PředmětyPředměty(verze: 901)
Předmět, akademický rok 2021/2022
  
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 2019
Semestr: letní
E-Kredity: 6
Způsob provedení zkoušky: letní s.:
Rozsah, examinace: letní s.:2/2 Zk [hodiny/týden]
Počet míst: 97 / 97 (97)
Minimální obsazenost: neomezen
Virtuální mobilita / počet míst: ne
Stav předmětu: vyučován
Jazyk výuky: angličtina
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: Bathusi Gabanatlhong
Ing. Vilém Semerák, M.A., Ph.D.
Třída: Courses for incoming students
Neslučitelnost : JPB334
Je neslučitelnost pro: JPB334
Soubory Komentář Kdo přidal
stáhnout JEB135 - Economics of Global Business, Spring 2021 syllabus.pdf Sylabus. Další soubory a informace jsou dostupné přes systém Moodle Ing. Vilém Semerák, M.A., Ph.D.
Anotace -
Poslední úprava: Ing. Vilém Semerák, M.A., Ph.D. (24.10.2019)
This course is related to but does not overlap with undergraduate courses International Trade and International Finance taught at the IES. Course “Economics of Global Business” deals with international trade, international financial flows, globalization of economic activities, but it focuses on additional topics and uses a different (more practical) perspective than the two afore-mentioned 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 and their empirical tests.
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. (19.02.2021)

Evaluation will be based on quizzes during the semester, a final exam, two assignments, and a final paper. There will be at least three different dates for the final exam.

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

Quizzes (8):                                                                    16%

Final exam:                                                                     45%

Two team assignments:                                                    16%

Final paper:                                                                    23%

 

Additional details:

·         Written exams are compulsory for everyone.

 

Grading scale:

Grade

Range

A

91 – 100

B

81 – 90

C

71 – 80

D

61 – 70

E

51 – 60

F

0 – 50

Literatura -
Poslední úprava: Ing. Vilém Semerák, M.A., Ph.D. (26.02.2020)

Literature:

Books and chapters from books:

Charles W.L. Hill: International Business. McGraw-Hill/Irwin; 9th edition. 2013

Or Charles W.L. Hill: Global Business Today.  10th edition, 2017

Paul Krugman, Maurice Obstfeld: International Economics: Theory and Policy. 10th edition. Pearson Series in Economics. 2014

E. Helpman, Understanding Global Trade.  Belknap Press, 2011.

M. D. Levi – International Finance, chapter 13

Papers and other materials:

De Backer, K. and S. Miroudot (2013), “Mapping Global Value Chains”, OECD Trade Policy Papers, No. 159, OECD Publishing, Paris.

R. Baldwin: Global supply chains: why they emerged, why they matter, and where they are going. In Elms & Low (eds.):  Global value chains in a changing world. 2013

J. Becker & N. Riedel (2012): Cross-border tax effects on affiliate investment – evidence from European multinationals. European Economic Review 56 (2012) 436-450

Blomström (2001): The Economics of International Investment Incentives , OECD

I. Bremmer (2009): State Capitalism Comes of Age: The End of the Free Market? Foreign Affairs, Vol. 88, No. 3 (May/June 2009), pp. 40-55

D. Dharmapala & J.R. Hines (2009): Which Countries Become Tax Havens? Journal of Public Economics 93 (2009), 1058-1068

E. Hilt (2008): When did Ownership Separate from Control? Corporate Governance in the Early Nineteenth Century (interesting as historical introduction, includes U.S. evidence)

G. Hofstede: Cultural Constraints in Management Theories. The Executive, Vol. 7, No. 1 (Feb., 1993), pp. 81-94

Economist – a special issue on State Capitalism

Hines (2007): Tax Havens – texts for the The New Palgrave Dictionary of Economics

J.R. Hines (2010): Treasure Islands. Journal of Economic Perspectives—Volume 24, Number 4—Fall 2010—Pages 103–126

Henry (2016): Taxing Tax Havens - How to Respond to the Panama Papers. Foreign Affairs 2016

