1

Lovely Professional University, Punjab

FORMAT FOR INSTRUCTION PLAN (for Courses with Lectures with or without Labs) Term: __ I

Course No. _MGT 542 Course Title: International Business Environment L: 3 T: 1 P:0 Cr: 4

Textbook: 1. .Francis Cherunilam “International Economics”, Tata McGraw Hill Publishers: New Delhi.

Other Specific Books 2. Salvatore D:International Economics, 8th Edition, Wiley India Pvt. Ltd,New Delhi,2007, “International Business”,

Rakesh Mohan Joshi(additional)

3. World Trade Centre (Ed.Arun Goyal), WTO in the New Millennium, Academy of Business Studies, 2000,Michael

R.Czinkota,Michael H.Moffett “International Business” Thomson South- Western Publishers: (Additional)

4.Sawyer W. Charles and Sprinkle Ricard L., International economics, Prentice –Hall of India Pvt. Ltd New Delhi ,2005

5.Misra and Puri, Economic Environment of Business, 4th edition Himalaya publishing house,2007

6.Hill Charles W.L., and jain, Arun Kumar, International Business, Tata Mc Graw Hill, 6th edition, 2009

Other readings:

S.No. Journal articles as compulsory readings (Specific articles, Complete reference)

7 THE GREAT GAME: HOW GLOBALIZATION CHANGES THE MANAGERIAL MINDSET by Charles McMillan July/August 2009

8 KNOWING THE BUSINESS ENVIRONMENT: THE USE OF NON-MARKET-BASED STRATEGIES IN CHINESE LOCAL FIRMS by Mingfang Li and Haiwei Zhou November/December 2005

9 GLOBAL TRADE: IS REGIONALISM KILLING THE WORLD TRADE ORGANIZATION? by Lawrence L. Herman March/April 2005

Relevant websites:

S.No. Web address (Exact page address) Salient Features

10 www.palgrave.com/business/morrison/home.htm The concepts are clearly explained and the new chapter two is refreshing as it links all the facets of the international business environment

2

11 www3.babson.edu/Offices/AcademicServices/Concentrations/internationalBizEnviron.cfm

International Business Environment concentration provides a “macro” view of markets and institutions in the global economy.

12 www.lotsofessays.com/viewpaper/1696263.html

An essay or paper on International Business Environment. 1. The World Trade Organization (WTO) grew out of the General Agreement on Tariffs and Trade (GATT)

13 www.slideshare.net/jihadharb/international-business-environment-presentation

INTERNATIONAL BUSINESS – AN OVERVIEW Content Outline • Introduction • Definition and meaning

14 www.flipkart.com/international-business-environment-black-sundaram/8120311418-iu23f9lkyg

Book Review of International Business Environment

15 www.iveybusinessjournal.com/topics.asp?intTopic_ID=3 KNOWING THE BUSINESS ENVIRONMENT: THE USE OF NON-MARKET-BASED STRATEGIES Business Journal

16 http//www.youtube.com/watch?v=A8IVIrN081 Video Clip-Globalisation

17 http//www.youtube.com/watch?v=OWDcQCgEuj8 Video Clip-WTO

Note : Serial no. of text book , other specific books , other readings and websites should be in continuity and can go to any number, as illustrated in the format.

Detailed Plan for Lectures

Week No. Lecture No. Topic Chapters/ Sections of Textbook/ other reference1

Homework/ Task to be assigned to students3

Pedagogical tool Demonstration/ case study/ images/ animations etc.planned4

Pedagogical tool Demonstration/ case study/ images/ animations etc.actually used

Date Delivered2

(Mention Regular (R) / Make Up (M) class)

Part 1 (one fourth of total number of lectures)

1st

1 International Business: an overview, Concept of International Business ,Reasons for International Business Expansions

Chapter-1 Ref-1,10

2 Types of International Business, Need for International Business, Definition of International Business

Chapter-1

Ref-1,10

3

3 Impact of International Business on the United States Chapter-2 Ref-

1,10 Case Study-Cross-

Cultural Misapprehensions over the Swastika in the west

2nd

4 Recent world trade trends, Global trade and trends Chapter-3 Ref-

1,12

HW:1

5 Globalisation of world Economy, Drivers of Globalisation Chapter-4 Ref-

1,11,16 Video Clip-

Globalisation

6 Globalisation of business- Meaning , Dimensions and stages Chapter-4 Ref-

1,11

3rd

7 Essential Conditions for Globalisation , Implications, Chapter-4 Ref-

1,11 TP

8 Impact, effects and Benefits of globalisation , Obstacles to Globalisation .

Chapter-5 Ref-1,11

Demonstration(7)-Article

9 Trade Polices And Issues- Trade Strategy- Policy Instruments, trade strategy of India

Chapter-9 Ref-1,12

4th

10 Trade Barriers- Classification of Tariffs , Impact of Tariffs, Non Tariff Barriers.

Chapter-10 Ref-1,19

HW:2 Indian Economic Review- Journal

11 International Cartles, Commodity Agreements and State Trading

Chapter-11 Ref-1

12 Reasons For state trading, State Trading in India Chapter-11 Ref-

1,12

5th

13 Balance Of Payments , Components of Balance of Payments

Chapter-10 Ref-1

Case Study- Developing Countries trade dependence and exports growth opportunities

