Academics

College of Business & Economics

Introduction

The School of International Economics and Business has the following educational objectives for fostering human resources with expert qualifications in the international economics and business sector based on the creative academic spirit of Yeungnam University and the educational goal of the College of Business and Economics.

  • 1) Foster progressive and creative human resources that will contribute to the nation's economic and trade development
  • 2) Instill basic qualities and institutionalized knowledge that students in the College of Business and Economics should have
  • 3) Improve abilities in foreign language and computers to meet the demands of the globalized and information era
  • 4) Instill practical expertise that professional manpower performing duties related to international economics, international management and trade should have from an international aspect.

History

HistoryThis table demonstrates the history of this major according to years.
December 1969 Established as the first department of trade in the Daegu/Gyeongbuk area
December 1973 Opened masters degree program for the Department of Trade
December 1978 Opened Ph.D program for the Department of Trade
March 1997 Designated as 'key department' by Yeungnam University
March 1999 Integrated into the School of Business and economics
September 2001 Selected for 'Trade Incubator', which is a trade professional fostering program funded by the Ministry of Commerce, Industry and Energy
March 2002 Separated from the School of Business and Economics and promoted to the School of International Economics and Business
September 2007 to Current Selected for 'Global Trade Expert Program' which is a trade professional fostering program funded by the Ministry of Commerce, Industry and Energy.
March 2011 to Current Selected for 'Operator of FTA Practice Program' funded by the Ministry of Strategy and Finance.

Job Fields

The international economics and business field, which includes international commerce, global management, international financing and trade, has a much higher social demand compared to the limited supply of human resources. The various governmental ministries in the central level as well as the local level such as the Ministry of Education, MOTIE and MOSF are increasingly funding to develop the human resources in this field. Students who are specialized in this field can have successful careers in any sectors they like to as seen below.

Public Sector

International economics and business specialist for MOTIE, MOSF, Bank of Korea, Financial Supervisory Service, Korea EXIM Bank, KOTRA, KITA and the Korea Chamber of Commerce. Researcher for public research institutions such as KIET, KIEP, KDI, and so on.

Private Sector

Foreign investment company, domestic conglomerate, companies or overseas work at international branches, as well as international finance parts of banks, insurance and securities companies, or employment at trade companies, e-commerce or e-trade businesses. Researcher for private research institutions such as the Samsung Economic Research Institute, LG Economic Research Institute, POSCO Management Research Institute, Korea Trade Research Center, and so on.

International Organizations

International Economics and Trade specialists for International organizations such as UN, WTO, IMF, OECD, World Bank and so on

Academic sector

Professors of International Economics in domestic and international universities.

Others International organizations such as UN, WTO, IMF, OECD, or the press such as economic magazines nationals dailies, local dailies, etc.

