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INTERNATIONAL BUSINESS DISCUSSIONS

GLOBAL ENVIRONMENT AND TRADE THEORY

Select a key term from the key terms page located in the chapters in the Learn section (CHAPTER 3). Do research on the key term and find an article that relates to the key term. You will provide a definition of the key term and a summary of the selected article related to the key term. You will also provide a discussion in your own words of the article and how it relates to the textbook. Use 2 other outside sources to support your discussion. Then, you will list and annotate all references in the reference section in APA format.

BIBLICAL INTEGRATION: GLOBAL ENVIRONMENT AND TRADE THEORY

Answer one (1) of the following questions that interests you in a minimum of 150 words. You must include at least 2 biblical references in APA format:

Question 1

1. Matthew 22:36-40 states, “Teacher, which is the greatest commandment in the Law?” Jesus

replied: “‘Love the Lord your God with all your heart and with all your soul and with all your

mind.’ This is the first and greatest commandment. And the second is like it: ‘Love your

neighbor as yourself.’ All the Law and the Prophets hang on these two commandments.”

What would be the implications for nations to follow the above, when considering

tariffs, quotas, and embargoes? Write a short essay for each consideration.

Question 2

2. Psalm 24:1 states: “A Psalm of David. The earth is the LORD’S, and all it contains, The

world, and those who dwell in it”. 1 Corinthians 10:26 states: “… for, “The earth is the

Lord’s, and everything in it.” Job 41:11 states: “Who has a claim against me that I must pay?

Everything under heaven belongs to me.”

Consider the above scriptures and write a short essay on the biblical worldview

response to ownership, operation, and transfer risk. Give equal response to each type of

risk

Question 3

3. Ecclesiastes 11:11 states: “Cast your bread on the surface of the waters, for you will find it after many days.” As mentioned in the text, Solomon was deeply involved in cross-border

commerce. Consider the trade of grain. When the Israelites would trade their grain with other nations, they were essentially “casting [their] bread upon the water.” But notice that with Solomon, the word is plural: “cast your bread on the waters.”

a. Write a short essay explaining the implications from a business perspective regarding

diversification of money, assets, and investments of “casting you bread upon the

waters”?

b. Write a short essay on the biblical worldview response to dealing with business risk

within the context of cross-border commerce. What are some proper ways to approach

business risk while at the same time being responsible with investments? How is being

responsible with investments different than a business gamble since both involve the

risk of losing?

Question 4

4. Consider the trade theories: Mercantilism, Absolute advantage, Comparative advantage,

Factor proportions theory, International product life cycle, International Trade Theory, or

New Trade Theory.

Select one of them and determine what are the Biblical Worldview shortcomings of the

selected theories and what if any recommendations would you make to do away with

these shortcomings

GLOBAL FINANCIAL MARKETS AND REI

Select a key term from the key terms page located in the chapters in the Learn section (CHAPTER 5). Do research on the key term and find an article that relates to the key term. You will provide a definition of the key term and a summary of the selected article related to the key term. You will also provide a discussion in your own words of the article and how it relates to the textbook. Use 2 other outside sources to support your discussion. Then, you will list and annotate all references in the reference section in APA format.

BIBLICAL INTEGRATION: GLOBAL FINANCIAL MARKETS AND REI

Answer one (1) of the following questions that interests you in a minimum of 150 words. You must include at least 2 biblical references in APA format:

Question 1

1. Conduct an Internet search using the following descriptors: biblical worldview and money.

Consider your findings in the light of any topic in this chapter related to money. Compose a

short essay on your findings.

Question 2

2. The global economy is one based heavily on the use of debt and principles of monetary

leverage. Discuss the pros and cons of using debt and leverage from the Biblical Worldview.

Question 3

3. We have studied the IMF and its purpose. Write a short essay proposing adding a Biblical

Worldview component to the IMF.

Question 4

4. Developmental stages of regional economic integration Include: Free trade area, Customs

union, Common Market, Economic Union, and Political Union. Each stage requires a

demonstration of trust before moving on to the next. Likewise, global business managers

who operate from a Biblical Worldview must engender trust in all associates and agreements

overseas. What behavioral characteristics make this possible, and what behavioral

characteristics make this impossible?

Question 5

5. The objective of the OECD is increasing economic welfare through the world by covering

issues associated with social work and economic efforts within participating governments

and nonparticipating governments. It focuses on areas such as macroeconomics, science and

innovation, development, education, and trade. How might Christian ministries be able to

partner with OECD efforts in terms of development and education?

Question 6

6. I Kings chapters 7-10 provide a wealth of insight into the concept of cross-border trade. After

reading these chapters, compile a list of the nation’s King Solomon traded with, as well as,

the details regarding goods and services traded. Include prices and other details, if available.

