Economics of Global Business - JEB135

• Anglický název: Economics of Global Business
• Český název: Economics of Global Business
• Zajišťuje: Institut ekonomických studií (23-IES)
• Fakulta: Fakulta sociálních věd
• Platnost: od 2016 do 2018
• Semestr: letní
• E-Kredity: 6
• Způsob provedení zkoušky: letní s.:
• Rozsah, examinace: letní s.:2/2, Zk [HT]
• Počet míst: 97 / 97 (97)
• Minimální obsazenost: neomezen
• 4EU+: ne
• Virtuální mobilita / počet míst pro virtuální mobilitu: ne
• Stav předmětu: vyučován
• Jazyk výuky: angličtina
• Způsob výuky: prezenční
• Způsob výuky: prezenční
• Další informace: http://ies.fsv.cuni.cz/cs/syllab/JEB135/
• Poznámka: předmět je možno zapsat mimo plán; povolen pro zápis po webu; při zápisu přednost, je-li ve stud. plánu
• Garant: Ing. Vilém Semerák, M.A., Ph.D.
• Vyučující: Olha Khymych, DiS., Ph.D.; Ing. Vilém Semerák, M.A., Ph.D.
• Třída: Courses for incoming students

Anotace

Poslední úprava: Ing. Vilém Semerák, M.A., Ph.D. (30.09.2023)

This course is related to but does not overlap with undergraduate courses International Trade and International Finance taught at the IES. The course “Economics of Global Business” deals with international trade, international financial flows, and globalization of economic activities, but it focuses on additional topics and uses a different (more practical) perspective than the two aforementioned courses. It discusses many applied and institutional aspects of global economic activities and it also provides a brief insight into actual methods used in international business, as well as case studies with examples of interesting successes/failures. However, unlike many traditional courses of this type, which use rather soft and descriptive approaches, we will always try to provide also economic rationale and relevant economic models (as well as their empirical tests).

Please note that the course was moved to the Fall semester for the Academic year 2023/23 and to a new time slot. The course will be taking place on Friday afternoons (3:30 p.m. - 6:20 p.m.).

Cíl předmětu

Poslední úprava: Ing. Vilém Semerák, M.A., Ph.D. (24.10.2019)

After studying this course, students should gain a basic understanding of the following issues:

1.      Why do economic agents (consumers, households, companies) behave differently in different parts of the world? What are the implications for economic theory and business activities?

2.      When should a company choose to open a foreign subsidiary and when should it simply export goods abroad?

3.      Why do nations trade and how is trade-related to wages and welfare?

4.      What is competitiveness? Can we and should we measure it?

5.      How are actual transactions in international business implemented? What are INCOTERMS, SWIFT, Letter of Credit?

6.      Why do we have off-shore finance? And how does its presence influence national economies?

Podmínky zakončení předmětu

Poslední úprava: Ing. Vilém Semerák, M.A., Ph.D. (30.09.2023)

Evaluation will be based on a midterm and final exam (in traditional "on-site" written form), two team assignments and online Moodle quizzes. The final exam will include a short (on-site) essay.

There will be at least three different dates for the final exam.

 

The weights of the components in the total grade are as follows:

Online Moodle quizzes (8): 10%

Short midterm exam: 20%

Final exam (includes a brief "on-site" essays): 50%

Two team assignments: 20%

Additional details:

Written exams are compulsory for everyone; even students participating in hybrid education will have to participate in an online exam once they arrive in Prague.

 

Grading scale:

Grade	Range
A	91 – 100
B	81 – 90
C	71 – 80
D	61 – 70
E	51 – 60
F	0 – 50

Metody výuky

Poslední úprava: Ing. Vilém Semerák, M.A., Ph.D. (30.09.2023)

There will be one lecture (80 minutes) and one seminar (80 minutes) every week.

 

The course will be taught in a partial hybrid mode, i.e. the lectures and seminar sessions will be taking place in room 206 (Fridays, 3:30-6:20 p.m.) but they will be simultaneously streamed via either Teams or Zoom platform too. However, the midterm and final exams will be taking place in the traditional mode (on-site and on paper).

Course materials will be shared via the course's Moodle site.

All registered students will receive an introductory email with information on how to join the Moodle site or how to join streaming (if relevant for them) on the first day of the semester.

Sylabus

Poslední úprava: Ing. Vilém Semerák, M.A., Ph.D. (19.02.2021)

Schedule of lectures/topics:

I.                 Introductory topics

1.      Introduction – globalization, development of global economy and of the role of international transactions in national economies. Global value chains – introduction. (Feb 19^th )

2.      Economic agents: consumer preferences – the role of differences in culture, attitudes and values around the globe. (Feb 26^th)

3.      Modes of internationalization of economic activities: when should we trade and when institute a foreign subsidiary? Which strategy for which market?  (March 5^th)

4.      The role of governance and its international dimension. Principal-agent problem and agency problems. Corporate governance: relationship between the shareholders, board, management. (March 12^th)

II.               Foreign trade activities

5.      Exporting and importing activities: prices, risks, insurance. INCOTERMS. Amazon and E-bay: effects on organization of international trade?  (March 19^th)

6.      Trade policies: practical aspects. Non-tariff barriers to trade. Embargoes and sanctions.  (March 26^th)

7.      Holidays (April 2^nd)

8.      How to pay for imports and get paid for exports? Means and methods of payments. SWIFT. Blockchains. (April 9^th).

III.              International investment and finance

9.      Currencies in international business. Exchange rate risk and exchange rate exposure. Introduction to hedging. Cryptocurrencies. (April 16^th)

10.   Taxes and international business. Tax havens. (April 23^rd)

11.   Holidays.   (April 30^th)

12.   Kickback: Corruption in international business. (May 7^th)

IV.             Summary, latest trend

13.   International business in the times of global epidemics. Industry 4.0. (May 14^th)

14.   Final summary. Reserved as make up class for all the holidays (May 21^st)

Vstupní požadavky

Poslední úprava: Ing. Vilém Semerák, M.A., Ph.D. (11.02.2019)

The course will be taught in English. Please do not register if you are not able to study and work in English language.

Knowledge of introductory Microeconomics, Macroeconomics and Statistics will be useful.