Chapter+4+-+International+Environment+of+Business


 * ==__** Friday, October 21: **__==

**1.**
Read pages 85 - 88 in the text The Economist magazine each year famously publishes what it calls the "Big Mac Index," which measures the price of a Big Mac hamburger sold at McDonald's restaurants around the world, and then compares those prices to the exchange rate of other currencies. Many observers find that their index proves to be a surprisingly accurate predictor of exchange rate changes. [|TABLE] (Big Mac Index) Analyze the table and answer the following questions. [|Currency converters]will calculate how much a given amount of one currecy is worth in another currency.
 * 2.**
 * // 1. How much does a Big Mac cost in the United States? //**
 * // 2. In which country is the Big Mac the most expensive? What is the currency exchange rate when compared with the U.S.? //**
 * // 3. In which country is the Big Mac the least expensive? What is the currency exchange rate when compared with the U.S.? //**
 * // Your favorite musical group just released a new CD. The price of the CD is $14.99. How much will that CD cost in Europe? Japan? Sweden? //**

** 3. **
- [|Converse Inc.] (select "Products" and the link to international dealer information on the left) - [|Ford Motor Company] (select "Visit our websites around the world" at the top) // - // [|Levi Strauss & Co] || - || - [|McDonald's Corporation]
 * // For each company identify at least six international countries that it is also located in: //**

**__ Monday, October 24: __**
1. Read pages 88 -94 in the text 2. Complete the following assignment:

1. Review Facts #1, 2, 3, 4, 5 (page 105) 2. Discuss Ideas #1, 2, 3, 4 (page 105)
 * Review What You Have Read: **

__** Friday, October 28: **__
1. Read pages 94 - 98 in the text 2. Complete the following assignment:

1. Review Facts #7 & 9 (page 105) 2. Discuss Ideas #9 (page 106)
 * __ Review What You Have Read: __**

Analyze Information #2 (page 106)
 * __ Exercise: __**

**__ Monday, October 31: __**
1. Read pages 98 - 103 in the text 2. Complete the following assignment:

1. Review Facts #10, 11, 12, 13 (page 105) 2. Disucss Ideas #10, 12 (page 106)
 * __ Review What You Have Read: __**

Analyze Information #3 (page 106-107)
 * __ Exercise: __**

**__ Tuesday, November 1: __**
For each exercise, summarize what you learned. 1. International Monetary Fund: [|Trading Around the World] 2. International Monetary Fund: [|What Does the IMF Do?]
 * __ Exercises: __**

**__ Thursday, November 3: __**
For each exercise, summarize what you learned. 1. International Monetary Fund: [|Why do We Need the IMF?] 2. International Monetary Fund: [|How Can the IMF Help in Crisis?]
 * __ Exercises: __**

**__ Friday, November 4 - Monday, November 7: __**
It is important to learn as much about a country as possible before making a decision about marketing products and services there. Your task is to research a country you believe might provide potentially attractive markets for U.S. businesses. You need to gather facts and inforamation abou the country using any appropriate research sources. Collect information about the following factors: population characteristics, geography, culture, economy, government and politics, and business statistics. Find at least one table or chart displaying information on one of the topics you researched. When you have completed your research, prepare a report describing the country and its potential for international business. Include your table or chart in the report.

__ **Tuesday, November 8 - Thursday, November 10:** __
Click [|here] for the assignment over Comparative Advantage.

1. Start with the Pre-Test. You read about Comparative Advantage in your textbook readings. 2. Watch Epsiode #1: Jack of All Trades 3. Commercial Break #1 4. Watch Episode #2: Opportunity Cost 5. Comercial Break #2 6. Watch Episode #3: Comparative Advantage 7. Commercial Break #3 8. Watch Episode #4: Production Possibilities 9. Commercial Break #4 10. Watch Episode #5: Advanced Specialization 11. Commerical Break #5 12. Watch Episode #6: Benefits of Trade 13. Commercial Break #6