GLOBAL MARKET ENTRY AND OPERATIONS MANAGEMENT

Select a key term from the key terms page located in the chapters in the Learn section (CHAPTER 7). Do research on the key term and find an article that relates to the key term. You will provide a definition of the key term and a summary of the selected article related to the key term. You will also provide a discussion in your own words of the article and how it relates to the textbook. Use 2 other outside sources to support your discussion. Then, you will list and annotate all references in the reference section in APA format.

BIBLICAL INTEGRATION: GLOBAL MARKET ENTRY AND OPERATIONS

Answer one (1) of the following questions that interests you in a minimum of 150 words. You must include at least 2 biblical references in APA format:

Question 1

1. Visit Gap Missions ministry at their website and answer the following:

(1) Provide a brief overview about the organization. (2) Identify and briefly describe the

different global mission ministries and projects they are involved with and support. (3) Is

their focus in one or multiple countries? (4) What type of mode(s) of entry as described in the

chapter do they most closely engage and resemble?

Question 2

2. Visit Allow the Children ministry at their website and answer the following: (1) Provide a

brief overview about the organization. (2) Identify and briefly describe the different global

mission ministries and projects they are involved with and support. (3) Is their focus in one

or multiple countries? (4) What type of mode(s) of entry as described in the chapter do they

most closely engage and resemble?

Question 3

3. Visit Global Partners in Peace and Development ministry at their website and answer the

following: (1) Provide a brief overview about the organization. (2) Identify and briefly

describe the different global mission ministries and projects they are involved with and

support. (3) Is their focus in one or multiple countries? (4) What type of mode(s) of entry as

described in the chapter do they most closely engage and resemble?

Question 4

4. Read Luke 6:27-31, also known as the “Golden Rule.” Now consider the 3 major principles

of total quality: Customer Focus, Participation and Teamwork, and Continuous Improvement

and Learning. Write a short essay that explains possible ways in which a global operations

manager could connect the Golden Rule concepts to the 3 major principles of total quality.

Question 5

5. Read Exodus 12 and 13, also known as “The Great Exodus.” Now consider the key Issues of

global logistics: Movement of product, Movement of information, Time/service, Cost, and

Integration. Write a short essay that explains possible ways which a global operations

manager could connect The Exodus concepts to the key issues of global logistics.

Question 6

6. What distinctives should a Christian business espouse when considering outsourcing

manufacturing and product development? How could a Christian business use outsourcing to

help support poor nations and economies, global missions, and evangelism? Write a brief

essay answering both questions.

PRINCIPLES OF MICROECONOMICS DISCUSSIONS

ECONOMIC BASICS

In this module’s discussion, you must find a news article containing material that is relevant to microeconomics, clearly link your article to material from the textbook, then compose a thread discussing the topic per the instructions below. The article you choose along with the textbook must be referenced in current APA format. Acceptable research sources for your articles include newspapers, news web pages, and magazines. Sources such as Wikipedia, About.com, book reviews, and blogs are prohibited. You may complete the required research using the Jerry Falwell Library website or by searching the internet for news sources. Thread must be at least 300 words.

In the opening paragraph, provide a summary of the article.

In the second paragraph, explain an economic idea contained in the story. Specifically, refer to material from the textbook, including the page number, and note how the economic idea plays a prominent role in the story.

In the third paragraph, explain what you think about the events in the story. You do not have to agree with what is going on, but you do need to provide your reaction to it. This is your chance to express yourself: what are your opinions? Be sure to defend your position.

Finally, what do you think is a Christian response to this situation? Provide details to support your view (in other words, do not just say “Christians wouldn’t act the same way as economists”).

Be sure to title your thread according to your topic.

MICRO PRINCIPLES

In this module’s discussion, you must find a news article containing material that is relevant to microeconomics, clearly link your article to material from the textbook, then compose a thread discussing the topic per the instructions below. The article you choose along with the textbook must be referenced in current APA format. Acceptable research sources for your articles include newspapers, news web pages, and magazines. Sources such as Wikipedia, About.com, book reviews, and blogs are prohibited. You may complete the required research using the Jerry Falwell Library website or by searching the internet for news sources. Thread must be at least 300 words.

In the opening paragraph, provide a summary of the article.

In the second paragraph, explain an economic idea contained in the story. Specifically, refer to material from the textbook, including the page number, and note how the economic idea plays a prominent role in the story.

In the third paragraph, explain what you think about the events in the story. You do not have to agree with what is going on, but you do need to provide your reaction to it. This is your chance to express yourself: what are your opinions? Be sure to defend your position.

Finally, what do you think is a Christian response to this situation? Provide details to support your view (in other words, do not just say “Christians wouldn’t act the same way as economists”).

Be sure to title your thread according to your topic.

