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INTERNATIONAL BUSINESS & FINANCE
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Course Outcome |
Learning and teaching strategies |
Assessment Strategies |
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Upon successful completion of this course, the student will be able to: CO67. Critically evaluate the role of globalization and outline the remedies for solving issues in international business CO68. Evaluate the international monetary system and exchange rate theories. CO69. Classify and contrast instruments of International financial market and exchange risk management CO70. Analyze the concept of balance of payment and elucidate the measures to control BOP CO71. Examine the current status of International Business in India by Integrating the concept of International finance with the functioning of global trade CO72. Appraise the role and function of IMF , World Bank and WTO. |
Interactive Lectures, Group Discussion, Tutorials, Reading assignments, Workshops and question preparation
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Class test, Semester end examinations, Quiz, Solving Numerical problems in tutorials, Assignments, Class Presentation |
Globalization of Indian Business: India – An Emerging Market, India in Global Trade, Liberalization and Integration with the Global Economy, Obstacles to Globalization, factors favouring globalization.
International Business: Distinguishing features of International Business. Needs, Importance and disadvantage. Problems and remedies of International Business.
International Monetary System: The Bretton Woods System and emergence of managed floating, EMS, ECU and Euro, Foreign Exchange Market: Distinctive features and major participants. Determination of exchange rates(Purchasing Power Parity Theory & Balance of Payment Theory), Exchange control, Exchange rate classifications.
International Financial Market- meaning and functions, Instruments (Euro Notes, Euro Commercial Papers, Medium of notes, Floating Rate Notes Euro Bonds, GDRs, ADRs,Repo)
Exchange Risk Management:- Introduction, Types of Risk, Risk in Foreign Exchange, Study of FEMA, Role of RBI .
The Balance of Payments: Introduction, Balance of Payment Accounts Of India, Components of BOP, Balance of Payment Vs. Balance of Trade (BOT), Disequilibrium of BOP, Measures to control BOP.
IMF & World Bank-Objectives, Roles, Achievements, Recent developments, Progress and Criticism
World Trade Organization : Introduction TRIMs, TRIPs, IPRs, Patents, WTO and India and its evaluation
- Avadhani,V.A,” International Finance, Theory and Practice”, Himalaya Publishing Company, New Delhi.
- S.K. Mathur, “ International Trade and Finance”, Shivam Book House, Jaipur.
- Cherunilam Francis “International Economics”, Tata McGraw-Hill Publishing Company Limited, new Delhi
- Cherunilam Francis “International Business”, Tata McGraw-Hill Publishing Company Limited, new Delhi
SUGGESTED READINGS
- Maurice, Levi, “ International Finance”, McGraw Hill, Int. Ed. New York.
- Walter, Ingo: Handbook of International Business, John Wiley and Sons; New York.
- Wood, D. and J Byrne: International Business Finance, Macmillan, New York.
- Sodersten B, “International Economics”, Macmillan, London.
- Dominick, “ International Economics”, Macmillan Publication Company, New York.
- Mithani D. M. Introduction to International Economics (Latest)- Himalaya Publishing House, Mumbai
e- RESOURCES:
- https://www.indiabudget.gov.in/economicsurvey/ (Economic survey, various issues)
- https://rbi.org.in/Scripts/AnnualPublications.aspx?head=Report%20on%20Cu... (RBI Report on Currency & Finance, various issues)
- Websites: https://www.rbi.org.in/ (RBI), https://www.imf.org/en/Home (IMF), https://www.worldbank.org/en/home (WORLD BANK), https://www.wto.org/ (WTO)
- https://www.wto.org/english/res_e/reser_e/annual_report_e.htm (WTO Annual report, various reports)
- https://ndl.iitkgp.ac.in/
JOURNALS:
- International Journal of Financial Management
- Indian Journal of Finance
- Journal of Banking, Information Technology and Management
- World Affairs- The Journal of International Issues
- Foreign Trade Review
