COURSE AND REQUIREMENTS

The International Summer Programs through the Farmer School of Business are open to all majors at Miami who meet the prerequisites by May 2010.  Students participating in this workshop will take FIN 299 (3 credit hours), BUS 373 (3 credit hours) and BUS 420 (2 credit hours).

Students must complete all eight credit hours. No exceptions are possible.  

Prerequisite for the 2010 Far East summer workshop is junior standing (58+ hours) by the May prior to departure and a 2.60 G.P.A. by January 2010. 

Second semester expectations:  During second semester there is a time commitment equivalent to one credit hour that addresses cultural, historical, and business aspects of China and Taiwan; necessary course preparations; and travel preparations.  Please be advised of this expectation in the spring prior to your trip, as it can add to your course workload.

Far East will meet most Wednesdays from 6:00 – 8:00 p.m. DO NOT SCHEDULE A CLASS DURING THAT TIME. Start date and location t.b.a. NOTE:  There is no registration involved in the spring; all eight credit hours are taken in Summer I.

Thirty students will be enrolled in this workshop.

BUS 373:  Doing Business in the Far East Asian Countries                                     (3 credit hours)

Prerequisites: Junior standing (58+ hours by May 2010).

This course acquaints students with the issues, problems, and challenges to successfully conduct business, make investment decisions, and/or pursue management careers across national borders in Far East Asian countries in general, and in China and Taiwan in particular.  Emphasis is on financial investment strategies, managerial practices, production/operation requirements/attributes, and other business-related topics. Additional coverage includes topics such as geography, history, language, logic, culture, custom, cuisine, political system, behavioral philosophy, value concept, religion, and modern development in China, Hong Kong and Taiwan.

Taught by Mr. Sean Lancaster: lancassp@muohio.edu, 3098 Farmer School of Business, 529-8103.

FIN 299: Creating Value in the Far East                                                         (3 credit hours)

Prerequisite: ECO 201 and 202

This course examines how firms create value for shareholders in the Far East region.  It will be taught as a practicum where student teams tackle a real-world problem presented by a company that students visit during the trip.  Student teams will present solutions that must integrate both the financial solutions from this course as well as the challenges of doing business in the Far East as discussed in BUS 373.  Course coverage will include reading financial statements, capital budgeting, and capital structure. 

The course is designed for those students with an interest in pursuing a career in the Far East region as well as those who wish to broaden their knowledge of this significant area.

Learning Objectives:

Students completing this course will be able to:

•  Examine an investment project and determine whether the firm should accept or reject the project.

•  Explain how the specific risks of doing business in China affect the accept/reject decision.

•  Calculate a firm’s cost of capital when international risk factors are included

NOTE:  This course will not apply toward the finance major.  It does not meet a finance departmental elective.

Taught by Dr. David Shrider : shridedg@muohio.edu , 3017 Farmer School of Business, 529-8792

BUS 420: The Environment for Business in the Far East                                        (2 credit hours)

Prerequisites:  Junior standing (58+ hours by May 2010). Offered as Credit/ No Credit only.

This course basically acquaints students with the technological and economic development and trends in China and Taiwan. Emphasis is on economic conditions in China, current status and related topics such as culture, customs, history, geography, cuisine, economic development, utilization of information technology (IT), the impact of business and IT development on the economy, and future implications and directions of IT.  Additional topics such as taxation for international internet software development, auditing and control of trans-border information/data flow, offshore development, outsourcing strategies and development are discussed.

This summer workshop is designed to provide students with an overseas learning experience about the environment of international business economy, technology, and culture in Far East Asian countries.  Objectives of this workshop include:

A.Gaining an understanding about technological and economic development in China and Taiwan.
B. Learning the environmental and strategic, cultural, geographical issues involved in investment decisions and entrepreneurship opportunities.
C. Gaining an understanding of the challenges and problems of international business in China and Taiwan.
D. Integrating students’ knowledge and experience through problem solving and data analysis skills.
E. Becoming familiar with the cultural, historical, and associated political and economical issues in China and Taiwan.

Courses taught by Dr. David Shrider and Mr. Sean Lancaster.

Last modified on 9/25/09 | Content maintained by International Programs