International Business and Trade

Catalog description

International trade has fostered global economic growth as it provides investment, jobs, and access to technology. It offers opportunities to millions of people and has helped them to get out of the poverty. An understanding of real-world international trade rules and business practices is key for students in today's interdependent world. This course introduces students to the theories, systems, and practices of international trade, with emphasis on empirical knowledge. Students will learn the fundamentals around international trade and gain a systematic understanding of why nations trade, what to trade, and especially how they trade. Students will learn principles of the multilateral trading system, international trade terminologies, operations/logistics, insurance, cross-border e-commerce; as well as technology and intellectual property rights and international commercial dispute settlement. Expected learning goals of the course are:  Identify and analyse international trading system, the latest global trends of trade business and investments  Acquire knowledge of fundamental concepts, terms, and documents to facilitating international trade  Understand what is an international trade deal and how it works in all its components, including sales contracts, transportation, finance arrangements, market price management  Be familiar with the use of latest technologies in international trade Prerequisite: Open to sophomores, juniors, and seniors from all majors. Fullfillment: This course satisfies Business China Business Studies (if China related); BUSM: Non-Marketing Elective; BUSF:Non-Finance Elective; Management Track; IMB Business elective.