BUS 300:International Business

You'll study topics including international trade, global economic development, currency and exchange rates. You'll also examine global marketing, the impact of globalization on business and business ethics on a global scale.

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Course Curriculum

1. Introduction
1. Definition of Globalization
2. Effects of Globalization
3. Lesson Summary
4. The Effects of Globalization
5. Learning Outcomes
6. Quiz 1.1
1. The Four Forms of Capital
2. Lesson Summary
3. Quiz 1.2
1. Globalization
2. Benefits of Globalization
3. Costs of Globalization
4. Lesson Summary
5. Learning Outcomes
6. Quiz 1.3
1. International Expansion
2. The Costs of Doing Business Abroad
3. Liability of Foreignness
4. Lesson Summary
5. Quiz 1.4
1. From International to Global
2. Global Strategy
3. Why Would a Company Go Global?
4. Lesson Summary
5. Quiz 1.5
1. Introduction
1. Defining a Global Mindset
2. Key Attributes
3. Lesson Summary
4. Quiz 2.1
1. Hofstede's Cultural Dimensions
2. The Different Types of Hofstede's Dimensions
3. What Do These Mean?
4. Lesson Summary
5. Learning Outcomes
6. Quiz 2.2
1. Nonverbal Gestures
2. Cultural Intelligence
3. Developing CQ
4. CQ in the Workplace
5. Benefits of CQ
6. Lesson Summary
7. Quiz 2.3
1. Cultural Norms
2. Business Strategy
3. Business Performance
4. Lesson Summary
5. Quiz 2.4
1. Opportunities of Global Business
2. Cultural Challenges
3. Social Challenges
4. Ethical Challenges
5. Lesson Summary
6. Quiz 2.5
1. Introduction
1. Global Business Marketing Overview
2. Cultural Awareness
3. Communication Methods
4. Comparing and Contrasting Methods
5. Lesson Summary
6. Quiz 3.1
1. The Concept of Global Teams
2. Cultural Issues in Teaming
3. Different Cultures & Viewpoints
4. Lesson Summary
5. Learning Outcomes
6. Quiz 3.2
1. The Global Business Environment
2. Proactive Decision-Making
3. Reactive Decision-Making
4. Lesson Summary
5. Quiz 3.3
1. Culture Influences Negotiations
2. Cultural Differences
3. How Culture Applies to Negotiation
4. Lesson Summary
5. Learning Outcomes
6. Quiz 3.4
1. International Business Arbitration
2. What Is the ICC?
3. Dispute Resolution in the ICC
4. Lesson Summary
5. Quiz 3.5
1. Introduction
1. Economic Globalization
2. Impact on Jobs & Pricing
3. Capital Flight
4. Political Impact
5. Lesson Summary
6. Learning Outcomes
7. Quiz 4.1
1. What Is Globalization?
2. Types of Economies
3. Impact of Globalization
4. Effect of Globalization Worldwide
5. Lesson Summary
6. Quiz 4.2
1. What Is Economic Inequality?
2. Developed Nations
3. Developing Nations
4. Lesson Summary
5. Learning Outcomes
6. Quiz 4.3
1. Lesser-Developed Country Defined
2. Social & Political Hurdles
3. Economic & Financial Hurdles
4. Lesson Summary
5. Learning Outcomes
6. Quiz 4.4
1. Lesser-Developed Countries & Development
2. Modernization Theory
3. Dependency Theory
4. World-Systems Theory
5. Lesson Summary
6. Learning Outcomes
7. Quiz 4.5
1. Economic Growth
2. Advantages of Economic Growth
3. Illustrating Economic Growth
4. Lesson Summary
5. Lesson Objectives
6. Quiz 4.6
1. What Is Economic Globalization?
2. Globalization and the U.S. Economy
3. How the U.S. Economy is Affected
4. Lesson Summary
5. Quiz 4.7
1. Introduction
1. Definition
2. Classical Theory
3. Neo-Classical Theory
4. New Growth Theory
5. Lesson Summary
6. Quiz 5.1
1. The Complexity of the Global Market
2. Sociocultural
3. Political and Legal Forces
4. Economic and Financial Forces
5. Physical and Environmental Forces
6. Lesson Summary
7. Learning Outcomes
8. Quiz 5.2
1. International Trade
2. Economics of International Trade
3. Politics of International Trade
4. Benefits of Open Trade
5. Drawbacks of an Open Market
6. Lesson Summary
7. Learning Outcomes
8. Quiz 5.3
1. Comparative Advantage
2. Examining Opportunity Costs
3. Absolute Advantage
4. Lesson Summary
5. Lesson Objectives
6. Quiz 5.4
1. Absolute Advantage
2. Theory of Comparative Advantage
3. Comparative vs. Absolute Advantage
4. Example #1
5. Example #2
6. Lesson Summary
7. Lesson Objectives
