Objectives and competences
The course International Economic Order enables students to gain an in-depth understanding of international relations, ecology and cultural differences. Students develop competencies for independent research in the field of globalization (origins, causes, valuation, impact on environment), with an emphasis on understanding of ethics in international business and cultural differences.
Content (Syllabus outline)
8. Globalization
9. National Differences in Political economy
10. Differences in Culture
11. Ethics in International Business
12. International Trade Theory
13. The Political Economy of International Trade
14. Foreign Direct Investment
8. Regional Economic Integration
Learning and teaching methods
- Interactive lectures with and group discussions.
- Practical tutorial based on case studies.
- Independent research and critical study of materials.
- Practice of communication skills through presentations.
Intended learning outcomes - knowledge and understanding
1. Student will critically assess and deeply understand the international relations, ecology and cultural differences. (PILO 2a)
2. Student will systematically identify and analyse processes of globalization by integrating theoretical knowledge and practical examples. (PILO 1a, PILO 2a)
3. Student will develop the ability to perform in international multicultural environment. (PILO 2b, PILO 2c)
4. Student will master methodologies for independent research in the field of globalization, including critical analysis and synthesis of relevant information. (PILO 3a)
5. Student will effectively communicate international business strategies. (PILO 3b)
6. Student will apply acquired theoretical knowledge for practical engagement and solving specific challenges in international business. (PILO 3c)
7. Student will develop skills for independent work and leadership in solving short tasks in teams, improving communication and collaborative abilities. (PILO 3c)
8. Student will develop and demonstrate ethical decision-making with consideration of cultural differences in international business. (PILO 4a)
9. Student will critically evaluate the impact of globalization on environment and society. (PILO 4b)
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Intended learning outcomes - transferable/key skills and other attributes
1. Student will critically assess and deeply understand the international relations, ecology and cultural differences. (PILO 2a)
2. Student will systematically identify and analyse processes of globalization by integrating theoretical knowledge and practical examples. (PILO 1a, PILO 2a)
3. Student will develop the ability to perform in international multicultural environment. (PILO 2b, PILO 2c)
4. Student will master methodologies for independent research in the field of globalization, including critical analysis and synthesis of relevant information. (PILO 3a)
5. Student will effectively communicate international business strategies. (PILO 3b)
6. Student will apply acquired theoretical knowledge for practical engagement and solving specific challenges in international business. (PILO 3c)
7. Student will develop skills for independent work and leadership in solving short tasks in teams, improving communication and collaborative abilities. (PILO 3c)
8. Student will develop and demonstrate ethical decision-making with consideration of cultural differences in international business. (PILO 4a)
9. Student will critically evaluate the impact of globalization on environment and society. (PILO 4b)
The PILO label (i.e., Programme Intended Learning Outcomes) defines the contribution of each listed intended learning outcome of a course towards achieving the general and/or subject-specific competencies or learning outcomes acquired through the programme.
Readings
1. Hill, Charles W. L., Hult, G. Tomas M.. 2021. International Business: Competing in the Global Marketplace. New York: McGraw-Hill Education.
Additional information on implementation and assessment Written exam - individual written exam
Seminar paper - writing and presenting of seminar paper
In-class participation - short tasks based on case studies
