Introduction to International Business (11204.2)

This unit provides the fundamental knowledge in international business. This unit of study aims to understand how contemporary businesses operate in an international environment. The unit covers economic and business theories and frameworks explaining foreign direct investment and trade and country and firm level factors that impact global strategy. Topics examined are relevant to both the environment (economic, political, legal, and cultural) and competitive strategy (international expansion strategy, entry mode, cross-border strategic alliances) of international business. The unit discusses both long-standing challenges facing international businesses and new ones posed by a changing geopolitical context.

Learning outcomes

After successful completion of this unit, students will be able to:
1. Demonstrate an effective understanding of how social, economic, geographical, institutional and cultural factors shape the environment in in which international business make trade and investment decisions;
2. Apply specialised business and economic concepts to analyse major factors and issues affecting the development of international business;
3. Analyse and evaluate advanced knowledge of how businesses operate in an international context, particularly with respect to trade and investment decisions; and
4. Identify, collect, classify, evaluate, and utilise real world information to prepare an international business plan for an organisation.

Graduate attributes

1. UC graduates are professional - communicate effectively
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - take pride in their professional and personal integrity
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development
3. UC graduates are lifelong learners - be self-aware
4. UC graduates are able to demonstrate Aboriginal and Torres Strait Islander ways of knowing, being and doing - use Indigenous histories and traditional ecological knowledge to develop and augment understanding of their discipline

Prerequisites

None.

Corequisites

None.

Incompatible units

None.

Equivalent units

None.

Assumed knowledge

None.