International Business

  • Credits: 6
  • Ending: Examination
  • Range: 2C
  • Semester: summer
  • Year: 1
  • Faculty of Economic Informatics

Teachers

Included in study programs

Accounting

Teaching results

Students will possess following abilities:
- understanding of evolution and the nature of key theories in international trade,
- fundamental terminology and links between concepts in the field of foreign trade, international trade and international business,
- territorial and commodity (sectoral) structure of international trade in the historical context and in the present,
- definition and developments in the field of foreign direct investment, international economic integration, the foreign trade policy, basics of stock exchange trading and balance of payments features,
- status quo, structure and issues in foreign trade of the Slovak Republic.
Students will obtain following skills:
- identification of fundamental systems, open access databases and various classifications for international trade and foreign direct investment flows,
- familiarity with the status, mission and key bodies of institutions operating in international trade,
- orientation in possible barriers to imports and forms of export support of a Slovak entrepreneur.
Students will gain following competences:
- familiarity with key databases of international trade statistics (Eurostat, UNCTAD, WTO, etc.) as well as key analytical materials in the field,
- capability to autonomously identify an adequate entry mode for companies entering foreign markets in line with the location of production and capital intensity,
- familiarity with barriers to foreign market entry and opportunities for export promotion,
- communication and presentation of own analysis in the field of international trade.

Indicative content

Theoretical introduction and explanation of international trade, motivation of companies for business activities within the international business environment. Territorial structure and current trends in the development of international trade. Trade creating and averting effect of economic integration. The impact of import restrictions and pro-export policy measures on the company's competitiveness in international business. Foreign direct investment, transnational corporations and their effect on international trade. Forms of penetration into foreign markets from the point of view of the entrepreneur. Payment instruments, international transportation. Competitiveness of Slovak companies in international trade and measures to support exports of the Slovak entrepreneurs.

Support literature

1. ZÁBOJNÍK, Stanislav – ČIDEROVÁ, Denisa. Medzinárodný obchod - repetitórium. Žilina: EDIS-vydavateľské centrum ŽU, 2020. 181 s. ISBN 978-80-554-1722-6.
2. HILL, Ch. International Business. Competing in the Global Marketplace. McGraw-Hill Education Ltd., 2020. ISBN 978-12-602-6258-2.
3. STEINHAUSER, Dušan – BOROS, Kamil. Kam tečú slovenské exporty, pán Newton? Inštitút hospodárskych analýz Ministerstva hospodárstva SR, 2022.
4. STEINHAUSER, Dušan – KITTOVÁ, Zuzana –KHÚLOVÁ, Lucia. Relationship Between CO2 Emissions and Trade: The Case of the EU. Intereconomics, 2024. 59(1): 41-47 DOI: 10.2478/ie-2024-0009. ISSN 1613-964X.
5. STEINHAUSER, Dušan. Where Does Value-Added Flow in Gross Exports, Mr. Newton? Global Supply Chains and New Regionalization's Effects in the Asia-Pacific. Journal of Economic Integration. Seoul: Center for Economic Integration, 2023, 38(3), 335-359. ISSN 1225-651X.
6. ZÁBOJNÍK, Stanislav –ČIDEROVÁ, Denisa – KRAJČÍK, Daniel. Competitiveness in International Business: Challenges for the EU Economies. Praha: Wolters Kluwer ČR, 2020. 272 s. ISBN 978-80-7676-006-6.
7. ZÁBOJNÍK, Stanislav – STEINHAUSER, Dušan – PEŠTOVÁ, Viktória. EU Decarbonisation: Do EU Electricity Costs Harm Export Competitiveness? Amfiteatru economic. Bucharest: Editura ASE, 2023. 25(63), 522-540. ISSN 1582-9146.

Syllabus

1. Globalization of international business. International trade - theoretical background. 2. Motivation and modes of companies penetration on foreign markets. 3. International trade - territorial and commodity structure, contemporary development trends. 4. Institutional framework for international trade (GATT, WTO). Regulation of foreign trade at the state and company level. 5. Foreign trade policy. Definition, types, historical development. 6. Foreign trade policy. Instruments and their impact on the price competitiveness of the importer / exporter. TARIC. 7. Regional economic integration. Definition, forms and effects. 8. Payment instruments in international trade from the perspective of the entrepreneur. 9. Specifics of international transportation and logistics. 10. International trade operations. Possibilities of entering foreign markets from the entrepreneur's point of view. 11. Foreign trade of the Slovak Republic, export competitiveness of Slovak exporters. Status, specifics and role of pro-export policy. 12. Institutional export support in the Slovak Republic. Participation of Slovak companies in global value chains and the place of foreign trade in the knowledge economy. 13. Simulation of import and export business case for the company.

Requirements to complete the course

10% - active participation in seminars;
30% - semestral work and its presentation
60% - final exam

Student workload

Total: study load 5 credits x 26 h =156 h
Attendance at seminars: 26 hours
Individual preparation for seminars and semestral work: 65 hours
Preparation for the final exam: 65 hours

Language whose command is required to complete the course

Slovak language, English language

Date of approval: 08.02.2023

Date of the latest change: 05.03.2024