Course detail

Global Business Environment

FP-IBgbePAcad. year: 2020/2021

The course is focused on the characteristics and development trends of the current world economy with emphasis on the position of the European Union in the world economy. Part of the course is the definition of the subjects of the world economy, forms of relations and the division of the world economy into regional trade blocks.

1. The global business environment
2. International trade and investment theories
3. Regional trading blocs
4. The European Economic and European Monetary Union
5. The institutions of the European Union
6. European Business: Competing in the Global Marketplace
7. The relations of the European Union with the „rest“ of the world

Learning outcomes of the course unit

a) Dispute how social, political, economic and institutional factors define the business environment of countries
b) Discus how cross-border flows of goods and capital affect firms’ and nations’ competitive positions
c) Evaluate how EU policies affecting business operations in Europe,
d) Explain the developments of economic integration in Europe

Prerequisites

Knowledge of microeconomics and macroeconomics at the bachelor's degree level is assumed.

Co-requisites

Not applicable.

Recommended optional programme components

Not applicable.

Recommended or required reading

JULIAN, G., KOLARI, J., HISE, J., BIERMAN, L., SMITH, L. M. Introduction to Global Business, 2nd ed. Understanding the International Environment & Global Business Functions. Cengage Learning. 2016. ISBN13 978-13-0550-118-8.
HUSTED, S., MELVIN, M. International Economics. 8th ed. MHI, 2013. ISBN 978-12-5909-742-3.
DINAN, D. Origins and Evolution of the European Union. 2nd ed. Oxford University Press, 2014. ISBN 978-01-9957-082-9.
BALDWIN, R., WYPLOSZ, CH. The Economics of European Integration.5th ed. McGraw-Hill Education - Europe, 2015. ISBN13 978-00-7716-965-7.

Planned learning activities and teaching methods

Not applicable.

Assesment methods and criteria linked to learning outcomes

The student will receive a credit if he / she receives at least 21 points out of 40 possible points awarded for the processed semester work and its presentation.
The exam is written, the maximum number of points from the exam is 60 points, while the student must obtain at least 31 points. For the purpose of the overall evaluation of the subject, the points from the exercises and from the exam are added.

Language of instruction

English

Work placements

Not applicable.

Course curriculum

The course is focused on the characteristics and development trends of the current world economy with emphasis on the position of the European Union in the world economy. Part of the course is the definition of the subjects of the world economy, forms of relations and the division of the world economy into regional trade blocks.

Aims

The aim of the course is a critical analysis of the main trends in the development of the current European and world economy with emphasis on understanding the interrelationships and impacts on the subjects of the world economy and the European Union.

Specification of controlled education, way of implementation and compensation for absences

Attendance at seminars is not controlled.

Classification of course in study plans

  • Programme MGR-IBM Master's, 1. year of study, winter semester, 5 credits, compulsory

Type of course unit

 

Lecture

13 hours, optionally

Teacher / Lecturer

Exercise

13 hours, compulsory

Teacher / Lecturer