By Sentinel | 9 ., Business Expert
International Economics & Trade TheoryGain competencies in international business
What you will learn
- Understand and evaluate the role of economic analysis within international business contexts and appreciate the economic underpinnings of business strategy in international settings.
- Analyse and synthesize various models of competitive analysis to assess strategic behaviour in international business.
- Apply theoretical and practical knowledge of competitive strategies in the context of globalisation, particularly major entry and exit strategies of international business.
This module has been designed to introduce a variety of aspects of international business. Globalization and growing international trade amongst many different countries have brought new challenges and opportunities for many new economies and established economies. Topics covered in this module includes: Globalization of Commerce, Comparative Advantage of Nations—Factor Availability vs. Production Input, Comparative Advantage versus Absolute Advantage, Strategies for Entering and Developing International Markets, Foreign Direct Investment (FDI), Foreign Exchange Markets and International Monetary System, Exchange Rates Policies, and Purchasing Power Parity (PPP).
- No prerequisites.
- No materials distributed.
- No formal assessments required.
Course overview - 11
General Concepts in International Business
The Importance of International Business
Globalisation of Commerce
International Economics and Trade Theory
Comparative Advantage of Nations
Comparative Advantage vs Absolute Advantage
Strategies for Entering & Developing International Markets
Foreign Direct Investment (FDI)
Foreign Exchange Markets & International Monetary System
Exchange Rate Policies
Purchasing Power Parity (PPP)