International Business

Singapore University of Social Sciences

International Business (MGMT335)

Synopsis

This course presents an analysis of economic development and international trade in modern times, with an examination of current US relations with other nations. Attention will be focused on the impact of foreign trade on the aviation industry and the industry's contribution to economic development.

Level: 3
Credit Units: 5
Presentation Pattern: Every semester
E-Learning: BLENDED - Learning is done MAINLY online using interactive study materials in Canvas. Students receive guidance and support from online instructors via discussion forums and emails. This is supplemented with SOME face-to-face sessions. If the course has an exam component, This will be administered on-campus.

Topics

Introduction to the Economic and Political International Environment
Human and Cultural Environment
Trade Theory
Government's Influence on Trade
Foreign Exchange
Exchange Rates
Sourcing and Production
Foreign Operations
Country Evaluation
Control
Marketing
Multinational Finance

Learning Outcome

Describe the political and economic systems in use around the world and discuss the cultural and behavioral environments facing multinational business
Explain a government's rationale for influencing or intervening in trade and identify different forms of trade control.
Discuss the terms and definitions of foreign exchange including the role of convertibility in transactions and describe how the foreign exchange market works
Describe the International Monetary Fund and its role in the determination of exchange rates.
Describe the considerations that firms should explore when entering into international contractual arrangements with other companies.
Explain the special control challenges of foreign operations.
Discuss the valid marketing philosophies for different firms in varying international situations and contrast the practices of standardized and differentiated programs.
Describe various facets of the multinational finance function and illustrate how this function fits in the organizational structure of the multinational enterprise.
Identify and assess the value of individual skills, multidisciplinary skills, language resources, career opportunities, professional associations, education and training that lead to a successful career in international business.
Incorporate international civil aviation as a model; determine the techniques, skills, technology, agreements, and partnerships that can improve the security, efficiency, regularity and operational safety of international aviation