Course Title: Manage economic trends in the global market
Part B: Course Detail
Teaching Period: Term1 2014
Course Code: MKTG6982
Course Title: Manage economic trends in the global market
School: 650T TAFE Business
Campus: City Campus
Program: C6101 - Advanced Diploma of International Business
Course Contact : Tim Wallis
Course Contact Phone: +61 3 9925 5423
Course Contact Email:timothy.wallis@rmit.edu.au
Name and Contact Details of All Other Relevant Staff
John Fowler
Nominal Hours: 60
Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.
Pre-requisites and Co-requisites
None
Course Description
This course applies to individuals with managerial responsibility for analysing and interpreting international economic trends, market and political changes. The purpose and the intention of reporting on these trends are to assist business to plan and make sound local and international transactions
National Codes, Titles, Elements and Performance Criteria
National Element Code & Title: |
VU20069 Manage economic trends in the global market |
Element: |
Analyse economic trends in global markets |
Performance Criteria: |
1.1 Research and explore sources of data on global markets |
Element: |
Report on all the data. |
Performance Criteria: |
2.1 Analyse economic trends within Australia and international environments |
Element: |
Research local and international Markets |
Performance Criteria: |
3.1 Prepare and interpret data for written or visual presentation |
Learning Outcomes
This course describes the performance, skills and knowledge required to manage economic trends by analysing data from global markets.
Details of Learning Activities
A range of learning activities are planned for this course including self-paced and collaborative class room based activities.
The self-based activities will be delivered through various technology platforms and will include quizzes, scenario case studies and interactive sessions.
The collaborative classroom based activities will include group discussion, group problem solving activities and opportunities to practice skills in a simulated workplace environment.
Teaching Schedule
| Week | Date | Topic |
| 1 | 10 Feb | Induction and pre-training review - Importance of Exporting and Economic Trends analysis |
| 2 | 17 Feb | Export Plan 2 - Export capability assessment |
| 3 | 24 Feb | Economics advantages and Primary Industry theories |
| 4 | 3 Mar | Export Plan 3 - Export Market research and selection and trade trends The Arab World, Africa and China |
| 5 | 10 Mar | Agribusiness and sustainability |
| 6 | 17 Mar | Export Plan 5 - Market entry strategies, population and urbanisation issues |
| 7 | 24 Mar | Trade opportunities to include Vietnam and South America |
| 8 | 31 Mar | Export Plan 6 - Marrketing Strategies |
| 9 | 7 Apr | Asian culture to include negotiation styles; Manufacturing issues |
| 10 | 14 Apr | Export Plan 7 - Documentation issues |
| 11 | 28 Apr | Economic transport theories |
| 12 | 5 May | Export Plan 7 - Execuitive summary preparation |
| 13 | 12 May | Class seminar on Export Plan processes |
| 14 | 19 May | Class sessions on a selection of international trade case studies |
| 15 | 26 May | Group presentation of Major Project |
| 16 | 2 June | Individual student interviews |
Week 1 will consist of an induction to the course which will include completion of a pre training review and familiarisation with:
- Your teacher(s) and other students.
- Services and facilities
- Student responsibilities
- Where to get support
- Course requirements, key learning outcomes, assessment, feedback and grading.
- Submission requirements and the resubmission policy
- Plagiarism
- Appeals
- Extensions and Special Consideration
- Privacy
This unit is codelivered and coassessed with MKTG6980 Manage and Research Import Export Venture
Learning Resources
Prescribed Texts
References
Other Resources
Overview of Assessment
Students must demonstrate an understanding of all elements of a particular competency to be deemed competent. Assessment methods have been designed to measure achievement of each competency in a flexible manner over a range of assessment tasks.
Assessment will incorporate a variety of methods including assignments, journals, presentation and written or test. Students are advised that they are likely to be asked to personally demonstrate their assessment work to their teacher to ensure that the relevant competency standards are being met.
Assessment Tasks
This course has two assessments. You must fully and successfully complete all assessments to be deemed competent in this unit.
This unit is codelivered and coassessed with MKTG6980 Manage and Research Import Export Venture
Assessment Task 1 – Research Paper
Date handed out: Week 4
Date and time due: Week 9
Group or Individual: Individual
Purpose:
This assignment is designed to test your research skills and to understand the complex political and financial implications and ‘Foreign Direct Investment’ allied to current economic trends
Requirements:
You are to investigate and prepare a report on the underlying reasons for the increase in trading activity between China and the Africa. The report should be no longer than 1500 words and should be fully referenced.
