International Business BUSMHR 2000 Page 1 BUSMHR 2000 Introduction to International Business Autumn Session I 2018 Instructor: Dr. Bruce W. Bellner BBA MBA DBA E-mail: [email protected] Website: https://fisher.osu.edu/people/bellner.1 Office: 344 Fisher Hall Hours: Tues 10:00AM—12:00PM (and by appointment) Phone: 614/ 292.5028 Fax: 614/ 292.7062 Class Detail: Section 29586 Tues/ Thurs 8:00AM—9:20AM 001 Jennings Hall Required Course Text: Global Business Today 10/e with Connect Access by Charles W. L. Hill and G. Thomas M. Hult © 2018 McGraw-Hill Higher Education ISBN # 9781260252408 Course Prerequisites: Econ 2002.01 (201), and Econ 2001.01 (200) or AEDEcon 2001 (200). Not open to students with credit for BusAdm 555. Not open to students enrolled in UUSS, UExp or PreBSBA-PR. Course Description: International Business offers a basic coverage of world trade and investment, and introduction to multinational corporation strategies and the various types of environments in which they do business.International Business BUSMHR 2000 Page 2 Course Overview International business refers to firms’ performance of trade and investment activities across national borders. Because it emphasizes crossing national boundaries, we also refer to international business as cross-border business. Firms organize, source, manufacture, market, and conduct other value-adding activities on an international scale. They seek foreign customers and engage in collaborative relationships with foreign business partners. Course Topics: International business is characterized by micro and macro dimensions that interrelate. Students taking this class will master the learning outcomes inherent in these dimensions. After taking this class, you will be able understand and demonstrate your understanding of the learning objectives inherent in the following dimensions: o The ongoing economic integration and the growing interdependency of countries worldwide that is the globalization of markets. o International trade as the exchange of markets, which refers to the tendency of companies to deepen their international business activities systematically. o International investment, which is the transfer of assets to another country or the acquisition of assets in that country. o Risks in international business including cross-cultural risk, country risk, currency (financial) risk, and commercial risk. o Foreign market entry strategies including importing or global sourcing, exporting, countertrade, and contractual relationships. Learning Outcomes: Learning outcomes describe significant and essential learning that you have achieved and can demonstrate reliably at the end of the course. • Appreciate the importance of the globalization of markets and interdependency of countries. • Recognize issues related to ethics, corporate social responsibility, and sustainability. • Explain the functions and form of the global monetary system. • Examine the strategies and structures of IB. • Identify major perspectives and theories and the practical application of them. • Examine career opportunities in IB. Course Workload: The University and College expectation are that students spend two hours outside of class for every hour spent in class. You should expect to spend approximately six hours per week outside of class on course-related work for the average course. Attendance and Participation Policy: Attendance and participation are very important in creating a class environment that is both interesting and meaningful to the student. You should attend class regularly and be on time. Be prepared to ask and answer questions. Fisher College of Business strongly enforces University attendance policies. As per University rule 3335-8-33, any student who fails to attend (or activate online) without giving prior notification to the instructor will be dis-enrolled after the third instructional day of the term, the first Friday of the term, or the second scheduled class meeting of the course, whichever occurs first.International Business BUSMHR 2000 Page 3 Course Calendar: The following is a weekly guide for the course. It follows a Tuesday/ Thursday format. It is a good idea to work ahead on the material. Be sure to: 1) Read the assigned chapters and complete the LearnSmart® reading assignments as you do. 2) Attend classes/ take notes. 3) Complete any remaining online McGraw-Hill Connect assignments, such as chapter quizzes (see Carmen for details). Following this protocol will help on the exams. Chapter Lecture Topic Week Date Part I: Globalization of Markets CH 1: IB and the Globalization of Markets Week 1 Aug 21 CH 2: Political, Economic, Legal Systems Aug 23 Part II: Political Economy and Culture CH 3: Differences in Economic Development Week 2 Aug 28 CH 4: Differences in Culture Aug 30 CH 5: Ethics, CSR, and Sustainability Week 3 Sept 4 CH 6: International Trade Theory Sept 6 Review Week 4 Sept 11 Exam I (in class) Sept 13 Part III: Investment Environment of IB CH 7: Government Policy and International Trade Week 5 Sept 18 CH 8: Foreign Direct Investment Sept 20 CH 9: Regional Economic Integration Week 6 Sept 25 CH 10: The Foreign Exchange Market Sept 27 Part IV: Global Monetary System CH 11: The International Monetary System Week 7 Oct 2 Review Oct 4 Exam II (in class) Finals Week Oct 9 Each chapter will have specific things you need to do online using McGraw-Hill Connect—you will need to access Connect through Carmen. You can see the details on Carmen in the Modules section there, and also the dates are shown on your Carmen dashboard. Pre-recorded lectures are available on Carmen too. The lecture material will include text and other additional information—you are responsible for this as well. The required online activities include LearnSmart® reading assignments, and chapter quizzes for each chapter. They are due by 11:59PM each Thursday on the calendar above for the chapters we cover that week, beginning the second week. Please see your Carmen dashboard for further