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:
- Introduction to International Trade and Economy;
- Globalisation and Its Discontent;
- The Golden Age and The Success Stories of The Golden Age;
- The Collapse of the Established Order and The Return to Protectionism;
- International Trade and The World Economy: Mercantilism, Absolute Advantage; Comparative Advantage;
- International Trade and The World Economy: Neo-mercantilism, Heckscher-Ohlin theory, Product Life Cycle, New Trade Theory, Hegemonic Stability Theory;
- Structuralist Perspective on International Political Economy;
- The Relevance of Structuralist Today;
- An Overview of International Investment;
- Theories of Foreign Direct Investment;
- Introducing the Bretton Woods System: IMF, World Bank and GATT;
- From GATT to WTO;
- Government Policy: Tariff Barriers;
- Government Policy: Non-Tariff Barriers;
- New Agenda in IPE: Multinational Corporations as Agents of International Trade and Business;
- New Agenda in IPE : Regionalism;
- An Overview to International Business;
- Legal, Technological, and Political Force;
- Country Differences;
- Ethics and Social Responsibility in International Business;
- The Foreign Exchange and International Financial Market;
- The International Monetary System and Exchange Rate;
- Strategy of International Business;
- Entry Strategy and Strategic Alliances;
- Paper Presentation I;
- Paper Presentation II.
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