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Mastery of International Business Practices
Rating: 4.6 out of 5(10 ratings)
51 students

Mastery of International Business Practices

Learn the Fundamentals of International Business
Created bySentinel | 9
Last updated 9/2022
English
English [Auto],

What you'll learn

  • Understand and evaluate the role of economic analysis within international business contexts
  • Analyse and synthesize various models of competitive analysis to assess strategic behaviour in international business.
  • Analyse and evaluate the complex competitive scenarios at both the firm and industry level to international business.
  • Apply theoretical and practical knowledge of competitive strategies in the context of globalisation of international business.
  • Critically evaluate information from a wide range of sources to demonstrate research skills

Course content

8 sections43 lectures2h 11m total length
  • Lecture 1.1 International Business General Concepts2:38

    Understand how globalization expands local economies into a global marketplace, fueled by the Internet and mobile technology, enabling firms to compete across borders and reach developing nations.

  • Lecture 1.2 The Importance of International Business3:56

    explains how cross-border transactions of goods, services, capital, and people create profits and foreign exchange, while leveraging global resources and modern management techniques to boost efficiency and competitiveness.

  • Lecture 1.3 Globalisation of Commerce2:46
  • Lecture 1.4 International Economics and Trade Theory6:53

    Explore how globalization expands markets, analyzes international trade and finance, and explains gains from division of labor and comparative advantage, plus policy debates on tariffs and protectionism.

  • Lecture 1.5 Comparative Advantage of Nations2:50

    Explore comparative and absolute advantages, opportunity costs, and gains from trade, then examine competitive, cost, and differentiation advantages with the two-country, two-goods example of Italy and China.

  • Lecture 1.6 Comparative Advantage versus Absolute Advantage3:40

    Compare comparative and absolute advantage, illustrated by a doctor who maximizes output through specialization; explain why nations trade via exports and imports.

  • Lecture 1.7 Strategies for Entering and Developing International Markets3:48

    Explore strategies for entering and developing international markets, weighing the risk and control trade-off across entry modes from low-risk exports to more involved approaches.

  • Lecture 1.8 Foreign Direct Investment (FDI)6:30

    Explore foreign direct investment (FDI) as a long term, controlled link between resident and foreign entities, including equity capital, reinvested earnings, intercompany loans, and government use of incentives.

  • Lecture 1.9 Foreign Exchange Markets and International Monetary System4:28

    Learn how foreign exchange markets price currencies, including direct and indirect quotations, base and counter currencies, spot and forward rates, and the impact of appreciation and depreciation on international trade.

  • Lecture 1.10 Exchange Rate Policies3:42

    Explore how flexible, fixed, and managed exchange rate policies shape currency values, with central bank actions and money supply driving demand and affecting aggregate demand.

  • Lecture 1.11 Purchasing Power Parity (PPP)2:12

    Explore purchasing power parity as a tool to gauge currency equilibrium and price equality across countries, and contrast PPP with market rates for practical data aggregation.

  • Self-Knowledge Quiz

Requirements

  • Computer with an Internet connection.
  • PDF reading software, such as free Adobe Reader.

Description

COURSE OVERVIEW:

This course has been designed to introduce a variety of aspects of international business. Globalisation and growing international trade amongst many different countries have brought new challenges and opportunities for many new economies and established economies. This course intends to bring these new ways of doing business and new questions in the minds of international business leaders to discussion and provide some probable answers to these questions. The main objective of this course is to prepare users, learners and managers to deal with forces affecting international businesses and to expand successfully in many international markets.


LEARNING OUTCOMES:

Upon the completion of this course, users will be able to:

  • 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.

  • Analyse and evaluate the complex competitive scenarios at both the firm and industry level to international business.

  • Apply theoretical and practical knowledge of competitive strategies in the context of globalisation, particularly major entry and exit strategies of international business.

  • Critically evaluate information from a wide range of sources to demonstrate research skills, and demonstrate the capacity to document the outcomes in international economics and business strategies with sound analysis and recommendations.

Who this course is for:

  • Business Managers
  • Business Students
  • Self Employed Individuals
  • Start-up Companies
  • Executives
  • Entrepreneurs