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A course is the basic teaching unit, it's design as a medium for a student to acquire comprehensive knowledge and skills indispensable in the given field. A course guarantor is responsible for the factual content of the course.
For each course, there is a department responsible for the course organisation. A person responsible for timetabling for a given department sets a time schedule of teaching and for each class, s/he assigns an instructor and/or an examiner.
Expected time consumption of the course is expressed by a course attribute extent of teaching. For example, extent = 2 +2 indicates two teaching hours of lectures and two teaching hours of seminar (lab) per week.
At the end of each semester, the course instructor has to evaluate the extent to which a student has acquired the expected knowledge and skills. The type of this evaluation is indicated by the attribute completion. So, a course can be completed by just an assessment ('pouze zápočet'), by a graded assessment ('klasifikovaný zápočet'), or by just an examination ('pouze zkouška') or by an assessment and examination ('zápočet a zkouška') .
The difficulty of a given course is evaluated by the amount of ECTS credits.
The course is in session (cf. teaching is going on) during a semester. Each course is offered either in the winter ('zimní') or summer ('letní') semester of an academic year. Exceptionally, a course might be offered in both semesters.
The subject matter of a course is described in various texts.

MI-SEP World Economy and Business Extent of teaching: 2P+1C
Instructor: Completion: Z,ZK
Department: 18102 Credits: 4 Semester: Z

Annotation:
This course is presented in Czech. However, there is an English variant in the program Informatics (N1801 / 4793). The course introduces students of technical university to the international business. It does that predominantly by comparing individual countries and key regions of world economy. Students get to know about different religions and cultures, necessary for doing business in diverse societies as well as indexes of economic freedom, corruption and economic development, which are needed for the right investment decision. Seminars help to improve on the knowledge in the form of discussions based on individual readings. It is advised to take bachelor level of this course BIE-SEP as a prerequisite.

Lecture syllabus:
1. Introduction to course. Level of economic development; why are some countries rich and some poor? Natural resources, culture or economic institutions and policies
2. Religion and language, describing differences and history, causes of misunderstandings and conflicts
3. Cultural differences ? economic and managerial point of view, Hofstede cultural dimensions
4. Economic geography, the most important natural resources in Europe and the World.
5. Population as a resource (HR), human capital, economic impact of depopulation (Europe, East Asia)
6. Basic economic characteristic (GDP, TFP, indebtness, openness of economy, inflation, unemployment) of selected particularly European countries
7. Economic institutions and policies in reaction to globalisation
8. Influence of democracy (Democracy index EIU) and political freedom (The Freedom house index) on business environment
9. Economic freedom in the world (Index of economic freedom from The Heritage foundation and The Frazer Institute, The Economic freedom of the world)
10. Definition and distribution of corruption (CPI from Transparency international) and quality of business environment (World Bank index - Doing business: The Ease of doing business and distance to frontier)
11. Human Development Index (UNDP) as an arguably best indicator of successful institutions and macroeconomic policies
12. Cost and benefits of MNCs (strategies, M&A, technologies)
13. Ethics in international business

Seminar syllabus:
1. Economic institutions and policies as a main factor for economic development; Olson M. (1996): Big bills left on the sidewalk: why some nations are rich, and others poor.
2. Effectivity of economic cooperation in potentially conflict environment; Huntington S. (1993): Clash of Civilizations. Foreign Affairs, introduction, Summer 1993.
3. Comparison of cultures with 5 cultural dimensions of Hofstede
4. Comparison of larges importers and exporters of key resources
5. First and second demographic transformation, practical impact of population decline and ageing of population in developed world, changes on market of goods and services
6. Practical part of working paper ? PC lab, regression a correlation
7. Test I.
8. Analysis of Democracy Index and The Freedom House index
9. Analysis of Index of economic freedom and The Economic freedom of the world index
10. Analysis of CPI and Doing business index
11. Analysis of HDI
12. Presentation of working papers
13. Test II.

Literature:
Cavusgil, S.T., Knight, G., Rieselberger, J., International Business: The New Realities, 2013. Cihelková, E., Světová ekonomika ? nové jevy a perspektivy, Praha 2006. Evan, T., Chapters of European Economic History, Praha 2014. Štěrbová, L., Mezinárodní obchod ve světové krizi 21. století, Praha 2013.

Requirements:
Student needs to create and present working paper of specific structure to pass. There are two written exams (30 and 60 percent) of a mix of multiple choice and open-ended questions. Active participation during seminars is also required (10).

Předmět nahrazen ekvivalentním NI-SEP // Informace o předmětu a výukové materiály naleznete na https://moodle-vyuka.cvut.cz/course/view.php?id=2263.
Tento předmět obsahově navazuje na bakalářský předmět Světová ekonomika a podnikání I.

The course is also part of the following Study plans:
Study Plan Study Branch/Specialization Role Recommended semester
MI-ZI.2016 Knowledge Engineering VE 3
MI-ZI.2018 Knowledge Engineering VE 3
MI-SP-TI.2016 System Programming VE 3
MI-SP-SP.2016 System Programming VE 3
MI-SPOL.2016 Unspecified Branch/Specialisation of Study VE 3
MI-WSI-WI.2016 Web and Software Engineering VE 3
MI-WSI-SI.2016 Web and Software Engineering VE 3
MI-WSI-ISM.2016 Web and Software Engineering VE 3
MI-NPVS.2016 Design and Programming of Embedded Systems VE 3
MI-PSS.2016 Computer Systems and Networks VE 3
MI-PB.2016 Computer Security VE 3
NI-TI.2018 Computer Science V 1,3


Page updated 18. 4. 2024, semester: L/2020-1, L/2023-4, L/2019-20, Z/2021-2, L/2022-3, Z/2023-4, Z/2019-20, Z/2022-3, L/2021-2, Z/2024-5, Z/2020-1, Send comments to the content presented here to Administrator of study plans Design and implementation: J. Novák, I. Halaška