Faculty

sorted by the position and Korean name

Curriculum

Major Of International Economics And Business
  • 1-1,2
    CurriculumThis table demonstrates the curriculum accroding to academic year.
    1- 1
    SEMINAR FOR ACADEMIC LIFE
    1. Summary of the course This course is to assist university freshmen in CRM designing to adapt university life well through the instruction and counselling of supervising professor. (This course is composed of self analysis, personality type test, career research, instruction for the success of university life, career plan and direction setting, CRM designing method and CRM designing. The course should be teaching in classes of the students by supervising professor.) 2. Course objectives This course is to motivate the students before the mid term exam and provide students with self analysis, personality type test (MBTI or TCI) and career research (YAT test). Also, this course shall has a plan to instruct the students to enhance the efficiency of university life through career and time management. In addition, this course is to make a chance for the students to have practical assistance to university life by providing study method, report designing strategy and the information on academic system and various kinds of internal programs of the university. After the mid term exam, the students will be instructed to set the direction of career designing through continuous counselling of supervising professor and the students will be able to establish CRM designing and execution plan.
    1- 1
    UNDERSTANDING IN BUSINESS MANAGEMENT
    The corporations in 21st century have been severely challenged by the accelerated changes in local and global business environments complicated with diverse issues from the political, economical, socio-cultural, and environmental aspects. The main reason of studying management is contributing to suggestion of directions and principles for solving diverse problematic phenomena faced in management practices and for further development of our society. The purpose of this subject is to teach students the overall management concepts and theories so that they could understand many management issues and deal with effective managerial decision making in management practices.
    1- 1
    UNDERSTANDING THE PRINCIPLES OF ECONOMICS
    By introducing students to the very basic economic principles, this course purpose to enhance student's ability analyze and synthetically understand the mode of human behavior in its economic aspects as well as the economic system. Detailed subjects to be dealt with in this course are as follows : the native and purpose of economics, the theory of demand and supply and its applications, the theory of consumers’and firms’behavior, the theory of competitive markets, monopoly, monopolistic competition, and oligopoly, etc.
    1- 2
    APPLIED STATISTICS
    It is a lecture on statistical methods which abstract and summarize information from raw data. Descriptive statistics of which histogram, scatter plot, etc. are main issues and concepts of probability which is the basic paradigm for sample behavior, will be treated. Important concepts in statistical inference will be also covered. Based on these fundamental concepts, testing of the mean, variance and proportion, comparison of two means, correlation analysis, analysis of variance, regression analysis, categorical data analysis, time series analysis, non-parametric methods will be taught. Also students will have laboratories for real data analysis with statistical packages.
    1- 2
    INTRODUCTION TO FINANCIAL ACCOUNTING
    This course provides an introduction to accounting within the context of business and business decision. The audience will explore accounting information’s role in the decisions marking process, and learn how to use various types of accounting information found in financial statements and annual reports. Understanding how accounting information can be used to make better business decisions will benefit all students, regardless of their major course of study or chosen career.
    1- 2
    SOCIAL CONTRIBUTION AND SERVICE
    This course is to cultivate community sense as members of society and the global village for students in order to develop the basic knowledge required as global citizens. Especially, this course is to foster the spirit of cooperation, sharing, service, and creativity and study the social contribution and leadership to solving the challenges the global community faces. As a liberal arts course, it is centered to nurture a leader having the global capability to contribute to community development through learning the knowledge and the case on the value & logic of social responsibility focused on environmental preservation, social contribution, and good governance(ESG). This course aims to foster a generous mind, learn knowledge and technology and build the capacity to contribute to building a society towards a safer and happier world through the study of theory and practice.
    1- 2
    SOFTWARE AND AI
    Software and AI (Artificial Intelligence) course aims to educate the basic concepts of software and computational thinking to use them in various applications. It allows students of various majors to experience the core technologies of the 4th industrial revolution, such as big data, machine learning, and AI. It also introduces various applications of AI so that students can easily apply these technologies to their field of study. This course classifies the lecture types into three categories, and adjust the lecture difficulty according to the student's academic ability.
