May 20, 2024  
2022-2023 Catalog 
    
2022-2023 Catalog [ARCHIVED CATALOG]

BUSN 207 - Introduction to International Business


PREREQUISITES: BUSN 101 - Introduction to Business .
PROGRAM: Business Administration
CREDIT HOURS MIN: 3
LECTURE HOURS MIN: 3
DATE OF LAST REVISION: Fall, 2013

Provides an overview of the international environment in which business operates today. Demonstrates the global relationships between business activities and how events in one part of the world can influence business decisions and activities in other parts of the world.

MAJOR COURSE LEARNING OBJECTIVES: Upon successful completion of this course the student will be expected to:

  1. Discuss the basic framework of international trade, including importing, exporting comparative advantage, balance of trade and exchange rates.
  2. Explain the different ways a purely domestic business can become an international operation.
  3. Define multinational enterprise and discuss its impact on the world economy.
  4. Discuss how a company’s decision-making process in different areas of the world may be affected by the cultures, the political systems, and the economic systems of those areas.
  5. Recognize the different trading zones of the world (Pacific Rim, European Community, etc.).
  6. Analyze problems encountered in international business negotiations and communications.


COURSE CONTENT: Topical areas of study include -  

  • Global linkages
  • Dimensions of culture
  • Domestic policy
  • Cross-cultural interaction
  • Change agents
  • Investment environment
  • Quotas, tariffs
  • Non Tariff barriers
  • Currency flows
  • WTO, GATT, and MFN
  • Voluntary restraint
  • Antidumping
  • Exterritoriality
  • Patent Cooperation Treaty
  • Sanction, embargo
  • Antitrust laws
  • Exchange controls
  • International law
  • Comparative advantage
  • Absolute advantage
  • Opportunity costs
  • Import substitution
  • Cross rates
  • Economies of scale
  • Cartel
  • Currency transfers
  • IMF
  • Product differentiation
  • Offshore banking
  • ERM, EMS, PPP
  • Free trade area
  • Common market
  • Maquiladoras
  • Franchising
  • FTAA
  • Balance of payments
  • European Union
  • Trading bloc
  • Licensing agreement

 
Course Addendum - Syllabus (Click to expand)