The economics and management of international business (5087) |
| Credits: 12,0 | | Study load hours: 324 | Period: semester 1 (12sp)  |
| Language of instruction: English | | Exam contract: not possible |
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Basic knowledge of micro and macro economics (indication: 2x 3EC at the level of BSc management/business)
Basic knowledge of strategy, organizational behavior and marketing (indication 3 x 3EC at the level of BSc management/business)
Basic knowledge of statistics (6EC at BSc level)
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This course develops a medium-to-advanced level of knowledge and competencies related to (1) international economics and governmental policy-making; (2) international business strategic decision-making; and (3) decision-making on international issues in the context of the classic functional management domains. The course splits in two parts. Part A deals with international economics as the foundation of international business strategy. Part B develops international business strategy landing at the level of functional management domains.
Part A: In the part ‘Economics of IB’ we explore the most important models and concepts of international trade, including classic and new trade theory and the analysis of trade policies. We investigate why firms trade, what they trade, and how trade affects aggregate welfare and inequality. We examine the relationship between international trade and the UN environment agenda. Further, the course covers key institutional aspects of international trade, such as trade policy, the functioning of the GATT/WTO and the trade policies of the EU. We will also address some of the main contemporary debates of trade policy: new deep trade agreements and their consequences, foreign direct investment, exchange rate regimes, and debt crises. Limited economic empirical analysis will be incorporated into lectures. Each topic starts with some empirical stylized facts before discussing theory. Throughout the course, students apply theory and models as tools for policy-making case studies.
Part B: In this part we explore how firms compete globally, focusing on international business strategy and the role of firm-specific and location advantages. We examine how multinational enterprises (MNEs) structure their networks, balancing home-country strengths with host-country challenges. Key topics include international innovation, entry mode dynamics (e.g., foreign distributors, alliances, M&As), cross-border marketing and also cover international sourcing and production, global finance, and reporting. The course integrates empirical research, case studies, and real-world illustrations, ensuring students apply theory to contemporary global challenges.
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| Compulsory textbooks (bookshop) |
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Beugelsdijk, S., Brakman, S., Garretsen, H., van Marrewijk, C., & Murtinu, S. (2023). International Economics and Business: Nations and Firms in the Global Economy. (3rd ed.) Cambridge University Press.
ISBN: 9781009427692
Verbeke, A., I.H. Ian Lee (2021) International Business Strategy (3rd ed.) Cambridge University Press.
ISBN: 9781108738378 |
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| Compulsory course material |
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A bundle of articles will be provided through Blackboard. |
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Case session ✔
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Lecture ✔
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Response lecture ✔
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Case study ✔
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Discussion/debate ✔
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Exercises ✔
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Group work ✔
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Homework ✔
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Presentation ✔
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Semester 1 (12,00sp)
| Evaluation method | |
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| Other evaluation method during teaching period | 30 % |
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| Other | Several individual and group assignment (written paper and oral
presentation). More detailed information in the course guide. |
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| Transfer of partial marks within the academic year | Yes, with condition |
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| Conditions transfer of partial marks within the academic year | if partial grade is at least 10/20 |
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| Written exam | 70 % |
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| Transfer of partial marks within the academic year | Yes, with condition |
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| Conditions transfer of partial marks within the academic year | if exam grade is at least 10/20 |
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| Multiple-choice questions, no correction for guessing | ✔ |
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Second examination period
| Evaluation second examination opportunity different from first examination opprt | |
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| Explanation (English) | In case of a resit on group assignment(s), individual alternatives will
be defined. |
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Learning outcomes | EC = learning outcomes DC = partial outcomes BC = evaluation criteria |
Master of Business Administration
