- One course which relates to the functional discipline (Accounting, Economics, Finance, Management, Marketing, or International Trade and Policy) which the candidate has chosen to emphasize – this course would normally be chosen from among the following:
- One course in International Business outside the particular functional discipline chosen by the candidate.
- Two courses in the discipline which the candidate has chosen to emphasize which need not come from the International Business course offerings.
Emphasis in International Trade Policy
Students pursuing the International Trade Policy emphasis would take
These three courses would replace the requirements in the first and third bullet above.
INTERNATIONAL TRADE THEORY AND POLICY
Modern theories of international trade: classical theory of comparative advantage, factor proportions theory, factor price equalization, application of welfare economics to international trade, including regional economic integration, commercial policy and tariff problems.
This course analyzes traditional macroeconomic issues in a framework that explicitly allows for international trade and capital flows. Topics covered include exchange rate and balance of payments determination, the impact of international trade and capital mobility on domestic monetary and fiscal policy, fixed vs. floating exchange rate systems, exchange rate overshooting and other topics. Cross-listed as ECO 558.
International Finance integrates the financial activities, institutions, and multinationals of the global finance arena. In addition to extending the tools of financial analysis to an international setting, the course studies the strategies available to a multinational because of operations in a multiple of countries. Topics include foreign currency and political risk, capital budgeting in a multinational setting, and cash flow management between countries.
Prerequisite: FIN 555
The objective of this course is to develop clear awareness of the international business operations, practices and environment. It provides the concepts, methods and tools necessary to face the global challenges in international management. The objective is met through lectures, classroom discussions, library assignments and research work. Students will learn the effective use of the international business references. By the end of the course, they are expected to have developed a high level of competency in acquiring, understanding, analyzing and synthesizing international management information from international business directories, databases and CD-ROMs.
The differences between markets and distribution systems in various countries are explored. By emphasizing the social and economic factors causing these differences a sound understanding of and empathy with different international marketing problems are developed. Analyses are made of the organization of trade channels in various cultures, of typical government policies towards international trade in countries at different stages of development, and of international marketing research, advertising, and exporting. Offered Variably.
MKT 555 is a prerequisite for this class.
ECONOMICS OF DEVELOPING COUNTRIES
This course reviews models of economics development and some of the key issues in economic development including agricultural and rural development, population, economic growth, the role of government, health, education, income distribution, trade regime and policy, international capital flows and the environment, international trade and foreign resource flows. The course integrates country studies of selected developing economies and regions, cross-country statistical studies and theoretical tools drawn from the fields of microeconomics, macroeconomics, and international trade.
Content and format of the course are variable. An in-depth study of current issues. Subject mater will be indicated in class schedule. Offered Variably.