Course Coordinator:Raffaella Belloni (rbelloni@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.
The course builds on the core Economics and International Business subjects and aims to introduces students to global theories of trade and finance and practice from an international perspective. The course is an essential course of study for students wishing to embark on a management career in a trading organisation, large or small. An in-depth understanding of International Trade Theory is integral to successful international business strategies. This course examines the emergence of the Global Marketplace, and the implications for trade and finance in an ever more borderless world and incorporates United Nations Sustainable Development Goals (SDG's).
| Activity | Hours | Beginning Week | Frequency |
| Blended learning | |||
| Learning materials – Interactive online learning activities. | 1hr | Week 1 | 11 times |
| Tutorial/Workshop 1 – Scheduled face to face workshops. | 2hrs | Week 1 | 11 times |
| Online | |||
| Learning materials – Interactive online learning activities. | 1hr | Week 1 | 11 times |
| Tutorial/Workshop 1 – Scheduled online workshops (Recorded). | 2hrs | Week 1 | 11 times |
The international economy and globalisation
Foundations of modern trade theory: comparative advantage
Tariffs and non-tariff trade barriers
Trade regulations and industrial/trade policies
Regional trading arrangements
International factor movements and MNEs
Sustainable Trade
The Balance of Payments
Foreign Exchange and Exchange Rate Determination
Balance of payments and Exchange rate adjustments
Exchange rate systems ¤ncy crisis
Macroeconomic Policy in an Open Economy
200 Level (Developing)
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 | Demonstrate understanding and application of international economics theory |
Knowledgeable Empowered |
PC6, PC6.2, 12.1.5 |
| 2 | Demonstrate knowledge and critical thinking to evaluate contemporary international trade issues and policies relevant to the international context |
Creative and critical thinker Empowered |
1.1.1, PC3, PC3.1, PC6, PC6.2, 8.1, 17.1.1 |
| 3 | Analyse and evaluate the international environment by demonstrating an appreciation of cultural differences and by identifing relevant sustainable development goals (SDGs) |
Ethical Engaged Sustainability-focussed |
1.1.1, PC4, PC5, PC6, 8.1.1, 10.1.4, 17.1.5 |
| 4 | Participate in group work and set goals to reach outcomes. |
Creative and critical thinker Engaged |
PC2, PC2.1, PC3, PC3.1, PC6, PC6.1 |
| 5 | Demonstrate advanced communication and digital skills in a business context |
Creative and critical thinker Empowered |
PC1, PC1.1, PC1.2, PC1.3, PC6 |
| CODE | COMPETENCY |
| Association to Advance Collegiate Schools of Business | |
| PC1 | Communication |
| PC1.1 | Written Communication |
| PC1.2 | Oral Communication |
| PC1.3 | Digital Literacy |
| PC2 | Collaboration |
| PC2.1 | Teamwork |
| PC3 | Creative and Critical Thinking |
| PC3.1 | Problem Solving |
| PC4 | Community Consciousness |
| PC5 | Cultural Awareness |
| PC6 | Career-ready |
| PC6.1 | Self-management |
| PC6.2 | Discipline Knowledge |
| Education for Sustainable Development Goals | |
| 1.1.1 | The learner understands the concepts of extreme and relative poverty and is able to critically reflect on their underlying cultural and normative assumptions and practices. |
| 8.1.1 | The learner understands the concepts of sustained, inclusive and sustainable economic growth, full and productive employment, and decent work, including the advancement of gender parity and equality, and knows about alternative economic models and indicators. |
| 8.1 | Cognitive learning objectives for “Decent Work and Economic Growth” |
| 10.1.4 | The learner understands local, national and global processes that both promote and hinder equality (fiscal, wage, and social protection policies, corporate activities, etc. ). |
| 12.1.5 | The learner understands dilemmas/trade-offs related to and system changes necessary for achieving sustainable consumption and production. |
| 17.1.1 | The learner understands global issues, including issues of financing for development, taxation, debt and trade policies, and the interconnectedness and interdependency of different countries and populations. |
| 17.1.5 | The learner knows concepts for measuring progress on sustainable development. |
Refer to the UniSC Glossary of terms for definitions of “pre-requisites, co-requisites and anti-requisites”.
