Our goal is to introduce students to the concepts and principles in international finance that allow for the competitive success of businesses. This course combines a strong foundation in international finance theory with current and practical applications. It provides thorough, up-to-date treatment of cutting edge international finance issues along with traditional treatment of international financial management. The textbook contains hands-on, real world applications and covers currency flows, exchange rates, international investment, asset and liability management, and financing international trade.
The theories of comparative advantage, imperfect markets, and product cycle will be presented. International opportunities and international business methods such as licensing, franchising, joint ventures and acquisitions are covered. Countries on the itinerary along with other emerging and established markets will serve as examples. Methods of evaluation: quizzes, midterm, final, field assignments, term project, and class participation.
Field WorkCountry: Vietnam
Day: 1 - Ho Chi Minh City - 14 February
The field lab for this course will focus on the role of outsourcing in international business. Outsourcing is a major topic in business today and can be explored from different perspectives. To gather information on outsourcing, we will visit a Nike-contracted footwear facility located just outside Ho Chi Minh City. The tour is designed to provide an education in outsourcing, manufacturing processes, the operations of cross-cultural, multinational business organizations and the functioning of the global economy. On the tour we will not only view the production process, but also have a chance to talk to factory workers, managers, health care providers and union representatives. Please Note: As a factory is a place of business, visitors are expected to dress appropriately. For men, appropriate attire may include slacks, a polo shirt and proper shoes. For women, modest skirts or slacks, blouses or sweaters, and closed-toed shoes are appropriate. Academic Objectives:
- To provide an understanding of outsourcing and manufacturing processes,
- To observe the operations of cross-cultural, multinational business organizations
- To experience Nike’s role as a functioning company in the global economy.