INTRODUCTION TO INTERNATIONAL TRADE AND BUSINESS (4 Credits)

Learning outcomes:

On successful completion of this course, student will be able to: Identify the history of the development of the international trade during the Golden Age until the 21 Centuries and the growing of international business activities; Explain the main perspectives on international political economy and theories of international trade and business; Illustrate the governments’ international trade and business policies and their influence on global economy; Analyze the international trade and business phenomena and their contemporary development of today

Topics:

1. Introduction to International Trade and Economy;
2. Globalisation and Its Discontent;
3. The Golden Age and The Success Stories of The Golden Age;
4. The Collapse of the Established Order and The Return to Protectionism;
5. International Trade and The World Economy: Mercantilism, Absolute Advantage; Comparative Advantage;
6. International Trade and The World Economy: Neo-mercantilism, Heckscher-Ohlin theory, Product Life Cycle, New Trade Theory, Hegemonic Stability Theory;
7. Structuralist Perspective on International Political Economy;
8. The Relevance of Structuralist Today;
9. An Overview of International Investment;
10. Theories of Foreign Direct Investment;
11. Introducing the Bretton Woods System: IMF, World Bank and GATT;
12. From GATT to WTO;
13. Government Policy: Tariff Barriers;
14. Government Policy: Non-Tariff Barriers;
15. New Agenda in IPE: Multinational Corporations as Agents of International Trade and Business;
16. New Agenda in IPE : Regionalism;
17. An Overview to International Business;
18. Legal, Technological, and Political Force;
19. Country Differences;
20. Ethics and Social Responsibility in International Business;
21. The Foreign Exchange and International Financial Market;
22. The International Monetary System and Exchange Rate;
23. Strategy of International Business;
24. Entry Strategy and Strategic Alliances;
25. Paper Presentation I;
26. Paper Presentation II.