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International Business

BUS-201
INTERNATIONAL BUSINESS
3 Credits

This course is a part of:
Associate's Degree Program
Bachelor's Degree Program

This course is an introduction to International Business which will explore the pros and cons of economic theories, government policies, business strategies and organizational structures in the global business world. Emphasis will be on differences in economies, the differing ethical issues facing today’s executives and how politics play a large role in international commerce. Students will learn about global trade and investment strategy with particular importance placed on the global monetary system. In addition, the course will explore the strategy and structure of the international business environment while exploring the actual operational practices. Finally, the student will explore the managerial implications of each topic on the actual practice of international business. The course is designed to acquaint students with the opportunities and risks associated with conducting business on a global basis.

Course Objectives

At the completion of this course, the student will be able to:

  • Identify national differences in politics and culture
  • Illustrate the effects of ethics on international business
  • Explain international trade theory
  • Describe the political economy of international business
  • Outline the effect of foreign direct investment
  • Discuss examples of regional economic integration
  • Demonstrate how the foreign exchange markets work
  • Identify and explain the roles of the international monetary system and global capital markets
  • Show various strategies and organizational structures in international businesses
  • Identify and chose the appropriate entry strategy and necessary strategic alliances given a fact set
  • Lay out the details and differences between exporting, importing and countertrade
  • Prove how global production, outsourcing and logistics affect the international marketplace
  • Explain how cultural and national differences affect global marketing and R&D
  • Account for international business, using various countries as stakeholders