IB315 International Bus. Perspectives

for FA 2011

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Mission Statement: Park University provides access to a quality higher education experience that prepares a diverse community of learners to think critically, communicate effectively, demonstrate a global perspective and engage in lifelong learning and service to others.

Vision Statement: Park University, a pioneering institution of higher learning since 1875, will provide leadership in quality, innovative education for a diversity of learners who will excel in their professional and personal service to the global community.


IB 315 International Bus. Perspectives


FA 2011 HO


Foltos, Barry C.


Assistant Professor of International Business


Ph.D. International Business, Saint Louis University
M.B.A. University of Wisconsin – Eau Claire
B.S. Psychology University of Wisconsin – La

Office Location

Norrington 205

Office Hours

MWF 9:00 – 11:00 am MW   2:00 –   3:00 pm

Daytime Phone




Semester Dates

August 15, 2011 - December 9, 2011

Class Days


Class Time

8:00 - 8:50 AM

Credit Hours



International Business Competing in the Global

Marketplace, 8th edition, Charles Hill,

McGraw-Hill 2011

 ISBN – 10: 0078137195

ISBN – 13: 978-0078137198

Additional Resources:

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Course Description:
IB 315 (LL) International Business Perspectives: This course examines international business, especially the multinational corporation, from several perspectives: historical, business, political, cultural, economic and environmental. Attention is given to the impact and effect of the MNC upon traditional societies and nationalistic governments. Its future also is considered in the rapidly changing economies of Europe and the Third World. 3:0:3

Educational Philosophy:

Learning requires student effort. In keeping with this ideal this course will stress student comprehension of the central topics of the textbook. I will add more material as needed but this course is founded on student reading, discussing and comprehending the subject matter as defined by the textbook. Additional exercises are incorporated to further explore the central theme. Students will be assessed using a variety of instruments, from individual to team assignments, class discussion and presentations.

Learning Outcomes:
  Core Learning Outcomes

  1. The student will analyze the reasons for the crash in the economies and currencies in Asia.
  2. The student will research and evaluate the global trend towards regional economic integration.
  3. The student will analyze the importance of finding a reliable and experienced international banker in international business.
  4. The student will analyze the importance of NAFTA and of the new CAFTA agreement.
  5. The student will evaluate the methods that global marketers use to screen foreign markets.
  6. The student will compare and contrast the roles of the WTO, IMF, and the World Bank.

  Instructor Learning Outcomes
  1. Explore the meaning of globalization and understand the different points of view on the subject.
  2. Understand the means used by companies to interact with the nations they operate in including mode of entry, strategic planning, and issues of international operations.
  3. Recognize the impact of culture on the conduct of business abroad.
  4. Analyze the interaction of political and economic systems including integration of nations.
  5. Comprehend the major theories on trade and the influence of multinational business on the balance of payments between nations.
  6. Understand the international monetary system and theories on how currencies are valued.
Core Assessment:

During finals week the student will take a comprehensive exam which is the chosen assessment device for IB315 International Business Perspectives (MLL).

Link to Class Rubric

Class Assessment:

Short project, Short exams, Team Projects and Final.



                                                                        Number                Weight                     Total

        Short Projects                                 4                          62.5                       250

                    Short Exams                                    3                        100                          300

                    Final Exam                                       1                       250                          250

                   Team Projects                                   2                       100                          200

                  Total Points                                                                                              1,000  



All assignments are given a whole letter grade (A,B,C,D,& F). These assignment grades are converted to their 4 point equivalent (A = 4, B = 3, C = 2, D= 1, F = 0) and summed together in order to derive a course cumulative grade point average (CGPA). The CGPA is the basis for your final grade.   The following is the basis used for determining the course final grade:


4.00 – 3.6 = A

3.59 – 3.0 = B

2.9 – 2.3 = C

2.29 – 1.7 = D

1.7- and below = F

The course grade for students will be based on the overall average of homework and tests taken during the course in accordance with the weighting of the various requirements as stated in the syllabus.

All final exams in all School of Business courses will be comprehensive and will be closed book and closed notes. They will constitute 30% of the total course grade and will not be a take-home exam. They will be completed during the test week in the period designated by the registrar or by the Proctor in the case online courses. If calculators are allowed, they will not be multifunctional electronic devices that include features such as: phones, cameras, instant messaging, pagers, and so forth. Electronic Computers will not be allowed on final exams unless an exception is made by the Dean of the School of Business.

Late Submission of Course Materials:

All assignments turned in late will be reduced in value for each day it is late.

Classroom Rules of Conduct:

Students are expected to be on time, alert and prepared as directed for each class. You are  expected to be courtesy and respectful of your peers during any presentation, discussion or exchange of ideas. This includes the operation of cell phones or other personal electronics during class. You are expected to turn off all electronic items before entering class unless prior permission was granted. Please remember that together we all learn better and we rely on each other to both share thoughts and ideas as well as to respectfully hear out those of others.

