Syllabus - MBA 3rd Sem. - IB Group
INTERNATIONAL BUSINESS MANAGEMENT (BMB IB 01)
Unit 1: Introduction to International Business and Trade Theories: Nature, scope, and importance of international business, introduction to EPRG & LPG frameworks, major modes of market entry: exporting, joint ventures, FDI, licensing, wholly owned subsidiaries, theoretical foundations: classical and modern trade theories, Leontief paradox, PLC theory, national competitive advantage, and factor mobility theory.
Unit 2: Trade Policy & Commercial Instruments: Instruments of commercial policy: tariffs, quotas, subsidies, non-tariff barriers, economic multiplier effects (with numerical examples), trade protectionism, India’s foreign trade policy, make in India initiatives, LPG policy framework
Unit 3: Business Environment & Political Economy: International business environment analysis: PESTEL covering economic, political, cultural, technological factors, cultural dimensions: language, religion, communication styles in business contexts, political and legal frameworks: systems of governance, legal protection, IPR, and national risk factors. Latest updates and cases.
Unit 4: International Marketing : Introduction to International Marketing: Definition, scope and importance; Differences between domestic and international marketing; EPRG framework (Ethnocentric, Polycentric, Regiocentric, Geocentric); Environmental factors affecting international marketing – Political, Economic, Social, Cultural, Technological, Legal; Hofstede’s cultural dimensions and their impact on marketing decisions; International market research and segmentation; International product and pricing decisions. Latest updates and cases.
Unit 5: International Strategy, Institutions and Operations: Global business strategy: Standardization vs localization, international expansion strategies, including M&A, alliances, licensing, franchising, international marketing. Supply chain logistics management, use of Incoterms, role of trade promotion bodies in India (EXIM Bank, ECGC), global institutions and trade agreements: WTO, GATT, IMF, World Bank, TRIPS, TRIMS, GATS, regional economic blocs: EU, ASEAN, NAFTA, SAARC, emergence and strategies of multinational firms, Indian export promotion schemes and SEZ policies.
EXPORT-IMPORT DOCUMENTATIONS (BMB IB 02)
Unit 1: Indian EXIM Framework and Registration: Latest Foreign Trade Policy (FTP) overview; objectives and key provisions; role of Directorate General of Foreign Trade (DGFT), Export-Import Bank of India (EXIM Bank), Export Promotion Councils (EPCs), Special Economic Zones (SEZs); types of exports and imports; registration processes including Import Export Code (IEC), Registration Cum Membership Certificate (RCMC) and Authorized Dealer Code (AD Code); overview of Start-up and Micro, Small and Medium Enterprises (MSME) support in India’s FTP.
Unit 2: Commercial and Regulatory Documentation: Commercial documents: proforma invoice; commercial invoice; packing list; certificate of origin from Directorate General of Foreign Trade (DGFT) and chamber of commerce; inspection and quality certificates (Food Safety and Standards Authority of India (FSSAI), Agricultural and Processed Food Products Export Development Authority (APEDA); regulatory documents: shipping bill; bill of entry; Goods and Services Tax (GST) invoice for exports; e-invoicing compliance; overview of GST refund mechanisms for exports.
Unit 3: Shipping, Logistics & Insurance Documentation: Indian logistics infrastructure: Inland Container Depots (ICDs); Container Freight Stations (CFS); Special Economic Zones (SEZs); role of shipping lines and freight forwarders; types of shipments: Full Container Load (FCL) vs Less than Container Load (LCL); types of transport documents: bill of lading; airway bill; multimodal transport documents; marine insurance in India.
Unit 4: Banking, Payment & Foreign Exchange Documents: Payment modes in Indian trade: advance payment; documents against payment (DP); documents against acceptance (DA); letter of credit (LC) process under Uniform Customs and Practice for Documentary Credits (UCPDC) norms; Reserve Bank of India (RBI) and Foreign Exchange Management Act (FEMA) guidelines on foreign exchange (forex) management; Authorized Dealer (AD) bank’s role; banking documents: electronic Bank Realization Certificate (e-BRC); Foreign
Inward Remittance Certificate (FIRC); Goods Receipt (GR) form; Shipping Declaration Form (SDF); steps for foreign currency realization and repatriation.
Unit 5: Customs Procedures and Digital Trade Platforms: Overview of Indian Customs Act; customs clearance process for exports and imports; role of Customs House Agent (CHA); Indian Customs Electronic Gateway (ICEGATE) registration; uploading documents online (shipping bill, electronic Certificate of Origin (e-CoO), electronic Bank Realization Certificate (e-BRC)); Indian Single Window System; trade analytics and compliance monitoring tools.
GEO POLITICS AND TRADE (BMB IB 03)
Unit 1: Introduction to Geopolitics and the Global Trade Order: Meaning and scope of geopolitics, relationship between geography, power, and economics, historical evolution of geopolitical trade (Silk Road to WTO), role of nation-states in trade influence, geostrategy and economic nationalism in trade decisions.
Unit 2: Geopolitical Conflicts and Trade Disruptions: Strategic use of trade restrictions: sanctions, embargoes, and tariffs, conflicts and wars impacting trade flows (e.g., Russia-Ukraine, Israel-Palestine), disruption of global supply chains due to political instability, control over critical raw materials (oil, gas, rare earths), case studies: Strait of Hormuz, Suez Canal, South China Sea. Latest updates.
Unit 3: Resource Geopolitics and Energy Secur: Global energy politics: pipelines, ports, and control zones, political economy of OPEC+ and fuel pricing, climate politics: carbon tariffs, green subsidies, energy transition diplomacy, competition over water and agricultural trade resources, resource diplomacy: energy aid, extraction deals, infrastructure influence. Latest updates.
Unit 4: Power Blocs, Alliances, and Regional Trade Politics: Formation and impact of global power blocs (BRICS, G7, G20, QUAD), strategic trade alignments: Belt and Road Initiative, Indo-Pacific strategy, trade agreements with geopolitical motives (e.g., RCEP, IPEF, EU-African deals), politics behind FTAs, customs unions, economic corridors, soft power, foreign aid, trade missions in foreign policy. Latest updates.
Unit 5: Emerging Risks and the Future of Political Trade: Technology and trade tensions: AI, semiconductors, data localization, cybersecurity, digital surveillance, trade infrastructure risk, friend-shoring, near-shoring, supply chain reconfiguration, satellite-based trade surveillance, maritime control, future outlook: multipolar world, global fragmentation, trade resilience strategies. Latest updates.
