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Course Outline International Business and trade

BS accountancy (University of Cebu)

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COURSE SYLLABUS

Course Title : INTERNATIONAL BUSINESS & TRADE

Semester : 2nd Semester 2021-2022
Instructor : Hazel B. Pinili, MBA

Course Description

This course focuses on the core concepts and techniques for entering the international marketplace.
Emphasis is on the effect of sociocultural, demographic, economic, technological, and political-legal
factors in the foreign trade environment. As an introductory survey course, we will cover a variety of
topics to illustrate the unique nature of international business including the patterns of world trade,
currency exchange and international finance, globalization of the firm, international marketing, and
operating procedures of the multinational enterprise.

At the end of the course, the learners are expected to acquire the following skills and knowledge:
Affective:
➢ Value attitudes, which are necessary for “life-long learning”
➢ Respond sensibly towards the ethical dimensions of different aspects of the content of this course

Skills:
➢ Use appropriate referencing and bibliographic methods.
➢ Perfect their research skills pertaining to trading.
➢ Manipulate the determinants of the trade pattern between countries and assess its effects on the
distribution of income between and within these countries.

Knowledge:
➢ Remember & understand the concepts of comparative advantage and the gains from trade, by
applying the theories covered in the course to concrete cases.
➢ Analyze the political economy of trade policy and the economic effects of different trade policy
instruments.
➢ Understand the role of international trade bodies such as the WTO.
➢ Evaluate the effects of international trade on economic development, international politics/conflicts
and the environment.

Learning Activities

1. Active student participation in seminar-style class lecture. Classes are highly interactive. Instructor
prompts students for response to questions posed and solicits his/her thoughts on issues discussed.
Format is probing and direct. Additionally, instructor provides concrete, real-world examples to illustrate
concepts. Lecture format reinforces by example appropriate methods for asking questions, gaining
relevant insights, and making appropriate recommendation.

2. In class presentation and discussion of readings by professor and students. Textbook and other
assigned readings present relevant topics, which are covered more depth fully in class lecture. In class
discussion of readings, instructor highlights most relevant reading topics, showing by example how to
present data in a stimulating way, consistent with achieving course objectives.

3. Case Study and/or Article Presentation. Case studies and articles are used to further illustrate real-
world examples of subject topics. For all assigned cases/articles, students should be prepared to answer
questions about the case/article and be able to illustrate its subtler aspects. For selected cases/articles
students will be selected to make a presentation. In class discussion of case studies/articles serves to
highlight analytical methods, indicating specifically, and ways to discern the most relevant focal points

4. Business analysis paper. Maximum 5 page analysis of a global market opportunity utilizing course
concepts. More specific information provided during the semester.

Assessment

Class Participation - you will be graded on the quality of, and demonstrated insight of, you’re in class
comments, including comments related to answers to assigned problems. (Measures Learning Outcomes)

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1. Group work = (10%)

2. Daily Recitation (Attendance 5%, Daily Participation 5%) = (10%)
3. Quizzes (Short & Long) = (20%)

Short, in-class quizzes will test your comprehension of course materials to date.

Course Output Performance (Field work output / Performance / Written or Online outputs / Case Study)
40%

Summative Exams (Midterm & Finals) =20% - Exams will be composed of essay questions that test your
ability to apply concepts discussed through the exam date.

Attendance Policy In accordance with the NORSU mission to promote a higher level of academic rigor,
all courses adhere to the following absence policy:

• For all classes meeting three times a week, students cannot incur more than three consecutive,
unexcused absences.

Requirement(s) (for finals research related to the subject)

Presentation. Each student will summarize their findings in a short 10-15 minute presentation during
the final week of class. The presentations will be graded on:

 Content–extent to which the presentation is related to an important point of course content

 Clarity- organization of your arguments and presentations, analysis of your key points, and
persuasiveness of your position
 Grammar -use of correct grammar, spelling, and sentence structure
 Accuracy –of the country, date, and business model presented
 Articulation – organization and articulation of your oral presentation

Homework. There will be homework assignments, current events articles during the semester.

Tests. Exams will be administered. The exams will cover the material included in the books, handouts
and lectures. Missed Tests: Make up tests will not be given except in extreme cases with supportive
documentation. You must notify the professor prior to the day of the test or the next class.

Participation. All students are expected to participate actively in class discussion. This includes
evidence of thorough prior preparation of course materials, engaging in exercises, etc. Attendance at all
sessions is required except in previously arranged cases/emergencies.

CLASS PROTOCOL AND EXPECTATIONS The keys to having a successful experience in this
class include:

NOTE: You must use your Google classroom account to communicate in this class. To protect
your confidentiality, I will not respond to email from a personal email account or communicate
with your family or friends.

1. PowerPoint slides and case assignments will be available in edmodo.com before class. You should
print the slides before class using the “black and white” option in PowerPoint.
2. Internet use: During class, you can take notes on the printed slides. Alternately, you may use a
laptop computer or tablet to take notes. If you chose to use a laptop or tablet, you must use it only
to take notes. Connecting to the internet, without consent of the professor, is prohibited.
3. Texting: Texting during class is prohibited. Texting or web surfing during class is
unprofessional, disrespectful to the course material, the professor and your fellow
students.
4. Sleeping: If you cannot stay awake during class, you will be asked to leave and receive no
credit for attendance.
5. Disruptive Behavior: Disciplinary action will be undertaken if your behavior is disruptive to the
class.

