BUSN20028 - Global Economics

General Information

Unit Synopsis

In this unit, you will be challenged to understand how business environments are increasingly driven by global economic imperatives. Volatile macroeconomic occurrences can have a significant impact on organisational performance. You will be provided with an understanding of how contemporary macroeconomics explains shifts in the international economy, affecting stock markets, and financial markets. Meeting these dynamic challenges involves developing a coherent framework for creating a competitive advantage. Achieving this involves identifying emerging business opportunities, and deciding how to manage the organisational risk inherent in a new world economic order. Key principles of macroeconomics are considered in the context of how an open economy functions, and the interplay between key stakeholders. From there, transmission mechanisms are identified to explain how global economic events impact on regions and nation-states. A macroeconomic perspective is provided to illustrate the impact of government policy on key economic areas of activity; such as productivity, national output, unemployment, inflation and household debt. Unpredictable economic circumstances make it crucial for managers to make informed decisions about the causes of, and responses, to financial and currency crises, erratic stock market shifts, and social and labour unrest. Different perspectives and major options are critically evaluated on the role of government in economies.

Details

Level Postgraduate
Unit Level 9
Credit Points 6
Student Contribution Band 10
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites There are no pre-requisites for the unit.

Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).

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Residential School No Residential School

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Assessment Overview

Recommended Student Time Commitment

Each 6-credit Postgraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Assessment Tasks

Assessment Task Weighting
1. Case Study 50%
2. Online Quiz(zes) 25%
3. Online Test 25%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).

Consult the University’s Grades and Results Policy for more details of interim results and final grades

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Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Explore economic policies to address macroeconomic issues, such as national output, unemployment, inflation, exchange rates and balance of payments
  2. Examine core microeconomic activities between firms and consumers, and the growth of productive resources, such as production, distribution, and consumption
  3. Analyse how governments and national banks implement fiscal and monetary policies to manage global business cycle fluctuations that affect economies
  4. Compare and contrast fiscal and monetary policy to manage fluctuations in the global economic cycle

N/A

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4
1 - Case Study •
2 - Online Quiz(zes) • •
3 - Online Test •
Alignment of Graduate Attributes to Learning Outcomes
• Professional Level
• Advanced Level
Graduate Attributes Learning Outcomes
1 2 3 4
1 - Knowledge • •
2 - Communication •
3 - Cognitive, technical and creative skills •
4 - Research •
6 - Ethical and Professional Responsibility •
Alignment of Assessment Tasks to Graduate Attributes
• Professional Level
• Advanced Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8