International Business & Finance

Paper Code: 
24FSG322
Credits: 
6
Contact Hours: 
90.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to gain understanding of globalization's impact on Indian business, international monetary systems, and financial institutions.

Course Outcomes: 

Course

Learning outcome

(at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course

Title

 

24FSG322

International Business & Finance (Theory)

 

CO 67: Analyze the emerging market status of India and its role in global trade..

CO 68 : Assess the roles of major participants in the foreign exchange market and the impact of exchange control.

CO 69: Analyze the functions and instruments of the international financial market and Evaluate Exchange Risk Management.

CO 70 : Create measures to control disequilibrium in the BOP.

CO 71: Critique the recent developments and progress of IMF,WTO and World Bank in International Business

CO 72 : Contribute effectively in course-specific interaction

 

Approach in teaching:

 

Interactive Lectures, Discussion, Tutorials, Case studies

 

Learning activities for the students:

 

Field activities, Presentation, Role Playing

Class test, Semester end examinations, Quiz, Solving Numerical problems in tutorials, Assignments, Class Presentation

 

18.00
Unit I: 
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.

18.00
Unit II: 
International Monetary System and Foreign Exchange Market

• 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.

18.00
Unit III: 
International Financial Market and Exchange Risk Management

• 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.

18.00
Unit IV: 
The Balance of Payments

• 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.

18.00
Unit V: 
IMF, World Bank and WTO

• 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.

Essential Readings: 

1. Avadhani,V.A,” International Finance, Theory and Practice”, Himalaya Publishing Company, New Delhi.
2. S.K. Mathur, “ International Trade and Finance”, Shivam Book House, Jaipur.
3. Cherunilam Francis “International Economics”, Tata McGraw-Hill Publishing Company Limited, new Delhi
4. Cherunilam Francis “International Business”, Tata McGraw-Hill Publishing Company Limited, new Delhi

References: 

1. Maurice, Levi, “ International Finance”, McGraw Hill, Int. Ed. New York.
2. Walter, Ingo: Handbook of International Business, John Wiley and Sons; New York.
3. Wood, D. and J Byrne: International Business Finance, Macmillan, New York.
4. Sodersten B, “International Economics”, Macmillan, London.
5. Dominick, “ International Economics”, Macmillan Publication Company, New York.
6. Mithani D. M. Introduction to International Economics (Latest)- Himalaya Publishing House,Mumbai
E-Resources
1. https://www.indiabudget.gov.in/economicsurvey/ (Economic survey, various issues)
2. https://rbi.org.in/Scripts/AnnualPublications.aspx?head=Report%20on%20Cu... Finance (RBI Report on Currency & Finance, various issues)
3. 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)
4. https://www.wto.org/english/res_e/reser_e/annual_report_e.htm (WTO Annual report, various reports)
5. https://ndl.iitkgp.ac.in/
6. International Journal of Financial Management
7. Indian Journal of Finance
8. Journal of Banking, Information Technology and Management
9. World Affairs- The Journal of International Issues
10. Foreign Trade Review

Academic Year: 
2024-2025
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