International Business I
- Management Sciences
- 400 level
- 2 credit units
- 169 pages
- 17 units
This course introduces learners to the fundamental concepts of international trade and business, focusing on strategies for entering global markets. It explores theories of international trade, the world business environment, and the impact of globalization and foreign direct investment. The course also covers ethical and financial aspects, including the role of the International Monetary Fund and international finance institutions. Students will gain insights into multinational corporations and the complexities of international business practices.
About this course
- Difficulty
- Intermediate
- Study hours
- 208 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 ENT419, taken from the course material NOUN publishes.
- Module Three: Ethical and Financial Aspects of International BusinessPage 6
- UNIT 1: IntroductionPage 18
- UNIT 2: BASES OF INTERNATIONAL TRADEPage 26
- UNIT 3: World Business EnvironmentPage 34
- UNIT4: GlobalizationPage 40
- Unit 5: Foreign Direct Investment (FDI)Page 49
- Unit 6: Political –Economy of International TradePage 63
- UNIT 7: Mode of Entering International MarketsPage 72
- UNIT 8: International MarketingPage 84
- UNIT 9: Distribution StrategyPage 98
- UNIT TEN 10: Export and Import PracticePage 109
- Unit 11: Multinational Corporations (MNCs)Page 118
- UNIT 12: Ethical Issues in International BusinessPage 126
- UNIT 13: Financial Influence on International BusinessPage 135
- UNIT 14: International Monetary SystemPage 141
- UNIT 15: International LiquidityPage 150
One paragraph, so you can see how it reads
ENT419 · Module Three: Ethical and Financial Aspects of International Business
At the end of the course, you are expected to sit for a final examination of three hours duration. The final examination grade is 70 percent while the remaining 30 percent is from TMAs. The final examination is a reflection of what you have read and previous TMAs encountered.
What you should be able to do
- Differentiate between international business and international trade.
- Explain modes of entering world markets.
- Describe the operations of multinational corporations (MNCs).
- Explain ethical issues in international business.
- Explain the influence of the International Monetary Fund on international business.
What it prepares you for
- International Marketing Manager
- Global Business Consultant
- Export/Import Specialist
- International Trade Analyst
- Multinational Corporation Manager
- International Trade
- Global Supply Chain Management
- Multinational Corporations
- Financial Services
- Government and Regulatory Agencies
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 1: An Overview of International Trade and International Business
Unit 6: Political Economy of International Trade
Requires understanding of complex economic models and their implications for trade policies.
- Module 3: Ethical and Financial Aspects of International Business
Unit 13: Financial Influence on International Business
Involves understanding of complex financial instruments and their impact on international business operations.
A suggested way through it
13 weeks, about 46 hours in total. Yours will differ.
- Week 1Module 1: An Overview of International Trade and International Business
Unit 1: Introduction to international business · 2 hours
Read the introduction to international business.. Understand the differences between domestic and international business.. Identify reasons for international trade and barriers..
Unit 2: Bases of International Trade · 2 hours
Study the production possibility curve.. Understand the principles of absolute and relative advantage.. Examine the factor endowment theory..
- Week 2Module 1: An Overview of International Trade and International Business
Unit 3: World Business Environment · 3 hours
Analyze the demographic environment.. Study the natural and political-legal environments.. Understand the socio-cultural and technological environments..
- Week 3Module 1: An Overview of International Trade and International Business
Unit 4: Globalization · 3 hours
Define globalization and its impact on markets and production.. Examine the benefits and shortcomings of globalization.. Identify the drivers of globalization..
- Week 4Module 1: An Overview of International Trade and International Business
Unit 5: Foreign Direct Investment (FDI) · 3 hours
Define Foreign Direct Investment (FDI).. Understand the forms of FDI and reasons for its occurrence.. Study the theories of FDI..
- Week 5Module 1: An Overview of International Trade and International Business
Unit 6: Political Economy of International Trade · 3 hours
Study the instruments of trade policy.. Understand the political arguments for intervention.. Examine the economic arguments for intervention..
