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Jaipuria Institute of Management

Lucknow-Noida-Jaipur-Indore

PGDM Batch 2016-18: Trimester III

Outline & Lesson Plan for faculty

Course Title: International Economics and Business (IEB)
Course Code: ECO301
Syllabi:

I. International market: Key global markets and key players; Opportunity and constraints in
global market; India’s top trade and business partners; Global comparison with the help
of World Development Report, Asian Development Report.
II. International trade and investment: Gains from international trade; Theories of
international trade; Geopolitics; Balance of Payments; Exchange rate systems; FDI in India
and from India; Identifying links between global markets; Trends in Global capital flows.
III. Current trends in international business and economy: Tariff and non-tariff barriers to
trade; International business response to climate change; Impact of Yuan as reserve
currency; Role of WTO; Impact of fall in international crude oil price; Business possibilities
with BRICS & SAARC, Implications of Eurozone crisis and Brexit on India, .

Course Overview

In the twenty first century, countries are more closely linked through trade in goods and services and
through flows of money and investment in each other’s economies than ever before. Thus, the
progress of a nation’s economy is linked to the performance of economies of its trading partners. The
less developed countries have continued a decades-long trend toward reducing their restrictions on
international commerce and, increasingly, have removed many other regulatory bottlenecks
restricting the flow of goods and services with rest of the world. Further, the World Trade Organization
has provided a new governance structure to limit and resolve trade disputes. World capital markets
have grown increasingly integrated, providing new funding opportunities for borrowers and making it
relatively easy for lenders to diversify their risks internationally.

Further, in the present globalised world there is a little scope for businesses to avoid influence of
internationalization of the economies of different countries. The intensifying global relationships and
increasing interdependence are the key features of present business order. The international business
thus poses additional challenges for managing trade or investments in foreign countries while offering
new opportunities in foreign markets.

In a multilateral international order, it is imperative that changes at international level will quickly
affect the domestic economy and business. For example, continuous fall in international crude oil
prices, devaluation of Chinese Yuan, Greece sovereign debt crisis and bail out, or Indian oil exploration
for Myanmar and subsequent withdrawal from South China Sea will have implication for domestic
economy and business which requires a lot of fresh adjustment not only for business but also amounts

1 Course Outline & Lesson Plan: International Economics and Business (IEB).

Illustrate the basis. International Trade and Investment 4-5 Comparative To enable students *Text Book: Chapter 2 * Class *Mid –Term advantage as basis comprehend &3 Discussion *End – Term of international comparative advantage (LO – 1) trade and various as basis of trade and 2 Course Outline & Lesson Plan: International Economics and Business (IEB). Examine implications of factors like currency fluctuations. emerging market trends and different geopolitical contexts (LO-4) Overview of Course Outline Session Topic Session objective/LO Reading / References Pedagogy Assessment I. . students will be able to: 1. International Market 1 Introduction to To make students learn *Course Outline to be *Discussion N/A international about global economic discussed * Case Study economy and system and *Case Study to exemplify business. II. context and major driving elements of international trade and business for India. Learning Outcomes (LOs) After undergoing this course. *Class *Mid Term International about Global Key Discussion (LO – 1) Markets players in International Markets 3 India’s top Analysis of India’s top *Class Discussion *Class *Mid Term commodities of business partners and *Web references Discussion *End Term trade and major also major (LO – 1) trade partners commodities/services of trade. It is important that business students understand keep abreast with these changes and able to analyse its implications for better decision making. 3. Assess the role of global capital flows and foreign direct investments for Indian Businesses. 2 Global Key players in To make students learn *Reference material-1. (LO-3) 4. arrangements. Volatile crude prices and climate conditions on business (LO-2). to policy changes on the part of government. the difference Course Overview  Changing between and nature of domestic and Allocation of globalization International seminar groups and  Transformation trade topics from Barter Trade to Monetary mechanism to Protectionism to Liberal trade. (LO-1) 2. changing dynamics of international bodies. Elaborate the business opportunities for India in the realm of regional trade blocs. Government intervention.