4

14 Foreign Direct Investment- Introduction, Types of FDI Chapter-12 Ref-

2

15 Theories of International Investment,FDI ttrends in India Chapter-12 Ref-

2

6th

16 Growth and Dispersion Of FDI, Foreign Investment By Indian Company

Chapter-15 Ref-1

Case Study- FDI in Automobile Sector in India

17 International Economic institutions –IMF- The process of IMF Lending, IMF Facilities

Chapter- 27 Ref-1

18 World Bank – Mission and Principles Purposes, Orientations

Chapter-28 Ref-1,3,18

Indian Journal of Quantitative Economics

7th

19 UNCTAD- Functions , Basic Principles,International Trade Centre

Chapter-27 Ref-1,12

20 WTO- Objectives, Rules Governing International Trade Chapter-28

Ref-1,12,17 Video Clip-WTO

21 Implications of Doha round, Uruguay Round. Formation of BRIC economies

Chapter-5 Ref-3,12

8th

22 Theory of International Trade and Investment: Absolute advantage Chapter-5 Ref-

3,12

23 Theory of Comparative advantage, Factor Proportions trade theory Opportunity Cost theory

Chapter-6 Ref-1

24 Factor Endowment Theory, New trade Theory Chapter-6 Ref-

3

9th

25 Regional Economic Integration , Regional Trade Blocks Chapter-13 Ref-

1 Case Study-

Emergence of Chip design industry in Asia

5

26 European Union (EU)- Regional Integration in Europe, Indo-EUO trade

Chapter-13 Ref-1

27 NAFTA- features Impact of NAFTA Chapter-13 Ref-1

10th

28 Economic Integration of Developing countries Chapter-13 Ref-

1 HW:3

29 Social environment : Social Responsibility of Business, Institution of SCR

Chapter-16 Ref-1

Case Study-Multinational’s Lackadaisical attitude led to World’s Worst Industrial disaster

30 Consumerism and consumer protection act Chapter-16

Ref-1

11th

31 Political and legal Environment – Introduction , Risks In International Business

Chapter-8 Ref-2,14

32 Competition Law , Foreign Exchange management Act(FEMA)

Chapter-8, Ref-2,14

33 Trade Policy Option for Developing Countries Chapter-9 Ref-

2 Demonstration(8)-

Article

12th

34 Foreign Exchange risks and exposure ,Modes of payments in International trade.

Chapter-18 Ref-1

HW:4

35 GATT and WTO , Effect of Gatt on world trade Chapter-28 Ref-

1,12 Case Study-

Special Economic Zones under fire

36 Barriers of International trade: tariff and non-tariff barriers Chapter-10 Ref-

1,12

13th 37 Foreign investment with special reference to India

Chapter-13 Ref-1

38 WTO agreement , Ministerial Confrences and its implication for the – Multilateral trade

Chapter-28 Ref-1,12

Demonstration(9)-Article

6

39 The Deadlock in WTO Negotiations

Chapter-28 Ref-1,12

Spill overs (2xL)

14th 40 Role of Port authorities in enhancing export

Handouts

41 International Credit agencies for International trade

Handouts

42 Tariff rates and their impact on trade (use of Harmonised System)

Handouts

15th 43 International Chamber of Commerce and local Indian chambers and their roles in trade promotion.

Handouts

44 Understanding Carnet Handouts

45 Terms of Trade and Global directions of trade

Handouts

Notes: 1. Use S. No. Of the readings above 2. To be filled in on the date of delivery of lecture by the instructor 3. Put homework number from Homework Table (below) against the lecture in which planned to be assigned (by co-ordinator). The first homework should be

planned for the 2nd week of classes and the last should be assigned at least two weeks before the last day of classes. 4. Do not write Lecture, OHP, LCD projector etc. 5. DoA : date of Allotment 6. DoS: date of submission

Details of Homework and Case Studies Planned: Homework No. Topics of the homework Nature of Homework

(Group/individual/fieldwork) Actual DoA5 Actual DoS6 Actual date of of

task evaluation

1 Students are required to prepare a literature review of any topic of their choice related to international business and trade by reffering to a minimum of 10 different articles.

