International Business
- Management Sciences
- 400 level
- 3 credit units
- 190 pages
- 21 units
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.
About this course
- Difficulty
- Intermediate
- Study hours
- 60 hours
- Maths
- Basic
- Content
- Theoretical, case study
- Practical work
- No
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of BUS419, taken from the course material NOUN publishes.
- UNIT 1: Introduction to International BusinessPage 7
- UNIT 2: BASES OF INTERNATIONAL TRADEPage 16
- UNIT 3: World Business EnvironmentPage 23
- UNIT4: GlobalizationPage 30
- Unit 5: Foreign Direct Investment (FDI)Page 41
- Unit 6: Instruments of International Trade PolicyPage 53
- Unit 7: Mode of Entering International MarketPage 61
- Unit 8: International MarketingPage 72
- UNIT 9: Distribution StrategyPage 86
- UNIT TEN 10: Export and Import PracticePage 97
- Unit 11: Multinational Corporations (MNCs)Page 106
- UNIT 12: Ethical Issues in International BusinessPage 111
- UNIT 13: Financial Influence on International BusinessPage 117
- UNIT 14: International Monetary SystemPage 123
- UNIT 15: International Finance and Lending InstitutionsPage 132
- UNIT 16: International LiquidityPage 141
- UNIT 17: DEVELOPMENT OF FINANCIAL INSTITUTIONS SYSTEMPage 149
- UNIT 18: APPRAISAL OF THE ECONOMIC PERFORMANCE OF THE FINANCIAL INSTITUTIONSPage 154
- UNIT 19: ECONOMIC DEVELOPMENTPage 159
- UNIT 20: THE LEGAL ENVIRONMENTPage 169
- UNIT 21: THE REGULATORY ENVIRONMENTPage 180
One paragraph, so you can see how it reads
BUS419 · UNIT 1: Introduction to International Business
Excellent networking abilities: Excellent networking and abilities to the exchange of information and ideas among people with a common profession or special interest, usually in an informal social setting. However, in international business, networking is needed to professionally speaks to business professionals.
What you should be able to do
- Differentiate between international business and international trade
- Explain modes of entering world markets
- Explain globalization and its drivers
- Explain foreign direct investment (FDI) and its theories
- Explain some ethical issues on international business
What it prepares you for
- International Marketing Manager
- Export/Import Specialist
- Global Business Consultant
- International Trade Analyst
- Foreign Investment Advisor
- Manufacturing
- Finance
- Consulting
- Logistics
- Government
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module One: An Overview of International Trade and International Business
Unit 2: Bases of International Trade
Advanced theories such as the Factor Endowment Theory require understanding of complex economic principles and assumptions.
- Module Two: International Business Strategies
Unit 2: International Marketing
Understanding the nuances of cultural differences and adapting marketing strategies accordingly demands critical analysis and sensitivity.
A suggested way through it
13 weeks, about 26 hours in total. Yours will differ.
- Week 1Module One: An Overview of International Trade and International Business
Unit 1: Introduction to International Business · 2 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 2Module One: An Overview of International Trade and International Business
Unit 2: Bases of International Trade · 2 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 3Module One: An Overview of International Trade and International Business
Unit 3: World Market Environment · 2 hours
Explain the World Business Environment. Identify the components of the World Business Environment. Discuss the challenges of International Business.
- Week 4Module One: An Overview of International Trade and International Business
Unit 4: Globalization · 2 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 5Module One: An Overview of International Trade and International Business
Unit 5: Foreign Direct Investment (FDI) · 2 hours
Describe Foreign Direct Investment (FDI). Give reasons for foreign direct Investment. Explain theories of FDI. State benefits of FDI.
- Week 6Module One: An Overview of International Trade and International Business
Unit 6: Political Economy of International Trade · 2 hours
Define political economy. Explain instruments of trade policy. Discuss political arguments for and against intervention in international business.
- Week 7Module Two: International Business Strategies
Unit 1: Mode of Entering International Markets · 2 hours
Explain modes of entering international markets. Select the best entry option for your business. Advise clients on approaching an international market.
- Week 8Module Two: International Business Strategies
Unit 2: International Marketing · 2 hours
Define international marketing. Explain standardization and adaptation. Explain international promotional policies.
- Week 9Module Two: International Business Strategies
Unit 3: Distribution Strategies · 2 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 10Module Two: International Business Strategies
Unit 4: Exports and Imports Practices and · 2 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 11Module Two: International Business Strategies
Unit 5: Multinational Corporations (MNCS) · 2 hours
Define a multinational corporation. List the criticism for and against multinational corporation. Classify forms of multinational corporations.
- Week 12Module Three: Ethical and Financial Aspects ofInternational Business
Unit 1: Ethical Issues on International Business · 2 hours
State ethical issues in international business. Explain ethical issues in international business.
- Week 13Module Three: Ethical and Financial Aspects ofInternational Business
Unit 2: Financial Influence on International Business · 2 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.
Preparing for the exam
- Create concept maps linking Units 1-6 trade theories
- Practice analyzing case studies from Units 7-9 weekly
- Focus on ethical frameworks from Unit 10
- Review financial terms from Units 11-13 weekly
- Summarize key points from each unit weekly
Questions students ask about this course
What is BUS419 about?
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.
How many units does BUS419 have?
BUS419, International Business, has 21 units across 1 module, over 190 pages of course material. You can read it one unit at a time.
How many credit units is BUS419?
BUS419 carries 3 credit units, at 400 level in Management Sciences.
Is BUS419 hard?
BUS419 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.
How long does BUS419 take to study?
About 60 hours of study, spread across its 21 units.
How is BUS419 assessed?
BUS419 is assessed by assignments, tutor marked assessments and final examination.
What can I do with BUS419?
International Marketing Manager, Export/Import Specialist, Global Business Consultant, International Trade Analyst and Foreign Investment Advisor.