BUSN20028 - Global Economics

General Information

Unit Synopsis

In this unit, you will explore how business environments are increasingly influenced by global economic forces. Volatile macroeconomic events can significantly impact organisational performance. You will gain an understanding of how contemporary macroeconomics explains shifts in the international economy, affecting stock and financial markets. Addressing these dynamic challenges requires developing a coherent framework to create a competitive advantage. This involves identifying emerging business opportunities and managing the risks inherent in a rapidly changing global economic order. You will examine key macroeconomics principles in the context of how open economies function and the interactions between key stakeholders. Transmission mechanisms are identified to explain how global economic events affect regions and nation-states. A macroeconomic perspective is provided to demonstrate the impact of government policies on crucial economic areas, including productivity, national output, unemployment, inflation, and household debt. Given the unpredictability of economic conditions, it is essential for leaders to make informed decisions about the causes and responses to financial crises, currency fluctuations, stock market volatility, and social or labour unrest. You will critically evaluate different perspectives and options regarding the role of government in managing 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. Presentation 25%
2. Critical Review 25%
3. Reflective Practice Assignment 50%

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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Unit learning Outcomes

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

  1. Explore economic policies to address macroeconomic concepts, such as national output, unemployment, inflation, exchange rates and balance of payments
  2. Examine core microeconomic concepts and 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. Critically 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 - Presentation • • • •
2 - Critical Review • • •
3 - Reflective Practice Assignment • • • •
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 •
5 - Self-management •
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