Individual

2 Effects of non tariff barrier on global trade and effect of NTB on different commodities. Tariff barriers and their issues shall be asked.

Individual

7

3 The students are required to study the impact of different economic institutions-IMF, World bank, UNCTAD, WTO on world economy by studying their impact on different sectors and also the role of these institutions in fighting with the economic recession.

Group

4 Comparative analysis of impact on regional trade before and after the formation of a regional trade bloc. Students are free to choose the trade bloc of their choice.

Group

Term paper to be allotted by lecture no. (should be allotted before the end of 4th week of teaching and should be due at least two weeks before the last day of classes). The term paper should be evaluated before the last day of classes and the marks communicated to the students

All The detailed homework problems to be submitted attached as annexure

Scheme for CA: (out of 100)

Component Frequency Marks for each Total Marks

Homework 3 best out of 4

15 45

Quizzes 2 15 30

Term paper 1 25 25

Lab performance (only if there is a lab component) -- -- --

Any other: specify -- -- --

Total 100

List of suggested topics for term paper [at least 15] (Student to spend about 15 hrs on any one specified homework)

S.No. Topic

1 The impact of Globalisation on Indian Economy.

2 The position of India in world trade with reference to its exports and imports and balance of payments.

3 The role of Consumer Protection Act in International Business environment.

4 The contribution of IMF in fighting with Recession.

5 The formation of BRIC and their contribution in world trade.

8

6 The role and importance of G8 in international business environment.

7 The current trends in FDI in India.

8 The India vs China: with special reference to international trade.

9 The impact of Indo Pak relations on India’s international trade.

10 The role of FEMA in India’s international business.

11 The role of UNCTAD in developing international cooperation among different nationms.

12 Economic Development: The Pros And Cons Of WTO Policies.

13 The ethics in international business?

14 Risks in international business

15 India, after 1991? (with reference to International business)

Plan for Tutorials : (Plan for 7 x T before MTE , 6 x T after MTE)

S. No. Topic (s) Type of pedagogical tool(s) planned (case analysis, problem solving, test, role play, business game etc)

Pedagogical tool actually used – mention the title. (case analysis, problem solving, test, role play, business game)

Date held for group A.

Date held for group B

1 India and world-Article- Indian Economy-Issues and priorities- August 2009 Vol XX-No1

Discussion

2 The More , The Merrier- Charted Financial Analyst-The Analyst -August 2009

Discussion

3 FDI in India-What the Measures Say- Charted Financial Analyst

Test

4 The Economics in the New World- The End of Rational Economics- Harvard Business Review

Discussion

5 KG Gas Flow- Historic Energy Boost to India- Charted Financial Analyst

Case Analysis

9

6 BRIC construction-Business India Discussion

7 Internationals Briefs- Business India Case Analysis

MID TERM EXAM

8 Friendly Side- Business Today Case analysis

9 Steel Industry is Expected to play a major role in India’s economic development- Business Economics

Discussion

10 Economy Watch- Indian Economy – Issues and Priorities Discussion

11 Global Financial Crises-Monthly commentary on Indian Economic Conditions

Problem solving

12 The Global Trade And Investment Environment Test

13 Regional Trade Blocs: EU, SAFTA, ASEAN, NAFTA Test

_______________________

Prepared by (Instruction Planner: Name, signature & date)

Comments of HoD-F / HOF (if there is no HOD-F)

Signature & Date

Comments of Coordinator of Specialisation (COS) wherever this designation exists/ CoD-F (if any)

10

Course Report by Teacher

(for all courses with or without lab)

1. Course reports are to be regularly updated throughout the term.

2. It is to be monitored by HOD-S one week before the MTE and at the end of the course, i.e., within the first week of the end term examination

3. The completed reports should be sent to HoD-F through HoD-S.

4. The reports will then be filed in the Master Course File and retained in the office of the HoD-F, who will use it for the end-term review of course syllabus, and will pass on the file to the Instruction Planner for the course in the new term.

Format for Course Report

Term: ___________ Course Code: _______________ Course Title: ____________________________

Name of Instructor: __________________________________________ Bio-metric ID: _____________

(To be updated regularly by the instructor and submitted at the end of term to HoD-F through HoD-S)

Lectures

11

General Comments of the Instructor about the suitability of IP

General Comments of the lab Instructor about the suitability of IP or new pedagogy attempted in labs:

Syllabus Coverage Report

________________________________ __________________________________

Signature of Instructor & Date Signature of HoD-S & Date

Syllabus coverage by one week before MTE

Satisfactory/ lagging* by ____ lectures. Syllabus coverage by two week before ETE

Satisfactory/ Lagging* by ____ lectures.

12

*HoD-S will submit to HoS a consolidated list of all lagging cases.