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The current and official versions of the course specifications are available on the web at https://www.usq.edu.au/course/specification/current.
Please consult the web for updates that may occur during the year.

ECO8060 Business in the International Economy

Semester 1, 2021 Online
Short Description: Business in Internat'l Economy
Units : 1
Faculty or Section : Faculty of Business, Education, Law and Arts
School or Department : School of Business
Student contribution band : Band 4
ASCED code : 091901 - Economics
Grading basis : Graded

Staffing

Examiner: Mafiz Rahman

Other requisites

Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.

Rationale

Modern business has become international in orientation. Professional managers need a sound understanding of international business, especially from the economic and strategic perspectives. The rationale, formulation and execution of international strategies within a rapidly changing global economy are vital for successful business. Modern managers should have a broad global perspective, a clear vision of the future of international business, risk and uncertainties involved in running a business, dynamics of emerging economies and strong strategic skills.

Synopsis

This course is focused on international business strategy in the changing global economy. The participants of international business and the current global business environment are analysed. Trade, government intervention, competitiveness, national policy, and emerging markets are related to international business strategy. National business environment and policies are analysed with emphasis placed on international business strategy, economic integration and globalisation. Key aspects of doing business overseas including multinational corporation activities are reviewed, emphasising international business strategy in action. Students will develop a broad vision of international business and its likely future challenges as well as practical skills in strategic analysis. Formerly MGT8060.

Objectives

On successful completion of this course, students should be able to:

  1. understand the importance of international business in the global economy; outline the key economic concepts for international business; identify key ideas of trade and competitiveness and apply these to international business strategy; understand the main features of globalisation and economic integration and their effects on international business;
  2. explain the importance of national policies taking into account current global financial and economic conditions in developing international business strategies; critically analyse the business ethics, cultural, political and legal factors that affect international business;
  3. articulate and analyse the main issues including MNC activities in framing an international business and investment strategy, understand the emerging markets and their attractiveness and potential for international business; articulate a clear vision of future directions and challenges for international business taking into account issues of risks and uncertainties;
  4. demonstrate written communication skills including the ability to produce a concise and professional report, using language literacy, computer literacy and numeracy, on business strategic analysis and economic issues that demonstrates an understanding of the intended audience, as well as appropriate delivery, structure and purpose; handle the businesses that have local, national and international contexts; demonstrate problem solving skills required by business managers through the use of appropriate business strategies; develop self-creativity and take appropriate initiatives with regard to economic and business decisions.

Topics

Description Weighting(%)
1. International business and trade in the global economy 20.00
2. The environment of international business 45.00
3. Strategy and opportunity assessment 12.00
4. Entering and operating in international markets and future challenges 23.00

Text and materials required to be purchased or accessed

ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (https://omnia.usq.edu.au/textbooks/?year=2021&sem=01&subject1=ECO8060)

Please contact us for alternative purchase options from USQ Bookshop. (https://omnia.usq.edu.au/info/contact/)

Cavusgil, ST, Knight, G & Riesenberger, JR 2020, International business: the new realities, 5th edn, Pearson Education Limited, Harlow, UK.
(Global Edition.)

Reference materials

Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.
Ball, D, McCulloch, W, Geringer, M, Frantz, P & Minor, M 2012, International business: the challenge of global competition, 13th edn, McGraw-Hill/Irwin, Boston, Massachusetts.
Besanko, D, Dranove, D, Shanley, M & Schaefer, S 2016, Economics of strategy, 7th edn, John Wiley & Sons, Hoboken, New Jersey.
Sawyer, WC & Sprinkle, RL 2009, International economics, 3rd edn, Pearson Prentice Hall, Upper Saddle River, New Jersey.
Lamberte, MB 2005, Asian economic cooperation and integration: progress, prospects and challenges, Asian Development Bank, Manila. (pages 3-41 available at http://www.adb.org/Documents/Books/Asian-Economic-Cooperation-Integration/chap1.pdf).
Masson, P 2001, Globalisation: facts and figures, IMF Policy Discussion Paper PDP/01/04, IMF, Washington. (available at http://www.imf.org/external/pubs/ft/pdp/2001/pdp04.pdf).

