International Business and Economics

Financial management problems facing multinational firms. Primary focus on effects of currency denominations on financial decisions. Prereq: ADMN 601.

Derivative assets and markets, and their role in business decision-making and portfolio management. Emphasis on practical and theoretical aspects of hedging and speculating using futures and options for both commodities and financial assets, including their market mechanics. Prereq: ACFI 702.

Macroeconomic measurement, theory, and public policy determination. Prereq: ECON 401 and 402.

Covers both international trade theory and open-economy macroeconomics. Some of the major issues include whether free trade is always preferred to restricted trade, the controversy over industrial policy and how best to structure the international financial system. Students gain an understanding of topics including currency exchange rate movements, macroeconomic adjustment mechanisms and trade policy, among others. Prereq: ECON 401 and 402.

Theories of development/underdevelopment. Trade, growth, and self-reliance. The role of agriculture (land tenure; food crisis; Green Revolution). World Bank policy. industrialization strategies. Role of the state. Prereq: ECON 401; ECON 402;/or permission. Writing intensive.

Systematic analysis of the process and consequences of international integration. Introduction to the theoretical foundations of free trade areas, custom unions, common markets, and economic unions. Comprehensive examination of the historical developments in the formation of major economic blocs, such as the European Union (EU) and the North American Free Trade Area (NAFTA), and evaluation of the growing political and economic relationships between member countries regarding monetary and fiscal integration. Prereq: ECON 401; ECON 402.

Contemporary issues in international economic theory and policy. Analysis of trade theory, dynamics of world trade and exchange, and international commercial policy. Prereq: ECON 605; ECON 645.

Internationalization of economies. Growth and implications of multinational corporations at the level of systems. Theories of imperialism, international unity/rivalry; theories of direct investment, exercise of influence and conflict, technology transfer, bargaining with host country; effects on U.S. economy. Prereq: permission.

Develops an understanding of international ventures and partnerships from the viewpoint of management, leadership, human resource management, and organizational structure and strategy. Emphasis on the impact of culture on business practices and on interpersonal skills and global perspectives needed for personal effectiveness in international and multicultural environments. Prereq: junior or senior standing. Writing intensive.

Environmental factors affecting international trade: culture and business customs, political and legal factors and constraints, economic and technological development, and the international monetary system. Integration of these with the marketing management functions of market research and segmentation; product, promotion, distribution, and pricing decisions. Prereq: ADMN 651.