Diploma in International Business and Economics

BY
Boston Institute of Analytics

This certification offers an in-depth view of trade policy, macroeconomics models and cross border business decisions in today' s globalised world.

Mode

Part time, Online

Duration

6 Months

Fees

₹ 125000

Quick Facts

particular details
Medium of instructions English
Mode of learning Self study, Virtual Classroom +1 more
Mode of Delivery Video and Text Based

Course overview

The Diploma in nternational Business and Economics course is being offered by the Boston Institute of Analytics (BIA). This International Business and Economics course is being designed to equip participants with foundational and advanced knowledge in global trade, economic policy and international business strategy.

Over the duration of 6 months, the participants will engage in real world case studies, live expert sessions and interactive masterclasses to build hands-on capability in navigating cross border challenges. This Diploma in International Business and Economics course is delivered by seasoned industry faculty and domain experts who guide students through applied concepts, simulations, and practical assignments.

The highlights

  • 6 months
  • Industry-led sessions and masterclasses
  • Real-world projects and case studies
  • Exposure to global trade and economics frameworks
  • Hands-on simulation of international business decisions
  • Support with tools, mentorship, and community access
  • Certificate recognized under BIA certification programs

Program offerings

  • Real-world projects
  • Expert instructors
  • Peer & alumni community access
  • Doubt clearing sessions
  • Case studies
  • No cost emi options available
  • 6 months course

Course and certificate fees

Fees information
₹ 125,000

The fees for the International Business and Economics course is : 

Fees componentsAmount
Course feesRs. 125000
certificate availability

Yes

certificate providing authority

Boston Institute of Analytics

Who it is for

The target audience for the Diploma in International Business and Economics course includes:

Eligibility criteria

The participants must have a bachelor’s degree in Computer Science, IT, Engineering, Mathematics, Statistics, or a related field. The participants must have a basic knowledge of basic python skills. Also there is no prior work experience required.

What you will learn

Financial knowledge Financial management Knowledge of economics Business management

This Diploma in International Business and Economics will help the participants in building a strong conceptual foundation in economics and trade theory - understanding the mechanisms of supply and demand across international markets, comparative advantage and role of tariffs, quotes and trade agreements. The participants will dive into exchange rate models, balance of payments and how macroeconomics variables like interest rates, inflation, and fiscal policy interact in the global context.

The syllabus

International Business and Economics: Orientation

Course Expectations and Structure
  • Overview of the Course Modules 
  • Brief on Assignments and Assessments
Introduction to the Learning Environment
  • Digital Platforms and Resources
  • Communication Channels
Overview of International Business
  • Definition and scope
  • Evolution and historical context
  • Importance in the global economy
Theories of International Business
  • Eclectic Paradigm (OLI Framework)
  • Internalization Theory
  • Transaction Cost Theory

International Trade Theories

Mercantilism
  • Principles and historical context
  • Criticisms and relevance today
Absolute Advantage
  • Concept and examples
  • Limitations and implications
Comparative Advantage
  • David Ricardo’s theory
  • Application and modern interpretations
Heckscher-Ohlin Theory
  • Factor endowment theory
  • Leontief Paradox
New Trade Theory
  • Economies of scale and trade
  • Strategic trade policies
Porter’s Diamond Model
  • Competitive advantage of nations
  • Factors influencing national competitiveness
Tariffs and Quotas
  • Types and effects
  • Tariff rate quotas
Non-Tariff Barriers
  • Import licenses and quotas
  • Technical barriers to trade
Trade Agreements
  • World Trade Organization (WTO) and its functions
  • Regional trade agreements (e.g., NAFTA, EU, ASEAN)
Trade Blocs and their implications
  • Economic and political integration
  • Impacts on member countries and global trade

International Monetary System

Exchange Rates and their determination
  • Exchange rate regimes (fixed, floating, managed)
  • Factors influencing exchange rates (interest rates, inflation, etc.)
Fixed vs. Floating Exchange Rates
  • Advantages and disadvantages
  • Historical examples and current trends
Currency Markets and Foreign Exchange Reserves
  • Role of central banks
  • Currency intervention strategies
Balance of Payments
  • Components and measurement
  • Implications for economic policy

