DIRECTORATE OF DISTANCE EDUCATION …...Subject Name: INTERNATIONAL BUSINESS MANAGEMENT Subject Code: MBA 522 Paper Code: IBM DIRECTORATE OF DISTANCE EDUCATION INTEGRAL UNIVERSITY,

SubjectName:INTERNATIONAL BUSINESS MANAGEMENT

SubjectCode:MBA522 PaperCode:IBM

DIRECTORATEOFDISTANCEEDUCATION

INTEGRALUNIVERSITY,LUCKNOW



(W.e.f.JULY2016Session)

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UNIT ChapterName

Unit-1 AN INTRODUCTION TO INTERNATIONAL BUSINESS & MANAGEMENT

Unit–2PLANNING FOR INTERNATIONAL BUSINESS

Unit–3MANAGING HUMAN RESOURCES

Unit–4MANAGING INFORMATION & TECHNOLOGICAL RESOURCES

Unit–5INTERNATIONAL BUSINESS OPERATIONS

Unit–6INTERNATIONAL MANAGEMENT AND CROSS-CULTURAL PERSPECTIVES

Unit–7CHANGES AND GROWTH IN THE INTERNATIONAL MARKETPLACE

Unit–8AN INTRODUCTION TO MULTINATIONAL ENTERPRISES

Unit–9THE IMPACT OF ECONOMICS AND THE INTERNATIONAL MONETARY

FRAMEWORK ON INTERNATIONAL MANAGEMENT

Unit–10THE IMPACT OF DOMESTIC POLITICS ON INTERNATIONAL BUSINESS

Unit–11INFORMATION TECHNOLOGY AND ITS IMPACT ON INTERNATIONAL

MANAGEMENT

Unit–12INTERNATIONAL SERVICE MANAGEMENT CULTURE DEFINED

Unit–13THE IMPACT OF CULTURE ON INTERNATIONAL MANAGEMENT

CROSS-CULTURAL TRAINING AND EXPATRIATE ASSIGNMENTS

Unit–14TOWARD NEW INTERNATIONAL BUSINESS CONDITIONS AND

OPPORTUNITIES

Unit–15 CROSS-CULTURAL TRAINING AND EXPATRIATE ASSIGNMENTS

Unit–16TOWARD NEW INTERNATIONAL BUSINESS CONDITIONS &

OPPORTUNITIES





INTERNATIONAL BUSINESS MANAGEMENT

UNIT-1 AN INTRODUCTION TO INTERNATIONAL BUSINESS &

MANAGEMENT

Introduction

planning for international business

managing human resources

managing information & technological resources

international business

UNIT-2 PLANNING FOR INTERNATIONAL BUSINESS

introduction

analyzing the global business environment

international and global strategy

behaving responsibly around the world

moral obligation

sustainability

license to

reputation managing change in the international organization

international leadership & management

UNIT-3 MANAGING HUMAN RESOURCES

Introduction

managing human resources

managing difference

international organization design & control

global business processes

UNIT-4 MANAGING INFORMATION & TECHNOLOGICAL RESOURCES

contents

managing information resources

managing knowledge

global business & enterprise systems

global digital business

UNIT-5 INTERNATIONAL BUSINESS OPERATIONS

Introduction

international operations management

international marketing



managing global financial resources

UNIT-6 INTERNATIONAL MANAGEMENT AND CROSS-

CULTURAL PERSPECTIVES

Introduction

Globalization

International Management

International Manager

The Roles of an International Manager

Characteristics of Effective and Efficient International Managers

UNIT-7 CHANGES AND GROWTH IN THE INTERNATIONAL

MARKET PLACE

The Global Market

Individual Country Economics

The Growth of the International Marketplace

Market Needs

Technology

Cost

Quality

Communications and Transportation

The World Trading System

The World Trade Organization

Free flow of trade

Companies Becoming Global

Oregon

UNIT-8 AN INTRODUCTION TO MULTINATIONAL

ENTERPRISES

Introduction

characteristics and functions of multinational enterprises

advantages and disadvantages of multinational enterprises

the relationship between multinational enterprises and the economy

impacts and relationships of MNES with home and host countries

influence of MNES in the developing countries

the demand for skilled international managers

the future and multinational enterprises

UNIT-9 THE IMPACT OF ECONOMICS AND THE INTERNATIONAL

MONETARY FRAMEWORK

Introduction

Money Supply

Historical and Current Monetary Systems

Primitive Forms of Money



The History of the United States Monetary System

European Monetary Union (EMU)

Background of the European Monetary Union

Tokyo Stock Exchange (TSE)

London Stock Exchange (LSE)

New York Stock Exchange (NYSE)

Johannesburg Stock Exchange (JSE)

China and Hong Kong

UNIT-10 THE IMPACT OF DOMESTIC POLITICS ON

INTERNATIONAL BUSINESS

Introduction

Foreign Trade Regulations

International Trade Rulings

Attitudes in Foreign Trade

Literature on Tax Policy

From the Irish Tax Friendly Strategy to Recent Tax

Competition in Europe

Some Revealing Cases

Tax Policies in Central and Eastern Europe

Tax Dumping and Unfair Tax Competition in East–Central Europe

The Politics of Most Favored Nation Status

Politics of Joint Ventures

Withdrawing from a Joint Venture

Politics of Employment Law

Politics of Environmental Protection Laws

Politics of Ethics and Social Responsibility

Politics of Importing and Exporting

Politics in Expropriation and Confiscation

Review Question

Further Readings

UNIT-11 INTERNATIONAL BUSINESS OPERATIONS

Introduction

The Role of Information Technology in the US

The Experience of Technology in the US

The Role of Information Technology Outside of the US

Information Technology Transfer

Information Technology and its Effects on the Labor Market

Some Effects on International Trade

The Level of Technology in Less Developed Countries and How it Affects

International Managers



Technology and Inequality

Why is the Skill Bias of Technology Related to the Supply of Skilled Workers?

