JAIPURIA INSTITUTE OF MANAGEMENT, NOIDA

PGDM 2016-18; TRIMESTER- III

1. Course Code: ECO301 2. Course Title: : International Economics and Business (IEB)

3. 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 others economies than ever before. Thus, the progress
of a nations 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 to policy
changes on the part of government. It is important that business students understand keep abreast with
these changes and able to analyse its implications for better decision making.

4. Learning Outcomes:
After undergoing this course, students will be able to:

1. Illustrate the basis, context and major driving elements of international trade and business for
India. (LO-1)
2. Examine implications of factors like currency fluctuations, Government intervention,
changing dynamics of international bodies, Volatile crude prices and climate conditions on
business (LO-
2).
3. Assess the role of global capital flows and foreign direct investments for Indian
Businesses.
(LO-3)
4. Elaborate the business opportunities for India in the realm of regional trade blocs,
emerging market trends and different geopolitical contexts (LO-4)

5. List of topics/modules
Topic/ Module Contents/ Concepts
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Module1: International market Key global markets and key players; Opportunity and constraints in
global market; Indias top trade and business partners; Global
comparison with the help of World Development Report, Asian
Development Report.
Gains from international trade; Theories of international trade;
Module 2: International trade Geopolitics; Balance of Payments; Exchange rate systems; FDI in
and investment India and from India; Identifying links between global markets;
Trends in Global capital flows.

Module 3: Current trends in Tariff and non-tariff barriers to trade; International business response
international business and to climate change; Impact of Yuan as reserve currency; Role of
economy WTO; Impact of fall in international crude oil price; Business
possibilities with BRICS & SAARC, Implications of Eurozone crisis
and Brexit on India, .

6. Evaluation criteria
Component Type Description Weight
(%)
Discussion Individual A minimum of two discussion forums on relevant topics 10
Forum shall be floated by facilitator and students will have to post
their opinions within stipulated time. Non-participation in
discussion forum will invite zero marks. Discussion forum
will be evaluated for 10 marks (5 marks each)
and will constitute 10% weightage in total marks.
Seminars by Group Students in a team of 5 members shall be assigned 20
Student the topics in Session 1. The students are expected
Teams to work in teams and carry out an in depth study on
the assigned topic, also backed by relevant data
and reports. A detailed guideline for the same shall
be provided team wise by the course facilitator.
Time duration for each presentation shall be
between 35 40 minutes depending upon the
coverage required in the topic. The last 2530
minutes shall be assigned for question and
answers, debate on the topic and final
summarization from the course facilitator. The
broader evaluation parameters include: 1.
Coverage of the topic; 2. In depth understanding;
3. Relevant current information, articles, reports
discussed; 4. Team Coordination and
Synchronization; 5. Ability to handle questions.
The weightage assigned to this component is 20%.

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 Rubrics for Evaluation
Evaluation Marks Remarks
Parameter
Coverage of the 5
topic as per the
session plan
provided above
Relevant Current 5 Proper referencing
data and reliability in the Power point
of data has to be stated in
APA style
Contributions by 5 Members only
each member of the contributing in
team. terms of
Ability to handle Introducing the
questions group can score
zero in this
component
Each group in their
seminar has to
explicitly state
contribution of
each member.
The course
Facilitator can
randomly change
the ordering in
which each
individual will be
presenting in the
group.
Innovations in terms 5 Student Group can
of content, style of think beyond the
presentation coverage and
content guidelines

Class Individual A students engagement in class in terms of value 10

Participation addition to the topics, asking relevant questions,
contributing to various discussions, etc. are very
important for a focused and professional
development. Accordingly, contribution in all such
respects have been assigned a 10 % weightage
amounting to 10 marks. This component can also
be assessed based on a quiz or case analysis of
prescribed weightage.

Mid Term Individual This will be announced by Examination Cell on 20

examination completion of approximately 12 sessions. Mid Term will
be of 1 hour duration comprised of questions based on half

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 course.
End-term Individual End-term examination shall test the analytical ability of 40
examination students. This may consist of analysis of a case, and
application based situational questions/ conceptual
questions.

7. Recommended books and Resources

Text Book: Global Economics, Robert J. Carbaugh, Cengage Learning, 13th Edition

Other than this, additional reference material, web resources shall be shared with the students as
mentioned in the outline from time to time. In addition to this, exercise sheets, data set will be provided
as per the requirement of the session as mentioned in the course outline. Students are also advised to refer
different reference books for better and deeper understanding of course.

