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.

Credits

3.00 Credits

Semester Contact Hours Lecture

Semester Contact Hours Lab

Semester Contact Hours Clinical

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

Semester Contact Hours Lab

Semester Contact Hours Clinical

Grading Method

Letter grade

Repeatable

III. Catalog Course Description

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

Required Materials

Required Activities

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.