Course Topic/Dates/Assignments:

August 15 – 19 Introduction - Course Overview

                                    Chapter 1 Globalization

                                    Short Project One


            22 – 26 Chapter 3 Differences in Culture

                         Short Project Two

                        29 – 9/2 Chapter 3 Continued

September                  5 Labor Day – No Class

             7 – 9 Chapter 2 National Differences in Political Economy

                                  Group Project One Smith Corona v Brothers


                      12 – 16 Chapter 5 International Trade Theory

                                    Short Exam 1

          19 – 23   Chapter 6 The Political Economy of International Trade           

                                     Group Project Two – Trade Negotiations between The United

                                     States of America and Brazil

                       26 – 30 Chapter 7 Foreign Direct Investment

October             3 -   7 Chapter 8 Regional Economic Integration

                                    Short Exam 2

                        10 - 16 Fall Recess – No Class

                        17 – 21 Chapter 9 The Foreign Exchange Market

                        24 – 28   Chapter 10  The International Monetary System

                                       Short Project Three - Currency and Interest Rates

                        31 – 11/4 Chapter 12 Strategy of International Business



November         7 – 11   Chapter 13 Organization of International Business

                         14 – 18 Chapter 14 Entry Strategy and Strategic Alliances

                                          Short Project Four – The Play Station Story

                        21 – 23 Chapter 15 Exporting, Importing and Countertrade

                        25 Thanksgiving – No Class

                        28 – 12/ 2 Review Week

December         5 -   9 Exam Week

Academic Honesty:
Academic integrity is the foundation of the academic community. Because each student has the primary responsibility for being academically honest, students are advised to read and understand all sections of this policy relating to standards of conduct and academic life. Park University students and faculty members are encouraged to take advantage of the University resources available for learning about academic honesty (www.park.edu/current or http://www.park.edu/faculty/).from Park University 2011-2012 Undergraduate Catalog Page 93

Plagiarism involves the use of quotations without quotation marks, the use of quotations without indication of the source, the use of another's idea without acknowledging the source, the submission of a paper, laboratory report, project, or class assignment (any portion of such) prepared by another person, or incorrect paraphrasing. from Park University 2011-2012 Undergraduate Catalog Page 93

Attendance Policy:
Instructors are required to maintain attendance records and to report absences via the online attendance reporting system.

  1. The instructor may excuse absences for valid reasons, but missed work must be made up within the semester/term of enrollment.
  2. Work missed through unexcused absences must also be made up within the semester/term of enrollment, but unexcused absences may carry further penalties.
  3. In the event of two consecutive weeks of unexcused absences in a semester/term of enrollment, the student will be administratively withdrawn, resulting in a grade of "F".
  4. A "Contract for Incomplete" will not be issued to a student who has unexcused or excessive absences recorded for a course.
  5. Students receiving Military Tuition Assistance or Veterans Administration educational benefits must not exceed three unexcused absences in the semester/term of enrollment. Excessive absences will be reported to the appropriate agency and may result in a monetary penalty to the student.
  6. Report of a "F" grade (attendance or academic) resulting from excessive absence for those students who are receiving financial assistance from agencies not mentioned in item 5 above will be reported to the appropriate agency.

Park University 2011-2012 Undergraduate Catalog Page 96

Disability Guidelines:
Park University is committed to meeting the needs of all students that meet the criteria for special assistance. These guidelines are designed to supply directions to students concerning the information necessary to accomplish this goal. It is Park University's policy to comply fully with federal and state law, including Section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990, regarding students with disabilities. In the case of any inconsistency between these guidelines and federal and/or state law, the provisions of the law will apply. Additional information concerning Park University's policies and procedures related to disability can be found on the Park University web page: http://www.park.edu/disability .


CompetencyExceeds Expectation (3)Meets Expectation (2)Does Not Meet Expectation (1)No Evidence (0)
2, 4                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
Provides a thorough explanation of NAFTA and the reasons for regional economic integration. Provides a good, but not excellent, explanation of NAFTA and the reasons for regional economic integration. Provides a poor explanation of NAFTA and the reasons for regional economic integration. No answer or provides an insignificant explanation of NAFTA and regional economic integration. 
1, 2, 4, 5                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
Provides a thorough explanation of the reasons for the crash in the economies and currencies of Asia. Provides a good explanation of the reasons for the crash in the economies and currencies of Asia. Provides an inadequate explanation of the reasons for the crash in the economies and currencies of Asia. No answer or provides a poor explanation of the reasons for the crash in the economies and currencies of Asia. 
The student completes a thorough analysis of the methods that global marketers use to screen foreign markets. The student completes a good analysis of the methods that global marketers use to screen foreign markets. The student analysis of the methods that global marketers use to screen markets is not well analyzed. No answer or provides a poor analysis of the methods to screen foreign markets. 
Shows excellent knowledge of the course content through the use of ideas and theories from the course textbook and readings. Shows excellent knowledge of the course content through the use of ideas and theories from the course textbook and readings. Barely shows minimal knowledge of the course content. No answer or provides unrelated information that shows inadequate knowledge of the course content. 
Content of Communication                                                                                                                                                                                                                                   
1, 2, 3, 4, 5, 6                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
O errors 1 to 3 errors 4 to 6 errors No answer or makes more than 6 errors. 
Disciplinary Competency                                                                                                                                                                                                                                    
O errors 1 to 3 errors 4 to 6 No answer or makes more than 6 errors. 
Disciplinary Competency                                                                                                                                                                                                                                    
Student completes an excellent written international business case analysis. Student completes a good written international business case analysis. Student completes an average to poor written international business case analysis. Shows no understanding of how to prepare a written international business case analysis. 


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Last Updated:10/5/2011 1:02:09 PM