Veidlapa Nr. M-3 (8)
Study Course Description
Doing Business in the European Union
Course Code
SBUEK_233
Branch of Science
-
ECTS
6.00
Target Audience
Business Management; Juridical Science; Management Science; Marketing and Advertising
LQF
Level 6
Study Type And Form
Full-Time; Part-Time
Study Course Implementer
Course Supervisor
Inna Dovladbekova
Structure Unit Manager
Ieva Puzo
Structural Unit
Faculty of Social Sciences
Contacts
Dzirciema street 16, Rīga, szf@rsu.lv
About Study Course
Objective
The course is designed to spread knowledge about the transformation of the EU business environment (on macro and micro levels) facilitating the understanding of doing business in the EU. Based on EU Action Plan “Financing Sustainable Growth”, The European Green Deal and EU’s Post-COVID-19 Recovery Plan the course aims to ensure that students acquire solid base of knowledge on macro and micro business environment of the EU, and in particular, knowledge on setting up business, contract law, company law, employment and intellectual property rules, corporate governance, corporate and social responsibility, sustainability in business, digital economy and main financial aspects such as monetary policy, international trade and international finance, exchange rate, taxes and Eurozone. After completion of the DBEU teaching module, the graduates are expected to be able to use integrative knowledge (legal, financial, and strategic management) on the EU business environment, applicable during and after the process of transformation of EU.
Preliminary Knowledge
Microeconomics, macroeconomics, fundamentals of finance, fundamentals of law.
Learning Outcomes
Knowledge
1.Understanding of macro and micro business environment of the EU, digital economy, and main financial aspects such as monetary policy, international trade and international finance, exchange rate, taxes and Eurozone. Being able to independently assess options on setting up business in EU. Having a basic understanding of the concepts of contract law, company law, employment, and intellectual property rules. Understanding the essence of corporate governance, corporate and social responsibility, sustainability in business.
Skills
1.In respect to the practical dimension of the course, students will develop such entrepreneurial skills as critical thinking, strategic thinking, argumentation, risk management, decision making, media literacy etc.
Competences
1.Students will be able to assess the practical aspects of the EU business environment, such as currency transactions, their meaning in business, tax aspects, funding opportunities, regulation, sustainability, consumer behavior and marketing related issues. Within the framework of the course, the ability to plan and develop the idea of a business opportunity and evaluate its implementation possibilities in different economic environments will be developed.
Assessment
Individual work
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Title
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% from total grade
|
Grade
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|---|---|---|
|
1.
Individual work |
-
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-
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Home readings, case studies, group presentations.
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Examination
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Title
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% from total grade
|
Grade
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|---|---|---|
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1.
Examination |
-
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-
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|
1. In-class activity and self evaluation tests – 10%.
2. Middle term progress evaluation in a form of a summary report 2 – 3 pages. – 20%
3. Case study analysis and Presentation (both text and verbal delivery; group work) – 30%
4. Exam – 40%. Written exam.
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Study Course Theme Plan
FULL-TIME
Part 1
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Lecture
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Modality
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Location
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Contact hours
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|---|---|---|
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Off site
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E-Studies platform
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2
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Topics
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Exchange rate, purchasing power parity, interest rate parity. Currency regimes.
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-
Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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Off site
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E-Studies platform
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2
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Topics
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Exchange rate role in business - exchange rate calculation skills; understanding how parities work and can influence the exchange rate
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-
Lecture
|
Modality
|
Location
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Contact hours
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|---|---|---|
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Off site
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E-Studies platform
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2
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Topics
|
Exchange rate transactions in business. Currency futures, options and swaps
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-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Exchange rate transactions in business. Currency futures, options and swaps
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Entrepreneurial skills on exchange rate risks and their mitigating in business. Case study, examples.
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-
Lecture
|
Modality
|
Location
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Contact hours
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|---|---|---|
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Off site
|
E-Studies platform
|
2
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Topics
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Foreign trade impact on exchange rate. International capital flows impact on the exchange rate.
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-
Class/Seminar
|
Modality
|
Location
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Contact hours
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|---|---|---|
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Off site
|
E-Studies platform
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2
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Topics
|
Balance of payments: what it reveals?
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-
Lecture
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Modality
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Location
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Contact hours
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|---|---|---|
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Off site
|
E-Studies platform
|
2
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Topics
|
International role of Euro and stability of the Eurozone
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-
Class/Seminar
|
Modality
|
Location
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Contact hours
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|---|---|---|
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Off site
|
E-Studies platform
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2
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Topics
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Operating of a currency zone: Eurozone context
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-
Class/Seminar
|
Modality
|
Location
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Contact hours
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|---|---|---|
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Off site
|
E-Studies platform
|
2
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Topics
|
Eurozone monetary policy response to COVID-19 pandemic
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Lecture
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Modality
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Location
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Contact hours
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|---|---|---|
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Off site
|
E-Studies platform
|
2
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Topics
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The role of taxes in business.
Principles of the tax system.
Competitiveness of the tax system.
