Foundations of International Business

Unit code: BEO2009 | Study level: Undergraduate
Credit points
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
City Campus
Prerequisites
N/A
Overview
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Overview

Gain a broad understanding of the international business environment, with Foundations of International Business.

A strong grasp of the multi-faceted nature of international business in the world economy is essential to equip you with the business decision-making abilities required for this dynamic field.

This unit will introduce you to the economic, cultural, political and ethical environments of a firm’s international business operations.

You will critically review international business activities, using the concepts and theories of:

  • international trade
  • regulatory environment
  • investment and foreign exchange
  • organisational structure and corporate strategy.


You will work collaboratively, through industry-based case studies and active learning, to understand the challenges firms face regarding globalisation.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Articulate the main theoretical suppositions relating to the fundamentals of international business and the global economy;
  2. Conceptualise the trade, investment and political economy environment implications influencing international business operations;
  3. Review multidisciplinary knowledge and frameworks to critically analyse and interpret information for international business operations and market entry strategy decision-making; and,
  4. Articulate and present analytical findings and strategic recommendations in relation to international business operations of a firm.

Assessment

For Melbourne campuses

Assessment type: Test
|
Grade: 20%
Online quiz on globalisation, the political economy, ethics and sustainability
Assessment type: Report
|
Grade: 40%
Research - written report on country risk analysis (Group)
Assessment type: Test
|
Grade: 40%
Final in-class assessment on trade theories, investment, business operations and strategies

Other locations

For students studying at Central University of Finance and Economics, Henan University, Liaoning University
Assessment type: Test
|
Grade: 20%
Quiz on globalisation, the political economy, ethics and sustainability
Assessment type: Report
|
Grade: 40%
Research - written report on country risk analysis (Group)
Assessment type: Examination
|
Grade: 40%
Final examination on trade theories, investment, business operations and strategies

Required reading

Students will have access to required readings via VU Collaborate and are not required to purchase the listed textbook.

International Business: Competing in the Global Marketplace
Hill, Charles.W.L. (2021)| McGraw-Hill/Irwin, New York

As part of a course

This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.

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