INTRODUCTION TO INTERNATIONAL BUSINESS

About this Course

This course exposes the students to all the importance of international business in a global marketplace. Students will learn many of the central issues in international trade and investment, the global monetary system, international business strategy and structure, and international business operations arise out of national differences in political economy and culture.

Course Learning Outcomes

1) Apply concepts, theories and emerging issues in international business.(LO1)
2) Analyse changes in international trade at the global level. (LO6)
3) Demonstrate values, attitudes and professionalism in strategies and operations of international business in a real-world context. (LO4)

Course Syllabus

+ Course Syllabus

1) GLOBALIZATION
Describe the concept of globalization
Explain the drivers of globalization
The globalization debate
Managing in the global marketplace


2) NATIONAL DIFFERENCES IN POLITICAL ECONOMY
Political Systems
Economic Systems
Legal Systems
The determinants of economic development

3) CULTURE
Explain what is meant by the culture of a society
Discuss the determinants of culture
Discuss the culture at workplace


4) POLITICAL ECONOMY OF INTERNATIONAL TRADE
Identify the policy instruments used by governments to influence international trade flows.
Understand why governments sometimes intervene in international trade
Summarize and explain the arguments against strategic trade policy
Describe the development of the world trading system and the current trade issues


5) ENTERING FOREIGN MARKET
Explain the three basic decisions that firms contemplating foreign expansion must make
Compare and contrast the different modes that firms use to enter foreign markets
Identify the factors that influence a firm choice of entry mode
Recognize the pros and cons of acquisitions versus greenfield ventures as entry strategies


6) REGIONAL ECONOMIC INTEGRATION
Describe the different levels of regional economic integration
Understand the economic and political arguments for regional economic integration
Understand the economic and political arguments against regional economic integration
Explain the regional economic integration in selected region

7) ETHICS & CORRUPTION
Identify the origins of corruption
Explain the drawbacks of corruption
Discuss the types of corrupt practices

8) KNOWLEDGE SHARING
Identify any issues pertaining to International Business
Discuss the theories related to International Business

Frequently Asked Questions

Q1 : DOES THIS COURSE REQUIRES FACILITIES ?
A1 : NO

Q2 : DOES THIS COURSE NEEDS YOU TO WORK IN GROUP ?
A2 : YES