What does International Business mean for the UAE?

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Presentation transcript:

What does International Business mean for the UAE?

Course Outline: A 10 week course focusing on the special issues and complexities of international business. The textbook does not have this unit in it.* It is a research based topic. Assessment will be: Week 4: A Case Study Week 7: Oral/Visual Presentation Week 11: Exam *We will need to be vigilant about taking notes in class!

Context: A Profile of the UAE Maslow’s Hierarchy of Needs: Review Pyramid p.161 What are basic needs? (Brainstorm what we need to survive in the UAE!) What can the UAE physically provide? Mindmap (Moodle Activity 0.docx) What does the UAE need?

UAE Provides What goods, services, resources are native to the UAE?

UAE Needs What goods, services, or resources do people in the UAE need?

KWL for the UAE What do you know about what the UAE offers the world? What do you want to know (from the UAE Yearbook) What did you learn from the Yearbook?

Ways of Thinking! Using the thinking tools, create lists of ideas for the six headings – Truth Positives Possibilities Facts Feelings What next?

How is IB different? Special issues and complexities Currencies Governments and Laws Languages Culture Economic Systems Geographies Risks are higher

Importance: Why is it necessary to gain resources from the rest of the world? What products are brought into the UAE? From where? Who does the UAE trade with? TASK: Trading Partner Fact Sheet - Create a table of countries that the UAE imports to and exports from. Include the products.

Regional Opportunities What is the purpose of the Gulf Cooperation Council? What can the region offer? What does the region need to access that it cannot make itself?

Currency Exchange Rate Research Task: Find out what the following terms mean: Foreign Exchange Foreign Exchange Rate What influences the ‘Foreign Exchange Rate’?