MARKET STRUCTURE

In this module’s discussion, you must find a news article containing material that is relevant to microeconomics, clearly link your article to material from the textbook, then compose a thread discussing the topic per the instructions below. The article you choose along with the textbook must be referenced in current APA format. Acceptable research sources for your articles include newspapers, news web pages, and magazines. Sources such as Wikipedia, About.com, book reviews, and blogs are prohibited. You may complete the required research using the Jerry Falwell Library website or by searching the internet for news sources. Thread must be at least 300 words.

In the opening paragraph, provide a summary of the article.

In the second paragraph, explain an economic idea contained in the story. Specifically, refer to material from the textbook, including the page number, and note how the economic idea plays a prominent role in the story.

In the third paragraph, explain what you think about the events in the story. You do not have to agree with what is going on, but you do need to provide your reaction to it. This is your chance to express yourself: what are your opinions? Be sure to defend your position.

Finally, what do you think is a Christian response to this situation? Provide details to support your view (in other words, do not just say “Christians wouldn’t act the same way as economists”).

Be sure to title your thread according to your topic.

CHAPTER 7 KEY TERMS AND CONCEPTS
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Competition in global markets
o Quality and price
o Counterattack
o Realization of additional profits
o Economies of scale
Opportunities for global expansion
Global market entry
Market expansion risk
o National customer preference
o National business culture
o National regulations
o National political risks
o Lack of global experience
Managerial commitment
Market entry motivation
o Proactive
o Reactive
Competing within an international market
Global strategic planning process
Location
o Market existence
o National attributes
o Geography/socioeconomic attributes
o Openness to global trade
Timing
Scale
E-commerce
Entry mode selection
o Experience of the firm
â–ª Global consumer
â–ª Market orientation
â–ª Environmental changes
â–ª Competitor knowledge competence
o Market potential
â–ª Small markets
â–ª Large markets
o Firm’s production & transportation costs
o External factors
â–ª PESTLE Analysis
â–ª Environmental turbulence
â–ª Technological turbulence
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â–ª Market dynamism
Business entry modes
o Low/High-intensity
o Exporting & importing
o Intermediaries
â–ª Export management company
â–ª Export trading company
o Facilitators
â–ª Private sector
â–ª Public sector
o Licensing & franchising
o Management contracts
o Turnkey projects
o Joint ventures & strategic alliance
o Wholly owned subsidiaries
CHAPTER 3 KEY TERMS AND CONCEPTS
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International trading
Government intervention in trade
Trade deficit
Government promotion of trade
o Special government agencies
o Subsidies
o Export financing
â–ª Export-import bank (Ex-Im Bank)
▪ Supplier’s credit
▪ Buyer’s credit
o Foreign trade zones (FTZ)
Government restriction in trade
o Tariffs
o Quotas
o Embargoes
o Local content requiremnents
o Administrative delays
o Currency controls
Customs officials
Types of law
o Common law
o Civil law
o Theocratic law
Standardization of international laws
Property
o intellectual property rights
o industrial property rights
copyrights
Berne Convention
Individualist vs collectivist
Economic systems
o Centrally planned economy
o Market economy
o Mixed economhy
Nation classification
o Developed nation
o Newly industrialized nation
o Developing nation
Gross Domestic Product (GDP)
Gross National Product (GNP)
Purchasing Power Parity (PPP)
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Big Mac Index
Human Development Index (HDI)
Ownership risk
Operation risk
Transfer risk
Sources of risk
o Corruption & Bribery
o Reputation risk
o Regulatory risk
o IT Network risk
Causes of Risk
o Violence & Conflict
o Terrorism & Kidnapping
o Confiscation, Expropriation & Nationlism
CHAPTER 5 KEY TERMS AND CONCEPTS
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Global financial markets
Borrowers & Lenders
Federal Reserve Bank
Inflation
Minimizing economic risk
Speculators
Foreign Exchange Market (FX)
Exchange rate
Convertible currencies
Conversion rates
Hedging
Arbitrage
Speculation
Direct quotation (American)
Indirect quotation (European)
Spot rates
Bid & Ask/Offer Rate
Forward exchange rate
Forward discount
Forward premium
Cross rates
FX swap
International Monetary Market (IMM)
Futures market
Law of one price
Institutions
o Central banks & governments
o Commercial & investment banks
o Corporations
o Professional money managers
o International investors
o Brokers
Interbank markets
Securities exchanges
Stocks
Bonds
Futures
Over-the-counter market (OTC)
Eurocurrency market
Volatility
Devaluation
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Revaluation
Stable exchange rates
Unstable exchange rates
Gold standard
Smoot-Hawley tariff act
Fixed/Pegged exchange rate
Bretton Woods Agreement
o International Monetary Fund (IMF)
o World Bank
Floating exchange rate
Managed float system
Currency board
European Monetary System
o Exchange Rate Mechanism (ERM)
o Exchange Rate Mechanism (ERM II)
o Maastricht Treaty
â–ª Economic and Monetary Union
â–ª EU Membership requirements
â–ª Convergence criterion

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