EASTERN MEDITERRANEAN UNIVERSITY

FACULTY OF BUSINESS AND ECONOMICS

MBA Program
Fall 2014 - 2015
COURSE CODE
COURSE TITLE
COURSE TYPE
LECTURER(S)
DURATION OF COURSE
WEB LINK
OFFICE HOURS
ASSISTANT

Mgmt 550 COURSE LEVEL 3rd semester /2nd year - Graduate

International Business
Area Core
Assoc. Prof. Dr. ule Lokmanolu Aker
One semester
To be announced
Thursday: 14.30-16.30,
Murad Bein

CATALOGUE DESCRIPTION This is an introductory course to international business theories and practices at
the graduate level. The course covers international business issues like regional and global strategy, the
multinational enterprise, international politics and culture as they influence the global business, international
trade, foreign direct investments, international financial markets. At the end of the semester the students are
expected to enhance the global business system as it evolved in the current history.

GENERAL LEARNING OUTCOMES (COMPETENCES)

On successful completion of this course, all students will have developed knowledge and understanding of:
International Business
International Trade
Management and Organization of Multinational Enterprises
Competitive positions of the firms and the nations
International Business Strategies
Economic power

RELATIONSHIP WITH OTHER COURSES

Applications involve topics chosen from intermediate level Microeconomics and Macroeconomics
LEARNING / TEACHING METHOD
Lectures, application exercises by topic in tutorials, computer applications, assignments.

METHOD OF ASSESSMENT
Midterm Exam:
Final Exam:
Presentations:
Project:

TEXTBOOK
International Business: Competing in the Global Marketplace (6th ed.)
Charles W. L. Hill
McGraw-Hill (available in Bookstore)

INDICATIVE BASIC READING LIST

30%
40%
10%
20%

Globalization and the global currencies: Is the US dollar losing its global leadership?
ule L. Aker, Ahmet H. Aker
in
Global Governance, Labour Market Dynamics and Social Change
Ed. By B. N. Ghosh
Wisdom House (available in the Library on the reference desk)
Textbook and additional articles
SEMESTER OFFERRED
Fall and Spring Semesters
CONTENT & SCHEDULE
Lectures will be held on;
Tuesday: 14:30 17:30
The lecture topics within the semester are as in the following schedule:
WEEKS

CHAPTERS

13 -17 October

20 - 24 October

27 - 31 October

3 7 November

10 14 November

17 21 November
24 28 November

1 5 December

8 12 December

15 19 December

10

22 26 December

11

TOPICS
Scope of the course
Introduction to globalization
Factors behind globalization
Trends in international trade
Multinational enterprise
National differences in political economy
Collectivism and individualism
Economic systems
Legal systems
Differences in culture
Religious and ethical systems
Education
Hofstedes model for cultural differences
International Trade Theory
Mercantilism
Theories of absolute advantage and comparative advantage
Hecksher-Ohlin Theory
The product life-cycle theory
Porters diamond
The political economy of international trade
Trade restrictions
The case of government intervention
MIDTERM EXAM
Chapters 1, 2, 3, 5, 6
Foreign direct investment
Horizontal FDI
Vertical FDI
Implications for the businesses The benefits of FDI to host countries
The costs of FDI
Regional economic integration
Levels of economic integration
Regional integration in Europe
Regional integration in Americas
The foreign exchange market
Economic theories of exchange rate determination
Exchange rate forecasting
The international monetary system
The gold standard
The Breton Woods System
Floating exchange rates
The global capital market
Attractions of global capital market
Growth of global capital market
The Eurocurrency market
Global bond market

5 - 15

Presentations
Final Exam
All course material

PLAGIARISM
Individual work must reflect an individuals own effort. Do not copy from others. Academic dishonesty carries a
penalty that may range from receiving a grade of zero to expulsion from the University. Plagiarism is an offence
and will be dealt with according to University regulations.
MAKE-UP EXAMS
Students, who have valid excuses, will be allowed to take make-up examinations for mid-term and final exams.