Course Title: Business in the Globalised Economy

Part A: Course Overview

Course Title: Business in the Globalised Economy

Credit Points: 12.00

Important Information:

Please note that this course may have compulsory in-person attendance requirements for some teaching activities. 

To participate in any RMIT course in-person activities or assessment, you will need to comply with RMIT vaccination requirements which are applicable during the duration of the course. This RMIT requirement includes being vaccinated against COVID-19 or holding a valid medical exemption. 

Please read this RMIT Enrolment Procedure as it has important information regarding COVID vaccination and your study at RMIT: https://policies.rmit.edu.au/document/view.php?id=209

Please read the Student website for additional requirements of in-person attendance: https://www.rmit.edu.au/covid/coming-to-campus 

Please check your Canvas course shell closer to when the course starts to see if this course requires mandatory in-person attendance. The delivery method of the course might have to change quickly in response to changes in the local state/national directive regarding in-person course attendance. 


Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ECON1086

City Campus

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Sem 1 2006,
Sem 2 2006,
Sem 1 2007,
Sem 2 2007,
Sem 1 2008,
Sem 2 2008,
Sem 1 2009,
Sem 2 2009,
Sem 1 2010,
Sem 2 2010,
Sem 1 2011,
Sem 2 2011,
Sem 1 2012,
Sem 2 2012,
Sem 1 2013,
Sem 2 2013,
Sem 1 2014,
Sem 2 2014,
Sem 1 2015,
Sem 2 2015,
Sem 1 2016,
Sem 2 2016,
Sem 1 2019,
Sem 2 2019,
Sem 1 2020,
Sem 2 2020,
Sem 1 2021,
Sem 2 2021,
Sem 1 2022,
Sem 2 2022

ECON1088

Kolej Metropolitan

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Offsh 3 09

ECON1089

Singapore Inst of Management

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Offsh 1 09,
Offsh 1 10,
Offsh 1 11,
Offsh1 12,
Offsh1 13,
Offsh1 14,
Offsh3 14,
Offsh1 15,
Offsh3 15,
Offsh1 16,
Offsh2 16,
Offsh3 16,
Offsh3 18,
Offsh1 19,
Offsh3 19,
Offsh1 20,
Offsh3 20,
Offsh1 21,
Offsh3 21,
Offsh1 22,
Offsh3 22

ECON1176

Hong Kong Management Associatn

Undergraduate

625H Economics, Finance and Marketing

Internet

Offsh1 13

ECON1269

RMIT University Vietnam

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Viet3 2012,
Viet1 2013,
Viet2 2013,
Viet3 2013,
Viet1 2014,
Viet2 2014,
Viet3 2014,
Viet1 2015,
Viet2 2015,
Viet3 2015,
Viet1 2016,
Viet2 2016,
Viet3 2017,
Viet2 2018,
Viet3 2018,
Viet1 2019,
Viet2 2019,
Viet3 2019,
Viet1 2020,
Viet2 2020,
Viet3 2020,
Viet1 2021,
Viet2 2021,
Viet3 2021,
Viet1 2022,
Viet2 2022

ECON1329

RMIT Vietnam Hanoi Campus

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Viet3 2019,
Viet1 2020,
Viet2 2020,
Viet3 2020,
Viet1 2021,
Viet2 2021,
Viet3 2021,
Viet1 2022,
Viet2 2022

Course Coordinator: Professor Alberto Posso

Course Coordinator Phone: +61 3 9925 5669

Course Coordinator Email: alberto.posso@rmit.edu.au

Course Coordinator Location: Melbourne Campus Building 80, Level 10

Course Coordinator Availability: Please check with course coordinator via email


Pre-requisite Courses and Assumed Knowledge and Capabilities

None.


Course Description

Business in a Globalised Economy is an applied business economics course that introduces students to the world of international trade and global connectedness. The course prepares students for a global career, introducing topics such as global value chains, protectionism, and the role of trade in modern societies. Focusing on the challenges of current and future economic downturns, the course points to the critical role of economic openness for restarting the global economy.


Objectives/Learning Outcomes/Capability Development

-


On successful completion of this course you will be able to:

  1. Apply the process of globalisation and how it changes issues, such as regulation, information technology, and services.

  2. Gain insights into trade patterns and develop the ability to critically examine and discuss various elements of trade.

  3. Reflect on the role of trade as a part of a nation’s development process and evaluate arguments for and against intervention in the trade process.

  4. Compare and contrast economic and political conditions in countries to critically assess the incentives and consequences of trade liberalisation globally, assessing the impact of protectionist policies on welfare to decrypt the political economy of trade reform.

  5. Present/communicate your findings in a professional manner.


Overview of Learning Activities

A range of learning experiences is planned for this course including pre-recorded content, group problem solving exercises and group discussions. Participation in the structured program is expected. The tutorials give you the opportunity to explore issues related to the economic analysis of international trade in greater depth through active participation in smaller group settings. Students will be expected to read and digest the provided materials with a view to (a) supplementing their understanding of the pre-recorded content and (b) adding to their ability to participate in the tutorial program. Students are expected to draw on their canvas content and tutorial materials to carefully and fully prepare for the assessment tasks. This will require students to develop an understanding of the economic tools used in the debate over free trade versus protection, and to be able to apply that understanding to real world problems.


Overview of Learning Resources

Various learning resources are available online through MyRMIT Studies\Canvas. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.

Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.

Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period. 


Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 20%
Linked CLOs: 1, 2, 3, 4, 5

Assessment Task 2: 30%
Linked CLOs: 1, 2,3, 4, 5

Assessment Task 3: 50%
Linked CLOs: 2, 4, 5

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.