-Discuss concepts critical to nations, such as sovereignty and security, in order to understand political risk.

-Describe the role of firms in the political and legal environment - how firms are shaped by it and how firms shape the laws and politics of a nation.

-Identify the areas of the home country environment that affect a firm's international marketing.

-Explain how U.S. export controls, antitrust laws, and tax laws affect the feasibility and profitability of a U.S. firm's international marketing.

-Discuss the effect of international organizations such as the International Monetary Fund (IMF) and the World Trade Organization (WTO) and regional groups such as the European Union (EU) on the international legal environment.

-Describe international conventions designed to protect intellectual property.