International Business
Compete in the Global Economy
Prepare for a career in the international marketplace. In the International Business IDP you learn how globalization has affected international trade and about the complexities of the global supply chain. Through a global focus on economics and finance you gain a practical understanding of the international monetary system, licensing, joint venturing, and equity investment, and the cultural and legal factors that affect product development, distribution channels, and promotion. You also examine the economic impact of trade, and learn to manage factors critical to the success of firms involved in importing and exporting goods and services. International Business is a core or concentration program option in the Management and Business Track.
International Business courses
Your program begins with International Business Management, a highly interactive overview course that uses exercises, group presentations, videos, and simulations to engage you and your classmates. By the end of the course, you will be able to
- conduct basic international business negotiations
- analyze how culture influences international business
- prepare and deliver an analysis of your country's prospects in the global marketplace
Management Accounting is a general introduction to financial and managerial accounting, including basic accounting concepts. You are introduced to accounting statements, and discover how managers use this data to make decisions. By the end of this course, you will be able to
- understand the importance of financial statements
- define various cost terms and concepts
- understand the time value of money and its use in capital budgeting
International Marketing takes an in-depth look at global markets and their effects on conceiving and implementing strategies for competing globally. By the end of the course, you will be able to
- understand challenges and opportunities fundamental to doing business globally
- critically evaluate business ventures in diverse international markets
- apply marketing concepts in business case analyses
International Economics focuses on macroeconomic variables such as economic growth, international trade, unemployment, and inflation. By the end of the course, you will be able to
- understand macroeconomic performance, monetary policy, and the Central Bank
- evaluate foreign exchange markets and exchange rate systems
- analyze trade flows and the balance of payments
International Business Law examines the legal and ethical implications of doing business in a global environment. You analyze how international laws, protocols, and standards create financial and cultural challenges. Your course includes a survey of international organizations and agreements. Upon completing the course, you will be able to
- understand the role of supranational organizations and multilateral agreements
- recognize legal issues in international business transactions
- discuss and implement alternatives for dispute resolution
International Finance addresses two key concepts: the risks and opportunities created by changes in exchange rates, and the use of international markets as sources of financing. Upon completion of the course, you will be able to
- understand the operation of international capital markets and the characteristics of alternative sources of medium- and long-term financing
- forecast exchange rates based on the relationships between spot rates, forward rates, inflation rates, and interest rates
- construct an integrated exchange risk program
Import/Export Trade Operations explores the impact of trade on the world's economy, as well as basic operational mechanisms. The topic is approached from an entrepreneurial perspective so that by the end of the course, you will
- understand the background and current status of world trade and free trade
- identify successful strategies in planning and setting up an import/export business
- prepare a model plan to demonstrate an understanding of a profit maximizing strategy
Global Business and Marketing Strategy is the capstone course for the International Business Diploma Program. Through a computerized simulation experience, you apply the principles learned in your other courses in a hands-on setting. As part of a multidisciplinary team including students from the Marketing and Business Administration Diploma Programs, you
- act as a senior manager for a virtual global business
- make decisions that affect the company as a whole rather than at the department level of marketing, finance, or accounting
- compete with classmates to make profits under realistic market conditions
Whether your goal is to effectively manage a global corporation or expand your family's business, the International Business Diploma Program provides you with the structure you need to understand and manage international transactions of all sizes.
Prerequisites
Prior study of business administration or finance. If you do not have this background, we recommend the Business Administration Diploma Program.