International Financial System

International Capital Markets
  • Bond markets and equity markets
  • Foreign exchange markets
Foreign Direct Investment (FDI)
  • Modes of entry (greenfield investment, mergers and acquisitions)
  • Motives and determinants
Foreign Portfolio Investment (FPI)
  • Types of portfolio investments (equity, debt)
  • Portfolio diversification strategies
Multinational Corporations (MNCs)
  • Characteristics and roles
  • Strategies for managing international operations

Global Economic Environment

Economic Development and Growth
  • Theories of economic development (Rostow’s stages, Harrod-Domar model, etc.)
  • Measures of economic development (GDP per capita, Human Development Index)

Global Economic Environment
  • Gross Domestic Product (GDP) and Gross National Income (GNI)
  • Human Development Index (HDI) and other social indicators
Global Economic Environment
  • Market economy, command economy, mixed economy
  • Comparative analysis and examples

Cultural Dimensions in International Business

Hofstede’s Cultural Dimensions
  • Power distance, individualism vs. collectivism, masculinity vs. femininity, uncertainty avoidance, long-term vs. short-term orientation
  • Application to business contexts
Cultural Intelligence (CQ)
  • Definition and components
  • Importance in cross-cultural business interactions
Cultural Differences in Business Practices
  • Communication styles, negotiation tactics, decision-making processes, etc.
  • Case studies and examples
Managing Cultural Diversity in a Global Context
  • Strategies for building cultural competence
  • Organizational policies and practices for fostering inclusivity

International Marketing Strategies

Market Entry Strategies
  • Exporting, licensing, franchising, joint ventures, wholly owned subsidiaries
  • Factors influencing choice of entry mode
Product Adaptation vs. Standardization
  • Global product lifecycle
  • Challenges and opportunities of standardization
International Pricing and Distribution
  • Pricing strategies (skimming, penetration, etc.)
  • Distribution channels (direct vs. indirect, online vs. offline)
Global Branding and Advertising
  • Brand positioning and localization
  • Cultural considerations in advertising campaigns

International Business Negotiation and Communication

Cross-cultural Communication Skills
  • Verbal and non-verbal communication cues
  • High-context vs. low-context cultures
Negotiation Techniques in International Business
  • Principled negotiation, BATNA, ZOPA, etc.
  • Cultural influences on negotiation style
Conflict Resolution in a Global Context
  • Strategies for managing conflicts in multicultural teams
  • Mediation and arbitration processes
Building Relationships and Trust across Cultures
  • Importance of relationship-building in international business
  • Strategies for establishing trust in cross-cultural contexts

International Supply Chain Management

Global Sourcing and Procurement
  • Sourcing strategies (single vs. multiple sourcing, nearshoring vs. offshoring)
  • Supplier selection and evaluation criteria
Logistics and Transportation in Global Trade
  • Modes of transportation (air, sea, rail, road)
  • Incoterms and their implications for logistics
Supply Chain Risks and Strategies for Mitigation
  • Risk assessment and management techniques
  • Contingency planning and resilience strategies
Sustainability in Global Supply Chains
  • Environmental and social responsibility considerations
  • Sustainable sourcing and green logistics practices

International Trade Finance

Methods of Payment in International Trade
  • Cash-in-advance, letters of credit, documentary collections, open account
  • Risks and benefits of each method
Letters of Credit and Documentary Collections
  • Process and documentation requirements
  • Roles and responsibilities of parties involved
Trade Finance Instruments
  • Bills of exchange, bank guarantees, export credit insurance
  • Application and suitability for different trade scenarios
Risk Management in International Trade
  • Currency risk, credit risk, political risk, etc.
  • Hedging strategies and financial derivatives

International Business Ethics and Corporate Social Responsibility (CSR)

