BUS 241 - Introduction to International Business

• Social Sciences Distribution Requirement

1. Understand fundamentals of trade theory and sources of competitiveness in trade.
2. Understand major world marketplaces and why certain products originate in certain areas.
3. Understand the concepts of comparative and absolute advantage.
4. Discuss trade protections such as tariffs, quotas and various barriers to free international trade.
5. Understand the elements of culture and how cultural differences affect trade between trading partners.
6. Understand the impacts of legal, technological and political forces in international trade.
7. Understand the role of ethics and social responsibility in international business.
8. Understand the fundamentals of international trade and investment motives and options (E.g. foreign direct investment etc).
9. Understand the fundamentals of international monetary systems and the balance of payments.
10. Understand the fundamentals of foreign exchange and international financial markets.
11. Understand the fundamentals of international strategic management and strategies for analyzing and entering foreign markets.
12. Understand international organizational design, control and alliances.
13. Understand the fundamentals of managing international firms including international marketing, finance, human resources, operations, etc.
14. SOCIAL SCIENCES: Explain the variables that influence the structure of cultures and societies.

1. Absolute and comparative advantage.
2. Production and consumption possibilities curves.
3. Terms of trade.
4. Tariffs, quotas, embargoes.
5. Reasons not to engage in trade.
6. Balance of payments.
7. Foreign exchange rates.
8. International diversity.
9. Multinational U.S. global strategies.