The Case of Inequality in the US in Light of Greater

Trade with the Less Developed Countries (LDCs)

Technology between Industrialized Countries and How it Aids Management of

Multinational Managers

Communication, Teleconferencing, and E–mail New Markets

Changes in the Organization of Production

Review Question

Further Readings

UNIT-12 INTERNATIONAL SERVICE MANAGEMENT

Service Management

International Service Standards

Service Quality

The Service Process

Review Question

Further Readings

UNIT-13 CULTURE DEFINED

Introduction

What is Culture?

Describing Culture

Understanding Culture

Cultural Ethnocentrism

Cultural Comparisons

Culture is Learned

Intercultural Communication

Master of Destiny

Issues of Environment

Education’s Role in Developing International

Competency

Importance of Cultural Awareness

The Impact of Culture on Business Practices

The Impact of Culture on Staffing—The Case of Brazil

Review Question

Further Readings

UNIT-14 THE IMPACT OF CULTURE ON INTERNATIONAL

MANAGEMENT



Introduction

How Culture Impacts Planning and Implementation of Goals and Objectives

How Culture Impacts the Competitive Environment of Organizations

Effect of Culture on International Planning

International Planning

Strategic Planning

Operational Planning

Cross-cultural Planning

Environmental and Technological Considerations

Effect of Culture on International Controlling

Effect of Culture on International Organizing

Chunnel Case: British Isles and Continental Europe

Effect of Culture on International Leading Promotion

Managing a Culturally Diverse Workforce

Review Question

Further Readings

UNIT-15 CROSS-CULTURAL TRAINING AND EXPATRIATE

ASSIGNMENTS

Introduction

Planning an Expatriate Assignment

Cross-cultural Business Etiquette and Sensitivity

Importance of Cross-cultural Training

Types of Cross-cultural Training

The Self-confrontation Training Technique

Effectiveness of Cross-cultural Training Programs

The Expatriate Assignment and the Role of Human Resources

Female and Minority Expatriates

Expatriate Adjustment

The Role of Outside Organizations

Review Question

Further Readings

UNIT-16 TOWARD NEW INTERNATIONAL BUSINESS CONDITIONS

& OPPORTUNITIES

Introduction

World Oil Peak and Oil Reserves

Global Management and Global Culture in Fast Growing Regions

Toward A New Concept of Global Entrepreneurship

Review Question

Further Readings



SubjectName:INTERNATIONAL BUSINESS ENVIRONMENTSubjectCode:MBA523 PaperCode:IBE





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Unit-1 INTERNATIONAL BUSINESS – AN OVERVIEW

Unit–2 INTERNATIONAL ORGANISATIONS

Unit–3 ORGANISATIONS ENGAGED IN INTERNATIONAL BUSINESS

Unit–4 INTERNATIONAL BUSINESS ENVIRONMENT

Unit–5 FOREIGN INVESTMENT AND FDI CONTENT OUTLINE


INTERNATIONAL BUSINESS ENVIRONMENT

UNIT-1 INTERNATIONAL BUSINESS – AN OVERVIEW

Introduction

Definition of International Business

Scope of International Business Activities

Special Difficulties in International Business

Benefits of International Business Survival

Framework for Analysing International Business Environment

Micro Environment

Macro Environment

Review Questions

Further Readings

UNIT-2 INTERNATIONAL ORGANISATIONS

International Economic Environment

WTO

What Is GATT

GATT ‘Rounds’ Of Global Trade Negotiations

World Trade Organisation (WTO)

United Nations Conference on Trade and Development

International Commodity Agreements (ICA)

International Monetary Fund (IMF)

World Bank

Review Questions

Further Readings

UNIT-3 ORGANISATIONS ENGAGED IN INTERNATIONAL BUSINESS

Multinational Corporation

Indian MNCs

Types of MNCs

The Structure of MNCs

Nine-Country Complex

MNCs and Home Societies

MNC Effects on Home Country

Trade and Payments

MNCs and Host Societies


Adaptability of MNCs to Host Environments

Areas of Conflict

National Sovereignty of the Host Country

Technology Transfer

Parties in the Transfer Process

International Technology Issues

Review Questions

Further Readings

UNIT-4 INTERNATIONAL BUSINESS ENVIRONMENT

Introduction

The Forces

Basis for going global

Types of Political Systems

Political Risks of Global Business

The WTO Initiative

Governmental Influence On Trade The Rationale For Governmental Intervention

Sources of International Law

International Dispute Resolution

Types of Legal Systems

Technological Environment

Joint Ventures

The Concept Of Culture

Reconciliation Of International Differences

Economic Trade Policies (Protectionism)

Review Questions

Further Readings

UNIT-5 FOREIGN INVESTMENT AND FDI CONTENT OUTLINE

Introduction

The Role of Foreign Investment Changing Context for TNCs

Foreign Direct Investment

The National FDI Policy Framework

Incentives to Attract FDI

Economic Rationale for Incentives

Competition for FDI with Incentives

The Effect of Incentives on Investment Decisions

Foreign Portfolio Investment (FPI)

Portfolio Capital Flows: Hot or Cold?

The Potential Impact of a Possible Multilateral Framework (MFI)


Capital Inflows and Overheating Policies To Control Overheating

Sterilisations through Transfers of Public Sector Deposit

Sterilisation through Open Market Operations

Sterilisation through Restrictions on Domestic Credit Growth

Offsetting the Impact of Monetary Expansion on Aggregate Demand

Policy Regimes and Vulnerability

Macroeconomic Management with Growing Integration

Capital Controls Are Of Questionable Effectiveness

Conditions For Effectiveness Of Different Types Of Controls

Are Capital Controls Desirable?

