International Business (in English)
- Credits: 5
- Ending: Examination
- Range: 2P + 2C
- Semester: winter
- Year: 3
- Faculty of Commerce
Teachers
Included in study programs
Teaching results
Students will possess following abilities:
- understanding the genesis and nature of the key theoretical framework of international trade,
- basic terminology and connections between concepts in the field of foreign trade, international
trade and international business,
- territorial and commodity (sectoral) structure of international trade,
- definition and development trends in the field of foreign direct investment, international economic
integration, foreign trade policy, payment instruments within international trade and the specifics
of international transportation,
- current state, structure and problematic aspects of foreign trade of the Slovak Republic.
Students will obtain following skills:
- identification of basic platforms, publicly available databases and different classifications for
international trade and foreign direct investment reporting,
- to orientate in the competencies, goals, mission and basic bodies of institutions operating in
international trade,
- orientation in possible barriers to import and forms of export subsidies of a Slovak entrepreneur.
Students will gain following competences:
- orientation in the basic databases of international trade statistics (Eurostat, UNCTAD, WTO, etc.)
as well as basic analytical materials in the field,
- the ability to independently name and design a suitable method of entry of companies into foreign
markets, depending on the location of production and capital intensity,
- defining possible barriers to entry mode onto foreign markets and opportunities to support
exporters,
- communication and presentation of own thematic analytical study in the field of international
trade.
Indicative content
Theoretical introduction and explanation of international trade, motivation of the companies
for doing business in an international business environment. Territorial structure and current
trends in the development of international trade. Trade creating and averting effects of regional
economic integration. The impact of import restrictions and pro-export policy instruments on the
company's competitiveness within 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 incentives and measures to support
exports of a Slovak entrepreneur.
Support literature
1. 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.
2. HILL, Ch. International Business. Competing in the Global Marketplace. McGraw-Hill Education Ltd., 2020. ISBN 978-12-6026-258-2
3. KITTOVÁ, Zuzana – STEINHAUSER, Dušan – DRIENIKOVÁ Kristína. Determinants of Domestic Value Added in Exports of the EU Countries. Acta Oeconomica: Periodical of the Hungarian Academy of Sciences. Budapest: Akadémiai Kiadó, 2023. 73(2), 285-303. ISSN 0001-6373.
4. RUŽEKOVÁ, Viera – KITTOVÁ, Zuzana – STEINHAUSER, Dušan. Export Performance as a Measurement of Competitiveness. Journal of Competitiveness: Scientific Journal from the Field of Management and Economics. Zlín: Fakulta managementu a ekonomiky Univerzity Tomáše Bati ve Zlíně, 2020. (1), 145-160. ISSN 1804-1728.
5. 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.
6. 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.
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 possible modes of entering foreign markets for the companies. 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. Theoretical definition, forms and effects. 8. Payment instruments in international trade from the perspective of the entrepreneur. 9. Specifics of international transport and logistics. 10. International trade operations. Possibilities of entering foreign markets from the point of view of the entrepreneur. 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 within the global value chains and the place of foreign trade within the knowledge economy. 13. Simulation of import and export business case for a company.
Requirements to complete the course
• 10% - Active participation within seminars
• 30% - Semester work
• 60% - final exam
Student workload
Total: study load 5 credits x 26 h = 130 hours
Separate study load for individual educational activities:
Attendance at lectures: 26 hours
Attendance at seminars: 26 hours
Preparation for seminars and semester work: 26 hours
Preparation for the final exam: 52 hours
Language whose command is required to complete the course
English
Date of approval: 09.02.2023
Date of the latest change: 05.03.2024