8. Quiz 5.5
1. What Is Free Trade?
2. Pros of Free Trade
3. Cons of Free Trade
4. Lesson Summary
5. Review of Free Trade
6. Learning Outcomes
7. Quiz 5.6
1. What Is Economic Integration?
2. Theory of Economic Integration
3. Types of Integration
4. Lesson Summary
5. Quiz 5.7
1. Basics of Trade Deficits and Surpluses
2. Trade Balance
3. Trade Deficit Examples
4. Trade Surplus Examples
5. Lesson Summary
6. Learning Outcomes
7. Quiz 5.8
1. Introduction
1. Historical Trade Barriers
2. Law as a Trade Weapon
3. Monetary Trade Barriers and Embargoes
4. Lesson Summary
5. Learning Outcomes
6. Quiz 6.1
1. Introduction to Trade Restrictions
2. Job Protection
3. Infant Industries
4. Lesson Summary
5. Learning Outcomes
6. Quiz 6.2
1. Basics of Tariffs and Quotas
2. Tariff Effects
3. Quota Effects
4. Additional Effects of Tariffs and Quotas
5. Lesson Summary
6. Learning Outcomes
7. Quiz 6.3
1. Protecting Your Home Turf From Imports
2. Trade Protection Options
3. Advantages and Disadvantages
4. Integration and Selective Protectionism
5. International Trade Regimes
6. Lesson Summary
7. Learning Outcomes
8. Quiz 6.4
1. International Trade
2. Lesson Summary
3. Learning Outcomes
4. Quiz 6.5
1. The World Bank
2. World Bank Group
3. International Monetary Fund
4. Bank for International Settlement
5. Lesson Summary
6. Learning Outcomes
7. Quiz 6.6
1. Time to Expand
2. International Trade Barriers
3. Buying into the Market
4. Non-Equity Modes
5. Lesson Summary
6. Quiz 6.7
1. Introduction
1. Importance of Understanding Exchange Rates
2. Definition and Purpose
3. Types
4. How They Work
5. Conversion Calculations
6. Lesson Summary
7. Learning Outcomes
8. Quiz 7.1
1. Fiscal and Monetary Policies
2. Review of Basics
3. Fiscal Policy Effects
4. Monetary Policy Effects
5. Lesson Summary
6. Learning Outcomes
7. Quiz 7.2
1. Imports and Exports
2. Currency Changes and Imports
3. Currency Changes and Exports
4. Lesson Summary
5. Learning Outcomes
6. Quiz 7.3
1. Currency Terms
2. Strong Exchange Rate Effects
3. Weak Exchange Rate Effects
4. Lesson Summary
5. Learning Outcomes
6. Quiz 7.4
1. What Is Exchange Rate Risk?
2. Short-Run and Long-Run
3. Translation Exposure
4. Lesson Summary
5. Quiz 7.5
1. Purchasing Power
2. Parity Theory
3. Types
4. Lesson Summary
5. Quiz 7.6
1. What Is the Big Mac index?
2. What Is Purchasing Power Parity?
3. Using the Big Mac index
4. Lesson Summary
5. Quiz 7.7
1. Introduction
1. GAAP and Its Acquaintances
2. What Is GAAP?
3. History of GAAP
4. What Influences GAAP?
5. Lesson Summary
6. Learning Outcomes
7. Quiz 8.1
1. Definition
2. International Accounting Standards Committee
3. International Accounting Standards
4. International Financial Reporting Standards
5. Lesson Summary
6. Quiz 8.2
1. International Transfer Pricing: Defined
2. Problems Moving Goods
3. Final Effects of Transfer Pricing
4. Example
5. Lesson Summary
6. Quiz 8.3
1. Background on Foreign Exchange Rates
2. What Is Interest Rate Parity?
3. The International Fisher Effect
4. Interest Arbitrage
5. Lesson Summary
6. Quiz 8.4
1. IFRS
2. IFRS Organization
3. Goals of the IFRS
4. IFRS Standards
5. Impact of Implementing IFRS Standards
6. Lesson Summary
7. Quiz 8.5
1. Why Use an International Bank?
2. International Banking Services
3. Types of International Banks
4. Lesson Summary
5. Learning Outcomes
6. Quiz 8.6
1. International Corporate Finance
2. Political Risk
3. Lesson Summary
4. Quiz 8.7
1. Introduction
1. Sam's Sauce Italiano Goes Global
2. Exporting
3. Licensing
4. Franchising
5. Contract Manufacturing
6. Joint Venture
7. Direct Investment
8. Lesson Summary
9. Learning Outcome
10. Quiz 9.1
1. Exports- Definition
2. Customs
3. Free Trade
4. Examples of Exports
5. Lesson Summary
6. Quiz 9.2
1. Foreign Licensing Agreement Defined
2. How Foreign Licensing Works
3. Advantages of Foreign Licensing
4. Disadvantages of Foreign Licensing
5. Lesson Summary
6. Quiz 9.3
1. Franchise - A Proven Model for Success
2. Advantages of Franchises
3. Disadvantages of Franchises
4. Diversity in Franchising
5. Globalization - A Unique Challenge