Exchange Rate Policy

Monetary Policy

Fiscal Policy

Review Questions

Further Readings

SubjectName:INTERNATIONAL MARKETING MANAGEMENT

SubjectCode:MBA524 PaperCode:IMM






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Unit-1INTERNATIONAL MARKETING: AN INTRODUCTION

Unit–2 INTERNATIONAL ORGANISATIONS

Unit–3 INTERNATIONAL TRADING

Unit–4 INTERNATIONAL PRICING

Unit–5 INTERNATIONAL BUSINESS-TO-BUSINESS MARKETING

Unit–6 INTERNATIONAL MARKETING OF SERVICES

Unit–7 INTERNATIONAL STRATEGIC MARKETING

Unit–8 INTERNATIONAL STAKEHOLDERS

Unit–9 INTERNATIONAL BRANDS

Unit–10 INTERNATIONAL MARKETING CONCEPTS

Unit–11 MARKET COMPETITIVE FORCES WORLDWIDE

Unit–12ADVERTISING AND PROMOTION IN INTERNATIONAL MARKETS

Unit–13 INTERNATIONAL MARKETING RESEARCH

Unit–14 INTERNATIONAL MANAGEMENT FOR MARKETING PERSONNEL



INTERNATIONAL MARKETING MANAGEMENT

UNIT-1 INTERNATIONAL MARKETING: AN INTRODUCTION

Objectives of Studying International Marketing

International Marketing Concepts

Going International

Competitive Business Environment

Economic Environment of Host Countries

Brand India

Core Process Reengineering (CPR) And Total Quality Management (TQM)

Total Customer Management (TCM)

Overview of International Marketing

Market Globalization

Cultural Aspects of Global Business

Product Innovation

Global Communications

Marketing Channels

International Marketing—WTO

Areas the WTO Needs To Look Into

Review Questions

Further Readings

UNIT-2 INTERNATIONAL ORGANISATIONS

The World Trade Organization (WTO)

WORLD BANK

International Bank for Reconstruction and

Development (IBRD)

The International Development Association (IDA)

International Finance Corporation (IFC)

Multilateral Investment Guarantee Agency (MIGA)

International Centre for Settlement of Investment

Disputes (ICSID)

International Monetary Fund (IMF)

United Nations Conference On Trade

And Development (UNCTAD)

International Trade Centre

United Nations Industrial Development

Organization (UNIDO)

Market Globalization

Cultural Aspects of Global Business

Product Innovation

International Market Research



Products for the International Market

International Marketing Managers Review Questions

Further Readings

UNIT-3 INTERNATIONAL TRADING

Introduction

Recent Trends and Developments in World Trade

Recent Trade Developments—Region- Wise Developments

International Trade and Government Regulations

Strategies for the Twenty-First Century in India

International Marketing Today

International Trade Transactions

Barter System or No Cash Business

Review Questions

Further Readings

UNIT-4 INTERNATIONAL PRICING

Introduction

Introduction

Pricing Formulae

Finalization Of Price

Review Questions

Further Readings

UNIT-5 INTERNATIONAL BUSINESS-TO-BUSINESS MARKETING

Introduction

Purchase Negotiations In Tender And Non-Tender Businesses

Government Tender Business

The Industrial Buying Process

International Industrial Marketing Research

Competition In Industrial Buying

Review Questions

Further Readings

UNIT-6 INTERNATIONAL MARKETING OF SERVICES

Introduction Intangibility

Responsibility of Service Quality

Management of Complaints

Response to Customer Complaints

Handling Complaints

Guarantee of Service

Customer Satisfaction to Customer Delight



Service Product Market Research

Review Question

Further Reading

UNIT-7 INTERNATIONAL STRATEGIC MARKETING

Introduction

Product Related Analysis

Competitive Analysis

Market Analysis

Strategic Marketing Planning Process

Business-To-Business Or Industrial Segmentation

Product Positioning

Managing Across The Product Life Cycle (PLC)

Costs, Volumes And Experience Curve

Market Share Strategy

Product Life Cycle—Growth Stage Strategy

Strategies For The Late Growth Stage In The Product Life Cycle

Strategies For The Maturity Stage Of The Product Life Cycle

Market Strategies In The Decline Stage Of The Product Life Cycle

Portfolio Management Analysis

The Ge Model

International Marketing Strategies

Planning International Marketing

Review Questions

Further Readings

UNIT-8 INTERNATIONAL STAKEHOLDERS

Introduction

The World Business Scene

Profits—The Bottom Line

Employees And Customers

A Firm’s Responsibility Towards Its Workers And Customers

Advertising And Promotion

Suppliers And Business Partners

Government And The Society

Environmental Issues

Review Questions

Further Readings

UNIT-9 INTERNATIONAL BRANDS

Primary Social Stakeholders

Secondary Social Stakeholders

Primary Non-Social Stakeholders And



Secondary Non-Social Stakeholders

International Brands

Projective Techniques

Types Of Projective Techniques

Problems Of Projective Techniques

Positioning Strategy

Use Of Best Practices

Integrated Focused Communication

Review Questions

Further Readings

UNIT-10 INTERNATIONAL MARKETING CONCEPTS

Market Segmentation

Products And Services

Relationship Marketing

Market Environment

Organizational Culture

Supply Chain Management

Markets—The Customers

The Market And Its Culture

Gaining And Retaining Customers

Corporate Vision

Cost Centre Or Profit Centre Approach Marketing Logistics

Market-Based Marketing Organization

Core Process-Based Organization

Making Teams With A Member From Each Area

Review Questions

Further Readings

UNIT-11 MARKET COMPETITIVE FORCES WORLDWIDE

Introduction

Competition Types

Competitive Advantage

Understanding Competition

Improving Market Share

Generic Product As Competitors

Market Share And Sales

The Complete International Marketing Plan

Marketing Myopia

Sales Target Planning

Rolling Plan

Marketing Strategy

Price–Quality Strategy

Review Questions

Further Readings



UNIT-12 ADVERTISING AND PROMOTION IN INTERNATIONAL MARKETS

Introduction

Advertising Agency

Public Relations Consultants

Objectives Of Advertising

Advertising Agency—Its Working In The New

Advertiser And The Agency Selection

Advertising Agency Selection Process

Agency Rating

Advertising Research And Defining Advertising Goals For Measuring Advertising

Results (DAGMAR)

Media Planning And Product Positioning

Cable Television And Satellite Channels

Advertising Budget

Product Launches

Creative Strategy—Art And Copy

International Advertising

Sales Promotion

Marketing, Advertising And Economy

Marketing And Society Review Questions

Further Readings

UNIT-13 INTERNATIONAL MARKETING RESEARCH

Introduction

Research Plan

Introduction To International Market Research

Marketing Research Objectives

Marketing Research Methods

Data Processing And Analysis

Review Questions

Further Readings

UNIT-14 INTERNATIONAL MANAGEMENT FOR MARKETING PERSONNEL

Introduction

Suitability Criteria for Staff

Knowledge of The Host Country

Seven S Model

International Information Exchange

Foreign Direct Investment (FDI)