Student workload expectations

Activity Hours
Independent Study 165.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
ASSIGNMENT 1 20 20 18 Mar 2021 (see note 1)
ASSIGNMENT 2 30 30 10 May 2021 (see note 2)
OPEN EXAM - TAKE HOME 50 50 End S1 (see note 3)

Notes
  1. Assignment 1 consists of 10 multiple-choice questions and 1 essay question.
  2. Assignment 2 is a comprehensive report.
  3. This will be a take home exam. Students will be provided further instruction regarding the exam by their examiner via StudyDesk. The examination date will be available via UConnect when the Alternate Assessment Schedule has been released.

Important assessment information

  1. Attendance requirements:
    There are no attendance requirements for this course. However, it is the students' responsibility to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.

  2. Requirements for students to complete each assessment item satisfactorily:
    Due to COVID-19 the requirements for S1 2021 are: To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks for that item.

    Requirements after S1, 2021:
    To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.)

  3. Penalties for late submission of required work:
    Students should refer to the Assessment Procedure http://policy.usq.edu.au/documents.php?id=14749PL (point 4.2.4)

  4. Requirements for student to be awarded a passing grade in the course:
    Due to COVID-19 the requirements for S1 2021 are: To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.

    Requirements after S1, 2021:
    To be assured of receiving a passing grade a student must obtain at least 50% of the total weighted marks available for the course (i.e. the Primary Hurdle), and have satisfied the Secondary Hurdle (Supervised), i.e. the end of semester examination by achieving at least 40% of the weighted marks available for that assessment item.

    Supplementary assessment may be offered where a student has undertaken all of the required summative assessment items and has passed the Primary Hurdle but failed to satisfy the Secondary Hurdle (Supervised), or has satisfied the Secondary Hurdle (Supervised) but failed to achieve a passing Final Grade by 5% or less of the total weighted Marks.

    To be awarded a passing grade for a supplementary assessment item (if applicable), a student must achieve at least 50% of the available marks for the supplementary assessment item as per the Assessment Procedure http://policy.usq.edu.au/documents/14749PL (point 4.4.2).

  5. Method used to combine assessment results to attain final grade:
    The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course.

  6. Examination information:
    Due to COVID-19 the requirements for S1 2021 are: An Open Examination is one in which candidates may have access to any printed or written material and a calculator during the examination.

    Requirements after S1, 2021:
    This is a restricted examination. The only materials that candidates may use in the examination for this course are:
    1. writing materials. These must be non-electronic and free from material which could give the student an unfair advantage in the examination.
    2. an unmarked non-electronic translation dictionary (but not technical dictionary). A student whose first language is not English may take a translation dictionary into the examination room. A translation dictionary with any handwritten notes will not be permitted. Translation dictionaries will be subject to perusal and may be removed from the candidate's possession until appropriate disciplinary action is completed if found to contain material that could give the candidate an unfair advantage.


  7. Examination period when Deferred/Supplementary examinations will be held:
    Normally Deferred and Supplementary Examinations are held in the next Examination period. In S1 2021 selected courses will pilot an early Deferred and Supplementary Examination period held within 30 business days of results release. The list of courses involved can be found at https://cmsauth.usq.edu.au/current-students/academic/exams/supplementary-and-deferred-assessment.

  8. University Student Policies:
    Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au.

Assessment notes

  1. Referencing in assignments:
    Harvard (AGPS) is the referencing system required in this course. Students should use Harvard (AGPS) style in their assignments to format details of the information sources they have cited in their work. The Harvard (AGPS) style to be used is defined by the USQ Library's referencing guide at http://www.usq.edu.au/library/referencing.

Date printed 18 June 2021