6. Lesson Summary
7. Learning Outcomes
8. Quiz 9.4
1. Contract Manufacturing Defined
2. Advantages to Contract Manufacturing
3. Disadvantages to Contract Manufacturing
4. Example
5. Lesson Summary
6. Quiz 9.5
1. Definition
2. Joint Venture Agreement
3. Fiduciaries
4. Example of a Joint Venture
5. Lesson Summary
6. Learning Outcomes
7. Quiz 9.6
1. Definition of Foreign Direct Investment
2. Advantages of FDI
3. Disadvantages to MNEs
4. Lesson Summary
5. Learning Outcomes
6. Quiz 9.7
1. What Is Outsourcing?
2. Benefits
3. Example
4. Lesson Summary
5. Quiz 9.8
1. Offshoring vs. Outsourcing
2. Advantages of Offshoring
3. Disadvantages of Offshoring
4. Lesson Summary
5. Quiz 9.9
1. Introduction
1. Global Marketing
2. Importance of Global Marketing: Opportunity
3. Benefits of Global Marketing
4. Fears of Global Marketing
5. Lesson Summary
6. Learning Outcome
7. Quiz 10.1
1. International Marketing Mix
2. The First Steps
3. Product & Promotion Changes
4. Place Changes
5. Price Changes
6. The Internet and International Marketing Mix
7. Lesson Summary
8. Lesson Objectives
9. Quiz 10.2
1. SWOT Analysis
2. Using SWOT Analysis
3. Understanding and Applying SWOT
4. Lesson Summary
5. Quiz 10.3
1. The Stage Is Set
2. Using PESTLE
3. Lesson Summary
4. Quiz 10.4
1. Assessing Global Markets Externally
2. Lesson Summary
3. Learning Outcome
4. Quiz 10.5
1. What is Global Standardization?
2. Pros and Cons
3. Examples
4. Lesson Summary
5. Quiz 10.6
1. Global Internet Marketing
2. Pros of Internet and Global Marketing
3. Cons of Internet and Global Marketing
4. The Marketing Mix
5. Lesson Summary
6. Learning Outcome
7. Quiz 10.7
1. Social Media Background
2. Identifying Target Markets
3. Increasing Affordability
4. Increasing International Awareness
5. Lesson Summary
6. Quiz 10.8
1. Definition: Research & Development
2. Pure Research
3. Applied Research
4. Development Activities
5. Lesson Summary
6. Quiz 10.9
1. Definition of Global R&D
2. Advantages
3. Role in the Global Economy
4. Lesson Summary
5. Quiz 10.10
1. Introduction
1. International Business Models
2. Domestic
3. Foreign
4. International
5. Lesson Summary
6. Learning Outcomes
7. Quiz 11.1
1. Logistics Defined
2. Logistics Activities
3. Intermediaries and Logistics
4. Lesson Summary
5. Learning Outcomes
6. Quiz 11.2
1. So What Is International Logistics?
2. Conceptual Framework
3. Example of International Logistics
4. International Logistics Channels
5. International and Foreign Law
6. Lesson Summary
7. Key Terms
8. Learning Outcomes
9. Quiz 11.3
1. International Distribution Methods
2. Centralized Distribution Method
3. Decentralized Distribution Method
4. Choosing a Distribution Method
5. Lesson Summary
6. Quiz 11.4
1. Globalization
2. Procurement & Sourcing Methods
3. Inventory Management
4. Distribution Facility Location
5. Transportation
6. Going Global
7. Lesson Summary
8. Learning Outcome
9. Quiz 11.5
1. The Global Supply Chain
2. Increased Paperwork
3. Varying Regulations and Fees
4. Language and Cultural Barriers
5. Lesson Summary
6. Quiz 11.6
1. Introduction
1. Ingredients in Management
2. Planning
3. Organizing
4. Staffing
5. Controlling
6. Leading
7. Lesson Summary
8. Learning Outcome
9. Quiz 12.1
1. Working in International Environments
2. Political and Legal
3. Sociocultural
4. Economic
5. Technical
6. Lesson Summary
7. Learning Outcome
8. Quiz 12.2
1. Different Yet the Same
2. Cultural Awareness
3. Dealing with Uncertainty
4. Global Mindset
5. Lesson Summary
6. Learning Outcome
7. Quiz 12.3
1. Employees Across the Globe
2. Labor & Employee Relations
3. Cultural Considerations
4. Lesson Summary
5. Learning Outcomes
6. Quiz 12.4
1. Employees in Global Staffing
2. Ethnocentric Staffing
3. Polycentric Staffing
4. Regiocentric Staffing
5. Geocentric Staffing
6. Lesson Summary
7. Learning Outcomes
8. Quiz 12.5
1. International Business HR Issues
2. Staffing
3. Culture and Communication
4. Economic Considerations
5. Lesson Summary
6. Quiz 12.6
1. Global Perspective of Management
2. Benefits and Drawbacks
3. Currencies and Cultures
4. Lesson Summary