Review Questions

Further Readings

SubjectName:INTERNATIONAL FINANCIAL MANAGEMENT

SubjectCode:MBA525 PaperCode:IFM






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Unit-1CORE CONCEPT OF INTERNATIONAL FINANCE MANAGEMENT

Unit–2 INTERNATIONAL BANKING AND FINANCE

Unit–3 STRUCTURE OF FOREIGN MARKET

Unit–4 INTERNATIONAL TRADE TRANSECTIONS

Unit–5 FOREIGN EXCHANGE RISK MANAGEMENT

Unit–6 BALANCE OF PAYMENT

Unit–7 CURRENCY AND INTEREST RATES

Unit–8 INTERNATIONAL CAPITAL BUDGETING

Unit–9 TAXATION



INTERNATIONAL FINANCIAL MANAGEMENT

UNIT-1 CORE CONCEPT OF INTERNATIONAL FINANCE MANAGEMENT

Learning Objectives

Why Study International Finance?

World Monetary System

Growth in World Trade In Past Five Decades

Foreign Direct Investment Opportunities

The Emerging Challenges

The Multinational Financial System

Functions of Financial Management

Relationship to Domestic Financial Management

The Importance of Total Risk

Universal Banking

Equity as a Source of External Finance

Review Questions

Further Readings

UNIT-2 INTERNATIONAL BANKING AND FINANCE

Introduction

Learning Objectives

Exchange Rate Regime

A Brief Historical Overview: The Gold Standard and The

Bretton Woods System

Exchange Rate Regimes: The Current Scenario

Is there an Optimal Exchange Rate Regime?

The International Monetary Fund (IMF)

Funding Facilities

International Liquidity and Special Drawing Rights (SDR)

The Role of IMF in the Post-Bretton Woods World

Special Leading Facilities and Policies

The Economic and Monetary Union (EMU)

Euro Markets

An Overview of Money Market Instruments

Review Questions

Further Readings

UNIT-3 STRUCTURE OF FOREIGN MARKET

Introduction

Learning Objectives

Foreign Exchange Market as a Central Trade Clearing House

Exchange Rate Definitions:

Important Note

Characteristics and Participants of the Foreign Exchange Market

Main Participants of Foreign

Exchange Market



The Spot Market

Exchange Rate Quotations and Arbitrage

Arbitrage in Spot Markets

Swaps in Foreign Exchange Markets

Exchange Rate Regime and Exchange Control

The Structure of the Indian Foreign Exchange Market

Exchange Rate Calculations

Forward Exchange Rates In India

Definition of an International Bank

International Trade in Banking Services

The Multinational Bank

The International Payments System

The Inter-banking Market

The Costs and Benefits of International Banking

Review Questions

Further Readings

UNIT-4 INTERNATIONAL TRADE TRANSECTIONS

Introduction

Learning Objective

Fundamental Equivalence Relationship

Bill of Lading

Determinations of Exchange Rates

Absolute Purchasing Power Parity

Relative Purchasing Power Parity

Purchasing Power Parity as a Model of Exchange Rate Behavior

Covered Interest Parity

Structural Models For Foreign Exchange And Exposure Rate

Capital Account Monetary Model

The Nature of Money and Currency Values

Central Bank Reputations and Currency Values

The Fundamentals of Central Bank Intervention

Foreign Exchange Market Intervention

The Equilibrium Approach to Exchange Rates

Conceptual Framework of Internationalization Process

Liberalization and Protectionism play a pivotal role in

Internationalization

Issues in the Internationalization Process Of Foreign Investment and International

Business

Evolution of Strategy in the Internationalization Process

Geographic Strategy in the Internationalization Process

Marketing in the Internationalization Process

Financial Market Imperfections

The Strategy of Multinational Enterprises

Designing a Global Expansion Strategy



Review Questions

Further Readings

UNIT-5 FOREIGN EXCHANGE RISK MANAGEMENT

Learning Objectives

Translation Exposure

Differences in Accounting Methods

Transactions Exposure

Accounting Treatment of Transaction and Translation Exposure

Economic Exposure

Natural Hedges

Cash Management and Adjusting Intercompany Accounts

International Bond Financing

Currency Options and Multiple Currency Bonds

Macro Factors Governing Exchange Rate Behavior

Review Questions

Further Readings

UNIT-6 BALANCE OF PAYMENT

Learning Objectives

Introduction

Accounting Principles in Balance of Payments

Components of Balance of Payments

The Current Account

The Capital Account

Collection, Reporting and Presentation of the Balance of

Payments Statistics

Balance of Payments Accounting and Accounts

Domestic Savings and Investment and the Capital Account

Meaning of “Deficit” and “Surplus” in the Balance of

Payments

Alternative Concepts of Surplus and Deficits

The Official Settlements Balance

Why are Bop Statistics Important?

Review Questions

Further Readings

UNIT-7 CURRENCY AND INTEREST RATES

Learning Objectives

Futures Contracts, Markets and the Trading Process

Major Features of Futures Contracts

Typical Currency Futures

The Futures Trading Process

Speculation with Currency Futures



Options on Spot, Options on Futures and Futures style

Options

Hedging with Currency Options

Futures Options

Empirical Studies of Option Pricing Models

Currency Options in India

Major Types of Swap Structures

Financial Swaps

Expected Inflation and Exchange Rate Changes

The Fisher Effect

The International Fisher Effect

Inflation Risk and Its Impact on Financial Markets

Inflation Risk And Currency Forecasting

Currency Forecasting

Forecasting Controlled Exchange Rates

Review Questions

Further Readings

UNIT-8 INTERNATIONAL CAPITAL BUDGETING

Learning Objectives

Net Present Value

The Adjusted Present Value (APV) Framework

Incremental Cash Flows

Cannibalization

Sales Creation

Opportunity Cost

Transfer Pricing

Fees and Royalties

Parent Versus Project Cash Flows

A Three Stage Approach

Estimating Incremental Project Cash Flows

Tax Factors

Adjusting the Discount Rate or Payback Period

Exchange Rate Changes and Inflation

Project Appraisal in the International Context

Foreign Project Appraisal: The Case of International Diesel

Corporation

Estimation of Project Cash Flows

Initial Investment Outlay

Financing IDCU.K.

