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Foundations of International Business

Unit Code: HBI110N




Duration

Contact Hours

Campus

Prerequisite

Corequisite

One Semester or Term

36 Hours

Hawthorn, Sarawak

Nil

 Nil

Credit Points: 12.5 Credit Points

Aims & Objectives:

At the completion of this unit, students will be able to:
  • Learn about the fundamentals of international business and the global economy
  • Acquire an appreciation of the different dimensions of the global economy.
  • Recall the drivers of global business
  • Analyse the main economic and business organisations which facilitate global business
  • Evaluate the different dimensions of global business
  • Explain the different kinds of regional trade groups and organisations which facilitate trade

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Teaching Methods:

Lecture/seminars (2 hours), Tutorials(1 hour)
Lecture/seminars will be used to introduce the topics and resources, demonstrate concepts, and provide a forum for demonstration, discussion and questions.
Tutorials will provide opportunities for students to experience the subject, discuss, question and debate the issues raised in the lecture/seminar.

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Assessment:

Group Assignment/class presentation (20%), Test (20%), Examination (50%), Class Participation (10%)

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Generic Skills Outcomes:

The graduate attributes which relate to this unit help to produce graduates who are:
  • Capable in their chosen professional, vocational or study areas
  • Entrepreneurial in contributing to innovation and development within their business, workplace or community
  • Effective and ethical in work and community situations
  • Adaptable and able to manage change
  • Aware of local and international environments in which they will be contributing (eg socio-cultural, economic, natural)

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Content:

  • What is global trade and how does it work
    What are the main theoretical supposition of world trade and why countries trade
  • What are the global drivers and facilitators for world trade
  • What are the different political and legal systems and how they promote world trade
  • The rise of regional, bilateral and multilateral trade arrangements
  • The role of the monetary and financial world markets
  • The role of global investment in world business
  • Practical and technical aspects of international business

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Reading Materials:

Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.

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