Course Title: Global Trade
Part A: Course Overview
Course Title: Global Trade
Credit Points: 12.00
RMIT University Vietnam
830H School of Business and Management
Course Coordinator: Dr Steven Clarke
Course Coordinator Phone: +842836223638
Course Coordinator Email: firstname.lastname@example.org
Course Coordinator Location: RMIT Vietnam
Course Coordinator Availability: Appointment via email
Pre-requisite Courses and Assumed Knowledge and Capabilities
There is a wide array of global economic and environmental issues that influence and are influenced by international trade activities. These include economic, social, geopolitical dynamics, policy, environmental, technological systems, political structures, and legal and regulatory frameworks. Students learn how to balance sustainability and international trade policies and strategies. This course prepares you to enter the complex and stimulating market with specialised, hands-on instruction in global trade, technology, cross-cultural relations, global political economies and regional business environments.
Students will cultivate an understanding of how globalisation and its changing wave impact product markets, business models, companies and management—and why such impact has been mounting in trade/technology disruption and changing over time. This Global Trade course will help students to anticipate and address organisational trade-based challenges.
The questions, therefore, arises – (1) How do we ensure that trade is mutually beneficial to all parties and remains sustainable by balancing economic, social and environmental strategies? (2) What are the digital technology advancements and influences on global trade decision-making processes and strategies?
This course is designed to provide you with knowledge and skills to understand and critique factors facing home and host country corporate business decisions and existing International business practices and to provide:
- An enhanced understanding of the relationship between economics, trade and monetary policy, comparative, absolute, and/or competitive advantage and strategic development as you enter new markets and/or expand existing international strategies.
- A deeper knowledge of the institutions and rules of international trade.
- The capacity to integrate theory and practice in all of these areas develop options for global trade operation futures with a focus on social, economic and ecological sustainability.
Objectives/Learning Outcomes/Capability Development
- Analyse and apply key concepts, based on sustainable political, economic policies, and regulatory influences that affect global trade operations and theories in the context of globalisation.
- Critically analyse the main arguments for protection and conversely be able to justify the relevance and realism of arguments for sustainable free trade.
- Evaluate the relationship between free trade and globalisation and determine who wins and who loses.
- Critically analyse production fragmentation and global supply chain; justify solutions for global trade challenges in connection to applications of digital technology and cross-cultural influences.
- Demonstrate the application of international trade strategies
Overview of Learning Activities
The course will consist of a variety of individual and group learning activities. Relevant topics will be covered as to industry problems and solutions, both online and face-to-face workshops. Course work will include discussions requiring your active participation. Experiential exercises will also be included.
Students are expected to:
- Create several presentations using a variety of media.
- Participate actively in group and course-level discussions.
- Engage in problem solving and group discussions.
- Apply knowledge from course content to solve problems.
- Meet with project teams regularly, either virtually or face-to-face.
Overview of Learning Resources
All required and recommended learning resources will be provided to you through the learning management system (LMS).
You will also have access to the RMIT Library databases and online facilities. If you require assistance with the RMIT library facilities the first person to contact is the Business Liaison Librarian for this school. Contact details for Business Liaison Librarians are located online on the RMIT library website.
Additional industry-based resources may be available to you depending on the nature of your project.
Overview of Assessment
The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:
Assessment Task 1: 30%
Linked CLOs: 1, 3
Assessment Task 2: 40%
Linked CLOs: 1, 2, 4, 5
Assessment Task 3: 30%
Linked CLOs: 1, 2, 3, 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.