Options Approach to Project Appraisal

The Practice of Cross Border Direct Investment Appraisal

The International Banking Crisis of 1982

Onset of the Crisis

The Baker Plan



The Brady Plan

Country Risk Analysis in International Banking

Country Risk and the Terms of Trade

The Government’s Cost/Benefit Calculus

Debt Service Measures

Review Questions

Further Readings

UNIT-9 TAXATION

Learning Objectives

Objective of Taxation on International Investment

Tax Neutrality

Tax Equity

Tax Treaties

Scope of Tax Charge

Place of Earning Income and Tax Liability

Foreign Tax Credit

Taxation of Multinational Investment Corporation

Additional Limitations

On the Foreign Tax Credit

Allocation of Income Rules

Tax Implications of Foreign Activities of Indian Enterprise

Tax Incentives for Earnings

Export of Goods or Merchandise outside India

Earnings in Convertible Foreign Exchange

Tax Implications of Activities of Foreign Enterprises in India

Double Taxation Relief

Bilateral Relief

Unilateral Relief

Transfer Pricing

Review Questions

Further Readings

SubjectName:INTERNATIONAL TRADE

SubjectCode:MBA526 PaperCode:IT






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Unit-1INTRODUCTORY TRADE ISSUES: HISTORY, INSTITUTIONS, AND

LEGAL FRAMEWORK

Unit–2 THE RICARDIAN THEORY OF COMPARATIVE ADVANTAGE

Unit–3 THE PURE EXCHANGE MODEL OF TRADE

Unit–4 FACTOR MOBILITY AND INCOME REDISTRIBUTION

Unit–5 THE HECKSCHER-OHLIN (FACTOR PROPORTIONS) MODEL

Unit–6 ECONOMIES OF SCALE AND INTERNATIONAL TRADE

Unit–7TRADE POLICY EFFECTS WITH PERFECTLY COMPETITIVE

MARKETS

Unit–8 DOMESTIC POLICIES AND INTERNATIONAL TRADE

Unit–9TRADE POLICIES WITH MARKET IMPERFECTIONS AND

DISTORTIONS

Unit–10 POLITICAL ECONOMY AND INTERNATIONAL TRADE

Unit–11EVALUATING THE CONTROVERSY BETWEEN FREE TRADE AND

PROTECTIONISM



INTERNATIONAL TRADE

UNIT-1 INTRODUCTORY TRADE ISSUES: HISTORY, INSTITUTIONS, AND

LEGAL FRAMEWORK

What Is International Economics?

Understanding Tariffs

Measuring Protectionism: Average Tariff Rates around the World

Problems Using Average Tariffs as a Measure of Protection

Recent Trade Controversies

Doha and WTO

Ambivalence about Globalization since the Uruguay Round

The Great Depression, Smoot-Hawley, and the Reciprocal Trade Agreements Act

(RTAA)

The General Agreement on Tariffs and Trade (GATT)

Most-Favoured Nation

National Treatment

Antisubsidy

The Uruguay Round

The Agreement on Agriculture (AOA)

The General Agreement on Trade in Services (GATS)

The Agreement on Textiles and Clothing (ATC)

Trade-Related Aspects of Intellectual Property Rights (TRIPS)

Other Agreements

The World Trade Organization

The Dispute Settlement Process

Dispute Settlement History

Review Questions

Further Readings

UNIT-2 THE RICARDIAN THEORY OF COMPARATIVE ADVANTAGE

Introduction

The Reasons for Trade

The Theory of Comparative Advantage: Overview

Ricardo’s Numerical Example

The Ricardian Model: Assumptions and Results

Defending against Skeptics: The Intuition behind the Theory of Comparative

Advantage

A Gardening Story

Interpreting the Theory of Comparative Advantage

Ricardian Model Assumptions

Factor Mobility



The Ricardian Model Production Possibility Frontier

Comparative Advantage

A Ricardian Numerical Example

Relationship between Prices and Wages

Deriving the Autarky Terms of Trade

The Motivation for International Trade and Specialization

Welfare Effects of Free Trade: Real Wage Effects

The Welfare Effects of Free Trade: Aggregate Effects

Review Questions

Further Readings

UNIT-3 THE PURE EXCHANGE MODEL OF TRADE Introduction

Determinants of the Terms of Trade

Example of a Trade Pattern Three Traders and Redistribution with Trade

Three Traders with International Trade

The Nondiscrimination Argument for Free Trade

Review Questions

Further Readings

UNIT-4 FACTOR MOBILITY AND INCOME REDISTRIBUTION Introduction

Factor Mobility Overview

Domestic Factor Mobility

Time and Factor Mobility

Immobile Factor Model Overview and Assumptions

The Production Possibility Frontier in the Immobile Factor

Depicting a Free Trade Equilibrium in the Immobile Factor Model

Effect of Trade on Real Wages

Intuition of Real Wage Effects

Interpreting the Welfare Effects

Review Questions

Further Readings

UNIT-5 THE HECKSCHER-OHLIN (FACTOR PROPORTIONS) MODEL Introduction

The Main Results of the H-O Model

Heckscher-Ohlin Model Assumptions

The Production Possibility Frontier (Fixed Proportions)

