Syllabus
Introduction to International Business and Trade

Introduction to International Business and Trade

IBUS-1305

Fall 2010
08/23/2010 - 12/12/2010

Course Information

Section 004
Lecture
TTh 12:00 - 13:20
RGC1 124
Mortada Mohamed

Office Hours

No office hours have been entered for this term

Course Requirements

COURSE Requirements

Project (15%):  Each student will develop a Foreign Market Opportunity Assessment.  You will choose a company, product or service and a country.  The company could be imaginary or real.  The purpose of this project is to reinforce all the information covered in Chapters 1-11 which represents a macro perspective but your project will be on a micro or firm level perspective.  We will discuss the chapter and the outline.  I will also suggest some helpful web sites to use. The outline for this project is listed and detailed in Chapter 12 of your textbook

Presentation (5 %)    Each student will summarize their findings in a short 10-15 minute presentation during the final week of class. The presentations will be graded on:

  • Contentextent to which the presentation is related to an important point of course content
  • Clarity-    organization of your arguments and presentations, analysis of your key points, and persuasiveness of your position
  • Grammar -use of correct grammar, spelling, and sentence structure
  • Accuracy of the country, date, and business model presented
  • Articulation – organization and articulation of your oral presentation

Homework (10 %) - There will be homework assignments, current events articles during the semester.

Tests (60%)  Three exams will be administered. The exams will cover the material included in the textbook chapters, handouts and lectures.  Missed Tests: Make up tests will not be given except in extreme cases with supportive documentation.  You must notify the professor prior to the day of the test or the next class.

Participation(10%).  All students are expected to participate actively in class discussion.  This includes evidence of thorough prior preparation of course materials, engaging in exercises, etc.  Attendance at all sessions is required except in previously arranged cases/emergencies. 

Readings

Cavusgil, S., Knight, G., Riesenberger, J. (2008).International Business: Strategy, Management, and the New Realities. Pearson/Prentice Hall. ISBN 0-13-173860-7. [Available at the ACC bookstore.]

Additional Suggested Resources:

Textbook web site        http://www.prenhall.com/cavusgil/

Global Edge                 http://globaledge.msu.edu/

The Economist            http://www.economist.com/

The Financial Times   http://www.ft.com/home/us

Course Subjects

Chapters 1 through 19 in the textbook.- Cavusgil, S., Knight, G., Riesenberger, J. (2008).International Business: Strategy, Management, and the New Realities. Pearson/Prentice Hall. ISBN 0-13-173860-7.

Student Learning Outcomes/Learning Objectives

Course Description & Rationale

This introductory course focuses on the core concepts and techniques for entering the international marketplace. Emphasis is on the effect of sociocultural, demographic, economic, technological, and political-legal factors in the foreign trade environment. As an introductory survey course, we will cover a variety of topics to illustrate the unique nature of international business including the patterns of world trade, currency exchange and international finance, globalization of the firm, international marketing, and operating procedures of the multinational enterprise.

Learning Objectives

The course demonstrates how international business variables affect the trade process.  It aims to highlight the realities of international business; some of its advantages and its problems that come when business is conducted on the international stage. By the end of this course, the student will be able to:

By the end of this course, the student will be able to address:

A. Background for International Business

§ the definition international business

§ the rise of globalization

§ the U.S.position in international trade

B. Theories of International Trade & Investment

§ the advantages of specialization

§ the concept of comparative advantage

C. The International Monetary System

§ the role of the International Monetary Fund (IMF)

§ fixed and floating exchange rates

§ the impact of European currency (EURO)

§ be able to calculate foreign exchange rates

D. International Financial Markets

§ how a foreign exchange market functions

E. Economic Integration among Countries

§ the levels of economic integration

§ the various arguments of economic integration

§ the organization of the European Community

F. Trade and Investment Policies

§ the role of foreign aid in international trade and investment

§ the goals and function of GATTand NAFTA

G. Politics and Laws

§ the reasoning behind the regulation of international business behavior

§ the Foreign Corrupt Practices Act

§ the role of international law in the conduct of international business

H. The Cultural Challenge

§ the role of culture in international business

§ identify various elements of culture

I. Starting International Operations

§ various entry strategies used by firms to initiate international business activity

§ indirect exporting and importing

§ advantages and disadvantages of licensing

J. International Logistics

§ international logistics

§ the usefulness of free trade zones

K. International Marketing

§ how a foreign target market is selected

§ the pricing strategy for export items

§ analysis for  estimating market potential

L. International Human Resources

§ the objectives of human resource management in an international firm

§ how the HR function changes as a firm goes global

§ differences and similarities of training employees in different countries