The course encompasses two areas pertinent to the understanding of global business: (1) economic theories and policies and (2) international business strategies and practices.  The first part of the course introduces the underlying economic theories and policies that influence business decisions.  It covers the micro and macro-level issues including the theory of the firm, supply and demand mechanism, market structure, determination of national income, business cycle, exchange rates determination, and fiscal and monetary policies. The second part of the course aims to expose students to the different factors that impact international business decisions. Among the topics covered are the impacts of culture, law, and economic system, government policies on international business, international trade and investment, international financial market, and managing international operations.

On completion of the course, the student should be able to:

1. Explain the fundamental micro and macroeconomic theories and policies pertinent to international business (CLO1)

2. Apply the relevant analytical tools and skills required for sound and ethical decision making in the context of international business operations (CLO2)