Global Business Economics (BUSA90074)
Graduate courseworkPoints: 12.5On Campus (Parkville)
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
About this subject
Contact information
June
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
| Availability(Quotas apply) | January April June |
|---|---|
| Fees | Look up fees |
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.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| BUSA90480 | Leadership |
September (On Campus - Parkville)
March (On Campus - Parkville)
Summer Term (On Campus - Parkville)
June (On Campus - Parkville)
September (On Campus - Parkville)
March (On Campus - Parkville)
|
6.25 |
| BUSA90481 | Social Responsibility and Ethics |
September (On Campus - Parkville)
Summer Term (On Campus - Parkville)
June (On Campus - Parkville)
June (On Campus - Parkville)
September (On Campus - Parkville)
March (On Campus - Parkville)
|
6.25 |
| BUSA90060 | Data Analysis |
September (On Campus - Parkville)
January (On Campus - Parkville)
June (On Campus - Parkville)
April (On Campus - Parkville)
September (On Campus - Parkville)
|
12.5 |
Corequisites
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| BUSA90193 | Managerial Economics |
January (On Campus - Parkville)
June (On Campus - Parkville)
September (On Campus - Parkville)
April (On Campus - Parkville)
|
12.5 |
Non-allowed subjects
None
Inherent requirements (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
Last updated: 3 November 2022
Assessment
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
April
| Description | Timing | Percentage |
|---|---|---|
4 x quizzes
| Throughout the teaching period | 10% |
Syndicate report and presentation; 2,000 word report and 15 minute presentation. Report due week 8; presentation either week 7, 8 or 9 | From Week 7 to Week 9 | 40% |
Final examination; 2 hours and 15 minutes
| End of the teaching period | 50% |
January
| Description | Timing | Percentage |
|---|---|---|
8 short tests | Throughout the teaching period | 20% |
Syndicate report and presentation; 2,000 word report and 10 minute presentation | 20% | |
Final examination Hurdle requirement | End of the teaching period | 60% |
June
| Description | Timing | Percentage |
|---|---|---|
Class contribution
| Throughout the teaching period | 10% |
Case preparation and discussion
| Throughout the teaching period | 10% |
Syndicate report and presentation; Equivalent to 2,000 words per individual
| During second module | 40% |
Individual assignment
| After completion of first module | 40% |
Additional details
Mark Crosby and Nilss Olekalns: (January)
- 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: (April)
- 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: (June)
- 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
Last updated: 3 November 2022
Quotas apply to this subject
Dates & times
- January
Mode of delivery On Campus (Parkville) Contact hours Total time commitment 170 hours Pre teaching start date 6 January 2020 Pre teaching requirements students are required to complete approximately 15 hours of reading to prepare for the subject during pre-teaching period Teaching period 13 January 2020 to 19 March 2020 Last self-enrol date 1 December 2019 Census date 24 January 2020 Last date to withdraw without fail 28 February 2020 Assessment period ends 27 March 2020 - April
Mode of delivery On Campus (Parkville) Contact hours Total time commitment 170 hours Pre teaching start date 30 March 2020 Pre teaching requirements students are required to complete approximately 15 hours of reading to prepare for the subject during pre-teaching period Teaching period 6 April 2020 to 11 June 2020 Last self-enrol date 2 February 2020 Census date 24 April 2020 Last date to withdraw without fail 22 May 2020 Assessment period ends 19 June 2020 - June
Mode of delivery On Campus (Parkville) Contact hours 30 hours Total time commitment 170 hours Pre teaching start date 22 June 2020 Pre teaching requirements students are required to complete approximately 15 hours of reading to prepare for the subject during pre-teaching period Teaching period 29 June 2020 to 3 September 2020 Last self-enrol date 26 April 2020 Census date 17 July 2020 Last date to withdraw without fail 14 August 2020 Assessment period ends 10 September 2020 June contact information
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
Last updated: 3 November 2022
Further information
- Texts
- Subject notes
- Related Handbook entries
This subject contributes to the following:
- Available to Study Abroad and/or Study Exchange Students
Last updated: 3 November 2022