- Week 6Module 2: International Business Strategies
Unit 7: Mode of Entering International Markets · 3 hours
Understand international market entry decisions.. Study exporting strategies (indirect and direct).. Examine joint venturing options..
- Week 7Module 2: International Business Strategies
Unit 8: International Marketing · 3 hours
Define international marketing and target market selection.. Study standardization versus adaptation strategies.. Examine product and pricing policies..
- Week 8Module 2: International Business Strategies
Unit 9: Distribution Strategy · 3 hours
Understand channels of distribution and their forms.. Study channel adaptation and determinants of channel types.. Examine channel management decisions..
- Week 9Module 2: International Business Strategies
Unit 10: Export and Import Practice · 3 hours
Study export and import practices.. Understand export payment terms and procedures.. Examine pitfalls and mistakes of new exporters..
- Week 10Module 2: International Business Strategies
Unit 11: Multinational Corporations (MNCs) · 3 hours
Define multinational corporations (MNCs).. Understand arguments for and against MNCs.. Examine forms of multinational operations..
- Week 11Module 3: Ethical and Financial Aspects of International Business
Unit 12: Ethical Issues in International Business · 3 hours
Study ethical issues in international business.. Understand theories of business ethics.. Examine stakeholder, social contract, and legitimacy theories..
- Week 12Module 3: Ethical and Financial Aspects of International Business
Unit 13: Financial Influence on International Business · 3 hours
Study financial influences on international business.. Understand fluctuating currency values and currency exchange controls.. Examine balance of payment and tariffs..
- Week 13Module 3: Ethical and Financial Aspects of International Business
Unit 14: International Monetary Fund System · 3 hours
Define international monetary systems.. Understand the Bretton Woods system and its collapse.. Examine the European Monetary System..
Unit 15: International Liquidity · 3 hours
Define international liquidity and its problems.. Understand the concept of Special Drawing Rights (SDRs).. Examine international finance and lending institutions..
Unit 16: International Finance and Lending Institutions · 3 hours
Study international finance and lending institutions.. Understand the roles of the International Monetary Fund, International Development Association, and African Development Bank.. Review all course materials and prepare for final examination..
Preparing for the exam
- Review key concepts from each module, focusing on definitions and applications.
- Create summaries of the main theories of international trade and investment.
- Practice analyzing case studies related to ethical dilemmas in international business.
- Familiarize yourself with the roles and functions of international organizations like the IMF and World Bank.
- Review all Tutor Marked Assignments (TMAs) and their solutions to identify areas of weakness.
- Create concept maps linking units within each module to understand relationships.
- Allocate specific time slots for focused study sessions each week.
- Practice answering past exam questions to improve time management and recall.
- Focus on understanding the impact of globalization on different industries and economies.
- Review financial terms and concepts related to international trade and investment.
Questions students ask about this course
What is ENT419 about?
This course introduces learners to the fundamental concepts of international trade and business, focusing on strategies for entering global markets. It explores theories of international trade, the world business environment, and the impact of globalization and foreign direct investment. The course also covers ethical and financial aspects, including the role of the International Monetary Fund and international finance institutions. Students will gain insights into multinational corporations and the complexities of international business practices.
How many units does ENT419 have?
ENT419, International Business I, has 17 units across 2 modules, over 169 pages of course material. You can read it one unit at a time.
How many credit units is ENT419?
ENT419 carries 2 credit units, at 400 level in Management Sciences.
Is ENT419 hard?
ENT419 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.
How long does ENT419 take to study?
About 208 hours of study, spread across its 17 units.
How is ENT419 assessed?
ENT419 is assessed by assignments, tutor marked assessments and final examination.
What can I do with ENT419?
International Marketing Manager, Global Business Consultant, Export/Import Specialist, International Trade Analyst and Multinational Corporation Manager.