Discussion *End – Term adopted by different articles (LO – 2. 3) appreciate their inter- relationships in the light of various theories 10 Exchange Rate To appreciate various *Text Book: Chapter 15 *Class *Mid –Term Systems exchange rate practices *Web resources. . SAARC.e. *BOP Statements of Discussion *End – Term capital account and India + Few other *Assignment (LO – 1.3) trade agreements citing examples from various regional blocs: EU.3) countries. 2.2) financial accounts in economies on BOP *Assignment the BOP statement along with implications Analysis of of a fully convertible few major currency for a economies developing economy like US. sources of learn about various comparative sources of comparative advantage advantage (LO-2) 6 Gains from trade To make students learn *Text Book: Chapter 2 *Class *Mid –Term and terms of trade static and dynamic &3 Discussion *End – Term gains from trade and (LO – 1) calculate terms of trade (LO-2) 7 Government To contextualize tariff *Text Book: Chapter 4 *Class *Mid –Term intervention i. also to comprehend the impact of fixed / floating exchange rate for an economy 11 Regional Trading To appreciate the *Text book: Chapter 8 * Class *Mid –Term Arrangements types. benefits and *Reference books Discussion *End – Term implications of regional *Web resources (LO – 1. 9 Exchange Rate To identify different *Text Book: Chapter 12 *Class *Mid –Term Determination factors determining *Web resources. Discussion *End – Term exchange rates and articles (LO – 2. Britain. TPP (under process) etc. and non. like India Japan. 12 Review & Exercise To review the learning *Class *Mid –Term so far. ASEAN. China and Other developing economies etc. Discussion *End – Term 3 Course Outline & Lesson Plan: International Economics and Business (IEB).2) barriers to trade 8 The Balance of To understand the *Text Book: Chapter 10 *Class *Mid –Term Payments structure current account . Brazil. NAFTA.tariff barriers &5 Discussion *End – Term Tariff and non-tariff of trade (LO – 1.

student (LO – 4) environmental WTO.WTO. evaluate class participation the implications of FDI discussion Vs. major rules major reports on bi – followed by *Class governing trade. TRIPS and TRIMs and role of Dispute Settlement Body 16 Global Capital flows: To analyze global flow * Reference Material . FPI for an economy 17 Open for Faculty to Guest Session *End – Term decide 18 Key Geopolitical To analyze through *Articles from *SEMINAR by *End – Term issues affecting various examples how Economist student (LO – 4) world trade with geo-political issues *Web resources group-6 affect global trade. examples from followed by *Class recent past. OECD etc. in followed by 4 Course Outline & Lesson Plan: International Economics and Business (IEB). Class *Class Discussion participation 14 Doing Business with Seminar includes these *Different Web *SEMINAR by *End – Term BRICS countries resources like IMF. Current composition of lateral. . AoA. Major discussion agreements like GATT. 4) developing countries (GATT) and major other *Reference books group-3 *Seminar with special focus on multi-lateral followed by *Class India agreements .4) and from India FDI in India. student (LO – 2. GATS. WB. multi – lateral Class participation trade. 5). comparative trade Discussion advantages in these nations vis-a-vis India and any bi-lateral / multi – lateral trade agreements Also.4 *SEMINAR by *End – Term Overview of FDI in of FDI in the context of *Web resources student (LO – 3. and group-2 *Seminar scanning. the major agreements by BRICS should be discussed including NDB. 15 WTO and it’s major To be able to evaluate *Reference Material – 3 *SEMINAR by *End – Term contributions for the impact of WTO *Web resources. (LO – 1. 2) *Mid-Term Examination III. FDI policy *Reference Books group-4 *Seminar of India. class participation Objectives. Current Trends in International Business and Economy 13 Business possibilities To explore and analyze *Reference material-2 *SEMINAR by *End Term in SAARC business opportunities student group (LO – 4) within SAARC region -1 followed by *Seminar (LO-2.

7 *SEMINAR by *End Term dynamics of crude crude oil price on *Web resources student (LO . In addition to this. data set will be provided as per the requirement of the session as mentioned in the course outline. exercise sheets. Robert J. Students are also advised to refer different reference books for better and deeper understanding of course. Krugman. additional reference material. special reference to particular issues class India affecting India discussion 19 Brexit and its To evaluate the *Web resources *SEMINAR by *End – Term implications possible consequences student group (LO -4) of Brexit on Britain. Reference Books: 1.6 *SEMINAR by *End – Term environmental understanding on student (LO – 2. Paul R. 13th Edition Other than this. 5 Course Outline & Lesson Plan: International Economics and Business (IEB). 2. Rakesh Mohan Joshi. Cengage Learning. Pearson Pub. Strategies for the future: Understanding International Business. 4) oil price private businesses group-8 21 Understanding To create *Reference material . 3. Ajit N. 4) changing composition *Web resources 10 of basket of currency on trade with special reference to India 23 Currency Crisis: To analyse Eurozone *Text Book – Chapter *SEMINAR by *End – Term Meaning and crisis and its 15 student (LO – 4) implications implications for Euro *Web resources group-11 countries and India 24 *End – Term Review & Summing up Learning Material Text Book: Global Economics. International Economics: Theory and Practice. EU 7 and India 20 International To assess the impact of *Reference material . . 4) problems and climate change group-9 climate change 22 Effects of Yuan as a To analyse the *Text Book – Chapter *SEMINAR by *End – Term reserve currency implications of 17 student group (LO – 2. International Business. web resources shall be shared with the students as mentioned in the outline from time to time.2. Oxford Pub. IIM- Ahmedabad Pub. Carbaugh. Mathur.