5. Quiz 12.7
1. What Is a Global Project?
2. Issues Specific to Global Projects
3. Common Factors of Global Projects
4. Successfully Overcoming Challenges
5. Lesson Summary
6. Quiz 12.8
1. What Is Crisis Management?
2. Stages of Crisis Management
3. Evaluating Risks
4. Lesson Summary
5. Quiz 12.9
1. Crisis Response Plans
2. The Impact of Crises on Stakeholders
3. Stakeholders' Reactions
4. Lesson Summary
5. Quiz 12.10
1. Crisis Management for Reputation
2. Protecting Reputation
3. When Reputation Reform Goes Wrong
4. Lesson Summary
5. Quiz 12.11
1. Human Resource Management
2. Strategic Human Resource Management
3. Importance of Strategic HRM
4. Example of Strategic HRM
5. Lesson Summary
6. Review Notes
7. Learning Outcomes
8. Quiz 12.12
1. Global Human Resource Management
2. Global HR Functions
3. Global HRM Challenges
4. Lesson Summary
5. Quiz 12.13
1. Diversity All Around Us
2. What Is Diversity?
3. Managing the Workforce
4. Talent Can Flourish and Grow
5. Language and Communication
6. Managing Varying Viewpoints
7. Lesson Summary
8. Learning Outcome
9. Quiz 12.14
1. Global Talent Management
2. Lesson Summary
3. Quiz 12.15
1. Unions
2. National Unions
3. International Unions
4. Lesson Summary
5. Quiz 12.16
1. Introduction
1. What Is the Global Environment?
2. The Task Environment
3. The General Environment
4. Lesson Summary
5. Quiz 13.1
1. What Is National Culture?
2. Aspects of National Culture
3. Transporting Business Culture
4. Lesson Summary
5. Learning Outcomes
6. Quiz 13.2
1. Globalization and Organizational Structure
2. Three Main Aspects
3. Lesson Summary
4. Learning Outcomes
5. Quiz 13.3
1. Globalization and Organizational Behavior
2. Challenges Managers Face
3. Lesson Summary
4. Learning Outcomes
5. Quiz 13.4
1. The Global Economy and Small Business
2. Small Business Advantages
3. Small Business Disadvantages
4. Lesson Summary
5. Learning Outcomes
6. Quiz 13.5
1. Introduction
1. Background on Globalization
2. Global Supply and Demand
3. Wealth Fluctuation
4. Worker Exploitation
5. Lesson Summary
6. Quiz 14.1
1. Globalization and Labor Conditions
2. Migration and Labor Conditions
3. Combating Worker Exploitation
4. The Power of Labor Unions
5. Lesson Summary
6. Quiz 14.2
1. What Is Globalization?
2. The Pros of Globalization
3. The Cons of Globalization
4. Lesson Summary
5. Quiz 14.3
1. Background on Globalization
2. Global Mining & the Environment
3. Effects of Global Deforestation
4. Global Pollution & the Environment
5. Lesson Summary
6. Quiz 14.4
1. A Global Issue
2. Gases & Toxicants
3. Fisheries & Oceans
4. Nuclear Problems
5. Lesson Summary
6. Learning Outcomes
7. Quiz 14.5
1. Introduction
1. International Business
2. Corruption
3. Employment
4. Pollution
5. Improving Global Ethics
6. Lesson Summary
7. Learning Outcomes
8. Quiz 15.1
1. Ethical Behavior
2. Personal Ethics & Business Culture
3. Power & Pressure
4. Confusion
5. Loyalty
6. Lesson Summary
7. Quiz 15.2
1. The Global Market
2. Uniform Standards
3. Globalization
4. Cultural Imperialism
5. Outsourcing
6. Lesson Summary
7. Quiz 15.3
1. Global Responsibilities of a Business
2. Environmental Responsibility
3. Social Responsibility
4. Where Did All of This Come From?
5. Incentives for the Company
6. Lesson Summary
7. Quiz 15.4
1. Hire People With Ethics
2. Develop an Ethical Work Environment
3. Ethical Leadership in Action
4. Decision-Making Process
5. Develop Moral Courage
6. Lesson Summary
7. Quiz 15.5
1. Introduction
1. Changing Trends & Developments
2. Growing Middle Class
3. Technology
4. Demographics
5. Lesson Summary
6. Quiz 16.1
1. Complexity of Global Business
2. Different Political Systems
3. Different Economic Systems
4. Different Cultures
5. Meeting the Challenge
6. Lesson Summary
7. Learning Outcomes
8. Quiz 16.2
1. Emerging Markets
2. Eroding Economic Borders
3. Shifting Focus of Labor
4. Technology Expands Opportunity
5. Lesson Summary
6. Learning Outcomes
7. Quiz 16.3
1. What Is Globalization?
2. Who Wins?
3. Who Loses?
4. Points of Debate
5. Lesson Summary
6. Quiz 16.4
1. Assignment
1. Final Exam

