The course examines international strategy, international marketing, international finance, international human resource management, international supply chains (production/operations/logistics) and international sustainability management.
The course provides the necessary knowledge and theoretical concepts for understanding international business and analyzing and devising international strategies for multinational enterprises. Students will examine the principles of financial decision making, with an emphasis on developing skills for analyzing financial accounting information.
Topics covered
International Business:
- Globalization
- Foreign Direct Investment (FDI)
- Trade flows and international trade theory
- Political environments
- Cultural environments
- International monetary system
- Mergers and acquisitions
- Multinational enterprises
- Multinational strategy
- Multinational organization
Accounting:
- Introduction to the statement of financial position
- Measuring and reporting the financial position
- Introduction to the income statement
- Measuring and reporting financial performance
- Income statement – inventories and receivables
- Statement of financial position and income statement
- Accounting for limited companies
- Statement of cash flows
- Analyzing and interpreting financial statements
- Making capital investment decisions
Learning outcomes
- Discuss the changing historical context in which international business operates: globalization, trade, and FDI
- Assess the political, legal, cultural, linguistic and sustainable environment in which international business expands and operates
- Explain and review what motivates companies to engage in international business and how they internationalize
- Examine and analyze financial accounting information for decision making
- Apply the basic procedures and techniques for the preparation of financial statements (Income Statement, Balance Sheet, Cash Flow Statement)
- Identify and use appropriate academic, corporate and other materials to engage with and interpret key business and management questions
Assessment
- Written report [2000 words] (40%)
- Three-hour written examination (60%)