Economic Systems, Comparative Advantage

Assignment 1: Economic Systems, Comparative Advantage

An international business must understand the economic system embraced by the host country and its implications. Moreover, there are powerful economic arguments in support of international trade and they provide a useful perspective on international business.

Research economic systems using your textbook, University online library resources, and the Internet. Respond to the following:

·         Which of the following economic systems would be most suitable for a country: centrally planned, mixed economy, or market economy? State any assumptions you make and give reasons for your position. Explain why you did not choose the other two options.

·         Give examples to illustrate the comparative advantage theory of international trade. Describe areas of comparative advantage for specific countries.

Write your response in 300 - 400 words . Apply current APA standards for writing style to your work. All written assignments and responses should follow APA rules for attributing sources.

By Thursday, January 17, 2013, submit your assignment to the appropriate Discussion area. From the textbook, International business: The challenges of globalization (5th ed.),   read the following chapters:

o    Economics and emerging markets

o    International trade

 Assignment 2: Economic Systems, International Trade

International business professionals should understand the economic environments chosen by different countries and the basic economic measures they entail. Theories of international trade, particularly the theory of comparative advantage, provide an important perspective.

Research economic systems and measures in various countries using your textbook,  University online library resources, and the Internet. Based on your research, develop a presentation. Your role is of an educational specialist in international business and your audience is a group of middle managers.

Discuss the following in your presentation:

·         Alternative economic systems

·         Measurements of national production

·         Alternative theories of international trade

Submit your work in a 10- slides PowerPoint presentation. Use the speaker notes area to write the information supporting the slides. Apply current APA standards for writing style to your work. All written assignments and responses should follow APA rules for attributing sources.

Use the following file naming convention: LastnameFirstInitial_M2_A2.ppt.

By Sunday, January 20, 2013, deliver your assignment to the M2: Assignment 2 Dropbox and to the Doc Sharing area.

 Read the following chapters:

o    Economics and emerging markets

o    International trade