Course Coordinator:Sajid Anwar (sanwar@usc.edu.au) School:School of Business and Creative Industries
UniSC Sunshine Coast |
Blended learning | Most of your course is on campus but you may be able to do some components of this course online. |
Online |
Online | You can do this course without coming onto campus, unless your program has specified a mandatory onsite requirement. |
Please go to unisc.edu.au for up to date information on the
teaching sessions and campuses where this course is usually offered.
In this course, you will explore how global economic forces shape trade, finance, labour mobility, and macroeconomic stability. You will examine the key drivers of international trade, the economic rationale and costs of tariffs and other restrictions, and why some nations resist liberalization. You will also study foreign investment, migration, exchange rate regimes, and internal and external imbalances such as inflation, recession, and balance of payments, along with policy strategies to address them. The course highlights the connections of these issues to the UN Sustainable Development Goals on sustainable growth and international partnerships.
| Activity | Hours | Beginning Week | Frequency |
| Blended learning | |||
| Learning materials – Interactive online learning activities. | 2hrs | Week 1 | 6 times |
| Tutorial/Workshop 1 – Scheduled face to face workshops. | 3hrs | Week 1 | 6 times |
| Online | |||
| Learning materials – Interactive online learning activities. | 2hrs | Week 1 | 6 times |
| Tutorial/Workshop 1 – Scheduled online workshops (Recorded). | 3hrs | Week 1 | 6 times |
Introduction to global economy
Why countries trade with each other (early and more recent theories)?
Why and how is international trade restricted?
International economic integration, economic growth and international trade
Why does foreign investment and international labour mobility take place?
Balance of payments and international trade
Nature of foreign exchange market
Determination of currency exchange rates and international monetary system
Fixed versus flexible exchange rates
Exchange rates adjustment policies and international policy coordination
700 Level (Specialised)
12 units
| Course Learning Outcomes On successful completion of this course, you should be able to... | Graduate Qualities Mapping Completing these tasks successfully will contribute to you becoming... | Professional Standard Mapping * Competencies from multiple Professional Bodies (see below) * | |
| 1 | Compare and evaluate alternative theories of international trade. | Creative and critical thinker |
PC1.1, PC3, 8, 17.2.1 |
| 2 | Determine the benefits and costs of foreign direct investment and labour mobility in a chosen context. | Empowered |
PC1.1, PC3, 8.1.4, 8.2.3 |
| 3 | Compare fixed and flexible exchange rates systems in the context of an integrated world economy. | Knowledgeable |
PC1.1, PC3, PC6, 8.1.3, 17.3.4 |
| CODE | COMPETENCY |
| Association to Advance Collegiate Schools of Business | |
| PC1.1 | Written Communication |
| PC3 | Creative and Critical Thinking |
| PC6 | Career-adaptive |
| Education for Sustainable Development Goals | |
| 8 | Decent Work and Economic Growth: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all |
| 8.1.4 | The learner understands how low and decreasing wages for the labour force and very high wages and profits of managers and owners or shareholders are leading to inequalities, poverty, civil unrest, etc. |
| 8.2.3 | The learner is able to understand how one’s own consumption affects working conditions of others in the global economy. |
| 8.1.3 | The learner understands the relation between employment and economic growth, and knows about other moderating factors like a growing labour force or new technologies that substitute jobs. |
| 17.2.1 | The learner is able to raise awareness about the importance of global partnerships for sustainable development. |
| 17.3.4 | The learner is able to support development cooperation activities. |
Refer to the UniSC Glossary of terms for definitions of “pre-requisites, co-requisites and anti-requisites”.
