International Business and Economic Institutions
Credits: 4 ECTS
How does international business activity affect people across countries? What challenges and opportunities do firms operating internationally face? How does economic globalization constrain national democracies? How corporate social responsibility can contribute to sustainable development?
The course starts examining key international economic institutions and their socioeconomic effects on developing and developed countries. It considers the history and current structures of international trade and finance, the causes of global economic crises, and the role of states, multinationals and intergovernmental institutions in current economic development trends, inequalities within and across countries and international migrations.
The second part of the course considers key topics of international business emphasizing their corporate social responsibility (CSR) component: management across different national political environments, internationalization and alliance strategies, global marketing, and global R&D and human resources management. This set of topics is mainly studied considering how the strategies of multinational firms may affect national and global sustainable development.
The course is mainly based on the main course readings; however, additional readings (e.g., instructional case studies, current news and policy reports) and handouts summarizing some of the readings will be distributed and considered in class. Students should complete these handouts with information from the readings, class presentations and debates. Students’ active class participation (formulating and answering questions and suggesting examples to illustrate course topics) is essential to make the course the most engaging as possible. Students do a brief class presentation of one of the instructional case studies considered in the course.
The assessment of the students is based on the following components and percentages:
- Individual essay: international economy and politics (40%)
- Group essay: case-study on international business management (40%)
- Class presentation (5%)
- Active class participation (15%)