BUSA 256 Introduction to International Business
This course is designed to provide students with the background, basic knowledge, and skills needed to understand main concepts in international business. The course introduces a framework for the analysis of international business operations, including basic characteristics and concepts of business, the growth and magnitude of international business, and international economic and political institutions. Topics include multinational business and the national interest of host countries, investments and monetary relations special emphasis on issues of trade restrictions, and direct foreign investment.
General Education Competency
[GE Core type]
BUSA 256Introduction to International Business
Please note: This is not a course syllabus. A course syllabus is unique to a particular section of a course by instructor. This curriculum guide provides general information about a course.
I. General Information
Department
Business & Economics
II. Course Specification
Course Type
Program Requirement
General Education Competency
[GE Core type]
Credit Hours Narrative
3.00 Credits
Semester Contact Hours Lecture
45
Semester Contact Hours Lab
0
Semester Contact Hours Clinical
0
Grading Method
Letter grade
III. Catalog Course Description
This course is designed to provide students with the background, basic knowledge, and skills needed to understand main concepts in international business. The course introduces a framework for the analysis of international business operations, including basic characteristics and concepts of business, the growth and magnitude of international business, and international economic and political institutions. Topics include multinational business and the national interest of host countries, investments and monetary relations special emphasis on issues of trade restrictions, and direct foreign investment.
IV. Student Learning Outcomes
Upon completion of this course, a student will be able to:
- Communicate international business concepts both verbally and in writing.
- Key International Business Models (PPP, Comparative Advantage, etc.)
- International Business Tools and Indicators (Cultural identity, Frist mover advantage, Exchange Rates, etc.)
- International Market Systems and Institutions
- International Issues
- Identify relationships between domestic and international business policies.
- Apply international business strategies in both personal and business decisions.
- Participate in the learning process, become more fluent in international business, and utilize international strategies in decision making.
- Apply international employment opportunities.
- Communicate the relevancy and applicability of business concepts using a global business perspective.
V. Topical Outline (Course Content)
Understand Globalization
Define and understand differences between political, economic, and legal systems
Understand cultural differences using Hofstede’ 4 dimensions
Know how to calculate PPP
Understand major free trade theories and counter arguments to free trade
Describe common trade barriers and their justifications
Detail the 5 levels of economic integration – especially as applied to the U.S.
Understand exchange rates and foreign exchange risk and hedging
Understand currency, banking, and foreign debt crisis and ways to avoid each
Discuss 4 major international strategies and types of competitive pressures
How does a Letter of Credit and Banker’s acceptances work and overall trade deals
Sources of help for exporters
Elements International marketing and promotion
Elements of International Human Resource management
VI. Delivery Methodologies
Required Assignments
Written and oral presentation of discussion questions
Written paper and oral presentation on a country of the students’ choice
Required Exams
3 Unit Tests
Required Text
Charles W. Hill and Tomas Hult, Global Business Today 9th edition. McGraw-Hill, 2016
Specific Course Activity Assignment or Assessment Requirements
Written and oral presentation of discussion questions
Written paper and oral presentation on a country of the students’ choice
3 Unit Tests
1.
2.