Economics 340

ECON 340: Global Economy and Business

Prerequisites: Junior standing, ECON 205, ECON 206

Credit Hours: (3)

An overview of the global economic environment within which business is practiced and the opportunities and challenges managers face in doing business across national boundaries. A business core requirement. General Education credit – Social and Behavioral Sciences or International and Intercultural Studies.


Detailed Description of Content of the Course

This course intends to introduce students to fundamental concepts, theories, and practices related to international economics and business decision-making. It provides students an overview of today's global economy, business environment, challenges, and opportunities. Students will analyze the process of global economic integration and the increasing interconnectedness of markets. Students will assess the imapct of international trade, global capital market and foreign direct investment, labor migration, technology and knowledge dissemination as it applies to current business practices. Students will also discuss the impact of international competition and corporate social responsibility in a business setting.

Topic Outline

1) Global Economics Integration and Business Decision-Making
2) The Role of Global and Domestic Institutions in a Global Business Community
3) Culture and the Workplace
4) Causes and consequences of International Trade
5) International monetary Systems and Foreign Exchange
6) Capital Markets and Foreign Direct Investment
7) Business Ethics and Corporate Responsibility in Internatinoal Business


Detailed Description of Conduct of the Course

This course will be team taught by two faculty members with expertise in the international area. Each will share equal responsibilities for the course. The first part of the course will be taught by a member of the economics faculty and the second part will be taught by a member of the marketing faculty.

It is expected that the two faculty members will work closely together to ensure the delivery of a well-integrated and coordinated course.

The course will combine the use of lectures, videotapes, guest speakers, reading materials, project reports, and case analyses.


Goals and Objectives of the Course

After successfully completing this course, students will:

1) Demonstrate knowledge of the global economic environment of business and of the facts, figures, opportunities, and challenges of international business.

2) Apply ethical theories to resolve ethical dilemmas relating to the conduct of international business and trade.

3) Identify the impact of cultural mores and differences on global and multinatinoal business strategies and practices.

4) Analyze the importance of international trade agreements, institutions and organizations in promoting world trade and business activities.

5) Evaluate the role and impact of Government institutions on the conduct of business.

6) Analyze how changes in economic variables throughout the world affect the natinoal economy (SLO 7).

7) Orally discuss topics relevant to global economy.


Assessment Measures

The following assessment measures will be employed: Homework, quizzes,  examinations, participation in class, and oral presentations / debates.

 

Other Course Information

None

 

Review and Approval

Date Action Reviewed by
December 2004 Made alterations to syllabus N. Hashemzadeh, Chair
April 16, 2012 Revised
March 1, 2018