ECON 102 and Full Course Title: and Globalizacija i poslovanje Course Code: ECON 102 Course Level/BiH cycle: ECTS credit value: I cycle, first year 6 ECTS Student work-load: For the whole semester: Lectures Tutorial / Practical training e.g. Project presentation Individual learning TOTAL 32 16 8 94 150 Length: Fall/Spring 2014/15 Faculty/School/Department: Course leader: FBA, Department of Management and Economics Assist. Prof. Dr. Mehmed Ganić Contact details: Office: F1-7 Building B e-mail: mganic@ius.edu.ba Office hours: Monday 09-11; Wednesday 11-12 Phone: 033 957 414 Name of assistant(s) Azra Bičo Office: F1-5 e-mail: abico@ius.edu.ba Site: Building B, F1.23 Office hours: Phone: 033 957-412 (building, lab room - If applicable/available for tutorial/practical training) Host Study Program: Course status: Pre-requisites: Access restrictions: Assessment: (IUS students University elective course) University Elective None None Quizzes, Midterm Exam, Participation, Bonus/Project, Final Exam Date validated: September 2014 1
Course aims: Learning outcomes: This course aims to help you start answering these sorts of questions by examining globalization in all its diverse forms of world-wide interconnection. We will discuss about the influences that the changing international business environment. Also this course explores changes in the international economy and their effects on domestic politics, economy, and society. It offers an overview of various aspects of global economy within the field of economic geography and its linkages to related issues of resources, development, international business and trade. It investigates the phenomenon of globalization and seeks to provide understanding of today s increasingly interdependent world. On successful completion of this course the students be able to get fundamental knowledge regarding the dynamics of the global economy and a basic understanding of the evolution of spatial organization theory. Students will be able to explore characteristics of global economies ; examine Causes Of, causes of international trade change and new trends in global capital flows, Understand flows and circulation of people, ideas, commodities and capital across the globe, Identify major economic and political trends and the role of trade and commodities in shaping global history and define key international business terms and concepts Indicative syllabus content: Learning delivery: Assessment Rationale: This course introduces to students: Changes In Global Markets; Causes Of, International, and Trading Environment of International Trade, and Development, Global Capital Flows, Characteristics and Challenges for Global Enterprises, The Consequences of, Global Governance, Transnational State, Transnational Institutions, Organizational Governance and Structure, The of Trade and Finance. The methods include lecturing (which involve power point presentations), tutorials, student presentations, projects and class discussions. Quiz, Midterm, Article review and Term project are utilized for measuring knowledge usage. In multiple choice questions correct answers are valued, for problems correct answers and procedures are valued, in essay section correct elaboration of question is valued. All achievements over 55% are satisfactory passing. Quiz : 15 % Midterm Exam : 25 % Final Exam : 40 % Assessment Weighting: Bonus: : 5 % Homework: : 5 % Individual Project- Presentation : 15% Essential Reading: Recommended readings: Barbara Parker, and : Relationships and Responsibilities, London, SAGE, 2005. Ian Brooks, Jamie Weatherston, Graham Wilkinson. The International Environment: Challenges and Changes, 2/E International--Environment-Challenges-and-Changes / 2011 Financial Times Press Handbook of Research on Global Corporate Citizenship. Cheltenham, UK, and Northampton, MA: Edward Elgar. Forthcoming - 2008. Chapter IX., transnational corporations and the future of Global governance (http://www.colorado.edu/amstudies/lewis/ecology/globalgov.pdf)global governance the rise of non-state actors : A background report for the SOER 2010 assessment of global megatrends, European Environment Agency, DenmarkLecture notes Matthew Sparke, Introducing : Ties, Tensions and Uneven Integration, New York: Wiley-Blackwell, 2013 2
Useful Websites: The Economist, WTO, IMF, World Bank, Intranet web reference: (If applicable) Important notes: Expected workload: Attendants of this class should read the chapter before they come into class. After the chapter is covered they should solve the given exercises and give their solutions at the beginning of the first hour of the week. Attendance policy: According to University regulations attendance is mandatory. Course Policies Lateness in : The due date and time for each homework assignment will be specified on the assignment handout itself. Late assignments will not be accepted. Academic Integrity: Any cheating on examinations or quizzes or offering the work of another as one's own in an assignment is regarded as a serious offence to the academic integrity and will lead to a ZERO for the assignment grade, or serious disciplinary actions, including possible suspension. Collaboration in : Students are encouraged to work together on homework assignments, to the extent that it helps promote a productive learning environment for all those involved. However each student must write his/her own solutions. Students cannot get any grade from copied homework. Quality assurance: Student survey Course schedule: Dates Topic Relevant reading 6.10.2014 9.10.2014. 13.10.2014. 16.10.2014. 20.10.2014 23.10.2014. 27.10.2014. 30.10.2014. 03.11.2014. 06.11.2014. 10.11.2014 13.11.2014. Introductory class Syllabus Distribution Ch1 What is? Ch2 International Ch3 The Economics of Review Quiz (15%) Ch4. Foreign Direct Investment and private Multinational Corporations Introduction : to and The International Environment: Chapter 1 Lecture notes Lecture notes Quiz (15%) 3
Dates Topic Relevant reading 17.11.2014. 20.11.2014. Ch5 Global Enterprises and Strategy Options for Global Enterprises and : C-1 24.11.2014. 27.11.2014. 01.12.2014. 04.12.2014. 08.12.2014. 11.12.2014. 15.12.2014. 18.12.2014. Midterm (25 %) Ch6 The Landscape of Global Ch7 The Consequences of - Ch 8 Global Governance, Transnational State, Transnational Institutions and : The International Environment: Chapter 9 Global governance the rise of nonstate actors A background report for the SOER 2010 Midterm (25 %) 22.12.2014 25.12.2014. Ch9 Organizational Governance in the Private Sector and 29.12.2014. Ch 10 The of Trade and Finance 05.01.2015 08.01.2014. 12.01.2015. 15.01.2015. 19.- 30.01.2015. Current issues in Individual Project - Presentation FINAL (40%) and and Comprehensiv e NOTE: This syllabus is subject to change as deemed necessary by the instructor in coordination with students. 4
