Year
2021
Units
4.5
Contact
1 x 3.5-hour workshop weekly
Enrolment not permitted
BUSN9206 has been successfully completed
Topic description

This topic aims to provide students with an introduction to the field of international business. To achieve this, the topic deals with the background and rationale for globalisation so that students understand the behaviour and perspective of the numerous parties involved in the process. It also describes the international business environment firms encounter when they take their business abroad, including the role of global organisations and the differences between countries' political, economic, cultural and legal environments. In addition, the topic outlines the range of foreign business entities firms are likely to encounter in various foreign markets and highlights the unique problems associated with undertaking international business.

Educational aims

Overall, the topic aims to reduce the psychic distance students hold to foreign markets. The topic's intent is to provide students with a balanced view of globalisation and an understanding of international trade theory, cultural theory, the rationale behind regional economic integration, foreign direct investment, and the international monetary system. At a micro level, the topic also aims to provide students with an appreciation of global production, global logistics, global marketing, exchange rate issues and entry strategies associated with foreign markets. An understanding of how to deal with these issues and the differences in the business environments found in various regions and countries around the globe is an important objective of the topic.

Expected learning outcomes
On completion of this topic you will be expected to be able to:

  1. Describe the background and explain the rationale for globalisation
  2. Summarise and compare the international business environments firms encounter when they take their business abroad
  3. Identify and describe the range of foreign business entities firms are likely to encounter in various foreign markets
  4. Identify and report the unique problems associated with undertaking international business
  5. Illustrate the systems and processes that have been developed to deal with these problems
  6. Scan the international business environment for opportunities and threats likely to impact on their business and personal life and prepare a report that will inform management decision making
  7. Utilise commercial databases and publicly available data to conduct business related research

Key dates and timetable

(1), (2)

Each class is numbered in brackets.
Where more than one class is offered, students normally attend only one.

Classes are held weekly unless otherwise indicated.

FULL

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contact your College Office for assistance. Full classes frequently occur near the start of semester.

Students may still enrol in topics with full classes as more places will be made available as needed.

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Class registration normally closes at the end of week 2 of each semester.

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Registration in the stream will result in registration in all classes.
  Unless otherwise advised, classes are not held during semester breaks or on public holidays.