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INTST 150 International Business • 5 Cr.

Description:

Surveys international business and trade. Students focus on the inter-relationships among technology, culture, law, and economics in the contemporary world.

Outcomes:

After completing this class, students should be able to:

  • International Business provides an overview of the complexities of our global marketplace. We focus on understanding the importance of international business, in the context of basic business principles and the environment of international business operations and contemporary issues and challenges facing those working in the global marketplace.
  • The primary learning objective of INSTS 150 is to develop the students' cognitive skills in the area of international business through the analysis of international institutions and financial operations in the context of international markets and a global economy.
    • The following ideas and approaches will be used to teach the students to critically analyze contemporary international business issues.
      • Recognize international realities vs. myth, image.
      • Take into account perspective of governments, business groups, etc.
      • Compare and contrast information resources.
      • Identify cause and effect relationships.
      • Make judgments and draw logical conclusions.
      • Confront own biases.
    • The students will then apply these learning skills while covering the following materials;
INTRODUCTION
        • Identify and analyze the importance of international commerce using correct terminology.
        • Grasp the cultural, social, economic, and political forces which shape international business.
        • Recognize the influence of finance markets in foreign exchange, etc.
        • Recognize some of the key management challenges and strategy of originations regarding foreign investment and overseas operations, including human resources.
        • Make key connections between current events and the in international market place.
INTERNATIONAL BUSINESS ENVIRONMENT
        • Students will be able to understand international trade environments.
        • Students will be able to recognize major trading partners, group of seven.
        • Students will be able to note the value of foreign investment abroad.
THEORIES OF INTERNATIONAL TRADE
        • Students will be able to see the effects of mercantilism.
        • Students will be able to see the advantages of comparative advantage.
        • Students will be able to recognize tariff and nontariff trade barriers.
        • Students will understand the fundamentals of Michael Porter's theory of Competitive Advantage.
INTERNATIONAL ORGANIZATION
        • Students will be able to grasp the role of the United Nations.
        • Students will understand the role of the IMF and the World Bank.
        • Students will be able understand the value of Regional Development Banks.
        • Students will understand the role of the GATT.
        • Students will be able to understand the role of the ISO.
INTERNATIONAL MONETARY SYSTEM AND THE BALANCE OF PAYMENTS
INTERNATIONAL ECONOMIC INTEGRATION
        • Students will be able to identify free trade areas.
        • Students will be able to identify customs unions.
        • Students will be able to identify common markets.
        • Students will be able to identify economic union.
        • Students will review the gold standard, historically.
        • Students will understand the Bretton Woods Agreement.
        • Students will understand the role of trade in the balance of payments.
POLITICAL FORCES IN INTERNATIONAL BUSINESS
        • Students will be able to recognize ideological forces.
        • Students will be able to recognize the role of government ownership.
        • Students will be able to distinguish between, expropriation, nationalization, and confiscation.
        • Students will understand the role protectionism.
LEGAL FORCES
        • Students will be able to understand domestic legal implications on international business.
        • Students will be able to understand efforts toward international standardizations.
        • Students will be able to recognize the differences between code and common law.
THE ELEMENTS OF CULTURE
        • Students will learn the elements of culture.
        • Students will be able to recognizes the influences of culture on business practices.
        • Students will be able to evaluate the need for sensitivity to cultural variations.
MANAGING INTERNATIONAL ORGANIZATIONS
        • Students will be able to identify planning and organizing needs of the business operating in the international arena.
        • Students will be able to evaluate basic HR issues.
        • Students will be able to understand issues affecting the labor force.
EXPORT PRACTICES
        • Students will be able to recognize the value of EMC'S.
        • Students will be able to understand the risks and costs and benefits of licensing agreements.
        • Students will learn the fundamentals of distribution setup.
LOGISTICS
        • Students will be able to distinguish various modes of ocean transport.
        • Students will be able to recognize the values of air freight.
        • Students will be able to understand the role of brokers and forwarders
        • Students will be able to understand the principles of JIT.
ACCOUNTING AND TAXATION
        • Students will understand the major variations in domestic tax structures.
        • Students will be able to understand how U.S. firms evaluate various levels of ownership of foreign assets for accounting and tax purposes.

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Bellevue College
3000 Landerholm Circle SE Bellevue, WA 98007-6484 U.S.A.
Work: (425) 564-1000