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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Off site
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E-Studies platform
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2
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Topics
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Deepening understanding of the tax regulation in the EU. Strengthening of analytical skills - comparative analysis of the tax system in the EU countries. Changes in the tax system during COVID 19.
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-
Lecture
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Modality
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Location
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Contact hours
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|---|---|---|
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Off site
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E-Studies platform
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2
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Topics
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Sources of business financing.
Sources of business financing in the EU
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Class/Seminar
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Modality
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Location
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Contact hours
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|---|---|---|
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Off site
|
E-Studies platform
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2
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Topics
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Practical aspects of raising funds. Practical aspects of startup financing
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Total ECTS (Creditpoints):
3.00
Contact hours:
28 Academic Hours
Final Examination:
Test (Semester)
Part 2
-
Lecture
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Modality
|
Location
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Contact hours
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|---|---|---|
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Off site
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E-Studies platform
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2
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Topics
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Principles of EU law for businesses. Company Law in EU. Free movement of establishment.
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Lecture
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Modality
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Location
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Contact hours
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|---|---|---|
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Off site
|
E-Studies platform
|
2
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Topics
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EU Business Competition rules. Digital EU Single market.
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Class/Seminar
|
Modality
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Location
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Contact hours
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|---|---|---|
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Off site
|
E-Studies platform
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2
|
Topics
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Case studies
|
-
Class/Seminar
|
Modality
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Location
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Contact hours
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|---|---|---|
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Off site
|
E-Studies platform
|
2
|
Topics
|
Corporate governance in EU, regulations, case law
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-
Lecture
|
Modality
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Location
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Contact hours
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|---|---|---|
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Off site
|
E-Studies platform
|
2
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Topics
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Labour law in EU: working conditions, handling crisis situations, telework, employee’s protection.
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-
Class/Seminar
|
Modality
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Location
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Contact hours
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|---|---|---|
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Off site
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E-Studies platform
|
2
|
Topics
|
Labour law in practice
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-
Class/Seminar
|
Modality
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Location
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Contact hours
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|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Intellectual property law in EU
|
-
Lecture
|
Modality
|
Location
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Contact hours
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|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Commercial dispute settlement in EU.
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-
Class/Seminar
|
Modality
|
Location
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Contact hours
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|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
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The role of mediation in the settlement of commercial disputes (Mediation role play)
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-
Lecture
|
Modality
|
Location
|
Contact hours
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|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Essence and importance of marketing in sustainable business.
Integrated marketing communication in sustainable business.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Climate change related factors influencing consumer behavior. Sustainable consumer behaviour.
Corporate social responsibility
|
-
Lecture
|
Modality
|
Location
|
Contact hours
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|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Practical aspects of CSR, case study, examples
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Practical aspects of CSR, case study, examples
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Entrepreneurial skills on impact factors and risk assessment
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Entrepreneurial skills on impact factors and risk assessment
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Entrepreneurial skills on impact factors and risk assessment
|
Total ECTS (Creditpoints):
3.00
Contact hours:
32 Academic Hours
Final Examination:
Exam
PART-TIME
Part 1
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Practical aspects of raising funds. Practical aspects of startup financing
|
Total ECTS (Creditpoints):
3.00
Contact hours:
14 Academic Hours
Final Examination:
Test (Semester)
Part 2
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Essence and importance of marketing in sustainable business.
Integrated marketing communication in sustainable business.
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Climate change related factors influencing consumer behavior. Sustainable consumer behaviour.
Corporate social responsibility
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Entrepreneurial skills on impact factors and risk assessment
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
Off site
|
E-Studies platform
|
2
|
Topics
|
Entrepreneurial skills on impact factors and risk assessment
|
Total ECTS (Creditpoints):
3.00
Contact hours:
20 Academic Hours
Final Examination:
Exam
Bibliography
Required Reading
1.
Krugman P., Obstfeld M., Melitz M. International Finance: Theory and Policy, Global Edition, 11th Edition, Pearson, 2018, 468 p.
2.
Mishkin F. Economics of Money: Banking and Financial Markets, Global Edition, 12th Edition, Pearson, 2018, 744 p
3.
Richter S. The Transition from Command to Market Economies in Eastcentral Europe: The Vienna Institute for Comparative Economic Studies Yearbook IV, Routledge, 2020, 334 p.
4.
Robert A. Jarrow and Arkadev Chatterjea An Introduction to Derivative Securities, Financial markets, and Risk Management. 2.nd Edition, 2019
5.
Pilbeam K. International Finance, 4th Edition, 2013
6.
Rob Quail, James A. Overdahl Futures, Options, and Swaps, 5th Edition, 2007
7.
Baldwin R., Wyplosz C. The Economics of European Integration, 6th Edition, 2019, 400 p.
8.
Taxation trends in the European Union
9.
Richard A. Brealey, Stewart C. Myers, Franklin Allen // Corporate Finance.- McGraw-Hill/Irwin, 13th Edition, 2022
10.
Stefano Caselli, Gulia Negri. Private Equity and Venture Capital in Europe, 3rd Edition, 2021
11.
