Foundations of International Business
Credit points
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
Prerequisites
Co-requisites
(Corequisite units must be studied concurrently with this unit)
Overview
Gain a broad understanding of the international business environment, with Foundations of International Business.
A strong grasp of the multi-faceted nature of international business in the world economy is essential to equip you with the business decision-making abilities required for this dynamic field.
This unit will introduce you to the economic, cultural, political and ethical environments of a firm’s international business operations.
You will critically review international business activities, using the concepts and theories of:
- international trade
- regulatory environment
- investment and foreign exchange
- organisational structure and corporate strategy.
You will work collaboratively, through industry-based case studies and active learning, to understand the challenges firms face regarding globalisation.
Learning Outcomes
On successful completion of this unit, students will be able to:
- Articulate the main theoretical suppositions relating to the fundamentals of international business and the global economy;
- Conceptualise the trade, investment and political economy environment implications influencing international business operations;
- Review multidisciplinary knowledge and frameworks to critically analyse and interpret information for international business operations and market entry strategy decision-making; and,
- Articulate and present analytical findings and strategic recommendations in relation to international business operations of a firm.
Assessment
For Melbourne campuses
Assessment type: Test | Grade: 20%
In-class quiz on international business topics
Assessment type: Report | Grade: 40%
Research report (Group)
Assessment type: Test | Grade: 40%
Final in-class assessment on international business theories and strategies
Other locations
Assessment type: Test | Grade: 20%
In-class quiz on international business topics
Assessment type: Report | Grade: 40%
Research report (Group)
Assessment type: Examination | Grade: 40%
Final examination on international business
Required reading
Students will have access to required readings via VU Collaborate and are not required to purchase the listed textbook.
International Business: Competing in the Global Marketplace ISE.
Hill, C. (2022). | McGraw Hill.
https://research.ebsco.com/linkprocessor/plink?id=5769623d-c2ed-3503-a7ec-d0578a81b536
As part of a course
This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.