,butuse journal articlesandthe webto findoutabout the tensionsbetweenthe US and the EU such as in the casesof the steel dispute,‘banana wars’& GM foods,orbetweenUSand Chinaontires,EU and Chinaon shoesetc. 10 FDI and Foreignentry modes (G&P Ch6, 12) To what extent doesregional economicintegrationaffect the strategies pursuedby international businesses? You have informationinthe textbookaboutNAFTA andEU but use journal articlesandthe webto findmore about otherregions and researchthe strategiesof differentfirms. 11 International strategic alliances (G&P Ch13) Evaluatethe use of a Greenfieldsitecompared to an Acquisition for entering a foreigncountry. You have informationinthe case studyandin the chapter.There isalso a wealthof informationinbusinessmagazinesandjournal articles. 12 Conclusions/Revision SECOND COMPUTER-BASED TEST will take place duringseminar RESOURCES Semester2 – Autumn 2016 Besanko,D.,D.Dranove,M. Shanley,S.Schaefer(2009),Economicsof Strategy,5th Edition,John Wiley&Sons Bhagwati,J.N.(2005), In Defense of Globalization,OxfordUniversityPress Dicken,P.(2010), Global Shift:Mappingthe ChangingContoursof the World Economy,6th Edition, Sage PublicationsLtd.
- 9. 9 of 9 Caves,R.E.,J. A.Frankel,R.W.Jones(2006), WorldTrade and Payments:AnIntroduction, International Edition,PearsonEducation Hill,C.W.L. (2010), International Business:Competinginthe Global Marketplace,8thedition (Internationaledition) McGraw-Hill/Irwin. Markusen,J.R.(2004), Multinational Firmsandthe Theoryof InternationalTrade,The MIT Press Piggott,J.and M. Cook (2006), International BusinessEconomics:A EuropeanPerspective,2nd edition,PalgraveMacmillan Rivera-Batiz,L.A.andM.A.Oliva(2004), International Trade Theory,Strategies,andEvidence,Oxford UniversityPress RELEVANT JOURNALS – via Emerald or EBSCO Business Premier Administrative Science Quarterly BrookingsPapersonEconomicActivity Harvard BusinessReview International BusinessReview Journal of General Management Journal of International BusinessStudies Journal of International Economics Journal of Political Economy Long Range Planning QuarterlyJournal of Economics SloanManagementReview StrategicManagementJournal The Journal of BusinessStrategy OTHER RESOURCES Where applicable videos,businesssimulations,case studiesetc.will be usedtoenhance andsupport the module content. BBC NewsBusiness –http://news.bbc.co.uk/ Financial Times - http://www.ft.com/ The Economist- http://www.economist.com/
- 10. 10 of 9 The Wall StreetJournal - http://www.wsj.com/ Key article studied in this module – available on the module Blackboard: 1. Bonn, I., (2001), Developing Strategic Thinking as a core competency, Management Decision, 39/1, 63-70; 2. Greatz, F., (2002), Strategic thinking versus strategic planning: towards understanding complementaries, Management Decision, 40/5, 456-462; 3. Mintzberg H. (1987), Crafting Strategy, Harvard Business Review, July-August 1987. 4. Mintzberg H. (1994), The Fall and Rise of Strategic Planning, Harvard Business Review, January-February 1994. 5. Porter M.E. (1987), From competitive advantage to corporate strategy, Harvard Business Review, May-June 1987.