ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title BUSINESS IN THE GLOBAL ECONOMY
Code MKIB225
Coordinator Dr CA Belfrage
Work, Organisation and Management
C.Belfrage@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2019-20 Level 5 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
MKIB152 INTERNATIONAL BUSINESS ENVIRONMENT; MKIB153 FUNDAMENTALS OF MARKETING; ULMS101 FUNCTIONS OF BUSINESS I 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 24

 5

         29
Timetable (if known) 120 mins X 1 totaling 24
  		           
Private Study 121
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 3: Seminar Participation Assessment Type: Practical Assessment Duration: Throughout the module Weighting: 10% Reassessment Opportunity: Yes Penalty for Late Submission: Standard  Level of Participati    10       
Assessment 2: Essay 2 Assessment Type: Coursework Size: 2000 words Weighting: 60% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous Asses  2000 words    60       
Assessment 1: Essay 1 Assessment Type: Coursework Size: 1000 words Weighting: 30% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous Asses  -1000 words    30       

Aims

The aims of the module are:
• The production of basic knowledge of how businesses operate internationally and their changing context. An understanding of transnational production in a holistic sense is key, including questions of power and ethics.

• Key concepts explaining how international business operate.

• The (current) international economic order, that is the international context of business activity.

• The relationship between transnational corporations and international organisations, states, labour, social movements, etc

Learning Outcomes

(LO1) Students will be able to think analytically in the production of knowledge of how businesses operate internationally.

(LO2) Students will be able to analytically read a wide range of texts originating from numerous “disciplines”, assessing the strengths and weaknesses of different arguments. This is to enable the development of an analytical understanding of key approaches, both mainstream and critical, on these issues.

(LO3) Students will be able to undertake independent scholarly work, albeit in an assisted manner.

(LO4) Students will be able to communicate knowledge, ideas and analysis clearly and concisely in both written and oral form.

(LO5) Students will be able to work autonomously and demonstrate initiative, self-organisation and time management, to plan and evaluate independent learning and performance, and to apply learning strategies to improve performance.

(LO6) Students will be able to function effectively and cooperatively in group work

(LO7) Students will be able to develop a basic understanding of the (current) international economic order, that is the international context of business activity.

(LO8) Students will be able to develop a basic understanding of the relationship between transnational corporations and international organisations, states, labour, social movements etc.

(LO9) Students will be able to develop a basic understanding of power and ethics in the world economy.

(S1) Adaptability

(S2) Problem solving skills

(S3) Commercial awareness

(S4) Teamwork

(S5) Organisational skills

(S6) Communication skills

(S7) IT skills

(S8) International awareness

(S9) Lifelong learning skills

(S10) Ethical awareness

Teaching and Learning Strategies

Teaching Method 1 - Lecture
Description: The main themes will be presented in lectures.
Scheduled Directed Student Hours: 24
Attendance Recorded: Yes
Notes: Weekly 2 hour session.

Teaching Method 2 - Seminar
Description: Seminars will permit students to develop their understanding of the main themes and debates in the area.
Scheduled Directed Student Hours: 5
Attendance Recorded: Yes

Self-Directed Learning: research activity, developing academic writing skills, and wider reading to support the module
Self-Directed Learning Hours: 121

Skills/Other Attributes Mapping

Skills / attributes: Ethical awareness
How this is developed: In lectures, seminars, essays and exam
Mode of assessment (if applicable)

Skills / attributes: Lifelong learning skills
How this is developed: In lectures, seminars, essays and exam
Mode of assessment (if applicable)

Skills / attributes: International awareness
How this i s developed: In lectures, seminars, essays and exam
Mode of assessment (if applicable)

Skills / attributes: IT skills
How this is developed: In relation to essays
Mode of assessment (if applicable)

Skills / attributes: Communication skills
How this is developed: In seminars
Mode of assessment (if applicable)

Skills / attributes: Organisational skills
How this is developed: In seminars and in relation to assessment
Mode of assessment (if applicable)

Skills / attributes: Teamwork
How this is developed: In seminars
Mode of assessment (if applicable)

Skills / attributes: Commercial awareness
How this is developed: In lectures, seminars, essays and exam
Mode of assessment (if applicable)

Skills / attributes: Problem solving skills
How this is developed: In lectures, seminars, essays and exam
Mode of assessment (if applicable)

Skills / attributes: Adaptability
How this is developed: In lectures and in seminars
Mode of assessment (if applicable)

Syllabus
 

International Business in a Changing Global Economy: adapting to a globalising economy.

Conceptualising international production-consumption linkages: From value chains to global production networks.

New technologies and their social, political and economic impacts – the Fourth Industrial Revolution and Industry 4.0.

Firm internationalisation in practice – Winners and losers in the supermarket revolution.

Shareholder Value and the Financialization of Corporate Control.

The web of political, social and economic interests: business lobby and CSR.

Business, Society and the task of addressing complex problems; climate change, health and other sustainable development challenges.

Global Economic and Financial Crisis.

The Crisis and the Gendered Economy.

Global Economic Crisis and the Politics of Growth: European Austerity.

Global Economic Crisis and the Politics of Growth: the Brave New World of the BRICs.< /p>

The New International (Dis)Order.

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.