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DRPS : Course Catalogue : Business School : Business Studies

Undergraduate Course: International Business: Globalisation and Trade 2A (BUST08008)

Course Outline
SchoolBusiness School CollegeCollege of Humanities and Social Science
Credit level (Normal year taken)SCQF Level 8 (Year 2 Undergraduate) AvailabilityAvailable to all students
SCQF Credits20 ECTS Credits10
SummaryThe course will examine different types of foreign market entry strategy; the world trade regime and the various elements that comprise this environment eg. EU/ NAFTA; and issues in International Finance, Management, Production and Labour.
Course description The IBGT course is devoted to an analysis of the global business environment, concentrating particularly on the world trading system including the increasingly important role played by the international financial institutions. The IBGT course, focusing more on macro-economic business patterns, processes and institutions, provides the basis for the IBMNE which looks more at the micro-level and the individual firm in a global business environment.


The Global Monetary System and the WTO
Trade Theory and the Regulation of Trade
Trading Blocs: the EU, NAFTA, Mercosur, ASEAN
Understanding Culture
The Emergence of the MNE, Patterns and Spillover Effects of FDI
Understanding the Economic Growth and Development of Nations and competitiveness of nations.
Natural Resources and International Business

Student Learning Experience

The lecture programme provides an overview of international business concepts and practices, and is supported by suggested readings from the course text.

The compulsory weekly tutorials comprise a mix of conventional Teaching Assistant-supported group exercises and audio-visual exercises. The tutorials are used to support and develop concepts and theories taught in the lectures. The audio-visual sections allow students to observe the practices of companies in the international business area.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Foundations of Business (BUST08025) OR Introduction to Business (BUST08026) OR ( Industrial Management 1 (BUST08002) AND Techniques of Management (MAEE08002))
Prohibited Combinations Other requirements None
Information for Visiting Students
Pre-requisitesVisiting students should usually have at least 1 introductory level Business Studies course at grade B or above (or be predicted to obtain this) for entry to this course. We will only consider University/College level courses.
High Demand Course? Yes
Course Delivery Information
Academic year 2015/16, Available to all students (SV1) Quota:  None
Course Start Semester 1
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 8, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 166 )
Assessment (Further Info) Written Exam 60 %, Coursework 40 %, Practical Exam 0 %
Additional Information (Assessment) Individual Essay (3000 words) = 40%, Final Exam = 60% (2 questions of 4) resit exam = 100%.
Feedback Generic feedback on your coursework, together with individual marks, will be available on Learn. You can also look at your individual feedback in the UG Office (Room 1.11, Business School, 29 Buccleuch Place) and take away a copy of the feedback form, but you will not be able to take away the original piece of coursework, as it may be required by the Board of Examiners.

Your examination marks will be posted on Learn (together with generic feedback and examination statistics) as soon as possible after the Boards of Examiners meeting (normally end of January/beginning of February). You will have the opportunity to look at your examination scripts in early February in the UG Office (Room 1.11, Business School, 29 Buccleuch Place) to look at your examination scripts. Note that you will not be able to remove any examination scripts from the UG Office as they may be required by the Board of Examiners.
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S1 (December)International Business: Globalisation and Trade 2A2:00
Resit Exam Diet (April/May Sem 1 resits only)International Business: Globalisation and Trade 2A2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. Understand and discuss the processes behind the globalisation of the world economy, tempered by an understanding of the way in which economic, political and cultural diversity persists, and constrains the homogenisation of consumer behaviour.
  2. Understand and discuss the importance and dynamics of the world trading system for global economic development and international business.
  3. Understand and discuss the significance of trade for the major world economies, shifts in their competitive advantages and the threats to free trade.
  4. Understand and discuss the significance of MNE for investment, employment and the physical environment at the nation state level.
Reading List
Strongly recommended for purchase
International Business compiled by Alan Brown & Stephen Harwood (2013, 3rd edition).
Optional purchase
Hill C. (2006), International Business (Competing in the Global Marketplace), 6th edition, McGraw-Hill/Irwin.
Czinkota, M.R. & Kotabe, M. (1998), Trends in International Business: Critical Perspectives, Blackwell.
Dicken, P. (2007), Global Shift: Mapping the contours of the world economy, 5th edition, Sage.
Kotler, P. (2000), Marketing Management, Prentice Hall.
Vernon-Wortzel, H. & Wortzel, L.H. (1995/1997), Global Strategic Management: The Essentials, 2nd or 3rd edition, Wiley.
Bartlett, C.A. & Ghoshol, S. (1999), Transnational Management: Text, Cases and Reading in Cross-Border Management, 2nd edition, Irwin.
Dunning, J.H. (1988), Explaining International Production, Unwin Hyman.
Additional Information
Graduate Attributes and Skills Cognitive Skills
On completion of the course students should
a) demonstrate that they can work in tutorial groups to address issues relating to both international trade and the multinational enterprise;
b) demonstrate that they can understand international trade issues and apply this to economies;
c) demonstrate that they understand the implications of close economic integration in the global and European economy;
d) demonstrate that they understand patterns of FDI and the desire for companies to pursue FDI as means to internationalisation;

Key Skills
On completion of the assessed course work students should
a) demonstrate their ability to write a concise and informative report on a companies activities;
b) demonstrate their ability to source and collect material relevant to the topic.

Subject Specific Skills
On completion of the course work students should
a) demonstrate their ability to understand problems confronting companies operating in a multicultural environment;
b) critically assess the international business environment
Additional Class Delivery Information 2 Lectures plus tutorials (1 hour per week for 8 weeks)
KeywordsTrade Theory UTO FDI Spillovers
Course organiserMr Alan Brown
Tel: (0131 6)50 3804
Course secretaryMiss Sara Dennison
Tel: (0131 6)50 3825
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