The course deals with conducting business in a global economy; interdependence among nations, trade, and foreign investment; economic and political risks of operations in a foreign culture; feasibility of entering foreign markets; social responsibility; the role of Business in economic development, foreign aid, and third world debt; international organizations and communities; reducing trade barriers; international commodity prices; balance of payments accounts; establishing foreign exchange rates, fixed and floating rates, purchasing power parity, the euro; transaction and translation risks, international accounting; dealing with inflation, indexing, the real interest rate; small business exporting, channels, financing, the letter of credit; and the many unique environmental forces upon operations. Prerequisites: BM 20403, MKT 21403,.

Offered Fall, Spring for 3 Semester hours.