The Rybczynski Theorem

The Magnification Effect for Quantities

The Stolper-Samuelson Theorem



The Magnification Effect for Prices

The Heckscher-Ohlin Theorem

The Distributive Effects of Free Trade in the Heckscher- Ohlin Model

The Compensation Principle

Factor-Price Equalization

The Specific Factor Model: Overview

The Specific Factor Model Dynamic Income Redistribution and Trade

Review Questions

Further Readings

UNIT-6 ECONOMIES OF SCALE AND INTERNATIONAL TRADE Introduction

Economies of Scale and Returns to Scale

Monopolistic Competition

Model Assumptions: Monopolistic Competition

The Effects of Trade in a Monopolistically Competitive Industry

The Costs and Benefits of Free Trade under Monopolistic Competition

Review Questions

Further Readings

UNIT-7 TRADE POLICY EFFECTS WITH PERFECTLY COMPETITIVE

MARKETS Introduction

Basic Assumptions of the Partial Equilibrium Model

The Welfare Effects of Trade Policies: Partial Equilibrium

Import Tariffs: Large Country Price Effects

Import Tariffs: Large Country Welfare Effects

The Optimal Tariff

Import Tariffs: Small Country Price Effects

Import Tariffs: Small Country Welfare Effects

Retaliation and Trade Wars

Import Quotas: Large Country Price Effects

Import Quota: Large Country Welfare Effects

Import Quota: Small Country Price Effects

Import Quota: Small Country Welfare Effects

The Choice between Import Tariffs and Quotas

Export Subsidies: Large Country Price Effects

Export Subsidies: Large Country Welfare Effects

Countervailing Duties

Voluntary Export Restraints (VERs): Large Country Price Effects

Administration of a Voluntary Export Restraint

Voluntary Export Restraints: Large Country Welfare Effects



Export Taxes: Large Country Price Effects

Review Questions

Further Readings

UNIT-8 DOMESTIC POLICIES AND INTERNATIONAL TRADE Introduction

Types Of Domestic Policies

Domestic Production Subsidies

Production Subsidies as a Reason for Trade

Production Subsidy Effects in a Small Importing Country

Domestic Consumption Taxes

Consumption Taxes as a Reason for Trade

Consumption Tax Effects in a Small Importing Country

Review Questions

Further Readings

UNIT-9 TRADE POLICIES WITH MARKET IMPERFECTIONS AND

DISTORTIONS Introduction

Imperfections and Distortions Defined

The Theory of the Second Best

Unemployment and Trade Policy

The Case of a Foreign Monopoly

Monopoly and Monophony Power and Trade

Trade and the Environment

Review Questions

Further Readings

UNIT-10 POLITICAL ECONOMY AND INTERNATIONAL TRADE Introduction

Some Features of a Democratic Society

The Economic Effects of Protection: An Example

The Consumers’ Lobbying Decision

The Producers’ Lobbying Decision

The Government’s Decision

The Lobbying Problem in a Democracy

Review Questions

Further Readings

UNIT-11 EVALUATING THE CONTROVERSY BETWEEN FREE TRADE AND

PROTECTIONISM Introduction

Economic Efficiency Effects of Free Trade

Free Trade and the Distribution of Income



The Case For Selected Protection

The Economic Case against Selected Protection

Review Questions

Further Readings

SubjectName:INTERNATIONAL FINANCE

SubjectCode:MBA527 PaperCode:IF






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UNIT ChapterName

Unit-1INTRODUCTORY FINANCE ISSUES: CURRENT PATTERNS, PAST

HISTORY, AND INTERNATIONAL INSTITUTIONS

Unit–2NATIONAL INCOME AND THE BALANCE OF PAYMENTS

ACCOUNTS

Unit–3 THE WHOLE TRUTH ABOUT TRADE IMBALANCES

Unit–4 FOREIGN EXCHANGE MARKETS AND RATES OF RETURN

Unit–5 INTEREST RATE PARITY

Unit–6 PURCHASING POWER PARITY

Unit–7 INTEREST RATE DETERMINATION

Unit–8 NATIONAL OUTPUT DETERMINATION

Unit–9 THE AA-DD MODEL

Unit–10 POLICY EFFECTS WITH FLOATING EXCHANGE RATES

Unit–11 FIXED EXCHANGE RATES

Unit–12 POLICY EFFECTS WITH FIXED EXCHANGE RATES

Unit–13 FIXED VERSUS FLOATING EXCHANGE RATES



INTERNATIONAL FINANCE

UNIT-1 INTRODUCTORY FINANCE ISSUES: CURRENT PATTERNS, PAST

HISTORY, AND INTERNATIONAL INSTITUTIONS

Introduction

The International Economy and International

Economics

What Is International Economics?

DP, Unemployment, Inflation, and Government Budget Balances

Gross Domestic Product around the World

Unemployment and Inflation around the World

Government Budget Balances around the World

Trade Balances and International Investment Positions

Business Cycles: Economic Ups and Downs

The Recession of 1980–1982

The Great Depression

International Macroeconomic Institutions: The IMF and the World Bank

Review Questions

Further Readings

UNIT-2 NATIONAL INCOME AND THE BALANCE OF PAYMENTS

ACCOUNTS

National Income and Product Accounts

National Income or Product Identity

The Role of Imports in the National Income Identity

U.S. National Income Statistics (2007–2008)

Balance of Payments Accounts: Definitions

Merchandise Trade Balance

GDP versus GNP

Financial Account Balance

Recording Transactions on the Balance of Payments

A Simple Exchange Story

Important Lessons from the Exchange Story

The Twin-Deficit Identity

International Investment Position

The U.S. International Investment Position

Review Questions

Further Readings



UNIT-3 THE WHOLE TRUTH ABOUT TRADE IMBALANCES Overview of Trade Imbalances

Trade Imbalances and Jobs

The National Welfare Effects of Trade Imbalances

The Individual Analogy

Some Further Complications

How to Evaluate Trade Imbalances

The International Investment Position

Four Trade Imbalance Scenarios

Review Questions

Further Readings

UNIT-4 FOREIGN EXCHANGE MARKETS AND RATES OF RETURN Introduction

The Forex: Participants and Objectives

Importers and Exporters

Investment Objectives

Exchange Rate: Definitions

Currency Value

Other Exchange Rate Terms

Calculating Rate of Returns on International Investments

U.S. Rate of Return

Interpretation of the Rate of Return Formula

Applying the Rate of Return Formulas

Review Questions

Further Readings

UNIT-5 INTEREST RATE PARITY Introduction

Overview of Interest Rate Parity

Interest Rate Parity Condition

Interest Rate Parity Theory

Comparative Statics in the IRP Theory

Exchange Rate Equilibrium Stories with the RoR Diagram

Exchange Rate Too Low

Review Questions

Further Readings

UNIT-6 PURCHASING POWER PARITY Introduction

Overview of Purchasing Power Parity (PPP)



