BUS423 INTERNATIONAL BUSINESS
| Course Code: | 3530423 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Business Administration |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | |
| Offered Semester: | Fall and Spring Semesters. |
Course Objectives
To introduce the students to the global economy to acquire a basic introduction regarding international business (IB) and the major issues involved in IB. The course will cover theoretical structure of IB as well as practical implications.
Course Content
The objective of the course is to introduce the Business Administration students to the main aspects of the international economy that one typically faces when conducting business at the international level. Specifically, the course aims at introducing the students to a Manager`s perspective in the field of international investment and international trade.
Course Learning Outcomes
Course Learning Outcomes:
Upon successful completion of the course, the learner is expected to be able to:
- Distinguish how domestic business differs from international business on a business, legal and political level.
- Understand international monetary system, exchange rates and economic conditions
- Comprehends trade rules and free trade agreements
- the policies and government dynamics between the two
- Understands imports/exports and the international system of tariffs and duties
- Recongized and develops an awareness of the different governmental and non-governmental bodies involved in international business including: IMF, UN, WTO (and GATT), OECD, NATO, and OPEC.
- Distinguish among strategies used by corporations in the international market on a competitive basis.
- Apply skills learned in the class to real life corporate problems through X-Cultures module
- Apprehend issues involved in entering foreign markets, global production and outsourcing as well as logistics and supply chain issues
- Analyze the ethics involved in cross border transactions and to understand the dynamics with differing legal systems.
- Design the appropriate international growth strategy in a given situation
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | They attain advanced level of knowledge in the functional areas of business administration such as strategic management, marketing, accounting, finance, organization management, human resources, and operations management. | ✔ | |||
| 2 | They are capable of identifying and analyzing legal, environmental and social factors, which influence the basic functional areas of the business administration. | ✔ | |||
| 3 | They understand and implement rational, systematic and scientific approaches effectively in problem solving and decision-making processes. | ✔ | |||
| 4 | They are capable of applying, analyzing, synthesizing and evaluating the knowledge they have in diverse fields efficiently. | ✔ | |||
| 5 | They are capable of transferring information by using efficient verbal and written communication techniques. | ✔ | |||
| 6 | They are capable of performing professional communication effectively also in English. | ✔ | |||
| 7 | They know the methods of performing efficient teamwork. | ✔ | |||
| 8 | They are capable of following the contemporary techniques, scientific and technological developments in their fields and are able to conduct research and studies in order to develop their business administration related knowledge, skills, and competences. | ✔ | |||
| 9 | They are knowledgeable in the areas of professional ethics and responsibility. | ✔ | |||
| 10 | They are capable of utilizing their knowledge and skills efficiently in global and multicultural contexts. | ✔ | |||
| 11 | They are knowledgeable in the issues of environment, social responsibility, social justice, quality and cultural values. | ✔ | |||
| 12 | They have a creative, innovative and critical perspective. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution