IB315 International Bus. Perspectives

for SP 2012

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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


SP 2012 HOA


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 2nd Floor

Office Hours

MWF 11:00 – 12:00 am  MW   1:30 –   4:00 pm

Daytime Phone




Semester Dates

Monday, January 16, 2012 - Wednesday May 9, 2012

Class Days


Class Time

3:00 - 4:15 PM

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. Recognize the impact of culture on the conduct of business abroad.
  3. Comprehend the major theories on trade and the influence of multinational business on the balance of payments between nations.
  4. 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 Comprehensive Final  

Assignment Description

Short Exams and Comprehensive Final

There will be two short exams and one comprehensive final. The short exams are scheduled after the completion of four chapters of material.   Short exams will be a mix of multiple choice and short answer. The comprehensive final exam will be based on the course content that has been covered during the entire class. It will also be a mix of multiple choice and short answer. All exams will be based on review questions and class assignments.

Each short exam is worth 150 points (for a total of 300 points of the course grade). The comprehensive final exam will be worth 250 points.

Short Projects 

There are four class projects assigned for this course. Most of them require use of the internet. You are to fully answer the questions in the assignments and provide your sources. This includes web address you used for your information.

A minimum response for most short project questions would be two paragraphs per question requiring an essay response. Student should stress quality in their answer rather than volume. Students submitting reams of unrelated, wandering answers but with lots of volume should not expect to receive the same grade as the student that fully answers the question with appropriate material. 

To generate the best response to all questions, students should practice the following recommendations First, read the questions thoroughly and make sure you are answering all aspects of the question that is asked when you construction your response. Second, try to incorporate issues, theories, facts etc. that we have covered in class as part of your response. Most questions are designed to apply the materials covered in class into the answer. 

All short projects are to be submitted electronically by midnight of the due date.

Each short project is worth 62.5 points for a total of 250 points.

Group Assignments

There are two group assignments for this class. Students will be randomly assigned to a group. Each has an individual component followed by a group element. Students will not earn credit for the group until the complete the individual component.

As with the requirements for the short project above the individual element is to be electronically submitted on time. The groups will be assessed based on the quality of the interaction among members and between groups.

Individual component is worth 50 points and the group element is worth 50 points for a total of 100 points per group project and 200 points total for the course. 



                                                                        Number               Weight            Total

        Short Projects                               4                             62.5                250

                    Short Exams                                 2                           150                   300

                    Comprehensive Final Exam         1                           250                    250

                   Team Projects                              2                           100                     200  



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:

1,000 – 900 = A

899 – 750 = B

749 – 575 = C

574 – 425= D

425 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:

Tentative Class Schedule

Please note that this is an outline of the sequence of chapters and subjects covered in class. Actual dates will vary with class progress on course material.

January             16 – 18 Introduction - Course Overview

                                    Chapter 1 Globalization

                                    Short Project One 

            23 – 25 Chapter 3 Differences in Culture

                         Short Project Two

                        30 – 2/1 Chapter 3 Continued

February           6 - 8    Chapter 2 National Differences in Political Economy

                                       Group Project One Smith Corona v Brothers 

                      13 – 15 Chapter 5 International Trade Theory

                                    Short Exam 1

            20       Presidents Day School Closed

           22        Chapter 6 The Political Economy of International Trade  

                                     Group Project Two – Trade Negotiations between The United

                                     States of America and Brazil

                        27 – 29 Chapter 6 continued

March               5 – 7    Chapter 7 Foreign Direct Investment

                       12 – 16 Spring Break

                        19 - 21 Chapter 8 Regional Economic Integration                              

                        26 - 28   Chapter 8 continued

April                  2 - 4 Chapter 15 Exporting, Importing and Countertrade

                                    Short Exam 2

                              6   Good Friday School Closed

                         9 - 11   Chapter 14   Entry Strategy and Strategic Alliances

                                            Short Project Four – The Play Station Story continued

                     16 – 18     Chapter 9 The Foreign Exchange Market

                                       Short Project Three - Currency and Interest Rates

        23 -   25   Chapter 9 & part of Chapter 10 The International Monetary


               30      Chapter 4 Ethics in International Business 

May                  2    Chapter 4 Continued and Final Exam Review

                         9 Final Exam Wednesday May 9, 3:15 – 5:15

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:1/8/2012 8:12:27 AM