International Business
- Credits: 6
- Ending: Examination
- Range: 2P + 2C
- Semester: winter
- Year: 2
- Faculty of International Relations
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 and foreign market expansion modes for the Slovak entrepreneur.
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,
- critical evaluation of sources and studies (domestic and foreign), processing of comprehensive analytical material in the field of foreign trade and presentation of the results,
- 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 basic framework and issues of international trade. Territorial structure and current trends in the development of international trade. Trade creating and averting effects of economic integration. The position of foreign trade policy in the economic policy of the state and its instruments. Forms of penetration into foreign markets from the point of view of the entrepreneur. Fundamentals of international financing and payment instruments. Logistics in international trade. Participation in foreign trade, institutional support of company exports. The company's competitiveness in foreign trade and its position within global value chains.
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. Foreign trade functions. International trade - territorial and commodity structure, current development trends, position of European exporters. 3. The institutional framework for international trade (GATT, WTO), the relationship between openness of the economy and economic growth. 4. Foreign trade policy. Definition, types, historical development. EU instruments and common commercial policy. Consequences for a Slovak businessman. 5. Regional economic integration. Theoretical definition, forms and effects. Current developments and relationship to the competitiveness of economies and companies. 6. Entry modes to foreign markets from the entrepreneur's point of view. International trade operations. 7. Balance of payments and foreign trade. Payment instruments in international trade from the perspective of the entrepreneur. 8. International transport and international logistics. 9. Foreign trade of the Slovak Republic, export competitiveness of Slovak exporters. Status, specifics and role of export policy. 10. Institutional export support in the Slovak Republic. 11. Participation of Slovak companies in global value chains and the place of foreign trade in the knowledge economy. 12. Competitiveness of the company in foreign trade and major determinants. 13. Simulation of import and export business case for the entrepreneur.
Requirements to complete the course
• 10% - active participation within seminars
• 15% - semester work and its presentation
• 15% - seminar test
• 60% - final exam
Student workload
Total: study load 6 credits x 26 h = 156 hours
Separate study load for individual educational activities:
Attendance at lectures: 26 hours
Attendance at seminars: 26 hours
Preparation for seminars: 26 hours
Semester work (written): 26 hours
Preparation for the final exam: 52 hours
Language whose command is required to complete the course
Slovak, English
Date of approval: 08.02.2023
Date of the latest change: 05.03.2024