Enrolled in any PGRD Program
Not applicable
Not applicable
Not applicable
Not applicable
Standard Grading (GRD)
| High Distinction (HD), Distinction (DN), Credit (CR), Pass (PS), Fail (FL). |
Practice questions with answers will be provided in week 3.
| Delivery mode | Task No. | Assessment Product | Individual or Group | Weighting % | What is the duration / length? | When should I submit? | Where should I submit it? |
| All | 1 | Case Study | Individual | 50% | 2000 words (excluding references, charts tables and graphs) |
Week 4 | Online Assignment Submission with plagiarism check |
| All | 2 | Written Piece | Individual | 50% | 3 hours |
Week 7 | Online Assignment Submission with plagiarism check |
| All - Assessment Task 1:Report | |||||||||||||||||||
| Goal: | You will apply theories of international trade and foreign investment to a specified business situation. |
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| Product: | Case Study | ||||||||||||||||||
| Authorship Statement: | |||||||||||||||||||
| Format: | The report will include a title page, executive summary and a table of contents. The report will include the following sections: (i) Introduction, (ii) analysis, and (iii) Conclusion and recommendations. This task is being used for measuring assurance of learning towards Association to Advance Collegiate Schools of Business (AACSB) accreditation. The following Program Competency will be assessed: PC1.3: Demonstrate digital literacy skills for advanced communication and information sharing in a business context. |
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| Criteria: |
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| Generic Skills: | Communication, Problem solving |
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| All - Assessment Task 2:Written Piece | |||||||||||||
| Goal: | The written piece, which covers all topics, involves responding to five questions. The written piece will allow you to demonstrate advanced knowledge of International trade and finance theory and practice. |
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| Product: | Written Piece | ||||||||||||
| Authorship Statement: | |||||||||||||
| Format: | The written piece involves responding to compulsory short answer discussion type questions. |
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| Criteria: |
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| Generic Skills: | Communication, Problem solving |
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A 12-unit course will have total of 150 learning hours which will include directed study hours (including online if required), self-directed learning and completion of assessable tasks. Student workload is calculated at 12.5 learning hours per one unit.
Please note: Course information, including specific information of recommended readings, learning activities, resources, weekly readings, etc. are available on the course Canvas site– Please log in as soon as possible.
You need regular access to the resource(s) below. Many texts are available as ebooks through the Library at no additional cost.
| Required? | Author | Year | Title | Edition | Publisher |
| Recommended | Dominick Salvatore | 2011 | Introduction to International Economics | 3rd edition | Wiley |
| Recommended | Dominick Salvatore | 2020 | International Economics | 13th edition | Wiley |
Not applicable
Academic integrity is the ethical standard of university participation. It ensures that students graduate as a result of proving they are competent in their discipline. This is integral in maintaining the value of academic qualifications. Each industry has expectations and standards of the skills and knowledge within that discipline and these are reflected in assessment.
Academic integrity means that you do not engage in any activity that is considered to be academic fraud; including plagiarism, collusion or outsourcing any part of any assessment item to any other person. You are expected to be honest and ethical by completing all work yourself and indicating in your work which ideas and information were developed by you and which were taken from others. You cannot provide your assessment work to others. You are also expected to provide evidence of wide and critical reading, usually by using appropriate academic references.
In order to minimise incidents of academic fraud, this course may require that some of its assessment tasks, when submitted to Canvas, are electronically checked through Turnitin. This software allows for text comparisons to be made between your submitted assessment item and all other work to which Turnitin has access.
Eligibility for Supplementary Assessment
Your eligibility for supplementary assessment in a course is dependent of the following conditions applying:
(a) The final mark is in the percentage range 47% to 49.4%; and
(b) The course is graded using the Standard Grading scale
Late submissions may be penalised up to and including the following maximum percentage of the assessment task’s identified value, with weekdays and weekends included in the calculation of days late:
(a) One day: deduct 5%;
(b) Two days: deduct 10%;
(c) Three days: deduct 20%;
(d) Four days: deduct 40%;
(e) Five days: deduct 60%;
(f) Six days: deduct 80%;
(g) Seven days: A result of zero is awarded for the assessment task.
The following penalties will apply for a late submission for an online examination:
Less than 15 minutes: No penalty
From 15 minutes to 30 minutes: 20% penalty
More than 30 minutes: 100% penalty
For more information on Academic Learning & Teaching categories including:
For more information, visit https://www.usc.edu.au/explore/policies-and-procedures#academic-learning-and-teaching
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