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- EC
| EC 10: The holder of the degree integrates the perspective of stakeholders when making decisions in an organizational context. (Stakeholder awareness) | - EC
| EC 11: The holder of the degree formulates proposals for operational improvements, taking account of the regional and/or (inter)national policy and business context. (Stakeholder awareness) | - EC
| EC 12: The holder of the degree reflects on the conduct of business from an ethical and sustainability perspective. (Stakeholder awareness) | - EC
| EC 13: The holder of the degree is able to answer complex management questions in a critical and academically grounded way, taking into account different management domains. (Problem-solving capacity) |
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Master of Business Economics
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- EC
| EC 10: The holder of the degree integrates the perspective of stakeholders when making decisions in an organizational context. (Stakeholder awareness) | - EC
| EC 11: The holder of the degree formulates proposals for operational improvements, taking account of the regional and/or (inter)national policy and business context. (Stakeholder awareness) | - EC
| EC 12: The holder of the degree reflects on the conduct of business from an ethical and sustainability perspective. (Stakeholder awareness) | - EC
| EC 13: The holder of the degree is able to engage in conceptual and analytical thinking to solve strategic policy issues, drawing on business conceptual frameworks. (Problem-solving capacity) | - EC
| EC 15: The holder of the degree is able to apply in-depth insights and argumentation methods from business science and relevant supporting and/or related disciplines in solving strategic policy issues. (Problem-solving capacity) | - EC
| EC 16: The holder of the degree is able to develop and adapt an organisation’s strategic policy with a view to creating value for the business and/or society. (Programme-specific competencies) | - EC
| EC 17: The holder of the degree is able to respond to changing environmental factors that have an impact on an organisation and its policy. (Programme-specific competencies) |
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Master of Business and Information Systems Engineering
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- EC
| EC 10: The holder of the degree integrates the perspective of stakeholders in optimising complex business processes. (Stakeholder awareness) | - EC
| EC 11: The holder of the degree formulates proposals for operational improvements, taking account of the regional and/or (inter)national context. (Stakeholder awareness) | - EC
| EC 12: The holder of the degree reflects on the conduct of business from an ethical and sustainability perspective. (Stakeholder awareness) | - EC
| EC 13: The holder of the degree applies in-depth insights from business science and relevant supporting/related disciplines in the analysis of business and IT problems. (Problem-solving capacity) |
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Master of Business Engineering
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- EC
| EC 10: The holder of the degree integrates the perspective of stakeholders in optimising complex business processes. (Stakeholder awareness) | - EC
| EC 11: The holder of the degree formulates proposals for operational improvements, taking account of the regional and/or (inter)national context. (Stakeholder awareness) | - EC
| EC 12: The holder of the degree reflects on the conduct of business from an ethical and sustainability perspective. (Stakeholder awareness) | - EC
| EC 13: The holder of the degree applies in-depth insights from business science and relevant supporting/related disciplines in the analysis of financial and technical business problems. (Problem-solving capacity) |
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Master of Management
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- EC
| EC 10: The holder of the degree integrates the perspective of intern and extern stakeholders when making decisions in an organizational context. (Stakeholder awareness) | - EC
| EC 11: The holder of the degree formulates proposals for the improvement of business processes in an international context, taking into account the broader societal framework in which businesses operate, including environmental factors and relevant stakeholders. (Stakeholder awareness) | - EC
| EC 12: The holder of the degree reflects on the conduct of business from an ethical and sustainability perspective. (Stakeholder awareness) | - EC
| EC 13: The holder of the degree is able to formulate, analyze, and answer complex management issues within a VUCA world from a systems perspective, providing innovative and scientifically grounded recommendations using strategic and conceptual perspectives. | - EC
| EC 15: The holder of the degree is able to formulate strategic solutions to create organizational value. (Programme specific competences) |
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| Included in these programmes | Tolerance3 |
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Y
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Exchange Programme Business Economics
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Y
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1 Education, Examination and Legal Position Regulations art.12.2, section 2. |
| 2 Education, Examination and Legal Position Regulations art.15.1, section 3. |
3 Education, Examination and Legal Position Regulations art.16.9, section 2.
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