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6. Academic Honesty: The corporate world of today places significant emphasis on ethics, as does
NORSU College of Business Administration. In this class, therefore, you must not collaborate
on your case assignments or use material outside the scope of the requirement. This includes
outside references (other than the textbook or class materials) such as other papers or web sites.
Suspect papers will be checked carefully, and plagiarism will be disciplined appropriately.

7 Conduct yourselves professionally. Students not conducting themselves professionally will be

asked to leave the classroom. If you must leave class early, please leave via the back exit. I would
appreciate it greatly, so you do not disturb the flow of the lecture.

COURSE OUTLINE

TOPICS Course Outcomes

Week 1 NORSU VMG
Week 2 & Foundations of A. Internalize how the value of trade between any two countries depends on the
3 International size of these countries’ economies.
Business
S. Articulate how the share of international production that is traded has
International fluctuated over time and why there have been two ages of globalization.
Business and K. Analyze how the mix of goods and services that are traded internationally
Globalization has changed over time.
Week 4 & International A. Internalize how the Ricardian model, the most basic model of international
5 Business and trade, works and how it illustrates the principle of comparative advantage.
Trade
S. Manipulate gains from trade and refute common fallacies about international
International trade.
Business &
Investment K. Remember and understand the empirical evidence that wages reflect
productivity and that trade patterns reflect relative productivity.
Week 6 Firms and A. Respond how differences in resources generate a specific pattern of
&7 International international trade.
Business
S. Articulate why the gains from trade will not be equally spread even in the
Governments long run.
& International
Week 8 Business K. Evaluate how government & international businesses support some (but not
Midterm all) of the predictions of the factor-proportions theory.

Week 9 & Institutions and A. Value how changes in the terms of trade and economic growth affect the
10 International welfare of nations engaged in international trade.
Business
K. Manipulate how the components of the standard trade model, production
The World possibilities frontiers, ISO value lines, and indifference curves fit together to
Trade System illustrate how trade patterns are established.
S. Analyze the effects of tariffs and subsidies on trade patterns and the welfare
of trading nations and on the distribution of income within countries
exchanged over time.
Week 11 The Foreign A. Internalize what foreign exchange system and explain how they affect global
& 12 exchange trade.
System
S. Embody the effect of financial system on both importing and exporting
The Global countries, and describe how the welfare effects of these FX compare with
Financial tariff and quota policies.
System
K. Evaluate the costs and benefits of tariffs, their welfare effects, and winners
and losers of tariff policies.
Week 13- Foundations of A. Value the theory and evidence behind “Global Strategy” views of trade
14 Global Strategy policy.

Regional & S. Perfect how international negotiations and agreements have promoted world
Global Strategy trade.

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K. Analyze the special issues raised about Regional & Global Strategy
specifically ASEAN Evaluate national welfare arguments against free trade
Week 15 Global Strategy A. Internalize the basic ideas behind “Global Strategy Frameworks” and its
Framework relationship to international trade.

S. Articulate the case for protectionism as it has been historically practiced in

developing countries
Foreign Market K. Evaluate the recent economic history of the Asian countries, such as China
entry and India, and detail the relationship between their rapid economic growth
and their participation in international trade.
Week 16 Industry and A. Internalize what they have learned in competition.
competition S. Perfect the ways how to use the different resources and capabilities in
International trade
Resources and K. Apply self-made tools for trading.
capabilities
Week 17 Institutions and A. Internalize business ethics “CSR Strategy Frameworks” and its relationship
Ethics to international trade.
S. Articulate the use of organizational structure as support systems to practice
Organization ethical standards in business.
and Structure
K. Evaluate the different structure of the Asian countries, such as China and
India, and detail the relationship between their rapid economic growth and
their participation in international trade.
Week 18 Knowledge and A. Value knowledge and innovation as a “Global Strategy”.
innovation S. Perfect how international alliances and collaboration have promoted world
trade.
Alliances and
Collaboration K. Analyze the special issues raised about these alliances in the Regional &
Global arena.
Evaluate ASEAN alliances and collaboration.
FINAL EXAMS

Textbook:
Zambursky, Peter, International Business and Global Strategy.
Print References:
Wall, Stuart, International Business 4th Edition, McGraw-Hill
K. Praveen Parboteeah & John B. Cullen, International Business Perspectives from Developed
and Emerging Markets
Further Journals Relevant for this Course: World Trade Review, International Organizations,
Journal of World Trade, Journal of Globalization and Development, Global Policy Journal, The
International Trade Journal, The Journal of International Trade and Economic Development.
Non- World Bank WITS (trade and tariff data): http://wto.org
Print Economic Cooperation and Development: http://oecd.org
The International Monetary Fund : http://www.imf.org/external/data.htm
World Investment Reports : https://unctad.org/en/pages/diae/world%20investment%20report/wir-
series.aspx
Bloomberg Asia :https://www.bloomberg.com/asia
World Bank Enterprise Survey Data: http://www.enterprisesurveys.org/
Country GDP :https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG
The Economist Intelligence Unit: www.eiu.com/home.aspx
United Nations : www.un.org

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