I. General Information

1. Course Title:
International Business

2. Course Prefix & Number:
BUSN 1164

3. Course Credits and Contact Hours:

Credits: 3

Lecture Hours: 3

4. Course Description:

This course provides students with an understanding of the core concepts related to the international environment in which business is conducted today. Students are expected to be able to understand the global economy as well as the structural frameworks that influence an organization's global operations.

5. Placement Tests Required:

6. Prerequisite Courses:

There are no prerequisites for this course.

9. Co-requisite Courses:

There are no corequisites for this course.

II. Transfer and Articulation

1. Course Equivalency - similar course from other regional institutions:

Minneapolis Community and Technical College, BUSN 2270 Intro to International Business, 3 credits
Rochester Community and Technical, BUS 2150 Introduction to International Business, 3 credits

III. Course Purpose

1. Program-Applicable Courses – This course is required for the following program(s):

Business Management, AAS Degree

IV. Learning Outcomes

1. College-Wide Outcomes

College-Wide Outcomes/Competencies	Students will be able to:
Demonstrate reading and listening skills	Complete chapter assignments.
Apply ethical principles in decision-making	Solve international business ethical case problems.
Discuss/compare characteristics of diverse cultures and environments	Complete an Adopt-A-Country project.

2. Course Specific Outcomes - Students will be able to achieve the following measurable goals upon completion of the course:

• Articulate international and global business concepts;
• Identify international trade participation factors;
• Describe international strategies for entering foreign markets;
• Identify training and development needs for expatriates and host-country nationals;
• Differentiate between market, command, and mixed economies;
• Articulate three ways to understand cultural differences;
• Identify the advantages of location;
• Identify three components to know about currency when doing business internationally; and
• Articulate how to make global alliances and acquisitions successful.

V. Topical Outline

Listed below are major areas of content typically covered in this course.

1. Lecture Sessions

1. Globalizing Business
   • Institution-based view
   • Resource-based view
   • Pendulum view
   • World economy
2. Politics, Laws, and Economics
   • Political systems
   • Legal systems
   • Economic systems
3. Cultures, Ethics, and Norms
   • Culture
   • Cultural differences
   • Ethics
   • Norms and ethical challenges
4. Resources and Capabilities
   • VRIO rramework
   • Value
   • Rarity
   • Imitability
   • Organization
5. Trading Internationally
   • Theories of international trade
   • Realities of international trade
6. Investing Abroad Directly
   • FDI vocabulary
   • Ownership advantages
   • Location advantages
   • Internationalization advantages
7. Dealing With Foreign Exchange
   • Foreign exchange rate determinants
   • International monetary system
   • Strategic responses
8. Regional Integration
   • Organizing world trade
   • Integrating regional economies
   • Regional integration in Europe
   • Regional integration in the Americas
   • Regional integration in the Asia Pacific
9. Entering Foreign Markets
   • Liability of foreignness
   • Where to enter
   • When to enter
   • How to enter
10. Alliances and Acquisitions
    • Formation of alliances
    • Dissolution of alliances
    • Performance of alliances
    • Motives for acquisitions
11. Managing Human Resources Globally
    • Staffing
    • Training and development
    • Compensation and performance appraisal
    • Labor relations