International Business Programme / Implementation plan / 1 (2)
Matti Perttu / May 2010
Global Business Environment
International Economics and finance, (IBU2LF001), 3 credits
International Business Law, (IBU2LF001), 3 credits
Learning objectives
Upon successful completion of the course, the student
* knows the core concepts of international trade and finance theories, including international law
* understands how economic integration and different trade policies affect national economies and sectors
* will have a basic understanding about risks in exchange market and international banking affecting firms
* knows the legal determinants of the applicable law for the transactions both globally and in the European Union
* is familiar with the risks involved and issues necessary to be included in international business contracts
* understands the prohibitions on international competition restrictions
* understands how international disputes are resolved
Learning methods Lectures, team work, exercises, self-study, report writing.
Time schedule and contents
week International Economics and Finance International Business Law
1 / Trade theories / Sources of international law, different legal systems2 / Trade policy and policy instruments / Legal principles and legislative framework of the EU
3 / Economic integration – Factor mobility / Conflicts of laws and jurisdiction
4 / Foreign exchange / Dispute resolution
5 / Determination of the exchange rates / International contracts and trade
6 / Exchange rate mechanisms – Exchange rate risk and instruments / International contracts and trade
7 / International banking / Competition law principles
8 / Examination / Examination
Assignments
1. Series of exercises to be presented in the lectures will be assigned during the course. The deadlines will also be assigned during the first lecture.
2. A written project work on the given topics in International Trade and International Law, based on instructions given by tutors, shall be drawn up. Deadline will be the Examination date.
Assessment criteria
Examination 40 %
Project work 30%
Exercises and active participation 30%
All parts must be passed
Course materials
1) Steven Husted & Michael Melvin, 2010. International Economics 8e. Pearson. Selected chapters.
or
Krugman & Obstfeld, 2009, International Economics, 8e. Pearson.
2) Ray August 2000 (or newer). International Business law. Prentice Hall. New Jersey.; and
The United Nations Convention on Contracts for the International Sale of Goods. Vienna 1980.
Selected chapters
Lecture notes
Topical material (articles)
Contact information
Marika Aho-Nissinen
Matti Perttu
Satu Pitkänen
Sami Hartikainen
Seppo Suominen