Domestic and Global Business Environment

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BA 7000 Domestic and Global Business Conditions
Bradley T. Ewing, Ph.D. Jerry S. Rawls Professor in Operations Management Area of ISQS Office: BA 164A Phone: 742-3939 Email: bradley.ewing@ttu.edu

MBA Summer 2009

COURSE DESCRIPTION BA 7000 - Domestic and Global Business Conditions - This course is intended to help students develop a better understanding of the domestic and global environments in which US businesses compete. Specifically, this course takes a satellite-view of markets in which firms compete, including markets for goods and services; money, bonds and stocks; foreign exchange; and labor. These markets are examined individually and as a system. Particular emphasis is placed on studying the interactions among all markets in order to gain a better understanding of how domestic and global business conditions affect the formulation and implementation of business strategies.

COURSE OVERVIEW This course examines the fundamentals of business conditions analysis with an emphasis on how domestic and global business conditions affect the formulation and implementation of business strategies. Specifically the primary goals of this course are to enable you to:

• • • • •

Recognize the relevance of domestic and global business conditions to managerial decision-making and firm performance, and to apply business principles to relate to business issues and the marketplace. Understand the mechanisms of the domestic and global business environment within the broad social, political, industrial and economic contexts. Explore the nature of business conditions and the implications for decision-making, research, business and policy. Analyze the firm, organization, or practices and its operations from a domestic and global systems perspective. Acquire a skill set of analytic tools that will increase your human capital.

BOOKS & MATERIALS These books are fairly quick and easy to read: The Undercover Economist by Tim Harford The Tipping Point: How Little Things Can Make a Big Difference by Malcolm Gladwell Freakonomics: A Rogue Economist Explains the Hidden Side of Everything by Steven Levitt and Stephen Dubner Travels of a T-Shirt in the Global Economy by Pietra Rivoli

Articles: “Who Supplied My Cheese?” Business Economics, October 2005. (will be posted on my web site www3.tltc.ttu.edu/ewing) “Strengthening Globalization’s Invisible Hand,” Business Economics, October 2006. (will be posted on my web site www3.tltc.ttu.edu/ewing)

Other: Economics for Dummies (contains background, reference material) Online Lecture Notes – a set of PowerPoint slides (in pdf) available on my web site (http://courses.ttu.edu/bewing). You should use these to supplement the e-delivery lectures

You should read “Economics for Dummies” in its entirety before reading any of the other books or doing the assignments. Additionally, you should view the lectures on DVD concurrently with your reading of “Economics for Dummies”. Reading “Economics for Dummies” and viewing the lectures prior to doing the assignments will help you understand the material and it should help you get the best grade possible.

LEARNING OBJECTIVES 1. Develop students’ ability to think in business terms and about the conditions surrounding their operating environment. 2. Develop students’ ability to view organizations from a domestic and global business systems perspective. 3. Build students' analytical skills for conducting business analysis. 4. Provide students with the opportunity to develop strategies for real world problems, and to develop decision making skills. 5. Integrate knowledge gained in other business experiences.

Course Topic Guide
Material to be covered: Business Conditions Concepts and Analysis Introduction to business conditions, concepts and analysis Operating a firm within the domestic and global environment Global economy and the Federal Reserve Economics of Risk – risk analysis (perception & communication), risk management & decision making...
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