The Law of One Price (LoOP)

From LoOP to PPP

The Consumer Price Index (CPI) and PPP

PPP Using the CPI

PPP as a Theory of Exchange Rate Determination

PPP Equilibrium Story

Adjustment to Price Level Changes under PPP

Problems and Extensions of PPP

Relative PPP

PPP in the Long Run

Overvaluation and Undervaluation

Over- and Undervaluation with Respect to Current Account Balance

PPP and Cross-Country Comparisons

Review Questions

Further Readings

UNIT-7 INTEREST RATE DETERMINATION contents

introduction

review questions

further readings

introduction

UNIT-8 NATIONAL OUTPUT DETERMINATION Introduction

Introduction

Overview of National Output Determination

Consumption Demand

Linear Consumption Function

Investment Demand

Government Demand

Export and Import Demand

The Aggregate Demand Function

The Keynesian Cross Diagram

Goods and Services Market Equilibrium Stories

GNP Too High

GNP Too Low

Effect of an Increase in Government Demand on Real GNP

Effect of an Increase in the U.S. Dollar Value on Real GNP

The J-Curve Effect

Review Questions

Further Readings



UNIT-9 THE AA-DD MODEL Introduction

Overview of the AA-DD Model

Derivation of the DD Curve

A Note about Equilibriums

Shifting the DD Curve

Derivation of the AA Curve

A Note about Equilibriums

Shifting the AA Curve

Super equilibrium: Combining DD and AA

Adjustment to the Super equilibrium

Reduction in Investment

Increase in Foreign Interest Rates

AA-DD and the Current Account Balance

Iso-CAB Line

Justifying the Shape of the Iso-CAB Line

Using the Iso-CAB Line

Review Questions

Further Readings

UNIT-10 POLICY EFFECTS WITH FLOATING EXCHANGE RATES Introduction

Overview of Policy with Floating Exchange Rates

Connections

Monetary Policy with Floating Exchange Rates

Expansionary Monetary Policy

Quick Result

Transition Description

Complete Adjustment Story

Contractionary Monetary Policy

Expansionary Fiscal Policy

Quick Result

Transition Description

Complete Adjustment Story

Contractionary Fiscal Policy

Expansionary Monetary Policy with Floating Exchange

Rates in the Long Run

Partial Detail

Foreign Exchange Interventions with Floating

Exchange Rates

Indirect Forex Intervention



Direct Forex Intervention

Indirect Effect of Direct Forex Intervention

Sterilized Forex Interventions

Review Questions

Further Readings

UNIT-11 FIXED EXCHANGE RATES Introduction

Overview of Fixed Exchange Rates

Fixed Exchange Rate Systems

Price-Specie Flow Mechanism

Reserve Currency Standard

Gold Exchange Standard

Other Fixed Exchange Rate Variations

Interest Rate Parity with Fixed Exchange Rates

Balance of Payments Deficits and Surpluses

Black Markets

Review Questions

Further Readings

UNIT-12 POLICY EFFECTS WITH FIXED EXCHANGE RATES Introduction

Overview of Policy with Fixed Exchange Rates

Monetary Policy with Fixed Exchange Rates

Expansionary Monetary Policy

Concretionary Monetary Policy

Fiscal Policy with Fixed Exchange Rates

Expansionary Fiscal Policy

Concretionary Fiscal Policy

Exchange Rate Policy with Fixed Exchange Rates

Devaluation

Revaluation

Concretionary Monetary Policy by the Reserve Country

Currency Crises and Capital Flight

Borrowing Reserves

Capital Flight

Return to Float

Review Questions

Further Readings

UNIT-13 FIXED VERSUS FLOATING EXCHANGE RATES Introduction



Overview of Fixed versus Floating Exchange Rates

Exchange Rate Volatility and Risk

Exchange Rate Risk for Traders

Exchange Rate Risk for Investors

Volatility and the Choice of Exchange Rate System

Inflationary Consequences of Exchange Rate Systems

Monetary Autonomy and Exchange Rate Systems

Which Is Better: Fixed or Floating Exchange Rates?

Prudent Monetary and Fiscal Policies

Review Questions

Further Readings

SubjectName: VALUES AND ETHICS IN MANAGEMENT

SubjectCode:MBA528 PaperCode:VEM






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Unit-1THE RESPONSIBLE BUSINESS ENTERPRISE

