International-Business Module.docx - International Business...

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International BusinessInternational BusinessLumen LearningDeveloped in Conjunction with Linda Williams, Tidewater Community CollegeCover Photo: Image of Shanghai, by Haley, fromUnsplash.com, availableCC0.CONTENTSModule 1: It's a Small World........................................................................................................1Overview............................................................................................................................................................1Discussion Post: Self Introduction.....................................................................................................................1Reading: What is International Business?.........................................................................................................2Video: Globalization Explained..........................................................................................................................4Video: Miniature Earth.......................................................................................................................................4• Assignment: Going Global, Alfalfa forEveryone................................................................................................5Module 2: Trade Theory, from Mercantilism to Free Trade.........................................................6Overview............................................................................................................................................................6Reading: Why Trade?........................................................................................................................................6Video: Comparative Advantage and Trade........................................................................................................7Reading: Competitive Advantage......................................................................................................................7Reading: Absolute Advantage...........................................................................................................................9Video: Porter's National Diamond Framework Explained................................................................................12• Assignment: The "Trader Ruler Game"...........................................................................................................12Module 3: Different Strokes …. Political and Economic Systems Around the Globe................14
Overview..........................................................................................................................................................14Video: Economic Systems...............................................................................................................................14Reading: Free-Enterprise................................................................................................................................15Reading: Capitalism in the US.........................................................................................................................18Reading: Socialism and Planned Economies..................................................................................................21Reading: The Benefits of Socialism.................................................................................................................25Reading: The Disadvantages of Socialism......................................................................................................29Reading: The Communist Economic System..................................................................................................32Reading: The Benefits of Communism............................................................................................................35Reading: The Disadvantages of Communism.................................................................................................38Reading: Mixed Economies.............................................................................................................................40Reading: The Benefits of Mixed Economies....................................................................................................44Reading: The Disadvantages of Mixed Economies.........................................................................................49Assignment: WRITTEN ASSIGNMENT: "Forever Bright" - Exporting and Economic/Political Systems.........53Module 4: "That's Not How We do it Back Home"... Cultural Systems Around the Globe........55Overview..........................................................................................................................................................55• Readings..........................................................................................................................................................55Reading: Dunkin' Brands - Dunkin' Donuts and Baskin-Robbins - Making Local Global.................................56• Discussion Assignment: Dunkin' Brands - Dunkin' Donuts and Baskin-Robbins - Making LocalGlobal.........58Module 5: Ignorance of the Law is No Excuse: Ethical and Legal Issues in Global Business ..59Overview..........................................................................................................................................................59Reading: Global Business Ethics.....................................................................................................................59Video: Lessons About Trust Learned from Globalization................................................................................66• Assignment: Corruption Perception and GlobalBusiness...............................................................................67Module 6: Is "Free Trade" Really Free? The Political Challenges of Operating in a GlobalMarket........................................................................................................................................68Overview..........................................................................................................................................................68Video: Types of Trade Restrictions..................................................................................................................68Reading: International Economic Cooperation among Nations.......................................................................69Reading: International Trade Barriers..............................................................................................................73Assignment: Barriers to International Trade....................................................................................................76Module 7: "Got NAFTA?" … Regional Economic Integration....................................................78Overview..........................................................................................................................................................78Video: EU Crisis...............................................................................................................................................78Reading: Common Markets.............................................................................................................................79Reading: NAFTA..............................................................................................................................................81Reading: European Union...............................................................................................................................83Reading: APEC................................................................................................................................................85Assignment: Regional Integration....................................................................................................................88 • WTO Regional Trade AgreementDatabase....................................................................................................88Module 8: How Many Euros to the Dollar? Exploring Foreign Exchange Markets....................89Overview..........................................................................................................................................................89
Reading: What is the International Monetary System......................................................................................89Video: What is the World Bank?......................................................................................................................99Video: About the IMF.....................................................................................................................................100• Video: Fixed vs. Floating Exchange Rates....................................................................................................100Module 9: Does the World Bank have an ATM? Understanding the International MonetarySystem.....................................................................................................................................101Overview........................................................................................................................................................101Video: Exchange Rates.................................................................................................................................101Assignment: The "Big Mac" Index.................................................................................................................

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