Official NUC CCMAS syllabus

BUA 406 — International Business

BUA department course · Nigerian universities

What you'll be able to do (official learning outcomes)

• explain the meaning of International Business
• compare the various theories of international trade
• discuss the terms of trade
• describe the concept of balance of payment accounting
• distinguish between international trade and international finance
• describe the foreign exchange market; and

Course contents

Introduction: The concept of International Business. Classical trade theory: Mercantilism and nation building. Free trade (theory of absolute advantage). Theory of comparative advantage. The assumptions of classical trade theory. Modern trade theory. Factor proportions and factor intensity. Offer curves – reciprocal demand and supply.

Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study BUA 406.

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