MIDTERM EXAM STUDY GUIDE -- Ch 7 Political Economy -- Wild and Wild.docx

MIDTERM EXAMINATION REVIEW OF CHAPTER 7
P
OLITICAL
E
CONOMY AND
E
THICS
F
ROM
C
HAPTER
3
OF
P
ROFESSORS
W
ILD AND
W
ILD
’
S
T
EXTBOOK
I
NTERNATIONAL
B
USINESS
: T
HE
C
HALLENGES OF
G
LOBALIZATION
, 9
TH
E
D
(2019)
P
REPARED FOR THE
S
TUDENTS OF
IBUS 330
S
PRING
S
EMESTER
2020
P
ROFESSOR
N
ICHOLSON
This optional review is based on the learning objectives for the chapter. The related
interactive lectures in Mylab are superb to review along with this guide. There are
various ways to integrate them into your review. Even if you do not plan to watch these
review lectures, I recommend you try some if you haven’t done so already.
Each of these optional reviews begin with the learning objectives which are always
presented at the beginning of each chapter. The learning objectives represent the half
dozen or so major topics the authors cover in the chapter. You cannot ask for a better
chapter review then one written by the authors themselves. In every chapter we cover the
pattern is the same. The half dozen or so learning objectives are presented on the first
page of the chapter. The major headings in the chapter follow that outline. At the end of
the chapter the authors provide a one-page or so summary of those learning objectives
covered in the text. This is the pattern:
 First Page: The 5-6 Learning Objectives (generally a line or two in length)
 Chapter Sections : The learning objectives are presented in detail with examples,
charts and figures to aid understanding. Here each learning objective is explained
in around 3-5 pages of text. This “chunk” of information is about what a student
can read without losing attention in 45 minutes to an hour.
 Chapter Summary : At the end of each chapter the authors provide a short
paragraph or two of concise explanations of each learning objective.
When students ask me what they should review for exams, I invariably recommend the
learning objectives at the beginning of the chapter and the chapter summaries at the end.
The study guide you are now reading is complementary to that process. After finishing
this I would recommend going to the interactive lectures in Mylab . These can be a
very helpful cap to exam preparation. As well, they can be used in conjunction with your
initial reading of the chapter. Keep in mind that the review process assumes you have
already given the chapter a good full reading. It is not a substitute for reading the
chapter. This study guide begins with the learning objectives for chapter seven.
L
EARNING
O
BJECTIVES
:
3.1 Describe the key features of each form of political system .
3.2 Explain how the three types of economic systems differ.
3.3 Summarize the main elements of each type of legal system.

3.4 Outline the global legal issues facing international firms.