Reference Books:
1. International Business, Rakesh Mohan Joshi, Oxford Pub.
2. Strategies for the future: Understanding International Business, Ajit N. Mathur, IIM-Ahmedabad
Pub.
3. International Economics: Theory and Practice, Paul R. Krugman, Pearson Pub.

8. Session Plan

Session Topic Session objective/LO Reading / References Pedagogy Assessment

I. 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 arrangements. *Case Study to exemplify
business; Changing nature of the difference
Course Overview globalization between
and Transformation domestic and
Allocation of from Barter Trade International
seminar groups and to Monetary trade
topics mechanism to
Protectionism to
Liberal trade.
2 Global Key players To make students learn *Reference material- *Class *Mid Term
in International about Global Key players 1. Discussion (LO 1)
Markets in International Markets
3 Indias top Analysis of Indias top *Class Discussion *Class *Mid Term
commodities of business partners and also *Web references Discussion *End Term
trade and major major (LO 1)
trade partners commodities/services of
trade.
II. International Trade and Investment
4-5 Comparative To enable students *Text Book: Chapter * Class *Mid Term
advantage as basis comprehend comparative 2 &3 Discussion *End Term
of international advantage as basis of trade (LO 1)
trade and various and learn about various
sources of sources of comparative
comparative advantage (LO-2)

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

*Mid-Term Examination

III. Current Trends in International Business and Economy

13 Business To explore and analyze *Reference material-2 *SEMINAR *End Term
possibilities in business opportunities by student (LO 4)
SAARC within SAARC region group -1 *Seminar
(LO-2, 5). followed by *Class
Class participation

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 Discussion
14 Doing Business Seminar includes these *Different Web *SEMINAR *End Term
with BRICS countries environmental resources like IMF, by student (LO 4)
scanning, major rules WB, WTO, OECD group-2 *Seminar
governing trade, Current etc. and major reports followed by *Class
composition of trade, on bi lateral, multi Class participation
comparative advantages in lateral trade Discussion
these nations vis-a-vis
India and any bi-lateral /
multi lateral trade
agreements
Also, the major agreements
by BRICS should be
discussed including NDB.
15 WTO and its major To be able to evaluate the *Reference Material *SEMINAR *End Term
contributions for impact of WTO (GATT) 3 by student (LO 2, 4)
developing and major other multi- *Web resources, group-3 *Seminar
countries with lateral agreements ,WTO- *Reference books followed by *Class
special focus on Objectives, Major class participation
India agreements like GATT, discussion
GATS, AoA, TRIPS and
TRIMs and role of Dispute
Settlement Body
16 Global Capital To analyze global flow of * Reference Material - *SEMINAR *End Term
flows: Overview of FDI in the context of FDI 4 by student (LO 3,4)
FDI in and from in India, FDI policy of *Web resources group-4 *Seminar
India India, examples from *Reference Books followed by *Class
recent past, evaluate the class participation
implications of FDI Vs. discussion
FPI for an economy
17 Open for Faculty to Guest Session *End Term
decide
18 Key Geopolitical To analyze through various *Articles from *SEMINAR *End Term
issues affecting examples how geo-political Economist by student (LO 4)
world trade with issues affect global trade, *Web resources group-6
special reference to in particular issues followed by
India affecting India class
discussion
19 Brexit and its To evaluate the possible *Web resources *SEMINAR *End Term
implications consequences of Brexit on by student (LO -4)
Britain, EU and India group 7
20 International To assess the impact of *Reference material - *SEMINAR *End Term
dynamics of crude crude oil price on private 7 by student (LO - 2, 4)
oil price businesses *Web resources group-8
21 Understanding To create understanding on *Reference material - *SEMINAR *End Term
environmental climate change 6 by student (LO 2, 4)
problems and group-9
climate change
22 Effects of Yuan as a To analyse the implications *Text Book Chapter *SEMINAR *End Term
reserve currency of changing composition of 17 by student (LO 2, 4)
basket of currency on trade *Web resources group 10
with special reference to
India
23 Currency Crisis: To analyse Eurozone crisis *Text Book Chapter *SEMINAR *End Term
Meaning and and its implications for 15 by student (LO 4)
implications Euro countries and India *Web resources group-11
24 *End Term

Review &
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 Summing up

Name of the Instructor: Dr. R.K. Wadhwa / Dr. Janmejoy Khuntia / Prof. Alok Kumar
Office Location: N.A.
Telephone: N.A
Email: rkwadhwa@gmail.com / janmejoykhuntia@gmail.com / alok.kuma@gmail.com
Website: N.A.
Office Hours: As per time table