Course Title: Political Economy of International Business

Part A: Course Overview

Course Title: Political Economy of International Business

Credit Points: 12.00

Important Information:



Course Code




Learning Mode

Teaching Period(s)


City Campus


630H Management


Sem 2 2018


Singapore Inst of Management


630H Management


Offsh1 19


RMIT University Vietnam


630H Management


Viet3 2018

Course Coordinator: Associate Professor Michael Rafferty

Course Coordinator Phone: +61 3 9925 5833

Course Coordinator Email:

Course Coordinator Location: 80.07

Course Coordinator Availability: via email

Pre-requisite Courses and Assumed Knowledge and Capabilities

This course is a cap-stone course in the Bachelor of International Business program. What this means is that we draw together all the previous knowledge that you have accumulated over your degree and we apply that knowledge in appropriate, creative and critical ways. 

It also means that it is your responsibility to make those connections between the theory we teach in this course and your previous learning. We won’t tell you when to draw upon your previous knowledge and experience; it is up to you to make those connections for yourself. You are now expected to be truly independent learners, in charge of your own scholarly path.  

That’s why this course is inappropriate for students who have less that 2 year’s worth of experience studying at a HE level. If you have less than 192 credit points worth of HE study experience we strongly encourage you to delay enrolment in this course and to take it in your third year when you have more appropriate experience and a chance to accumulate the kind of knowledge required to enable you to do well (the only exceptions to this are for students enrolled in BP027 B Bus (International Bus) (App) and engineering double degree students). 


Students are strongly advised to delay enrolling in this course until they have completed and passed BUSM4687 Managing International Business Responsibly. Students are strongly advised to delay enrolling in this course until they have completed and passed BUSM 4687 Managing International Business Responsibly


Course Description

The purpose of the course is to consolidate and deepen student understandings of international business and the political, economic and cultural environment in which business operates. 

It does this by bringing together and developing the analytical tools and empirical knowledge required for understanding the world of international business. The course also applies your conceptual and technical knowledge to the changing scale, scope and organisational modes of international business firms, and their extended supply chains and financial networks, including the role of global business as actors in the international political economy. The course applies that understanding to real world cases and problems, by providing you with a theoretically informed but empirically grounded account of the historical context and contemporary trends in trade, finance, production and economic organisation, as well as the key international institutions and actors involved in those activities. 


Activities and assignments are designed to facilitate theory application and peer learning in a friendly, open atmosphere. 

This course includes a Work Integrated Learning experience in which your knowledge and skills will be applied and assessed in a real or simulated workplace context and where feedback from industry and/or community is integral to your experience. 

Objectives/Learning Outcomes/Capability Development


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

CLO1: Articulate and apply the core concepts and theories in the political economy of international business.

CLO2: Integrate the key historical developments in international political economy so as to contextualise and respond to current issues and problems in international business.


CLO3: Critically analyse and synthesise your conceptual knowledge of how international business and organisations impact on politics, culture and economics.


CLO4: Formulate and respond to research questions and problems about real world issues of international political economy and the role of business therein. 

CLO5: Reflect on your practices of knowledge and skills acquisition and performance in order develop your research, communication, organisational and problem solving skills

CLO6: Communicate business data and concepts of international business in different contexts

Overview of Learning Activities

You will be encouraged to act as an active learner and engage in a variety of learning activities including, but not limited to: reading; watching multi-media materials; discussing/debating ideas; analysing case studies; conducting research; problem solving; working in a team; giving presentations; and reflecting on your own learning.


This course is offered at multiple locations employing different learning modes. This means that the nature of the learning activities may vary depending on where you are enrolled. You may participate in face to face lectures, workshops, seminars, online discussions and collaborative activities. 


To develop and test your professional problem solving capability you will be undertaking projects negotiated with industry or community organisations and benefit from representatives’ briefing and feedback on your work.

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.

Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT Library website.

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

Overview of Assessment

The table below aligns the assessment tasks against the learning outcomes.

Assessment Overview

Assessment Task                                  

Weighting (%)                                                     

 Linked     CLOs                             

 Assessment Task 1


 CLO 1,2,3,6

 Assessment Task 2


 CLO 1,2,3,4

 Assessment Task 3


 CLO 1,2,3,4,5,6