BUS255: International Accounting for Non-accountants
3 credits
The course is designed for non-accountants such as those majoring in business administration. The course emphasizes the international business context of international accounting and financial decision making. We discuss the accounting and reporting for multinational companies, current international accounting issues facing the business world, comparative international analysis, international segment reporting, and other related topics.
Prerequisites: Accounting 102

BUS354: Multinational Financial Management
3 credits
This course studies the various issues impacting multinational corporations and their international financial management. The course deals with the significance of a country’s balance of payments deficits and surpluses; the markets for foreign exchange; exchange rate determination and volatility; methods to deal with currency fluctuations; currency bloc such as the European Monetary Union; the decision-making process concerning location and financing of production and investments; methods of assessing country risk; international taxation issues.
Prerequisites: Business 241

BUS355: Topics in International Business and Finance
3 credits
This capstone course is designed to develop the student’s skill in systematically analyzing and presenting solutions to various problems presented in the case studies in international business, bringing to bear the theory and information learned in previous course. The student will write 4 or 5 “briefing papers” during the semester. Topics vary from semester to semester and include topics such as assessing barriers to trade, risk management in foreign investment, a plan for a feasibility study of setting up an plant abroad, developing a marketing plan for foreign country, problems in evaluating foreign companies for purchase or business partner, evaluating and hedging of currency risks, and assessing political and economic policy risks.
Prerequisites: Economics 328 and 326

ECON207: Comparative Economic and Financial Systems
3 credits
Despite the evolution of many world economies toward the market system and privatization, the major differences - formal, cultural, and informal - in the financial, legal, accounting, social and economic institutions, ownership, business practices and economic policy-making in both the transitioning economies and the world’s major economies pose major challenges for international business decision making and cause major differences in economic performance, income distribution, growth and efficiency of these economies. This course analyzes these components of an economy within a decision-making-information-motivation framework. Examples will be drawn from a number of economies including US, EU, Russia, Mexico, China and Pakistan. Of particular interest are macroeconomic institutions, monetary and fiscal policy, relationships to the world economic organizations as well as the internal political and legal frame work which influences privatization, market structures, competition and comparative internalization of social costs. Also examines the impact of systems and the political and social relationships in the behavior of economic institutions.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON208: The Process of Economic Development
3 credits
The causes of differences in the levels of economic performance among countries; major theories of economic development; policies for economic development.
Prerequisites: Economics 101 or 103 and 102 or 104; English 110

ECON229: History of International Business and Finance, 1850 to the Present
3 credits
This course will study the evolution of typical international business and financial structures and their performance through readings and lectures on international enterprise and national economic histories from the first era of globalization to the present. The business of export-import, financing trade and international investment, and multinational enterprise will be covered. Other topics will include the evolution of international monetary systems, trade regulation, and the size of the international economy.
Prerequisites: Economics 101 or 103 and 102 or 104

ECON326: International Economics
3 credits
An introduction to the theory of international trade and to empirical tests of trade theory.
Prerequisites: Economics 202 or 225