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Global Business Economics (BUSA90074)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Year of offer2019
Subject levelGraduate coursework
Subject codeBUSA90074
Campus
Parkville
Availability(Quotas apply)
April
July
September
FeesSubject EFTSL, Level, Discipline & Census Date

Global Business Economics examines the broad environment in which firms operate and explains factors that affect the output growth, inflation, unemployment, interest rates, and exchange rates of a country in a globalized world. These economy-wide variables are beyond a firm’s control but critically influence the decision-making of any firm. The course presents a macroeconomic framework to illustrate the dynamic inter-connections among markets (e.g. those for financial assets, goods and services, labor, and money) and government policies. With the aid of country case studies and current policy research, the course aims to demonstrate that economics is not primarily a set of answers but a method of reasoning.

Having completed the course, a student should be able to read The Australian Financial Review or The Economist intelligently, and make informed judgements on questions of economic policy. The course seeks to demystify economics and to enable students to form their own opinions on economic issues. A related aim is to prepare future general managers to deal with professional economists, both those on their own staff and those in government. A student who completes this course should never again be intimidated by economists or economics.

The course will be aimed at students with little or no background in economics, though students who have completed some undergraduate courses in macroeconomics will benefit from the more practical nature of this course.

Intended learning outcomes

On completion of this subject students should:

  • understand basic economic terminology and concepts;
  • describe the forces governing economic growth and fluctuations in GDP;
  • use economic models to explain business cycle fluctuations, unemployment, and inflation;
  • understand the determinants of unemployment and inflation;
  • explain the role and motivations of central banks in conducting monetary policy;
  • understand the factors governing exchange rate movements and associated movements in current and capital accounts of the balance of payments.

Eligibility and requirements

Prerequisites

Code Name Teaching period Credit Points
BUSA90480 Leadership
Summer Term
March
March
June
September
6.25
BUSA90481 Social Responsibility and Ethics
Summer Term
April
April
June
September
6.25
BUSA90060 Data Analysis
January
January
April
July
September
12.5

Corequisites

Code Name Teaching period Credit Points
BUSA90193 Managerial Economics
January
April
July
September
12.5

Non-allowed subjects

None

Core participation requirements

The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.

Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home

Assessment

Description

Mark Crosby and Nilss Olekalns:

  • 8 short tests (20%)
    • Throughout subject
  • Syndicate report and presentation (20%)
    • 2,000 word report and 10 minute presentation
  • Final examination (60%)
    • Hurdle requirement
    • End of subject

Andrew John:

  • 4 x quizzes (10%)
    • 15 minutes each
    • Throughout subject
  • Syndicate report and presentation (40%)
    • 2,000 word report and 15 minute presentation
    • Report due week 8; presentation either week 7, 8 or 9
  • Final examination (50%)
    • Hurdle requirement
    • 2 hours and 15 minutes
    • End of subject

EMBA:

  • Class contribution (10%)
    • Equivalent to 500 words
    • Throughout subject
  • Case preparation and discussion (10%)
    • Equivalent to 500 words
    • Throughout subject
  • Syndicate report and presentation (40%)
    • Equivalent to 2,000 words per individual
    • During second module
  • Individual assignment (40%)
    • Hurdle requirement
    • 2,000 words
    • After completion of first module

Quotas apply to this subject

Dates & times

  • April
    Mode of deliveryOn Campus — Parkville
    Contact hours30 hours
    Pre teaching start date 1 April 2019
    Pre teaching requirementsstudents are required to complete approximately 15 hours of reading to prepare for the subject during pre-teaching period
    Teaching period 8 April 2019 to 13 June 2019
    Last self-enrol date 3 February 2019
    Census date23 April 2019
    Last date to withdraw without fail24 May 2019
    Assessment period ends20 June 2019

    April contact information

    Melbourne Business School

    Degree Program Services

    Email: programservices@mbs.edu

  • July
    Mode of deliveryOn Campus — Parkville
    Contact hours30 hours
    Pre teaching start date24 June 2019
    Pre teaching requirementsstudents are required to complete approximately 15 hours of reading to prepare for the subject during pre-teaching period
    Teaching period 1 July 2019 to 5 September 2019
    Last self-enrol date28 April 2019
    Census date12 July 2019
    Last date to withdraw without fail16 August 2019
    Assessment period ends12 September 2019

    July contact information

    Melbourne Business School

    Degree Program Services

    Email: programservices@mbs.edu

  • September
    Mode of deliveryOn Campus — Parkville
    Contact hours30 hours
    Pre teaching start date16 September 2019
    Pre teaching requirementsstudents are required to complete approximately 15 hours of reading to prepare for the subject during pre-teaching period
    Teaching period23 September 2019 to 28 November 2019
    Last self-enrol date21 July 2019
    Census date 4 October 2019
    Last date to withdraw without fail 8 November 2019
    Assessment period ends 5 December 2019

    September contact information

    Melbourne Business School

    Degree Program Services

    Email: programservices@mbs.edu

Additional delivery details

This subject is only available to students admitted to GD-BA, MC-BAPT, MC-BAPTME, or students with permission of the MBA Course coordinator

This subject has a quota of 80 students. Students will be selected on a first come, first serve basis. However if any student is approaching their completion date, they will get priority in enrolment.

This subject is equivalent to BUSA90072 in MC-BAPTME

Further information

Last updated: 3 April 2019