Assessment Task 2 –Export Plan and Presentation
Date handed out: Week 1
Date and time due: Week 15
Group or Individual: Groups of not more than 4 persons
Purpose:
This assignment will allow you to demonstrate an understanding of and application from previous courses of study to highlight a local businesses’ export potential, opportunities and barriers so as to apply their theoretical knowledge to:
• analyse the firm’s business fundamentals
• suitable global markets
• market entry strategies
• marketing techniques, and
• administration issues
Requirements:
You are to create a detailed export plan for a business. It is recommended that you select an Australian Expot Award winner from www.exportawards.gov.au. There is no upper word limit for this assignment – however as a previous reports have averaged about 20 pages.
When complete, all members of the group will be required to prepare and deliver presentation of the Export Plan. Questions will be asked by the teacher /teachers on the content of the presentation with results included in the final grading
Assessment Task 3 – Portfolio of Evidence & Interview
Date handed out: Week 2
Date and time due: Week 15 (Portfolio of Evidence) Week 16 (Interview)
Group or Individual: Individual
Purpose:
This assessment will allow you to apply and demonstrate your capability to manage and research global economic trends for export in a simulated work environment.
Requirements:
A series of workshops and case studies will be undertaken in class in weeks 1, 3, 6, 7, 9 and 13. You are to prepare a portfolio evidence for at least four of the six workshops / case studies. Each piece of evidence should be about one half page.
Students will be interviewed in Week 16 to ensure that they have the required skills and knowledge for this unit.
Submission requirements:
Assessment tasks must be submitted online through blackboard.
You must:
• Retain a copy of your assessment tasks.
• Complete, sign and submit a cover sheet with all work you submit for assessment, whether individual or group work. On the cover sheet you declare that the work you are presenting for assessment is your own work. An assignment cover sheet for submission of work for assessment is available on blackboard.
• For group assignments - all group members must complete and sign the cover sheet.
• Each page of your assessment you should include footer with your name(s), student number(s), the title of the assessment, unit code and title and page numbers. For example, Julie Macpherson, 324567, Task 2, OHS2345C Ensure safe workplace, Page 1 of 10.
Resubmissions:
If you are found to be Not Yet Competent in a Course Assessment Task you will be allowed one resubmission only. Your teacher will provide feedback regarding what you need to do to improve and will set a new deadline for the resubmission. The highest grade you will receive if your resubmission is successful is “CAG”.
If you are still not meeting the assessment requirements you must apply to your Program Manager in writing outlining the steps you will take to demonstrate competence in your course. Your submission will be considered by the Program Team and you will be advised of the outcome as soon as possible.
Final Date for All Assessments
Unless the Late Submission Procedures (see above) are applied, No assessment tasks or resubmissions will be accepted after 5pm Friday, Week 16.
Assessment Matrix
Marking Guide (competency):
Vocational Education and Training (VET) is based on current industry needs and the focus on preparing you for the workplace. Because VET courses are informed by practical application of knowledge and skills, they are based on a system known as ‘competency based training’ (CBT). So when you are assessed in VET it is about whether you are competent to do the job, as well as having a firm grasp on the knowledge and skills required to do that job, as opposed to traditional curriculum based education settings that are often based on knowledge retention.
You need to demonstrate you are competent in each element of the unit of competency you are studying.
You will receive feedback on each assessment task that will inform you whether you are competent or not and how well you are performing. Once competent in all elements of the unit you receive a competency grading.
Marking Guide (Grading)
After achieving competency we then grade your performance in the unit; this gives you the opportunity to have the level of your performance formally recognized against industry standards and employability skills.
You will be provided with an assessment matrix in the assessments area of the unit blackboard shell. Generally, your grading will be assessed against how well you demonstrate:
- Perform the activities as required by the learning elements of this unit of competency.
- Demonstrate the required knowledge for this unit of competency.
- Execute the required skills for this unit of competency.
- Demonstrate your employability skills through contribution to learning activities related to this assessment, timeliness, use of technology and teamwork.
Final Grades table:
DNS - Did not submit for assessment
NYC - Not yet competent
CAG - Competency achieved – graded
CC - Competent with credit
CDI - Competent with distinction
CHD - Competent with high distinction
Other Information
Late Submissions
Students are required to submit assessment items and/or ensure performance based assessment is completed by the due dates. If a student is to be prevented from submitting an assessment item on time, by circumstances outside their control, they may apply in advance to the teacher for an extension to the due date of up to seven calendar days. To be eligible for an extension, you must lodge the extension form availabile at the following link with your teacher: http://www.rmit.edu.au/students/assessment/extension
Where an extension of greater than seven days is needed, the student must apply for special consideration. Applications for special consideration must be submitted no later than two working days after the assessment task deadline or scheduled examination. More information on special consideration and how to apply can be found here: http://www.rmit.edu.au/students/specialconsideration
Adjustments to Assessment
In certain circumstances students may be eligible for an assessment adjustment. Information on circumstances under which the assessment arrangements might be granted can be found at the following website: http://www.rmit.edu.au/students/assessment/adjustment
Course Overview: Access Course Overview