ECON 7224 - Economic Principles for International Business

North Terrace Campus - Semester 2 - 2014

This course provides a framework for the consideration of business options and strategies in globalised markets. The focus is on firms, markets and governments. The course presents the core concepts in the theory of the behaviour and choices of firms, and discusses the impact of globalisation on options available. It identifies the ways in which world and domestic markets for goods and services as well as labour and capital interact and determine the economy-wide context of business decision making. A framework for the consideration of the role of government is presented and some features of the relationships between business and government are discussed.

  • General Course Information
    Course Details
    Course Code ECON 7224
    Course Economic Principles for International Business
    Coordinating Unit School of Economics
    Term Semester 2
    Level Postgraduate Coursework
    Location/s North Terrace Campus
    Units 3
    Contact Up to 4 hours per week
    Incompatible ECON 7200, ECON 7222. Introductory macroeconomics and microeconomics. Not available to PGCW Economics programs
    Course Description This course provides a framework for the consideration of business options and strategies in globalised markets. The focus is on firms, markets and governments. The course presents the core concepts in the theory of the behaviour and choices of firms, and discusses the impact of globalisation on options available. It identifies the ways in which world and domestic markets for goods and services as well as labour and capital interact and determine the economy-wide context of business decision making. A framework for the consideration of the role of government is presented and some features of the relationships between business and government are discussed.
    Course Staff

    Course Coordinator: Dr Raul Barreto

    Semester 1 & 2
    Dr Raul Barreto
    Office location: Nexus 10, Level 4, Room 4.26
    Telephone: 8313 3240
    Course Timetable

    The full timetable of all activities for this course can be accessed from Course Planner.

  • Learning Outcomes
    Course Learning Outcomes
    On the successful completion of the course students will be able to:
    1 Explain how scarce resources are allocated in a market system
    2 Recognise various forms of market failure and explain how governments might need to intervene
    3 Recognise the constraints on government intervention and explain why government policy might fail
    4 Relate basic economic theory and principles to current economic issues and evaluate related public policy
    5 Use economic models to analyse a situation in terms of economics
    6 Interpret charts, graphs, and tables and use the information to make informed judgments
    7 Work and learn independently and with others
    8 Communicate their knowledge and understanding of economic issues using written, verbal and visual expression
    9 Evaluate outcomes based on the costs and benefits involved
    10 Understand the broader social consequences of economic decisions making
    University Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    University Graduate Attribute Course Learning Outcome(s)
    Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1-4
    The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 6
    An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 5, 9
    Skills of a high order in interpersonal understanding, teamwork and communication. 7-8
    A proficiency in the appropriate use of contemporary technologies. 8
    A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 5-10
    A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 9
    An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 10
  • Learning Resources
    Required Resources
    Garnett, A.M., Lewis, P., Hubbard, R.G. and O’Brien, A.P. (2010) Essentials of Economics, Pearson, Sydney.
    Recommended Resources
    McTaggart, D., Findlay, C. and Parkin, M. (2010), Economics 6th edition, Pearson, Sydney.

    McGraw-Hill, Sydney. Sloman, J. and Norris, K. (2008) Principles of Economics, 2nd edition, Pearson, Sydney
    Online Learning
    The course makes extensive use of MyUni for the posting of lecture notes, lecture recordings, tutorial exercises, assignments, and important announcements. It is expected that all students will regularly check the MyUni course website, and regularly check their university email accounts.
  • Learning & Teaching Activities
    Learning & Teaching Modes

    No information currently available.

    Workload

    No information currently available.

    Learning Activities Summary

    No information currently available.

  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary

    No information currently available.

    Assessment Detail

    No information currently available.

    Submission

    No information currently available.

    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through Access Adelaide.

  • Student Feedback

    The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.

    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

  • Student Support
  • Policies & Guidelines
  • Fraud Awareness

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.