  • 2-1,2
    CurriculumThis table demonstrates the curriculum accroding to academic year.
    2- 1
    BUSINESS ENGLISH Ⅰ
    This course is designed for studying English which is essential to international tradeand international management activity. This course will study standard English which is used in local.
    2- 1
    COMPUTER UTILIZATION AND PROGRAMING
    Learning computer utilization and programming is critical in the era of the fourth industrial revolution. Through this course, we will develop basic computer and programming skills and apply them to the field of international trade. In this course, students will gain a basic understanding of computers and learn how to use computers in international trade. In the lab, students will learn the fundamentals of using HWP, Execel, PPT and programming with R.
    2- 1
    FOREIGN TRADE PRACTICE
    This course investigates basic theories, laws, rules and customs of international sale of goods, international transport, international payment and settlement of international commercial dispute arising from the course of international trade.
    2- 1
    GLOBAL BUSINESS MANAGEMENT
    The purpose of this course is to provide valuable knowledge as well as fundmental theory required for successful management of global business executed under various different political, economical, social and cultural environments across countries.
    2- 1
    MICROECONOMICS
    This course covers the general microeconomic theory of the behavior of individual decision-making units such as household and firm. Furthermore, the general equilibrium theory, welfare economics and information economics are also briefly introduced in this course.
    2- 1
    THE CUSTOMS LAW
    The law of international trade comprises the legal rules with a very broad subjects concerning transnational commercial transactions. However, introductory study such as this course, some of the most important aspects of the subject will be dealt with.
    2- 2
    CAREER DESIGN
    1. Summary of the course This course is to let the students to set the career goal at the early stage of university life through systematic and continuous counselling and instruction on CRM achievement and change of career designed by the students after the admission to the university. This course is to let the students attain career management method and edit, complement and confirm the CRM in a systematic manner by self analysis and analysis of employment competence while the course is being taught. Also, this course is to utilize video lecture as the secondary teaching material to let the students have competency in employment. 2. Course objectives This course is to assist to the enrolled students in designing their own employment plan for themselves by the education of drafting application materials for employment (resume, statement of purpose and application forms), communication skills and presentation skills. Furthermore, the course ultimate goal of guiding the students to systematically design (manage) CRM at each grade of the university with the counselling by the supervising professor until the time of graduation.
    2- 2
    BUSINESS ENGLISH Ⅱ
    This course is designed for studying English which is essential to international trade and international management activity. This course will study standard English which is used in local.
    2- 2
    FOREIGN TRADE ACT
    This lecture is on the foreign trade act as a fundamental rule to govern korean external trade. This lecture is composed of 5 parts as follows; legal system on trade management, trade management institutions, trade agent, management on nomenclature of products, rule of origin, remedy system on industrial injuries by imports.
    2- 2
    INTERNSHIP(1)
    This course is designed to develop the practical knowledge and experience the job training at the trading firms in order to cultivate trade specialists.
    2- 2
    E-TRADE
    e-Trade is not just to buy and sell tangible goods collaborating with trade partners but also to conduct electronic transactions within an organisation. e-Trade could have an impact on a significant portion of the world, on business and on people. This class is to study what e-Trade is; how it is being conducted and managed; and its major opportunities, limits, issues and risks. The topics are Market research, business proposal, offer/order, sales contract, marine insurance, transportation, arbitration in the whole process of cyber trade. It, particularly, distinguishes two extreme trade environments, off-line trade and on-line trade that coexist these days.
    2- 2
    FUNDAMENTALS OF FINANCIAL MANAGEMENT
    This course is the basic finance course designed to enhance the accurate understanding of high level financial transactions in the economy. It deals with the understanding of the financial statements, cash flow analysis, the concept of present and future value, assessment of financial state.
    2- 2
    MACROECONOMICS
    This course deals mainly with the problems of inflation and unemployment and focuses on how government policy can influence them. Heavy emphasis will be placed on a thorough understanding of basic analytical tools such as IS/LM framework and AD/AS model. Will center on an organized examination of the theoretical structure of different schools. Real world issues along with relevant data concerning the current state of the Korean economy will also be presented and discussed.
