Topic: Fundamentals of International Trade
Students learn the nature and advantages of bilateral and multilateral trade and are introduced to foreign exchange, trade restrictions, and balance of payments. |
Key Learning Objective
The students will
- describe advantages of international trade
- use exchange rates to determine the value of international currencies
- demonstrate the effects of international trade on prices
- describe the reasons for trade restrictions
- define balance of payments
- demonstrate principles of business ethics
- demonstrate an understanding of world environmental issues
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| Topic: Forming a Company and Conducting International Business
Students create and manage a joint-venture business to engage in international trade. |
Key Learning Objectives
The students will
- set up an international company
- capitalize (funding sources) the company
- manage the company
- research potential markets
- select a product to export that can bring a profit
- operate a joint-venture partnership
- demonstrate an understanding of the principles of international trade
- develop communication and decision-making skills
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Topic: Student Exchange
Students visit their business partners in another country for one week. |
Key Learning Objectives
The students will
- demonstrate knowledge of other cultures
- work effectively with students from other cultures
- exhibit team-building skills
- communicate clearly with people from other cultures
- show sensitivity to the customs of other cultures
- appreciate the diversity of different cultures
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Topic: Management and Economics Simulation Exercise
Students develop strategies for a company that will conduct trade across international boundaries. |
Key Learning Objectives
The students will
- interpret tables, graphs, and charts
- analyze economic data
- organize and present information
- communicate effectively
- manage a simulated company
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