About this course

705 lessons
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Ch 1 - Introduction to International Business

Ch 1.1 - What is Globalization? - Definition, Effects & Examples

Ch 1.2 - Four Forms of Capital in Globalization: Types & Examples

Ch 1.3 - Benefits & Costs of the Globalization of Business

Ch 1.4 - Cost of Doing Business Abroad vs. Liability of Foreignness

Ch 1.5 - Global Strategy: Definition & Example

Ch 2 - How Culture Affects International Business

Ch 2.1 - Global Mindset in Business: Definition & Concept

Ch 2.2 - Hofstede's Cultural Dimensions Theory

Ch 2.3 - Developing Cultural Intelligence in Corporations

Ch 2.4 - Impact of Cultural Norms on Global Businesses

Ch 2.5 - Effects of Society & Culture on Global Business

Ch 3 - Communication & Decision-Making in Global Business

Ch 3.1 - Communication in Global Business & Marketing

Ch 3.2 - How Teams Differ in a Global Setting

Ch 3.3 - Decision-Making in a Global Business

Ch 3.4 - Cultural Differences in Negotiations and Conflicts

Ch 3.5 - Settling International Conflicts in Business

Ch 4 - Global Economic Development

Ch 4.1 - The Global Economy: Advantages, Expansion & Impact

Ch 4.2 - The Impact of Globalization on Developing, Transitional & Developed Countries

