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International Business

This is the study programme for 2019/2020. It is subject to change.

This is an introductory course to international business, delivered in English. Markets, trade and corporations are becoming increasingly global. This is evident in many ways: the barriers to trade continue to fall, trade between countries continues to rise and multinational enterprises are ever more dominant in the world economy. This course introduces you to the unique competitive environment in which international business takes place, the status of internationalization of business today and the strategy and management challenges faced by corporations that operate in an international setting.

Learning outcome

Students are expected to master the following issues after attending this course:
  • How globalization affects markets and economic policies
  • Why international trade and investments are on the rise, and the main characteristics of international trade patterns
  • How businesses are affected by economic policies and regulations at national and EU level
  • The main ethical and moral issues involved in international business operations
  • Assessment of the gains and challenges related to decisions concerning international trade and investments
  • The challenges facing international businesses related to multilevel governance and the handling of different jurisdictions, currencies and cultures

Upon completion of this course, students will:
  • Be familiar with basic concepts and trends related to international business activity
  • Understand the environment within which international business activity takes place: the economic, political, legal and cultural environment in which international firms operate
  • Be familiar with international institutions relevant to international companies (e.g. EU, International Monetary Fund, World Trade Organization, G20)
  • Have a greater knowledge of the theories that provide explanations for global business activities (e.g. trade and investment theories, global product life cycle, competitive advantage of nations).
  • Have a greater knowledge of the strategies open to corporations operating in an international setting.
  • Understand sustainable value creation, paying attention to the effects a business has on the sustainability of its social and natural environment.

General competence
Students on this course are expected to gain an understanding of the managerial challenges and opportunities confronting firms competing internationally, to have knowledge of the main theories in this field, to be able to discuss and analyze relevant problems in this area and to be able to present the main elements of this course to others.


The main contents of this course are as follows:
  • The historical background of international business
  • A comparative approach: market characteristics, regulatory frameworks and environmental constraints
  • The role of international institutions in international business with the main focus on EU institutions
  • Patterns of international trade and investments
  • Sustainable and ethical value creation
  • Theories explaining global business and globalization
  • Case studies relating theories to real contexts

Required prerequisite knowledge



Home assignment and Written exam
Weight Duration Marks Aid
Home assignment2/52 weeksA - FAll.
Written exam3/54 hoursA - FDictionary.

Course teacher(s)

Course coordinator
Thomas Laudal

Method of work

Lectures once a week with guest lecturers and tasks to be solved between the lectures.
There is also two seminars were we discuss the assignment.
The total work load in this cours is estimated to 250-300 hours.

Open to

Business Administration - Bachelor's Degree Programme
Business Administration - Master of Science (5 years)

Course assessment

Student evaluation will be performed according to department rules.


Link to Reading List

This is the study programme for 2019/2020. It is subject to change.

Sist oppdatert: 02.06.2020