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Catalog Course Search Details

 Course Title:   Introduction to International Business

 Title Abbreviation:   INTRO TO INTL BUSINESS

 Department:    BUS

 Course #:    241

 Credits:    5

 Variable:     No

 IUs:    5

 CIP:    520101

 EPC:    n/a

 REV:    2014


 Course Description  

An overview of how businesses operate in the global environment including topics on marketing, management, production, human resource management and finance.

 Prerequisite  

None

Additional Course Details

Contact Hours (based on 11 week quarter)

Lecture: 55

Lab: 0

Other: 0

Systems: 0

Clinical: 0


Intent: Distribution Requirement(s) Status:  

Academic Social Sciences  

Equivalencies At Other Institutions

Other Institution Equivalencies Table
Institution Course # Remarks
UW IBUS 300 The International Environment of Business

Learning Outcomes

After completing this course, the student will be able to:

  1. Understand fundamentals of trade theory and sources of competitiveness in trade.
  2. Understand major world marketplaces and why certain products originate in certain areas.
  3. Understand the concepts of comparative and absolute advantage.
  4. Discuss trade protections such as tariffs, quotas and various barriers to free international trade.
  5. Understand the elements of culture and how cultural differences affect trade between trading partners.
  6. Understand the impacts of legal, technological and political forces in international trade
  7. Understand the role of ethics and social responsibility in international business
  8. Understand the fundamentals of international trade and investment motives and options (E.g. foreign direct investment etc)
  9. Understand the fundamentals of international monetary systems and the balance of payments
  10. Understand the fundamentals of foreign exchange and international financial markets
  11. Understand the fundamentals of international strategic management and strategies for analyzing and entering foreign markets.
  12. Understand international organizational design, control and alliances
  13. Understand the fundamentals of managing international firms including international marketing, finance, human resources, operations, etc.

General Education Learning Values & Outcomes

Revised August 2008 and affects outlines for 2008 year 1 and later.

1. Information Literacy

Definition: Recognizing when information is needed and have the ability to locate, evaluate, and use effectively the needed information.

Outcomes: Students will be able to . . .
1.4 Evaluate issues (for example economic, legal, historic, social) surrounding the use of information.

2. Critical Thinking

Definition: The ability to think critically about the nature of knowledge within a discipline and about the ways in which that knowledge is constructed and validated and to be sensitive to the ways these processes often vary among disciplines.

Outcomes: Students will be able to . . .
2.4 Evaluate decisions by analyzing outcomes and the impact of actions.

3. Communication

Definition: Understanding and producing effective written, spoken, visual, and non-verbal communication.

Outcomes: Students will be able to . . .
3.1 Recognize, read, and comprehend academic and/or professional writing.
3.2 Recognize, produce and demonstrate appropriate interpersonal, group, and public speaking skills.

4. Community & Cultural Diversity

Definition: Recognizing the value of human communities and cultures from multiple perspectives through a critical understanding of their similarities and differences.

Outcomes: Students will be able to . . .
4.2 Understand, value and respect human differences and commonalities as they relate to issues of race, social class, gender, sexual orientation, disabilities and culture.
4.4 Demonstrate effective communication across differences in human communities and cultures.
4.5 Adapt to and function effectively in communities and cultures different from one's own.

5. Global & Local Awareness & Responsibility

Definition: Understanding the complexity and interdependence of, and stewardship responsibilities to, local and global communities and environments.

Outcomes: Students will be able to . . .
5.1 Understand the impact of their own and other’s actions on local/global communities and environments and how those communities/environments affect them in turn.

Course Contents

  1. Absolute and comparative advantage
  2. Production and consumption possibilities curves.
  3. Terms of trade.
  4. Tariffs, quotas, embargoes.
  5. Reasons not to engage in trade.
  6. Balance of payments.
  7. Foreign exchange rates.
  8. International diversity.
  9. Multinational U.S. global strategies.