Ch 4.3 - Economic Inequality: Differences in Developed and Developing Nations

Ch 4.4 -Less-Developed Countries & Obstacles to Development

Ch 4.5 - Modernization, Development & Politics

Ch 4.6 - Economic Growth: How to Raise a Nation's Potential Output

Ch 4.7 - Effect of Globalization on the U.S. Economy

Ch 5 - Key Factors in International Trade

Ch 5.1 - What is Economic Growth? - Definition, Theory & Impact

Ch 5.2 - Forces that Affect Trade in Global Markets

Ch 5.3 - The Economics & Politics of International Trade

Ch 5.4 - Comparative Advantage: Definition and Examples

Ch 5.5 - Absolute Advantage in Trade: Definition and Examples

Ch 5.6 - What is Free Trade? - Definition, Pros, Cons & Examples

Ch 5.7 - Economic Integration: Theory, Levels & Types

Ch 5.8 - Achieving Trade Balance: Trade Deficit and Surplus Examples

Ch 6 - International Trade Management & Regulation

Ch 6.1 - Trade Barriers: Impacts on Prices & Demand

Ch 6.2 - Trade Restrictions and Foreign Labor

Ch 6.3 - Tariffs and Quotas: Effects on Imported Goods and Domestic Prices

Ch 6.4 - Advantages and Disadvantages of Trade Protectionism

Ch 6.5 - International Trade Organizations and Trade Agreements

Ch 6.6 - The World Bank, IMF & Other International Banking Organizations

Ch 6.7 - Overcoming Barriers to Trade Restrictions

Ch 7 - Exchange Rates & Currency Changes

Ch 7.1 - Exchange Rate: Determination and Conversion Across Countries

Ch 7.2 - How Fiscal and Monetary Policies Affect the Exchange Rate

Ch 7.3 - How Currency Changes Affect Imports and Exports

Ch 7.4 - Currency Appreciation & Depreciation: Effects of Exchange Rate Changes

Ch 7.5 - Exchange Rate Risk & Forms of Exposure

Ch 7.6 - What is Purchasing Power? - Definition & Parity Theory

Ch7.7 - Purchasing Power Parity & the Big Mac Index

Ch 8 - International Finance & Accounting

Ch 8.1 - What Is GAAP? - The Generally Accepted Accounting Principles

Ch 8.2 - International Accounting Standards (IAS)

Ch 8.3 - What is International Transfer Pricing?

Ch 8.4 - Interest Rate Parity, Forward Rates & International Fisher Effect

Ch 8.5 - International Financial Reporting Standards (IFRS)

Ch 8.6 - International Banking and Services

Ch 8.7 - International Corporate Finance & Political Risk

Ch 9 - International Market Entry Strategies

Ch 9.1 - Breaking Into Foreign Markets: International Marketing Strategies

Ch 9.2 - What is an Export? - Definition & Example

Ch 9.3 - Foreign Licensing: Benefits & Drawbacks

Ch 9.4 - Franchises: Opportunities and Challenges

Ch 9.5 - What Is Contract Manufacturing? - Definition & Explanation

Ch 9.6 - What Is a Joint Venture? - Definition & Examples

Ch 9.7 - What Is Foreign Direct Investment? - Definition, Advantages & Disadvantages

Ch 9.8 - What is Outsourcing? - Definition & Benefits

Ch 9.9 - What Is Offshoring? - Definition, Advantages & Disadvantages

Ch 10 - Global Marketing and R&D Strategies

Ch 10.1 - International Marketing: The Importance of Global Marketing Strategy

Ch 10.2 - International Marketing Mix and the 4 Ps of Marketing

Ch 10.3 - SWOT Analysis in International Business

Ch 10.4 - What is PESTLE Analysis? - Definition & Examples

Ch 10.5 - International External Marketing: Culture, Economics, Tech & More

Ch - 10.6 - Global Standardization in Marketing: Definition & Strategy

Ch 10.7 - Internet and Global Marketing: Ecommerce on an International Scale

Ch 10.8 - Using Social Media for Global Marketing

Ch 10.9 - What is Research and Development? - Definition, Methods & Examples

Ch 10.10 - Global Research & Development (R&D): Advantages & Role