IB 500 Global Economy
| Texts: | Root, Franklin R., International Trade and Investment, Southwestern, 1994. |
| Terpstra, V. and David, K. The Cultural Environment of International Business, Southwestern, 1991. | |
| Others: | The Economist, the Wall Street Journal, the Business Week, etc. |
| Course | This course is designed to introduce the basic theory of international business |
| Objective: | and major current issues in the global economy via an examination of |
| of sociocultural and economic environment of various countries. This course does not show how to carry out a global business. | |
| Course Schedule: |
| Week 1: | Global Economy | R - 1, 2, 5 |
| Week 2: | Tariffs and Free Trade | R - 6, 7 |
| Culture and Language | T - 1, 2 | |
| Week 3: | GATT and NAFTA | R - 8, 9, 10 |
| Religion and Values | T - 4, 5 | |
| Week 4: | Foreign Exchange Markets | R - 11, 12 |
| Education | T - 3 | |
| Week 5: | Midterm (2 hours) | |
| Week 6: | Hedging and Balance of Payments | R - 13, 14 |
| Week 7: | International Monetary System | R - 18, 19 |
| Week 8: | International Development | R - 20, 21 |
| Week 9: | International Investment | R - 22, 23 |
| Week 10: | Oral Presentation and Discussion | |
| Final Exam (2 hours) | ||
| Evaluation: | Course grades will be determined on the following basis: |
| Midterm Exam | 35% |
| Final Exam | 35% |
| Group Project | 30% |
| To encourage sharing of diverse opinion, class attendance and participation may be considered as extra points. | |
| See grading policy for the grading scale of this class. | |
| Group Project: | Each group of less than 6 students will conduct a thorough analysis of the |
| economic and business environment in one of the following countries: | |
| Argentina, Brazil, Mexico, Japan, Taiwan, Korea, China, Indonesia, Italy, Russia, Ireland, and Portugal. | |
| A member of the group will give a 15 minute oral presentation by highlighting the results of the group project. The written report should be about 12 to 15 pages in length and must include as much evidence as possible to support the points in argument. |