    2- 2
    THEORY OF INTERNATIONAL TRADE
    This course deals with the pure theory of international trade. It studies the classical, the neoclassical, and Heckscher-Ohlin trade model as well as New trade theory, analyzing the sources of trade, the determination of trade pattern, the determination of terms of trade, and the economic effects of trade.
    2- 2
    TRADE ENGLISH
    This course is to help the students think their approach to documents in foreign trade through exposure to materials written in English in fields such as manufacturing companies, transporting companies, insurance companies, and other institutions concerning. For good English to speak, listening, reading and writing emphasis will be placed on developing a multi dimensional command of English which enables them to make themselves understanding by others rather than on acquisition of knowledge limited only to reading and comprehending. The class also covers the basic principles and understanding of international rules relating to international commerce, particularly UCP and Incoterms.
    2- 1,2
    SPECIAL LECTURE SERIES
    This class offers special lectures by renowned people. These lectures are designed to provlde students with broad perspectives for planning their future career.
  • 3-1,2
    CurriculumThis table demonstrates the curriculum accroding to academic year.
    3- 1
    FINANCIAL DERIVATIVES
    This course presents financial derivatives, including futures, options and swaps, from the broad perspective. It provides a survey of both practical and conceptual interest, from the mechanics of trading of financial derivatives to the theoretical determination of the prices of financial derivatives. The student should come away with an understanding of the behavior of financial derivative markets, and how to use them in making business decisons.
    3- 1
    INTERNATIONAL TRANSPORTATION
    Whereas an effective international logitics system is important for domestic operations, it is absolutely critical for global manufacturing and marketing. International logistics operations must accommodate all domestic requirements and also deal with increased uncertainties associated with distance, demand, diversity, documentation etc. The class starts with focusing on forces, barriers and challenges involved in transportation and up to International logistics. It follows outlining typical international logistics operation models and stressing how major transport companies change as an international logistics company becomes more globalised.
    3- 1
    INTERNSHIP(2)
    This course is designed to develop the practical knowledge and experience the job training at the trading firms in order to cultivate trade specialists.
    3- 1
    THEORY OF FINANCIAL INVESTMENT
    The goal of this course is to provide students a grand tour in various aspects of modern financial theories and practices related to financial investment. This course emphasizes in-depth understanding in certain traditional areas for the course and introduces current topics at an introductory level. This course mainly covers stock and bond valuations and the modern portfolio theories, besides some general knowledge of financial markets and market efficiency. In addition, this course includes some introduction to security analysis techniques, performance evaluation and portfolio management.
    3- 1
    INTERNATIONAL MONETARY ECONOMICS
    The course consists of two parts; One is to cover the theory of open macroeconomics. Students will learn how to extend a closed economy to the open economy by allowing capital to flow between countries. And then students study how the freely-moving capital affects national income, employment, interest rate, and exchange rates. The second part of this course deals with various financial derivatives. It also discusses forwards and futures markets as well as spot currency markets.
    3- 1
    THEORY OF WORLD TRADE POLICY
    This course is to understand the objective of trade policy, the characteristics comparison with free trade and protectionism which effects on domestic economy and international economy. And this field deals with the basic theory of economic integration, organization and negotiation of world trade, too.
    3- 1
    WORLD REGIONAL ECONOMY
    This course is designed for studying the principle of world regional study. And this course is designed for studying economic phenomena of world regional economy such as world trade policy, organization of economic cooperation, environment of trade.
    3- 2
    FIELD WORK
    The objective of this course is designed for the students in the major of International Economics and Business to achieve both the practical knowledge and the experience in the related job fields.
    3- 2
    INTERNATIONAL ECONOMIC RELATIONS
    This course is subject to analyze and discuss on the general economic relations between countries and the general problems which can be discussed by theoretical basis of actual and monetary analysis.
    3- 2
    INTERNATIONAL LOGISTICS
