Business & Economics Track

Business & Economics Track

Global Marketing and Business Strategy

The objective of the course is to develop your knowledge and understanding of the global marketing environment and of concepts, and tools and theory that will prepare you to take responsibility for successful global decisions in your organization. The perspective of the course is managerial, involving the ability to identify opportunities, resolve problems, and implement solutions and programs. Each class meeting will introduce you to several concepts used in Global Marketing, relating these to managerial decisions throughout the world.

International Banking and Finance

A comprehensive investment course in the investment banking/asset management area associated with the capital market system. The various situations or activities will be discussed in an integrated framework to provide insight into the role and scope of investment banking/asset management in the real cutting-edge environment. The components and functions inspire students to become competent investment bankers/traders/analysts/fund managers for not just the Korean capital markets, but the entire Northeast Asia region or even the global markets.

International E-Commerce

This course examines the impact of electronic technology on international business and explores the alternatives of private sector self-regulation as opposed to government regulation on a national and/or international basis. It surveys existing international agreements applicable to telecommunications and electronic commerce and the need for international negotiations to address particular issues, such as customs and taxation, legal jurisdiction, privacy, security, intellectual property protection and market access.

International Economic Institutions

Globalization has been accompanied, some would say driven, by a thickening web of multilateral agreements, global and regional institutions and regimes, trans-governmental policy networks and summits. This evolving global governance complex regulates and intervenes in virtually all aspects of global affairs. This course offers a comprehensive assessment and critique of this emerging global governance complex, paying particular attention to its implications for globalization. In doing so, this course explores the role of international economic organizations in international political economy; explores the nature of International Trade & Financial Politics from both a theoretical and empirical perspective; seeks to understand how the domestic politics influence International Trade & Financial Diplomacy and are affected by the dynamics of regional integration; examines how and why states have developed regularized patterns of interaction through international economic organizations; further seeks to explain why some arrangements are more durable than others, analyzing the causes of change.

Korean Economy and Business

The Korean economy has undergone a radical transformation since the 1960s. This course explores the changing modes of Korea’s economic strategy, corporate governance, and industrial policy. Also covered in this class are the various dimensions of Korean business practices, including strategic planning, organizational structure, decision making and corporate control, and human resource management.


This subject will expose the students to the logical and analytical methods for microeconomic analysis. On the basis of understanding of basic microeconomic principles, the course introduces the students to the key ideas of microeconomic theory by integrating the verbal logic with mathematical tools. A considerable part of the course will be spent in analyzing decision-making of rational economic agents. The course will deal with the microeconomic principles of consumer choice and preference; the theory of the producers` behavior, market, costs of production, competitive firm, basics of welfare economics. As often as possible, class discussion will expand on theoretical topics by relating actual case studies to the theories discussed in the text. The course is divided broadly into four sections. The first section consists of basic economic theory of demand and supply, market and equilibrium. The second section will consist of production technology, costs and profits. The third section includes study of market structures such as perfect competition, monopolistic, and monopolistic competitive firms. The fourth section consists of a study of public goods and welfare economics at very basic level.


This course deals with a broad range of issues related to international financial markets and conducting business in an international environment. The course will consist of three parts. The first part will introduce the basic concept of international financial management. The second part will focus on the foreign exchange market, and exchange rate determination. The third part will focus on the main global financial markets and institutions. Throughout the course, the lecture will be based on two tenets; emphasis on the basics and on a managerial perspectives. By doing so, students will be left with a framework for analysis that will serve them well when they need to apply this material in their careers in the years ahead.

Economic Growth and Development

Basic concepts and theories of economic development will be introduced during the course, as they are necessary. This course will focus on the process of economic development across the whole world. Students will become familiar with the major theories and issues of economic development and growth. Topics covered would include economic growth, poverty, income distribution, population, unemployment, education, migration, urbanization, technology, international trade.

Instead of providing a purely descriptive and historical account, we emphasize the need to try to understand the way that developing country economies function using economic reasoning. The subject matter to be covered is obviously vast, so the course will select a few key topics. It starts with an overview of alternative conceptual approaches to economic development, focusing on growth, structural change, inequality and poverty. This is followed by a detailed examination of policy issues in agriculture, population, industry and trade, including topics such as price policy, land reforms, import substitution, export promotion and population control. Macroeconomic issues such as fiscal and monetary policies, or issues concerning foreign aid and investment, will not be covered.

Business & Environment Ethics

Should corporations be given the same rights as persons? Is it wrong to do business with oppressive regimes? What obligations do corporations have to the environment? These are but a few of the questions that are central to business and environmental ethics, a field of study that is of concern to philosophers, economists, lawyers, corporate managers, and environmentalists. This course leads students to engage in intellectual inquiry into the role of corporations in society and the impact of business activity on the environment. Specific attention is paid to understanding the nature and ethics of corporations, the causes and implications of environmental destruction, socially responsible investing, and the ethics of advertising

Seminar in Economics and Business

This course is designed to encourage students to broaden, deepen or sustain intellectual interests that grow out of coursework. This course opens up possibilities to pursue independent, concentrated study on topics of special interest in the field of international economics and international business.

Economies in Transition

This course focuses on the economics of development in Africa, Asia, and Latin America, as well as the ‘transition’ countries of Eastern Europe and the former Soviet Union now classified as developing countries. This course is for students who have had some basic training in economics and for those with little or no formal economics background. Essential principles of economics that are relevant to understanding development problems are highlighted in boldface and explained at appropriate points throughout the course. This course also provides students with the material that is sufficiently broad in scope and rigorous in coverage to satisfy any undergraduate and some graduate economics requirements in the field of development.

International Business Transaction Law

This course will introduce students to the mechanics of international business transactions and to the commercial law environment within which these transactions are negotiated and executed at the international level.

Special Topics in Economics and Business

Rather than provide a superficial overview of the entire field, this class will explore an outstanding topic in either economics or business in greater depth. This course is designed to prepare students for independent research. Ideally, this course will encourage students to design and write substantive research papers that could later develop into graduation thesis

Transnational Management

The corporate objective of transnational management is effectively to implement global strategies. The main thrust of TM is to manage local differences while achieving a global optimum. This course is to help participants get a global perspective, which is a necessity in this globalized business environment. Basic concepts of strategy formulation and implementation will be put into discussion to help starters be familiar with “management” and “strategy.”

International Marketing

The continued increase in world trade, integration of the world’s major economies, and the onward march on globalization, assures that the global marketing strategy of a firm will continue to be an important issue. In this overview of “International Marketing”, students will examine: the decision to internationalize, markets to enter, market entry strategies, the design of a global marketing program, and the implementation / coordination of a global marketing program. Throughout the course, students will learn to link theory to practice. This course is designed to be an instructor facilitated, Socratic style, interactive-based class in which students take the lead. Accordingly, it is imperative that students be prepared to actively participate during each class period.

Regional Economic Integration

The purpose of this course is to familiarize students with the process of economic integration, its theoretical foundations and its historical progress. The course facilitates student engagement in the contemporary debates surrounding the economic integration of EU, APEC, and ASEAN.

International Trade Laws & Regulations

Econometrics & Statistics