Ethical Challenges in Global Business Operations
  • Bribery and corruption, labor rights violations, environmental degradation, etc.
  • Case studies and ethical dilemmas
CSR Practices and their impact on Stakeholders
  • Stakeholder theory and CSR frameworks (e.g., Carroll’s CSR pyramid)
  • Corporate citizenship and philanthropy
Sustainability Reporting and Standards
  • Global Reporting Initiative (GRI), ISO 26000, United Nations Global Compact
  • Reporting guidelines and best practices
Ethical Decision Making in International Business
  • Ethical frameworks (utilitarianism, deontology, virtue ethics)
  • Tools and approaches for ethical decision-making

Emerging Trends in International Business

Digitalization and E-commerce in Global Trade
  • E-commerce platforms and marketplaces
  • Digital marketing and customer engagement strategies
Impact of Artificial Intelligence (AI) and Blockchain
  • Applications in supply chain management, finance, and marketing
  • Implications for business operations and competitive advantage
Sustainable Development Goals (SDGs)
  • Alignment with business strategies and operations
  • Corporate contributions to achieving the SDGs
Geopolitical Risks and their impact on Global Business Environment
  • Trade wars, sanctions, political instability, etc.
  • Strategies for managing geopolitical risks in international business

Case Studies and Business Simulations

Analysis of Real-life International Business Cases
  • Examples of successful and unsuccessful international business ventures
  • Lessons learned and best practices
Analysis of Real-life International Business Cases
  • Simulated market entry decisions, negotiation exercises, supply chain management simulations, etc.
  • Application of theoretical concepts to real-world scenarios
Analysis of Real-life International Business Cases
  • Collaborative analysis and synthesis of case information
  • Presentation of findings and recommendations to the class

International Business Strategy

Global Expansion Strategies
  • Organic growth vs. inorganic growth
  • Entry timing and sequencing strategies
Market Entry Modes
  • Greenfield investment: Establishing operations from scratch in a foreign market
  • Acquisition: Purchasing existing businesses in foreign markets
  • Joint Ventures: Collaborative ventures with local partners
Strategic Alliances and Joint Ventures
  • Types of strategic alliances (equity vs. non-equity, horizontal vs. vertical)
  • Partner selection and alliance management
Risk Assessment and Management in International Business
  • SWOT analysis (strengths, weaknesses, opportunities, threats)
  • Risk mitigation strategies (diversification, insurance, hedging)
Corporate Governance in Multinational Companies
  • Governance structures and mechanisms in MNCs
  • Compliance with international regulations and standards
Integration of International Business Functions
  • Alignment of marketing, finance, operations, and HR strategies in a global context
  • Coordination and communication across functional areas and geographic regions

Capstone Project

Capstone Project Allocation, Mentorship and Presentation
  • Project and Dataset Assignment by Capstone Mentor
  • Orientation Session by Capstone Mentor – Project Expectations
  • Mentorship Session by Capstone Mentor – Doubt Resolutions
  • Project Presentation
Soft Skills Training
  • Presentation Skills
  • Email Etiquettes
  • LinkedIn Profile Building
  • Personality Development and Grooming
Interview Preparation
  • Interview Do’s and Don’ts
  • Mock Interviews
  • HR And Technical Interview Prep
  • One-On-One Feedback

Admission details

Follow the steps below to join the Diploma in International Business and Economics course.

Step 1 - Click on the link below: https://bostoninstituteofanalytics.org/international-business-and-economics/

Step 2 - Click on “Enquire Now”. Submit the form and your contact details and a representative will contact you.

Step 3 - Once the fees are paid, you are enrolled in the International Business and Economics course

How it helps

Earning this certificate signals participants proficiency in analysing cross-border economic dynamics and crafting global business strategies. This certification helps you stand out with a specialized skill set in international economics and business, opening doors to roles that require global insight, policy comprehension, and strategic thinking.

FAQs

What is the duration of the Diploma in International Business & Economics Certification?

The duration of this Diploma in International Business and Economics course is 6 months.

Is the Diploma in International Business and Economics course delivered online or in person?

The Diploma in International Business & Economics Certification Course is offered with a blend of live online sessions, recorded lectures, and project work.

Do I need prior economics knowledge to join?

No, there is no prior knowledge required.

Will I get placement assistance after completing the certification?

Yes, BLA offers placement assistance.

Is this certification recognized?

Yes, BIA’s certificate is recognised globally.

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