Andrea Vicari: "European Company Law", edited by De Gruyter, Berlin, 2021
12.
Beate Sjåfjell, Christopher M. Bruner (eds), The Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability, Cambridge University Press, 2019, Chapters 1, 6, 14, 37, 43, 46, 47
13.
JG Merrills. International Dispute Settlement. 6th Edition. Cambridge University Press, 2017
14.
Golann and Folberg. Mediation: The Roles of Advocate and Neutral. 3rd Edition. Due Date: May 25, 2022
15.
Martin, D., Schouten, J. „Sustainable Marketing”. 1st Edition, New Jersey: Pearson Education, 2011. 264 pages
16.
Belz, F. M., Peattie, K. „Sustainability Marketing: A Global Perspective”, 2nd Edition. TJ International Padstow, Cornwall: UK, 2012. 352 pages
17.
Chandler, D. “Sustainable Value Creation”. 2nd Edition. London: Routledge, 2020. 142 pages
Additional Reading
1.
IMF, Annual Report on Exchange Arrangements and Exchange Restrictions 2020, 25 Aug 2021.
2.
Lars Oxelheim, Alf Alviniussen, Hakan Jankensgart Corporate Foreign Exchange Risk Management, 2020, E-Book
3.
Derivatives statistics.
4.
Paul Ainsworth A Guide to Managing Foreign Exchange Risk
5.
Latvijas Banka. Valsts Maksājumu bilance
6.
Canale R. R., Mirdala R. Fiscal and Monetary Policy in the Eurozone : Theoretical Concepts and Empirical Evidence, 1st Edition, Emerald, 2019, 100 p. (e-book)
7.
Kempf H. Monetary Unions: Institutions and Policies, Springer, 2022, 444 p.
8.
Postula M. Public Financial Management in the European Union: Public Finance and Global Crises, Routledge, 2022, 240 p
9.
Huseyin O. Analysis of the Economic Impacts of the Euro, the Efficiency of the Euro in the Optimum Currency Area, and the Place of the Euro in Global Economics, European Review, 2020, Vol. 28 Issue 2, pp. 258-275
11.
Fundamental principles of taxation
12.
Corporate tax practices and aggressive tax planning in the EU -
13.
International Tax Competitiveness Index 2021., Tax Foundation
14.
Promoting the internal market and economic growth. Taxation
15.
Tax Policy Reforms 2021. Special Edition on Tax policy during COVID-19 Pandemic
16.
Marjaana Helminen EU Tax Law. Direct Taxation, 2021
17.
Nicola De Luca. European Company Law. Cambridge University Press, 2nd Edition, 2021
18.
Fenwick, M. International business law: emerging fields of regulation. Oxford: Hart Publishing, 2018
19.
Eleanor M. Fox/ Damien Gerard, EU Competition Law – Cases, Text and Context, Edward Elgar. Publishing Limited, 1st Edition, 2017.
20.
Lianos, I., Korah, V., Siciliani, P. Competition Law: Analysis, Cases & Materials (OUP 2019)
21.
Jones, A. EU competition law : text, cases, and materials. Oxford, UK: Oxford University Press, 2019
22.
Fauver, L., Hung, M., Li, X., & Taboada, A. G. (2017). Board reforms and firm value: Worldwide evidence. Journal of Financial Economics, (1), 120.
23.
Labour law database
24.
2020 edition of our European Employment Law Update
25.
EU Commission: Communication ‘Making the most of the EU’s innovative potential – An intellectual property action plan to support the EU’s recovery and resilience’.
26.
M. Moses. The Principles and Practice of International Commercial Arbitration (CUP, 3rd Edition, 2017)
27.
A Sustainable Europe for a Better World: A European Union Strategy for Sustainable Development.
28.
A European Green Deal.
29.
Muthu, S., S. (Ed.). Consumer Behaviour and Sustainable Fashion Consumption. 2019, 96 pages
30.
Kumar, R. Research Methodology: A step by step guide for beginners. Sage, 2018. 399 pages
Other Information Sources
1.
Finance and funding
2.
Support for small businesses
3.
Venture Capital
4.
Funding opportunities for small businesses
5.
Understanding differences in startup financing stages.
6.
COVID-19 Government Financing Support Programmes for Businesses. 2021 update. OECD
7.
Diagnosing COVID-19 Impacts on Entrepreneurship: Exploring Policy Remedies for Recovery , GEM
8.
Whish, R. and Bailey, D. Competition Law. Oxford University Press, 9th Edition, 2018.
9.
Court judgments and Commission decisions covering EU antitrust and merger control issues. Database
10.
FREER AND MOLL, Principles of Business Organizations, Chapter 4 ‘The Corporation: Overview, Theory and History’, pp. 139-151, THE ECONOMIST, Coase’s theory of the firm (July 27th 2017)
11.
EU Comission. Flash Reports on Labour Law.
12.
International Arbitration in Sweden. A Practitioner’s Guide, Magnusson. Ragnwaldh & Wallin (eds). 2nd Edition, 2021, Wolters Kluwer)