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Iowa Wesleyan College
Spring 2004
The Economics of International Business   ECON 330
(MCC) Gaekle104     Thursday 6:00 -9:30

Instructor:
John A. Dabeet

Telephone:
Home: 263-8145
Office: 288-6064
Office E-mail: jdabeet@eicc.edu
Home E-mail: info@ampal.net

Office Hours:
Thursday, 5:00 - 6:00

Gaekle 205

Textbook:
Berg, Hendrik Van Den, INTERNATIONAL ECONOMICS, Irwin,  2004.

Course Contents:
We will cover most of chapters one (1) - twelve (12).

Purpose of the Course:
ECON 330 is designed to introduce the student to the environment in which international business is conducted. This environment includes economic, political, and cultural aspects, so these topics are discussed, with emphasis on economic aspects. In addition, time permitting, certain management topics-accounting, finance, logistics, human relations, etc.-will be treated, with an eye toward adapting domestic practices to international business. In terms of overall objective, this course is intended to alert the student to the kinds of research and explorations he/she will have to conduct before undertaking international business. Hopefully, the course will introduce the student to the opportunities and excitement available in international business.

Homework:
Appropriate problem assignments on current material will be given at the lecture. Ideally, these assignments should be completed before the next lecture.

Quizzes:
Approximately four (4) unannounced ten (10) minute quizzes will be given during the course of the semester.

Tests:

There will be two (2) in-class tests and one (1) final exam.

First Test Thursday, March 11, 2004
Second Test Thursday, April 15, 2004
Final Exam Thursday, May 6, 2004

Each test will consist of multiple-choice items, and short essay questions. There is no comprehensive final exam.

Report:
Each individual is required to write a report on the marketing strategy of a firm operating in international business. This report is designed to identify those unique strategies that companies have adopted in their attempts to succeed in international business. Reports are due Thursday April 29, 2004.

Grades:
Course grades will be based on a total of 600 points as follows:
Assignments and case study 100 points
Quizzes 100 points
Report 100 points
First test 100 points
Second test 100 points
Final exam 100 points
Curve will be used for student's final grades.

Attendance:
Attendance is, of course, strongly encouraged, since student's benefit from seeing the theories developed and from interacting with the instructor, with other students, and with the material.
However, if attendance at a particular class meeting is not feasible, please call me before or after to arrange a meeting with me.

Topical Outline

Topics                                 Chapter

International Economics and the                     1

Global Economy

The Open Economy                                           2

The Gains from Trade                                      3

Why Nations Trade                                           4

International Trade and Econ. Growth          5

Protectionism                                                     6

Why Do Countries restrict Foreign Trade      7

Trade Policy                                                       8

Discriminatory Trade policy                             9

The Econ of International Investment         10

The Many Forms Of International Invest.   11

The Foreign Exchange Market                      12

Have A Nice Semester