This course studies the nature, form and scope of international business. It covers both the macro (contextual environment) and micro (business functions) aspects of the topic. In terms of the context in which international business operates, we will discuss the political, economic, and cultural environment. The emphasis then shifts to how firms operate within this global environment. We will discuss the impact of FDI on host countries’ economies, and how host governments evaluate the effects of foreign direct investment (FDI). We will also discuss how firms carry out their production and financial management activities.