International Business

International Economics & Trade Theory (C_S13M1)


Description
COURSE DESCRIPTION:
This course has been designed to introduce a variety of aspects of international business. Globalization and growing international trade amongst many different countries have brought new challenges and opportunities for many new economies and established economies. Topics covered in this module includes: Globalization of Commerce, Comparative Advantage of Nations—Factor Availability vs. Production Input, Comparative Advantage versus Absolute Advantage, Strategies for Entering and Developing International Markets, Foreign Direct Investment (FDI), Foreign Exchange Markets and International Monetary System, Exchange Rates Policies, and Purchasing Power Parity (PPP).


BACKGROUND:
Globalization is the expansion of local economies and businesses into a broader, international marketplace. Even small businesses have gotten active in the global environment as the Internet and mobile technology have enabled communication across continents and countries. Globalization has become important for a number of reasons, including the overall need for businesses to compete.
1. The Internet
2. Developing Nations
3. Competition
4. Diverse Populations


LEARNING OUTCOMES:
Upon the completion of this module, users will be able to:
• Understand and evaluate the role of economic analysis within international business contexts and appreciate the economic underpinnings of business strategy in international settings.
• Analyse and synthesize various models of competitive analysis to assess strategic behaviour in international business.
• Apply theoretical and practical knowledge of competitive strategies in the context of globalisation, particularly major entry and exit strategies of international business.


TIME: Up to 2 Hours


OTHER INFORMATION:
• No prerequisites.
• No materials distributed.
• No formal assessments required.
Content
  • S13. Lecture 1 - International Economics and Trade Theory
  • S13. International Business - Course Linkage Map
  • S13. International Business - Course Linkage Table
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: Forever