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International Economics and Trade Theory

Learn the principles of international business


Sentinel 9

Summary

Price
£12 inc VAT
Study method
Online, On Demand What's this?
Duration
1.8 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed courses certificate of completion - Free
  • Certificate of completion - £3

2 students purchased this course

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Overview

This course has been designed to introduce a variety of aspects of international business. Globalization and growing international trade amongst many different countries have brought new challenges and opportunities for many new economies and established economies. Topics covered in this module includes: Globalization of Commerce, Comparative Advantage of Nations—Factor Availability vs. Production Input, Comparative Advantage versus Absolute Advantage, Strategies for Entering and Developing International Markets, Foreign Direct Investment (FDI), Foreign Exchange Markets and International Monetary System, Exchange Rates Policies, and Purchasing Power Parity (PPP).

Certificates

Reed courses certificate of completion

Digital certificate - Included

Will be downloadable when all lectures have been completed

Certificate of completion

Digital certificate - £3

The certificate will be sent via email once the course has been completed.

Curriculum

1
section
13
lectures
1h 51m
total
    • 1: Course Text 1:03:00 PDF
    • 2: Foreign Direct Investment (FDI) Preview 06:30
    • 3: Strategies for Entering and Developing International Markets 03:49
    • 4: Comparative Advantage versus Absolute Advantage lecture 03:41
    • 5: Comparative Advantage of Nations 02:50
    • 6: International Economics and Trade Theory 06:53
    • 7: Globalisation of Commerce 02:47
    • 8: The Importance of International Business 03:56
    • 9: Purchasing Power Parity (PPP) 02:12
    • 10: Exchange Rate Policies 03:43
    • 11: Foreign Exchange Markets and International Monetary System 04:29
    • 12: International Business General Concepts 02:38
    • 13: Knowledge Quiz 04:00

Course media

Description

BACKGROUND:
Globalization is the expansion of local economies and businesses into a broader, international marketplace. Even small businesses have gotten active in the global environment as the Internet and mobile technology have enabled communication across continents and countries. Globalization has become important for a number of reasons, including the overall need for businesses to compete.
1. The Internet
2. Developing Nations
3. Competition
4. Diverse Populations

LEARNING OUTCOMES:
Upon the completion of this module, users will be able to:
• Understand and evaluate the role of economic analysis within international business contexts and appreciate the economic underpinnings of business strategy in international settings.
• Analyse and synthesize various models of competitive analysis to assess strategic behaviour in international business.
• Apply theoretical and practical knowledge of competitive strategies in the context of globalisation, particularly major entry and exit strategies of international business.

Who is this course for?

  • Business Managers
  • Students
  • Self Employed Individuals
  • Start-up Companies
  • Executives
  • Entrepreneurs

Requirements

  • No prerequisites.
  • No materials distributed.
  • No formal assessments required.

Career path

  • Business Analyst
  • Diplomat
  • International Business Specialist

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

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An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.