Professional Documents
Culture Documents
MIB 303
Credit Units: 04
Learning Outcomes:
On the successful completion of this module the student will be able to: Understand the concept of global and national regulatory environment in business management Appreciate the role of various bodies in the international regulatory environment Evaluate the various measures taken by different nations to regulate their business environments Impact of WTO agreements in regulating trade in developed and developing countries
Course Contents:
Module I: Business and its Environment Relevance and scope of regulating International Business Measures to regulate Trade in the advent of Globalization Internal and External Environment P.E.S.T.E.L Analysis Module II: Global and National Business Environment Relevance of Classical Theory in regulating International Trade - Theory of Absolute Advantage and - Theory of Comparative Cost Advantage Theory of Competitive Advantage Export Marketing, Pricing and Distribution Dynamics of Extractive Economies, Developed Economies and Developing Economies Import Substitution vis--vis Export Substitution Module III: Protectionism and International Trade Determination of Tariff Types of Tariff & Role Effective Rate of Protection Welfare effect: Small nation vis a vis large nation FTA , NAFTA, LAFTA, SAFTA, EEC, ASEAN SEZs, EOUs, STPs , EXIM Policy to FTP Module IV: International Trading Environment and Rules Governing International Trade under WTO Multilateral and Plurilateral Trading System and the legal framework - MFN and NTC clauses Unfair Trade Practices and Barriers to Trade (Non technical) Agreements on Antidumping Subsidies and countervailing measures Pre-shipment Inspections Module V: Measures to Regulate Trade Environment Sanitary and Phyto Sanitary Measures
Technical Barriers to Trade, Safeguards and Rules of Origin Agreement on Agriculture Trade Related Intellectual Property Rights (TRIPS) Trade Related Investment Measures (TRIMS) General Agreements on Trade and Services Dispute Settlement Mechanism
Learning Methods:
Tutorials, Interactive sessions, Case studies, Field visits, Management games, Extensive research projects, Seminars, Weekend experience in companies - the course is covered by adopting a combination of lecture methods, class presentation by groups of students, self study sessions. Each student is required to do the back ground reading from the specified chapters of the prescribed book before coming to class. Cases are also to be analyzed, discussed in groups (teams) outside the class as preparatory work.
Examination Scheme:
Components Weightage (%) C1 10 V 5 A 5 CT 10 EE 70