    Logistics Management has become the core sector to create important economic value by the globalisation. Logistics is the cost-effective process of planning, implement, control to deal with the flow and storage from materials, semi-product, finished product and the resources of related information to the point of consumption to satisfy the customers' needs. For the manufacturers, the practical use of SCM(Supply Chain Management) has been gradually needing to establish the most competitive system for the production and distribution. The course aims to introduce the basic concepts and theories of logistics management in domestic and global context. It is also to deliver the general theories and practical knowledge on the material flow and to understand the entire internal commercial trades by looking into the commercial logistic parts and physical material flow simultaneously by including how the companies succeeded making efficiency of logistic control and what are the practical parts of trade as the previous stage of international material flow.
    3- 2
    INTERNATIONAL MONETARY FINANCE
    This course deals with not only the basic principals of international finance but also open economy macroeconomics comprehensively. The most important recent developments and policy, the cause of exchange rate movements, international policy coordination are discussed.
    3- 2
    INTERNATIONAL SETTLEMENT
    This course investigates principles, laws, international uniform rules, customs and practices of letter of credit, collection and remittance as method of international payment.
    3- 2
    INTERNSHIP(3)
    This course is designed to develop the practical knowledge and experience the job training at the trading firms in order to cultivate trade specialists.
    3- 2
    INTRODUCTORY ECONOMETRICS
    Econometrics course provides students with ability to empirically assess and test theoretical models. Students will mainly learn linear regression methods and how to apply them, based on previous knowledge of basic statistics. Also minimum computing skills are learned to apply the empirical methods.
    3- 2
    TEACHING METHODOLOGY OF BUSINESS INFORMATION EDUCATION
    This course studies educational theory of businees information,its historical background, its purpose,and analyzes recent secondary school teaching processes.
    3- 2
    VENTURE PLANNING(CAPSTONE DESIGN)(1)
    This course is designed for the junior and senior level students in major of International Economics and Business both to understand theoretical knowledge and also to practice venture planning at the same time. With this course, focusing on the acquisition of various know-hows, knowledge&practical experiences in the real business field based on the understandings of systematic theories, students will have valuable insights and real opportunities to create venture.
    3- 2
    FUNDAMENTALS OF RISK AND INSURANCE
    This lecture focuses on utilizing isurance contracts in managing various risks often confronted by both individuals and business entities. For this purpose, this lecture deals with characteristics of various insurance products as well as fundamental background knowledges in insurance, that will helps students manage various risks in daily life.
    3- 2
    INTERNATIONAL FINANCIAL MARKETS
    This course investigates not only the basic principles of international finance, but also instruments, practices, and various segments of international financial markets including foreign exchange markets, international capital markets and financial derivative markets.
    3- 1,2
    GLOBAL ENTREPRENEURSHIP
    The objective of this course is designed for the students in school of International Economics and Business to achieve both the practical knowledge and the experience related to entrepreneurship. On the top of other priorities, the course emphasizes global-focused entrepreneurship and interactive education which is designed to prepare the growing competition of current economic era.
  • 4-1,2
    CurriculumThis table demonstrates the curriculum accroding to academic year.
    4- 1
    CAREER SEMINAR IN INTERNATIONAL TRADE
    In this course, students are taught practical knowledge necessary for job career such as effective ways of interviewing with employers and filling out application forms for acquiring job. This course is also designed to develop in-depth understanding of international economics, international management, international finance and international commercial practice area by preparing exams in each field and training for practical tasks.
    4- 1
    FIELD WORK
    The objective of this course is designed for the students in the major of International Economics and Business to achieve both the practical knowledge and the experience in the related job fields.
    4- 1
    FTA AND INTERNATIONAL TRADE
    This course deals with the international trade under global FTA(Free Trade Agreement) trade environment. It studies traditional economic integration theory of FTA, FTA as a new regionalism, contents of major FTA, economic effect of FTA and trade practices under FTA and so on.
    4- 1
    GLOBAL FINANCIAL MANAGEMENT
    This course attempts to help managers of multinational corporations cope with the rapid change and increased complexity of international financial environment. Thus, it particularly focuses on key concepts and practical applications of three major areas including management of foreign exchange risk, financing from international capital markets, and foreign investment decision.
    4- 1
    GLOBAL MARKETING
    This course is subject to acquire the basic knowledge for firm's successful global marketing. Specifically this course deals with global product policy, global pricing policy, global promotion policy, global distribution policy, and global marketing strategy.