Unit–2 THE BUSINESS ETHICS PROGRAM

Unit–3 STRUCTURING THE BUSINESS ETHICS PROGRAM

Unit–4 PUTTING BUSINESS ETHICS INTO PRACTICE

Unit–5 ACHIEVING RESPONSIBLE BUSINESS CONDUCT

Unit–6 BUSINESS ETHICS INFRASTRUCTURE

Unit–7 BUSINESS ETHICS COMMUNICATIONS AND FEEDBACK

Unit–8 ALIGNING THE RESPONSIBLE BUSINESS ENTERPRISE

Unit–9 RESPONSIBLE BUSINESS CONDUCT AND PRACTICES

Unit–10 PROGRAM EVALUATION AND ORGANIZATIONAL LEARNING



VALUES AND ETHICS IN MANAGEMENT

UNIT-1 THE RESPONSIBLE BUSINESS ENTERPRISE

Introduction

Responsible Business Conduct in a Market Economy

Enterprise Purpose and Profit

Business Enterprise Stakeholders

The Business Ethics Program

Triple Bottom Line

The Global Marketplace

Responsible Business as Part Of The Solution

The Small to Medium-Sized Enterprise

Legacies of Central Planning

Market-Oriented Legislative, Procedural, and Institutional Tools Did Not Exist

Development of Market-Oriented Institutions

The Individual Business in an Emerging Market Economy

Improving Business Performance

Helping Build Social Capital

Working With Leaders In Business, Government, And Civil Society

Review Questions

Further Readings

UNIT-2 THE BUSINESS ETHICS PROGRAM

Introduction

Improving Business Performance

Enhanced Reputation and Goodwill

Reduced Risks

Reduced Costs

Protection from Unethical Employees and Agents

Enhanced Performance, Productivity, and Competitive Position

Sample vendor Code

Expanded Access to Capital, Credit, And Foreign Investment

Increased Profits and Sustained Long-Term Growth

Increased International Respect

Social Responsibility

Ultra-Social Responsibility

Concern For The Community

Responsible Business Conduct Is Good Management

Special Opportunities for Small To Medium-Sized Enterprises



Emerging Global Standards

Review Questions

Further Readings

UNIT-3 STRUCTURING THE BUSINESS ETHICS PROGRAM

Introduction

Planning, Strategy, And the Business Ethics Program

Corporate Social Responsibility and the SME

Establishing the Nature of the Program

Orientation of the Program

Considerations For The Small To Medium-Sized Enterprise

Compliance Level

Risk Management Level

Reputation Enhancement Level

Value-Added Level

Understanding An Enterprise’s Strengths And Weaknesses

Differentiate Between Governance and Management

Build On Strengths

Mobilize the Entire Enterprise Around Core Beliefs

Using The RBE Worksheets

Review Questions

Further Readings

UNIT-4 PUTTING BUSINESS ETHICS INTO PRACTICE

Introduction

Planning an Effective Business Ethics Program

Essential Characteristics of Enterprises

Expected Program Outcomes

Benchmarks and Baselines

Employee Misconduct

Importance of Context

Scanning the Enterprise’s Internals

Business Ethics Program Logic Model

Review Questions

Further Readings

UNIT-5 ACHIEVING RESPONSIBLE BUSINESS CONDUCT

Introduction

Standards and Procedures

How the RBE Differs From Other Enterprises

Setting Employee Expectations



Responsible Governance

Responsible Governance Process

Policy Governance Commitment

Board–Management Delegation

Principles For Setting Management Standards, Procedures, And Expectations

Core Values

Vision of a Desired Future

Guiding Principles

Royal Dutch/Shell’s Economic Principles

Code of Conduct

Basic Principle

Responsible Business Conduct Policies

Typical Code of Conduct Provisions

Business Ethics Program

Review Questions

Further Readings

UNIT-6 BUSINESS ETHICS INFRASTRUCTURE

Introduction

Importance of business ethics infrastructure

Responsibility functions

Business ethics infrastructure for the same

Infrastructure for owner representatives

High-level responsibility

Ethics and business conduct

Business ethics officer

Business ethics council

Professional ethics council

Business conduct representatives

Related executive and department functions

Business conduct representatives

Individual responsibility

Review Questions

Further Readings

UNIT-7 BUSINESS ETHICS COMMUNICATIONS AND FEEDBACK

Introduction

Communicating and Providing Feedback

Developing A Communications Program

Communicating Standards, Procedures, And

Expectations

Creating A Training Program

Delivering The Training Program

Using The Modes Of Training



Updating And Modifying The Training Program

Managing Training Administration

Ensuring Members Follow Standards And Meet

Expectations

Employees Seeking Advice And Reporting

Concerns

The Organizational Ombudsman

Policies And Procedures For Investigations

External Stakeholder Engagement

Review Questions

Further Readings

UNIT-8 ALIGNING THE RESPONSIBLE BUSINESS ENTERPRISE

Introduction

Understanding the Importance of Alignment

Business Ethics Programs and Business Planning

Having Responsible Owners, Managers, And

Supervisors

Hiring the Right People

Placing People in the Right Positions

Retaining the Right People

Dealing With the Wrong People

Encouraging Employees to Follow Standards and Procedures

Need For Recognition

Reward Systems

Discipline Systems

Dealing With Mistakes, Misconduct, Or Misunderstandings

Dealing With Mistakes and Failures

Dealing With Misconduct or Serious Harm To Stakeholders

Cooperation with the Government

Handling Misunderstandings and Other Crises

Modifying the Business Ethics Program

Review Questions

Further Readings

UNIT-9 RESPONSIBLE BUSINESS CONDUCT AND PRACTICES

Introduction

Challenges to The Responsible Business Enterprise

Relationships with Government Officials And Entities

Reducing Corruption, Bribery, and Extortion

Government Anticorruption Policies

Encouraging Government Standards And Procedures

Role Of The Private Sector In The Regulatory Process



Improperly Influencing Government

Properly Influencing Government

International Center For Entrepreneurial Studies

Government Contracting And Procurement

Challenges In Government Contracting

Model Procurement Standards

Integrity Pacts

Business Ethics And Conduct In Contracting With The United

States Government

Role of Voluntary Action

Levelling The Business Playing Field

Participating In Community Development

Forming Charitable Foundations

Relationships With Foreign Governments And Businesses

Combating Bribery Of Foreign Officials

Adhering To Anti–Money Laundering Provisions

Protecting The Environment

Review Questions

Further Readings

UNIT-10 PROGRAM EVALUATION AND ORGANIZATIONAL LEARNING

Introduction

Importance of Program Evaluation

Enterprises Should Evaluate Their Programs Performance Measurement

Program Evaluation and the Small to Medium- Sized Enterprise

Measuring Program Performance

Defining the Purpose Of Program Evaluation

Scanning the Relevant Context

Tracking Organizational Culture

Evaluating the Process

Defining Expected Program Outcomes

Measurable Factors of Organizational Culture

Developing a Data Collection Plan

Measurable Program Outcomes

Reporting Program Performance

Reporting To External Stakeholders

Building Reporting Credibility

Determining Format

Reporting Content

Organizational Learning

New Beginning

Basic Guidelines for Codes of Business Conduct



Principles in Personal and Professional Relations

Prevention of Extortion and Bribery

Creation of a Culture That Fosters Sound

Business Standards and Corporate Practices

Recommendations for Implementation of These Guidelines

Review Questions

Further Readings

Documents

DIRECTORATE OF DISTANCE EDUCATION …...Subject Name: INTERNATIONAL BUSINESS MANAGEMENT Subject Code: MBA 522 Paper Code: IBM DIRECTORATE OF DISTANCE EDUCATION INTEGRAL UNIVERSITY,