Discussion Forum: 10 % 2. slopes Knowledge etc. More Complex Learning Goal (20% weightage): Desirable Level 5. Target Learning Goal (40% weightage): Essential Level 3. 4: Knowledge To enable holistic understanding of the dynamics of international business utilization and environment and opportunities. Class Participation: 10 % 4. services. Students need to be familiar with Indian economic environment. integration. . and capital flow. flow of commodity. opportunities. A quiz is to be conducted for assessing the level of previous knowledge. Assessment Scheme & Guidelines All assessment tools along with their schedule have been highlighted in the session plan in blue. 6: Knowledge To enable students do impact analysis and prediction for global business evaluation. Discussion Forum: A minimum of two discussion forums on relevant topics shall be floated by facilitator and students will have to post their opinions within stipulated time. and capital. Seminar Presentation (Team of 5 members): 20 % 3. 1. student-led. Target Knowledge for Concept: Fundamentals of international economic framework and international this Course commodity. Inter-disciplinary: How businesses among nations take place? What factors are adding or hindering the flow of business among nations? Application: What possibilities Indian businesses hold at the international level? How Indian business can be globalized? Programme Levels Learning Goals Taxonomy Level Simpler Learning Goal (40% weightage): Vital Level 2: Knowledge To make students aware of international economic framework and international comprehension. Course on Managerial Economics and Macro Economics and Business Environment is an essential prerequisite for this course. graphs. creation. End Term Hall Examination: 40 % Total: 100 % 1. Non-participation in 6 Course Outline & Lesson Plan: International Economics and Business (IEB). Lesson Plan SUMMARY SHEET Pedagogical Approach: Combination of faculty-led. Mid Term Hall Examination: 20 % 5. services. web search & analysis Learners Previous Students must be familiar with fundamentals of basic equation.

Ability to handle questions. debate on the topic and final summarization from the course facilitator. 5. Team Coordination and Synchronisation. discussion forum will invite zero marks. . etc. Rubrics for Evaluation Evaluation Parameter Marks Remarks Coverage of the topic as per the 5 session plan provided above Relevant Current data and 5 Proper referencing in the reliability of data Power point has to be stated in APA style Contributions by each member 5 Members only contributing in of the team. Relevant current information. The last 25–30 minutes shall be assigned for question and answers. Discussion forum will be evaluated for 10 marks (5 marks each) and will constitute 10% weightage in total marks. are very important for a focused and professional development. Time duration for each presentation shall be between 35 – 40 minutes depending upon the coverage required in the topic. 2. The broader evaluation parameters include: 1. contributing to various discussions. terms of Introducing the group Ability to handle questions can score zero in this component Each group in their seminar has to explicitly state contribution of each member. 2. Seminars by Student Teams: Students in a team of 5 members shall be assigned the topics in Session 1. Class Participation: A student’s engagement in class in terms of value addition to the topics. asking relevant questions. The students are expected to work in teams and carry out an in depth study on the assigned topic. style of presentation beyond the coverage and content guidelines 3. The course Facilitator can randomly change the ordering in which each individual will be presenting in the group. 4. also backed by relevant data and reports. 4. A detailed guideline for the same shall be provided team wise by the course facilitator. 3. In – depth understanding. Accordingly. contribution in all such respects have been assigned a 10 % weightage amounting to 10 marks. Mid Term Hall Examination: 7 Course Outline & Lesson Plan: International Economics and Business (IEB). reports discussed. Coverage of the topic. This component can also be assessed based on a quiz or case analysis of prescribed weightage. articles. The weightage assigned to this component is 20%. Innovations in terms of 5 Student Group can think content.

with more weightage on second half of course. End Term Hall Examination: This will be announced by Examination Cell on completion of the course. 8 Course Outline & Lesson Plan: International Economics and Business (IEB). 5. Mid Term will be of 1 hour duration comprised of questions based on half course. . This will be announced by Examination Cell on completion of approximately 12 sessions. End Term will be of 2 hours duration comprised of questions based on full course.