International Business Economics

Study Course Description

Course Description Statuss:Approved

Course Description Version:6.00

Study Course Accepted:02.02.2024 12:30:18

Study Course Information
Course Code:		SBUEK_150		LQF level:		Level 7
Credit Points:		2.00		ECTS:		3.00
Branch of Science:		Management; Business Management		Target Audience:		Management Science
Study Course Supervisor
Course Supervisor:		Romāns Putāns
Study Course Implementer
Structural Unit:		Faculty of Social Sciences
The Head of Structural Unit:
Contacts:		Dzirciema street 16, Rīga, szfrsu[pnkts]lv
Study Course Planning
Full-Time - Semester No.1
Lectures (count)		6	Lecture Length (academic hours)		2	Total Contact Hours of Lectures		12
Classes (count)		4	Class Length (academic hours)		2	Total Contact Hours of Classes		8
Total Contact Hours								20
Part-Time - Semester No.1
Lectures (count)		4	Lecture Length (academic hours)		2	Total Contact Hours of Lectures		8
Classes (count)		2	Class Length (academic hours)		2	Total Contact Hours of Classes		4
Total Contact Hours								12
Study course description
Preliminary Knowledge:
Background knowledge of the basics of economics, basic knowledge of international business and basic knowledge of international relations.
Objective:
The aim of the course is to provide students with knowledge of economic processes and trends in the context of international business environment.
Topic Layout (Full-Time)
No.	Topic			Type of Implementation		Number	Venue
1	Nature and participants of international business; business and economy across national borders.			Lectures		1.00	auditorium
2	International business system (business perspective of Schumpeter and Austrian school).			Lectures		1.00	auditorium
3	Global competitiveness of countries.			Lectures		1.00	auditorium
				Classes		1.00	auditorium
4	The role of money in the international business economy and business opportunities in sharing economy.			Lectures		1.00	auditorium
				Classes		1.00	auditorium
5	Impact of the digital economy on business.			Lectures		1.00	auditorium
				Classes		1.00	auditorium
6	International business support and regulation of economy.			Lectures		1.00	auditorium
				Classes		1.00	auditorium
Topic Layout (Part-Time)
No.	Topic			Type of Implementation		Number	Venue
1	Nature and participants of international business; business and economy across national borders.			Lectures		1.00	auditorium
2	International business system (business perspective of Schumpeter and Austrian school).			Lectures		1.00	auditorium
3	Global competitiveness of countries.			Classes		1.00	auditorium
4	The role of money in the international business economy and business opportunities in sharing economy.			Lectures		1.00	auditorium
5	Impact of the digital economy on business.			Lectures		1.00	auditorium
6	International business support and regulation of economy.			Classes		1.00	auditorium
Assessment
Unaided Work:
Independent assignment, preparation of summaries, case study, preparation of a presentation. In order to evaluate the quality of the study course as a whole, the student must fill out the study course evaluation questionnaire on the Student Portal.
Assessment Criteria:
1. Attendance of seminars and lectures, participation in class activities (discussions, debates) – compulsory, 20%. 2. Analysis and presentation of a practical situation (case study) – 30%. 3. Development of summaries – 20%. 4. Exam – 30%.
Final Examination (Full-Time):		Exam (Written)
Final Examination (Part-Time):		Exam (Written)
Learning Outcomes
Knowledge:		Understanding of the essence of international business in the economy, its basic principles, main trends; Understanding of current issues in international business economics; Knowledge of key players in the public, private, NGO and transnational sectors in the international business economy.
Skills:		Group work and discussions improve students’ reasoning and critical thinking skills. Presentations of the papers strengthen students’ ability to explain and discuss the problematic issues of international business economically.
Competencies:		Ability to identify and analyse key players’ role and impact in the international business economy; Ability to identify and analyse key determinants of economic processes in the international business, as well as analyse the most appropriate international business strategies.
Bibliography
No.	Reference
Required Reading
1	Baumol, W. J. and Blinder, A. S. 2011. Economics Principles and Policy. 12th ed. South-Western Cengage Learning, 8-13
2	Mankiw, N. G. and Taylor, M. P. 2011. Economics. 2nd ed. Cengage Learning EMEA. 28-32
3	Nešpors, V. 2012. Mikroekonomikas teorijas pamati. Rīga. 5-14.lpp (latviešu plūsmai)
4	Hofs, K.G., 2011. Biznesa ekonomika. 2. izdevums. J. Rozes Apgāds. (latviešu plūsmai)
Additional Reading
1	Persson, K., 2010. An Economic History of Europe.
2	Pomeranz, K., 2000. The Great Divergence: China, Europe and the Modern World Economy, NY: Princeton University Press.
3	Akerlof, G., Shiller, R., 2009. Animal Spirits. How Psychology Drives the Economy.
4	Bikse, V. 2007. Ekonomikas teorijas pamatprincipi. Rīga.: Izglītības soļi, 11-64.lpp (latviešu plūsmai)
5	Gods, U. 2008. Mikroekonomika. Rīga: Turība, 11-37.lpp (latviešu plūsmai)
6	Škapars, R. 2003. Mikroekonomika. Rīga: LU, 1-25.lpp (latviešu plūsmai)
7	Škapars, R. 2007. Mikroekonomika. Loģiskās shēmas. Rīga: Hansabanka, 1-5.lpp (latviešu plūsmai)
Other Information Sources
1	The Economist, Forbes, Reuters, The Quardian, The Washington Post, The New York Times, Dienas Bizness