Topics to be covered Class Lab 2 1 Ch1 What is?- Causes Of Drivers of The effects of globalization on businesses Changes In Global Markets; 3 2 Ch2 International, Introduce students to the basic concepts of emergence of globalization and its repercussions on on domestic politics, economy, and society The globalization of markets, the globalization of production will be analysed Different drivers of globalization will be discussed Features of International will be discussed Changes in the international business environment will be given The various roles that host governments play in global business operations will be examined. the advantages and disadvantages of various modes of entry into global markets will be explained and compared the impact of national and cultural differences on the functional areas of global business including human resource, marketing, and finance will be No lab and : pp 1 to 26 The International Environment: Chapter 1 Demonstrate a basic understanding of the system of economic globalization, its benefits and harms Explain how flow of goods, capital and people moving around the world in new ways Explain changes in the international economy and their effects on domestic politics, economy, and society Define key international business terms and concepts Identify the economic development stage of a country to potential business opportunities Explain some effects of conducting International business 5
Topics to be covered Class Lab discussed 4 3 Ch3 The Economics of Integration across borders of the markets in goods and the factors of production, and the consequences of these trends will be discussed List the major arguments and factors of restraining globalization will be analyzed The various roles that host governments play in global business operations will be examined. Chapter IX, transnational corporations and the future of Global governance Lecture notes Explain some effects of globalization. Analyze the role of regional integration in promoting global business 5 4 Ch4. Foreign Direct Investment and private Multinational Corporations Basic facts about multinational firms and FDI will be given A theory of horizontal FDI and a theory of vertical FDI will be explained A theory of internalization will be explained Host country policy framework and strategies for FDI will be analyzed Chapter IX, transnational corporations and the future of Global governance Lecture notes Define meaning of multinational firms and FDI Analyze some effects of the International flow of financial resources identify and examine the international and domestic actors involved in the process of FDI 6 Ch5 Global Enterprises and Strategy Options for Global Enterprises The main characteristics of the Global Enterprise will be given Purposes of expanding into global markets will be and : demonstrate an understanding of the different forms of entry 6
Topics to be covered Class Lab discussed pp 57-86 strategies for GE Entry strategies will be explained demonstrate familiarity with the expansion of Global Enterprises 7 Midterm exam 8 Ch6 The Landscape of Global The Global Environment issues will be analyzed Internationalization stages of business and forms of international transactions will be explained Motives behind expansions of Global will be discussed and : pp 86-116 Critically analyze the opportunities and risks associated with Global business environment indentify capabilities for companies needed to remain competitive in the years ahead Elements of the Economic Environment will be given 9 Ch7 The Consequences of Implications of globalization for growth and poverty, the environment and governance will be explained The some issues as how has globalization affected inequalities in the distribution of incomes between richer and poorer countries will be discussed The International Environment: Chapter 9 critically analyze the process of globalization and its impact explain economic arguments for and against of globalization 10 Ch 8 Global Governance, Transnational State, Transnational Institutions The key players involved in Global Governance will be analyzed Global governance Define international governmental organization, international 7
Topics to be covered Class Lab The rise of non-state actors and multi-actor global governance will be discussed Transnational actors and processes will be explained the rise of nonstate actors A background report for the SOER 2010 nongovernmental organization, transnational corporation, and transnational advocacy network. Explain the diferences between intergovernmentalism and supranationalism. Assess the influence of transnational corporations on governments 11 Ch9 Organizational Governance in the Private Sector Generic Forms of Organizational Governance will be given the concept and processes of corporate governance will be explained and : pp346-376 Define what is corporate governance and why it matters Explain the relationship between shareholders, management and the board Explaine why corporate governance is necessary to incentivize good business practices 12 Ch 10 The of Trade and Finance The consequences of international trade, the migration of labor, and global financial flows will be given The main components of international trade and and : Identify multilateral and regional financial institutions that help foster global business. 8
Topics to be covered Class Lab international finance will be explained The effects of various trade policies on the business environment and the Global economy will be described pp 221-255 Explain various methods of financing global operations. 13 Ch 11 Current issues in Contemporary trends in globalization will be analyzed The focus will be given to financial globalization, which covers the analysis of the exchange rate, financial crisis, and macroeconomic policies and : analyze the real-world key phenomena and policies concerning financial globalization, an increasingly importa nt feature of the modern world etc. 14 15 Individual Project - Presentation Individual Project - Presentation 5-10 minutes will be given students (Solo or with another class member) for oral presentation on selected topics (presentation proposal should be given to Lecturer in advance for approval) 5-10 minutes will be given students (Solo or with another class member) for oral presentation on selected topics (presentation proposal should be given to Lecturer in advance for approval) 9