1. International Business and Trade Ulvi Vaarja 2015

2. Contact information Please take part! ulps@hot.ee uvaarja@gmail.com

3. Not a pre-school

4. What do we do? 24 academic hours of class studies – Thursdays 10.45 in November and December Home assignment: a presentation Exam

5. Course prospective Define international business – What it is? – Stakeholders – who is interested in it – Forms – what forms it takes Globalisation of markets and the internalionalisation of the firm – Discussion of advantages and drawbacks International trade – Trade theories Classical country based Modern firm based

6. Course prospective What and who impacts international trade – Political systems – Legal systems – Ethics – Culture – Governments’ intervention in trade Tariffs, subsidies, import quotas, etc. Foreign Direct Investment – Forms, types, directions, how to en- or discourage, etc World Economies – Developed countries – Developing countries – Emerging markets – Criteria for dividing countries into different groups

7. Course prospective Global and Regional Economic Cooperation and Integration – Types of cooperation – Examples of cooperation (GATT; WTO; EU, etc) – United Nations and trade International Monetary System – Why money? – Monetary systems – Monetary organisations

8. Course prospective Foreign exchange and global capital markets – Currency and foreign exchange Forex market Quoting a currency Swaps, forwards, etc – Capital markets – Venture capital Importing and exporting. Foreign entry modes. – What influences companies going international? – What are the ways of doing so? – What are the risks?

9. Course prospective Research and development – Where, who and for whom? – Intellectual property Currency and financing in international business – Accounting – Investment decisions – Money management

10. Hopefully we all will learn!