Business in a World Economy

Course ID
BUS 315
ECTS Credits

This course will enable students to understand and recognize the causes and effects of globalization in the international economy by providing a foundation of knowledge based on fundamental theories of economics, politics, monetary and financial systems, marketing, trade and resources.

Through the use of lectures, group discussions, in-class and homework assignments, presentations, case studies, and other learning tools and methods, the students will be able to develop a critical perspective of our inter-connected, modern, global economy and will learn skills and tools to assist in the development of solutions to aid in forecasting, problem-solving and successfully dealing with the ever-changing global economic environment.

Learning Outcomes:

Upon completion of this course, the student will be able to:

  • Understand the who, where, what, why, when, and how of globalization
  • Understand and identify culture and its significance; Ethics and Corporate Social Responsibility
  • Understand and identify political and legal issues and systems; Understand and explain types of economies and their functions and features; Measuring development
  • Understand international trade and theories of advantage; Understand Foreign Direct Investment
  • Describe motivation and influence on trade of government actions
  • Define levels of economic integration and involvement around the world
  • Discuss international capital, bond, equity and currency markets; Explain currency rates
  • Describe exchange rate effects and forecasting methods
  • Identify and explain international and corporate-, business-, and department-level strategies; Primary and secondary market research
  • Explain export, import, countertrade, and financing means; International marketing strategies and branding
  • Identify and understand production strategy elements and physical resource considerations; Understand International Human Resource Management functions
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