ECM4210 - INTERNATIONAL BUSINESS: OPPORTUNITIES AND RISKS

Module Identifier

ECM4210

Module Title

INTERNATIONAL BUSINESS: OPPORTUNITIES AND RISKS

Academic Year

2004/2005

Co-ordinator

Mr Nicholas Perdikis

Semester

Semester 2

Pre-Requisite

ECM4110 or, MBM1010

Course delivery

Seminars / Tutorials

6 Hours

Lecture

16 Hours

Assessment

Assessment Type	Assessment Length/Details	Proportion
Semester Exam	2 Hours	70%
Semester Assessment	Individual Report	30%
Supplementary Assessment	2 Hours resit exam or resubmit failed element(s)	100%

Learning outcomes

On successful completion of this module students should be able to:

have and understand a specific body of knowledge;
be able to analyse and think critically;
interpret statistics;
present material both orally and in written form;
manage their time;
carry out independent tasks;
work in groups.

Aims

To provide students with both subject specific skills and transferable skills. For example, the problems involved in going international, the entry modes, risk evaluations and assessment as well as research skills

Brief description

The intention of this module is to equip students with a thorough understanding of the main opportunities and risks that firms face when making decisions to operate internationally. Specific issues covered include the mode of internationalisation, ie, direct and indirect exporting, multinationality , joint ventures etc, payment and exchange rate risks, risk assessment, arbitration procedures.

Content

Introduction
The process of internationalisation
The role of trading houses
Multinaltionality and location
Joint ventures
Payments systems and methods
Dispute resolution
Financial risk

Transferable skills

More specifically by taking this module students will enhance several transferable skills. Attendance at lectures should help note taking. Essay writing will enhance writing as well as time management skills and problem solving. The debates should also enhance teamwork, communiction and presentational skills and reinforce further time management skills. The inclusion of web sites and encouragement to use the library fully should help to enhance basic IT and research skills.

Reading Lists

Books
W A Kerr and N Perdikis (1995) The Economics of International Business, A Guide to the Global Commercial Environment, Estey Centre
C Hills (2000) International Business: Competing in the Global Market Place Irwin

Notes

This module is at CQFW Level 7