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BUS419Management Sciences3 Unitsintermediate

International Business

This course provides an overview of international business, covering fundamental concepts in international trade and the basis of entering world business markets. It explores international business strategies, the world business environment, and the political economy of international trade. The course also examines ethical and financial aspects, including the international monetary fund system, international liquidity, and international finance and lending institutions. It aims to equip learners with the knowledge for planning and executing activities in the international business process.

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60h
Study Time
13
Weeks
5h
Per Week
basic
Math Level
Course Keywords
International TradeGlobalizationForeign InvestmentEthical IssuesFinancial Systems

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
Math Level
Basic Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

International Trade Theories

2

Globalization and its Impact

3

Foreign Direct Investment

4

Ethical Considerations in International Business

5

International Financial Systems

6

Market Entry Strategies

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

International Marketing Manager

Apply your skills in this growing field

Export/Import Specialist

Apply your skills in this growing field

Global Business Consultant

Apply your skills in this growing field

International Trade Analyst

Apply your skills in this growing field

Foreign Investment Advisor

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

ManufacturingFinanceConsultingLogisticsGovernment

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module One: An Overview of International Trade and International Business

2h

Unit 1: Introduction to International Business

2 study hours
  • Define international business and domestic business
  • Identify skills needed for international business
  • Explain differences between domestic and international trade
  • Discuss reasons for international trade and barriers
Week
2

Module One: An Overview of International Trade and International Business

2h

Unit 2: Bases of International Trade

2 study hours
  • Explain the Production Possibility Curve (PPC)
  • Discuss the Principles of Absolute Advantage
  • Explain the Principles of Comparative Advantage
  • Describe the Factor Endowment Theory
Week
3

Module One: An Overview of International Trade and International Business

2h

Unit 3: World Market Environment

2 study hours
  • Explain the World Business Environment
  • Identify the components of the World Business Environment
  • Discuss the challenges of International Business
Week
4

Module One: An Overview of International Trade and International Business

2h

Unit 4: Globalization

2 study hours
  • Define globalization
  • Describe the globalization of markets and production
  • Discuss the main features, benefits, and shortcomings of globalization
  • Identify the drivers and implications of globalization
Week
5

Module One: An Overview of International Trade and International Business

2h

Unit 5: Foreign Direct Investment (FDI)

2 study hours
  • Describe Foreign Direct Investment (FDI)
  • Give reasons for foreign direct Investment
  • Explain theories of FDI
  • State benefits of FDI
Week
6

Module One: An Overview of International Trade and International Business

2h

Unit 6: Political Economy of International Trade

2 study hours
  • Define political economy
  • Explain instruments of trade policy
  • Discuss political arguments for and against intervention in international business
Week
7

Module Two: International Business Strategies

2h

Unit 1: Mode of Entering International Markets

2 study hours
  • Explain modes of entering international markets
  • Select the best entry option for your business
  • Advise clients on approaching an international market
Week
8

Module Two: International Business Strategies

2h

Unit 2: International Marketing

2 study hours
  • Define international marketing
  • Explain standardization and adaptation
  • Explain international promotional policies
Week
9

Module Two: International Business Strategies

2h

Unit 3: Distribution Strategies

2 study hours
  • Define a channel of distribution for goods or services
  • Explain channel members involved in moving goods from manufacturers to consumers
  • Explain the determinants of channel types
Week
10

Module Two: International Business Strategies

2h

Unit 4: Exports and Imports Practices and

2 study hours
  • Define Export and Import
  • Describe people who are involved in export
  • Give reasons for export
  • Mention procedure for import and export
  • List documents involved in exporting and importing of goods/ and services
Week
11

Module Two: International Business Strategies

2h

Unit 5: Multinational Corporations (MNCS)

2 study hours
  • Define a multinational corporation
  • List the criticism for and against multinational corporation
  • Classify forms of multinational corporations
Week
12

Module Three: Ethical and Financial Aspects ofInternational Business

2h

Unit 1: Ethical Issues on International Business

2 study hours
  • State ethical issues in international business
  • Explain ethical issues in international business
Week
13

Module Three: Ethical and Financial Aspects ofInternational Business

2h

Unit 2: Financial Influence on International Business

2 study hours
  • Explain factors that affect international business finance
  • Explain the implication of foreign currency on international business
  • Explain balance of payment
  • Explain tariff, taxation and Government regulatory policy on international business activities

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create concept maps linking Units 1-6 trade theories

2

Practice analyzing case studies from Units 7-9 weekly

3

Focus on ethical frameworks from Unit 10

4

Review financial terms from Units 11-13 weekly

5

Summarize key points from each unit weekly

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