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Unit (2019)

Information on this page, including unit offerings, is from the 2019 academic year.

Economics for Global Business (BUS205)

Organisational Unit Business
Credit Points 3
Availability MURDOCH: S2-internal, S2-external
Teaching Timetables Murdoch S2
Description Economics is an important lens that enables you to recognise, evaluate and make effective decisions relating to the economic factors and policies impacting you as an individual and in your organisation.

Provides the foundation of how economies operate, and an economic basis to explore how political, cultural, ethical and social factors influence policy and decision making. You will develop skills in analysis and evaluation applying economic concepts, models and tools to examine contemporary issues impacting your discipline.
Unit Learning Outcomes On successful completion of the unit you should be able to:
1. Identify and explain Australia's main global economic interactions with other countries.
2. Analyse how political, cultural, ethical and social factors influence business and government decision-making and policies and reflect on their impact across different sectors.
3. Communicate relevant economic terminology, economic knowledge and policy analysis coherently and tailored to a diverse stakeholders.
4. Research and evaluate real-world economic issues and policies, developing evidence-based conclusions.
5. Apply economic concepts, models and tools to the analysis of current business decision-making and government policy issues.
Timetabled Learning Activities Workshops: 2 hours per teaching week for South Street campus
Unit Learning Experiences The unit is delivered using blended learning design features with core unit materials provided in a digital format followed up by small class knowledge application and skills development. This is enhanced by self-directed learning to further develop skills and application of knowledge to practical and current issues.
Assessment Workshop Participation: 10% (internal students)
Case Study: 20% (internal students); 30% (external students)
Research Essay: 30% (all students)
Final Examination: 40% (all students)
Prerequisites Nil
Appears in these Courses/Majors:
see individual structures for context
Geography and Economics (HASS) Major Teaching Area (BEd(Sec)) [New in 2019]
Internet Access RequirementsMurdoch units normally include an online component comprising materials, discussions, lecture recordings and assessment activities. All students, regardless of their location or mode of study, need to have access to and be able to use computing devices with browsing capability and a connection to the Internet via Broadband (Cable, ADSL or Mobile) or Wireless. The Internet connection should be readily available and allow large amounts of data to be streamed or downloaded (approximately 100MB per lecture recording). Students also need to be able to enter into online discussions and submit assignments online.


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