BUSINESS IN THE WORLD ECONOMY

ECO3BWE

2020

Credit points: 15

Subject outline

In this subject you will draw on a range of disciplines and skills to examine the factors that lead to a firm's success in the global environment. You will develop a strategy that aligns the business with its economic, social and institutional environment. Drawing on case studies and research you will develop an understanding of both the key strategic aspects of doing business in the world economy and the challenges of trading and investing internationally. You will identify trends towards global and regional integration and predict the benefits and pitfalls of entering foreign markets.

School: La Trobe Business School (Pre 2022)

Credit points: 15

Subject Co-ordinator: Julio Mancuso Tradenta

Available to Study Abroad/Exchange Students: Yes

Subject year level: Year Level 3 - UG

Exchange Students: No

Available as Elective: Yes

Learning Activities: Business in the world economy

Capstone subject: Yes

Subject particulars

Subject rules

Prerequisites: Student must have completed 240 credit points prior to undertaking this subject

Co-requisites: N/A

Incompatible subjects: N/A

Equivalent subjects: N/A

Quota Management Strategy: N/A

Quota-conditions or rules: N/A

Special conditions: N/A

Minimum credit point requirement: N/A

Assumed knowledge: N/A

Learning resources

International Marketing and Export Management

Resource Type: Book

Resource Requirement: Prescribed

Author: International Marketing and Export Management

Year: 2016

Edition/Volume: 8th Edition

Publisher: Pearson

ISBN: 9781292016924

Chapter/article title: N/A

Chapter/issue: N/A

URL: N/A

Other description: N/A

Source location: N/A

Career Ready

Career-focused: No

Work-based learning: No

Self sourced or Uni sourced: N/A

Entire subject or partial subject: N/A

Total hours/days required: N/A

Location of WBL activity (region): N/A

WBL addtional requirements: N/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

COMMUNICATION - Communicating and Influencing

COMMUNICATION - Cultural Intelligence and Global Perspective

DISCIPLINE KNOWLEDGE AND SKILLS

INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving

INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry

PERSONAL AND PROFESSIONAL - Leadership and Teamwork

Intended Learning Outcomes

01. Describe the salient features of the global business environment and the strategic measures and policies that firms need to implement to succeed in the global market.

02. Reflect critically on data sources and research methodologies and use these to inform business decision making.

03. Analyse case studies of international business decisions, and critically review approaches to solving complex problems to evaluate their chances of success

04. Engage empathetically with a team to elicit and integrate different viewpoints on problems, solutions, risks and opportunities in global business.

05. Prepare and deliver an effective and engaging presentation of complex ideas to a diverse audience.

Melbourne (Bundoora), 2020, Semester 2, Blended

Overview

Online enrolment: Yes

Maximum enrolment size: N/A

Enrolment information: N/A

Subject Instance Co-ordinator: Julio Mancuso Tradenta

Class requirements

WorkShopWeek: 31 - 43
One 2.00 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
In addition, students are expected to undertake between 1-3 hrs of learning and assessment activities each week prior to class.

Assessments

Assessment element	Comments	Category	Contribution	Hurdle	%	ILO*
Individual quizzes and analysis of case studies (equivalent to 1500 words)	N/A	Quizzes	Individual	No	30	SILO1, SILO3
Group presentation - 5 minutes per student (250 words per student)	N/A	Oral presentation	Group	No	10	SILO5
Group assignment (500 words per student)	N/A	Assignment	Group	No	20	SILO1, SILO2, SILO4
Two Hour Final Exam (equivalent to 2000 words)	N/A	Central exam	Individual	No	40	SILO1, SILO2

Sydney, 2020, Study period 2, Blended