    4- 1
    INSURANCE COMPANY MANAGEMENT
    This lecture focuses on recognizing various issues often confronted by insurance companies that try to manage the overall operations efficiently. For this purpose, this lecture deals with practical knowledge and skills as well as academic theories that eventually helps students understand the issues related to insurance company operations.
    4- 1
    INTERNSHIP(4)
    This course is designed to develop the practical knowledge and experience the job training at the trading firms in order to cultivate trade specialists.
    4- 1
    INTERNSHIP(5)
    This course is designed to develop the practical knowledge and experience the job training at the trading firms in order to cultivate trade specialists.
    4- 1
    KOREA AND THE WORLD ECONOMY
    This course studies the Korean economy and trade in the global economy in depth through lectures and seminars. First, it deals with the macroeconomic conditions of Korean economy, Korea’s major economic policies - fiscal policy, financial and monetary policies, industrial policy, trade policy, strategies to attract foreign investment, employment and labor policy, science and technology policy, and so on. And it studies Korea's position and role in the global economy, its relations to Asia and the global economy.
    4- 1
    METHOD & RESEARCH OF BUSINESS INFORMATION TEACHING MATERIALS
    Introduction to methods and techniques employed in investigation and reporting educational problems. Suggested for all candidates in education for undergraduate degrees. In addition, this course deals with methodological issues and problems in education.
    4- 1
    VENTURE PLANNING(CAPSTONE DESIGN)(2)
    This course is designed for the junior and senior level students in major of International Economics and Business both to understand theoretical knowledge and also to practice venture planning at the same time. With this course, focusing on the acquisition of various know-hows, knowledge&practical experiences in the real business field based on the understandings of systematic theories, students will have valuable insights and real opportunities to create venture.
    4- 2
    BUSINESS INFORMATION AND LANGUAGE PROCESSING, AND LOGIC PROGRAMMING
    Business information is processed by the technology based on Web that has been improved to process language and knowledge. Language and knowledge processing is a core research field in next geneartion web. Students should study object-oriented language and logic programming, and web programming for preparing the next generation Web. In this lecture, the several advanced topics in language processing are focused. Empirical approach in language processing has been one of the mainstreams throughout the decade. Students will have the introduction to the dictionaries, corpus, the concepts of knowledge engineering, languages for knowledge processing, knowledge representation, inferences by knowledge, and the applications of knowledge engineering, students are asked to develop tools to analyse natural texts and extract useful statistical relations among linguistic units.
    4- 2
    FOREIGN DIRECT INVESTMENT STRATEGY
    This course is designed to foster an understanding of the current Korean laws and system as well as practical procedure relevant to foreign direct investment. In addition, this course introduces the applications of advanced management system based on important global strategic factors for Korean firms to execute successful foreign direct investments.
    4- 2
    FTA THEORY AND APPLICATIONS
    This course studies both FTA theory and its applications to actual business practices. First, this course deals with the worldwide regionalism, the economic effects of FTAs, Korea's FTA policy, Korea's major FTAs with ASEAN, India, U.S. EU. Then it analyzes how to utilize FTAs in business practices, how to understand and apply the rules of origin within FTAs, how to practice FTAs' rules in actual businesses, and other related issues.
    4- 2
    GLOBAL BUSINESS STRATEGY
    This course is subject to acquire the fundamental strategy and managerial knowledge which is required for global business management. Specifically this course deals with global business strategic planning and development.
    4- 2
    INSURANCE AND FINANCIAL PLANNING
    The puropse of this course is to enhance the students' knowledge on lifetime financial planning under 100-age environment. The subjects of this course include risk management and insurance planning, principle of financial planning, retirement planning, annuity and pension planning, inheritence planning, investment planning, tax planning. Since this course handles the materials necessary for preparing financial-planning related certificates such as AFPK, IFP, APIU, and ACIU, senior college students are encouraged to take for job preparation.
    4- 2
    INVESTMENT ENVIRONMENT IN CHINA
    This course provides understanding of the conditions of foreign trade and foreign direct investment(FDI) of China. The Chinese institutions on the foreign trade and FDI are the key topic of this course. Also, the current situation of Korea-China trade and investment relations is covered, with emphasis being put on the case studies of trade disputes, and the success and failures of Korean invested firms in China.

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