J. Kornai, E. Maskin, G. Roland (2003): Understanding the Soft Budget Constraint. Journal of Economic Literature, Vol. 41, No. 4 (Dec., 2003), pp. 1095-1136

P. Krugman (1994): Competitiveness - A Dangerous Obsession. Foreign Affairs

D. C. Mueller (2006): Corporate Governance and Economic Performance. International Review of Applied Economics, Vol. 20, No. 5, 623–643, December 2006

A. Musacchio & S.G. Lazzarini: Leviathan in Business: Varieties of State Capitalism and their Implications for Economic Performance. HBS Working Paper, No. 12-108, June 2012

Pavlínek, P. & Žížalová, P.: Linkages and spillovers in global production networks: firm-level analysis of the Czech automotive industry. Journal of Economic Geography 16 (2016) pp. 331–363

M. E. Porter: The Competitive Advantage of Nations. Harvard Business Review, 1990

Timmer, M. P., Dietzenbacher, E., Los, B., Stehrer, R. and de Vries, G. J. (2015), "An Illustrated User Guide to the World Input–Output Database: the Case of Global Automotive Production", Review of International Economics., 23: 575–605

IMD: World Competitiveness Yearbook 2014 – Introductory part

OECD (2017): Corporate governance factbook

OECD (2013): Interconnected Economies, Synthesis Report

Metody výuky -
Poslední úprava: Ing. Vilém Semerák, M.A., Ph.D. (15.02.2022)

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

 

The course will be taught in the hybrid mode, i.e. the lectures and seminar sessions will be taking place in room 314 (Fridays, 9:30-12:20) but they will be simultaneously streamed via the Zoom platform too.

Recordings of the sessions will be available on the moodle site of the course.

Požadavky ke zkoušce -
Poslední úprava: Ing. Vilém Semerák, M.A., Ph.D. (19.02.2021)

 

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

Quizzes (8): 16%

Final exam: 45%

Two team assignments: 16%

Final paper: 23%

 

Additional details:

· Written exams are compulsory for everyone.

Sylabus -
Poslední úprava: Ing. Vilém Semerák, M.A., Ph.D. (19.11.2019)

Schedule of lectures/topics:

I.                 Introductory topics

1.      Introduction – globalization, development of global economy and of the role of international transactions in national economies. Economic complexity. Introduction to terminology and basic concepts (GVCs, SWOT) and to differences between economic and business logic.

2.      Economic systems and social models around the globe. Differences and implications for economic activity. Companies and their objective functions under different economic systems. Specific focus: state capitalism. Case studies: companies under central planning, companies in current China, khaki capital in Myanmar. 

3.      Economic agents: consumer preferences – the role of differences in culture, attitudes and values around the globe. Comparative studies and their implications. Results from experimental economics. 

4.      Modes of internationalization of economic activities: when should we trade and when institute a foreign subsidiary? Empirical results. 

5.      National competitiveness: concepts, measurement. Is national competitiveness just a gimmick or a dangerous obsession? Porter’s concept of competitive advantage nations. 

II.               Foreign trade activities

6.      What and how nations trade: review of the concept of comparative advantage. Global value chains. Tax motivation for trade activities. Midterm exam

7.      Exporting and importing activities: prices, risks, insurance. INCOTERMS. Amazon and E-bay: effects on organization of international trade?

8.      Practical aspects of trade policies. Economic diplomacy. Embargoes and smuggling. 

9.      How to pay for imports and get paid for exports? Means and methods of payments. SWIFT. TARGET2 

III.              International investment and finance

10.   Currencies in international trade. Reserve currencies, vehicle currencies, cryptocurrencies. Exchange rate risk and exchange rate exposure. Introduction to hedging.

11.   FDI: basic concepts, investment incentives. Seminar session will be used for the team presentations.   

12.   Tentative topic: International banking, offshore finance

13.    Team presentations planned.

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

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.

 
Univerzita Karlova | Informační systém UK