Global Business Economics (BUSA90072)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Availability(Quotas apply)
October
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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 (such as those for financial assets, goods and services, labour, 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 set of frameworks and a method of reasoning.

Having completed the course, a student should be able to read The Australian Financial Review or The Economistintelligently, 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.

Intended learning outcomes

On completion of this subject, students should be able to:



  • Obtain useful economic data and explain 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;
  • Evaluate the role and motivations of central banks in conducting monetary policy;
  • Evaluate the role and motivations of governments in conducting fiscal policy;
  • Read a country’s balance of payments accounts and explain the factors governing exchange rate movements and the associated movements in the current and capital accounts.

Last updated: 4 March 2025

Eligibility and requirements

Prerequisites

One of

Code Name Teaching period Credit Points
BUSA90480 Leadership
Summer Term (On Campus - Parkville)
March (On Campus - Parkville)
March (On Campus - Parkville)
September (On Campus - Parkville)
June (On Campus - Parkville)
 6.25
BUSA90481 Managerial Ethics & Business Environment
September (On Campus - Parkville)
March (On Campus - Parkville)
April (On Campus - Parkville)
Summer Term (On Campus - Parkville)
June (On Campus - Parkville)
 6.25

OR

One of:

BUSA90351 BUSA90350 BUSA90352 BUSA90354 BUSA90353

OR

THis subject is only available to students enrolled in the MBA course at Melbourne Business School.

Corequisites

None

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: 4 March 2025

Assessment

DescriptionTimingPercentage

Contribution to class learning

  • 800 words (equivalent)
Throughout the teaching period20%

Syndicate assignment

  • 2000 words (each)
Second half of the teaching period30%

Final examination

  • 2 hours
Hurdle requirement: students need to pass the final examination to pass the subject		End of the teaching period50%

Last updated: 4 March 2025

Quotas apply to this subject

Dates & times

  • October
    Mode of deliveryOn Campus (Parkville)
    Contact hours3 hours of teaching sessions x 10 sessions
    Total time commitment170 hours
    Pre teaching start date23 September 2025
    Pre teaching requirementsstudents are expected to complete approximately 30 hours of readings during the pre-teaching period
    Teaching period23 October 2025 to 23 November 2025
    Last self-enrol date29 September 2025
    Census date24 October 2025
    Last date to withdraw without fail31 October 2025
    Assessment period ends23 November 2025

What do these dates mean

Visit this webpage to find out about these key dates, including how they impact on:

  • Your tuition fees, academic transcript and statements.
  • And for Commonwealth Supported students, your:
       -  Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
     

    Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.

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

Last updated: 4 March 2025

Further information

  • Texts

    Prescribed texts

    There are no specifically prescribed or recommended texts for this subject.

  • Subject notes

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

  • Related Handbook entries

    This subject contributes to the following:

    TypeName
    CourseMaster of Business Administration
  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 4 March 2025