BUS102
Not applicable
Not applicable
Not applicable
Not applicable
Standard Grading (GRD)
| High Distinction (HD), Distinction (DN), Credit (CR), Pass (PS), Fail (FL). |
Formative feedback will be provided through discussion of weekly topics in workshops and/or online from Week 1.
| 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 | Written Piece | Individual | 25% | 600 words |
Week 5 | Online Assignment Submission with plagiarism check |
| All | 2 | Artefact - Creative, and Oral | Group | 35% | 10 minutes |
Week 9 | Online Assignment Submission with plagiarism check |
| All | 3 | Report | Individual | 40% | 1600-1800 words |
Week 12 | Online Assignment Submission with plagiarism check |
| All - Assessment Task 1:Problem set | |||||||||||||
| Goal: | Demonstrate knowledge and application of international trade theory. |
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| Product: | Written Piece | ||||||||||||
| Authorship Statement: | |||||||||||||
| Format: | Short-answer questions based on concepts presented in week 1-4. This is an individual assessment. More details will be provided on Canvas |
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| Criteria: |
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| Generic Skills: | Communication, Problem solving |
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| All - Assessment Task 2:Podcast | ||||||||||||||||||||||||||||
| Goal: | Prepare and present an argument for a trade policy to continue or to cease. |
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| Product: | Artefact - Creative, and Oral | |||||||||||||||||||||||||||
| Authorship Statement: | ||||||||||||||||||||||||||||
| Format: | This is a group assessment (3 - 4 students per group) that will involve creating a podcast episode. It is advised that you organise your groups early in the trimester. Self and Peer assessments are required. Further details will be available on Canvas. |
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| Criteria: |
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| Generic Skills: | Communication, Collaboration, Problem solving, Organisation, Applying technologies, Information literacy |
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| All - Assessment Task 3:Country Case Study | ||||||||||||||||
| Goal: | Demonstrate knowledge and understanding of trade and finance theories and issues through the analysis and the evaluation of the international context of a chosen country. |
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| Product: | Report | |||||||||||||||
| Authorship Statement: | ||||||||||||||||
| Format: | Individual assessment. A formal written report providing a critical evaluation of trade/finance situation of a foreign country. Further details will be provided on Canvas. |
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| Criteria: |
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| Generic Skills: | Communication, Problem solving |
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| Programme Delivery Mode | Assessment Type | Title | Competency | Teaching Methods |
|---|---|---|---|---|
| 2020 UniSC Business School Standards Undergraduate | ||||
| All delivery modes | Artefact - Creative, and Oral | Podcast | PC1.1 | Assessed |
| PC1.2 | Taught, Practiced, Assessed | |||
| PC1.3 | Taught, Practiced, Assessed | |||
| PC2.1 | Taught, Practiced, Assessed | |||
| PC3.1 | Practiced, Assessed | |||
| PC5.1 | Taught, Practiced, Assessed | |||
| PC6.1 | Taught | |||
| PC6.2 | Taught, Practiced, Assessed | |||
| Report | Country Case Study | PC1.1 | Practiced, Assessed | |
| PC3.1 | Practiced, Assessed | |||
| PC6.2 | Practiced, Assessed | |||
| Written Piece | Problem set | PC1.1 | Assessed | |
| PC3.1 | Taught, Practiced, Assessed | |||
| PC6.2 | Taught, Practiced, Assessed | |||
| Education for Sustainable Development Goals | ||||
| All delivery modes | Artefact - Creative, and Oral | Podcast | 8.2.1 | Taught, Practiced, Assessed |
| 12.1.1 | Taught, Practiced | |||
| 17.1.1 | Taught, Practiced, Assessed | |||
| 17.2.1 | Taught, Practiced | |||
| Report | Country Case Study | 1.1.1 | Taught, Practiced, Assessed | |
| 8.1.2 | Taught, Practiced | |||
| 8.1.3 | Taught, Practiced, Assessed | |||
| 8.2.1 | Taught, Practiced, Assessed | |||
| 17.1.1 | Taught, Practiced, Assessed | |||
| 17.3.5 | Taught, Practiced, Assessed | |||
| Written Piece | Problem set | 8.3.1 | Taught, Practiced, Assessed | |
| 17.1.1 | Taught, Practiced, Assessed | |||
| 17.1.3 | Taught, Practiced, Assessed | |||
| 2020 UniSC Business School Standards Postgraduate | ||||
| All delivery modes | Report | Country Case Study | PC1.1 | Taught, Assessed |
| PC1.3 | Taught, Assessed | |||
| PC3.1 | Taught, Practiced, Assessed | |||
| PC4.1 | Taught, Practiced, Assessed | |||
| PC6.2 | Taught, Practiced, Assessed | |||
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 | Robert Carbaugh | 0 | International Economics | 18th ed | n/a |
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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