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Programs of
Study
International Business
Course Descriptions
— International Business
- ECO/IB 351 — (D) Environment of
International Business — 3 credits
- (Prerequisites: Eco 153-154, junior standing) This course introduces the student to the field of international business, including the economic, social, and political environments of international trade and multinational corporations. International institutions and agencies that impact on international business are discussed and practical aspects of these topics are emphasized.
- ECO/IB 375 — International
Economics — 3 credits
- (Prerequisites: Eco 153-154 or ECO 351 or permission of the instructor) This course explains the rationale for international trade and gains from trade and discusses various trade policies. Topics covered in the course include: comparative advantage, free trade and trade restrictions (tariffs, quotas, etc.), the trade policy of the United States, exchange rates and their determinants, balance-of-payments analysis, and the significance of multinational corporations.
- ACC /IB 475 — International
Accounting — 3 credits
- (Prerequisites: Acc 252 or 254, Eco 351) This course is designed for both accounting and non-accounting majors with an interest in global accounting issues. The environmental influences on accounting development, the reporting standards for selected countries, financial statement analysis, and taxation and managerial accounting issues for multinational business entities are examined.
- FIN/IB 475 — International
Finance Management — 3 credits
- (Prerequisites: Eco 351, Fin 351) This course deals with the environment of international financial management, the foreign-exchange-risk management, the multinational working-capital management, the international financial markets and instruments, foreign investment analysis, and the management of ongoing operations. It also exposes students to a wide range of issues, concepts, and techniques pertaining to international finance.
- MGT/IB 475 — International
Management — 3 credits
- (Prerequisites: Eco 351, Mgt 351) Focuses on functional strategies of multinational corporations (MNCs), structure and control systems of MNCs, and comparative management. Specific MNC strategies to be covered include entry, sourcing, marketing, finance, human resources and public affairs. Study of structure and control systems includes corporate structure and headquarters-subsidiary relationships. Study of comparative management systems focuses on nature of management systems and practices in different cultures.
- MKT /IB 475 — International
Marketing — 3 credits
- (Prerequisites: Mkt 351, Eco 351) Analysis of the marketing strategies of multinational corporations with emphasis on the internal environment of country markets. Discussions will include comparisons of different regional markets along socioeconomic, political and cultural lines. Different types of international market barricades and the corresponding market-entry strategies will be analyzed. Additional readings from international publications will be required.
- IB 476 — U.S.-East Asia Trade and
Investment — 3 credits
- (Prerequisite: Ecoco 351) This course describes and analyzes trade and investment flows between the U.S. and Japan, China, Korea and Taiwan. Topics covered in the course include: economic trends in these countries, U.S. trade and investment with them, U.S. trade deficit, trade policies of the U.S. and these countries, analysis of Japan’s Keiretsu, Korea’s Chaebol, China’s MFN status and Taiwan’s environmental problems.
- IB 477 — European
Business — 3 credits
- (Prerequisite: ECO/IB 351) This course introduces
the student to the European business environment, focusing on the implications
for international business operations and competitiveness. This includes the
study of rapidly changing business environments in Central and Eastern Europe
(CEE) as well as the nations of the European Union (EU). The elimination of
barriers to trade, and the response of companies inside and outside the EU to
the threats and opportunities of the Single Market are examined.
- IB 478 — Business in China — 3 credits
- (Prerequisite: Ecoco/IB 351) This course introduces the student to the dynamic business environment in the People’s Republic of China, focusing on the implications for international business operations and competitiveness.
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- IB 495 — European Business
Experience — 3 credits
- (Prerequisites: MGT 351, MKT 351, ECO/IB 351) Students will have an opportunity to participate in lecture-discussion sessions with top-level executives from various multinational corporations, local business firms and government agencies in a number of different countries in Europe. Participants will gain a basic understanding of the issues prominent in international business today. Course involves travel to Europe. (Also listed as MGT 495 and MKT 495.)
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