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 2021-22 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   12

      22

12

46
Timetable (if known)   60 mins X 1 totaling 12
 
      120 mins X 1 totaling 24
60 mins X 1 totaling 12
 
 
Private Study 115
TOTAL HOURS 161

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 1: Podcast Recording of critical reading of key texts Assessment Type: Coursework Size: Max 3 minutes Weighting: 10% Reassessment Opportunity: Yes Penalty for Late Submission: Sta  Maximum 3 minutes    10       
Assessment 3: Group-Authored Essay Assessment Type: Coursework Size: 3000 words Weighting: 50% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Ano  -3000 words    50       
Assessment 2: Individually Authored Essay Assessment Type: Coursework Size: 1000 words Weighting: 40% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applie  -1000 words    40       

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 trends and issues shaping the (current) international economic order, that is the current and future 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, assessing the strengths and weaknesses of different arguments on key themes and trends. This is to enable the development of an analytical understanding of key approaches, both mainstream and critical, on these themes and trends.

(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 Delivery: Mixed, hybrid delivery with social distancing on campus

Teaching Method 1 – Online Asynchronous Learning Materials
Description: The key content of each week of study will be briefly introduced in ‘chunked’ recordings, including the key themes/trends of concern, key readings and empirical data. This will prepare students for self-directed learning and assessment activities.
Unscheduled Directed Student Hours: 22
Attendance Recorded: No

Teaching Method 2 - Seminars
Description: Seminars will permit students to develop their understanding of the main themes and trends in the area. They will focus on empirical phenomena exemplifying/illustrating these themes and trends drawing on e.g. news media and simple empirical illustrations. Seminars will also enable clarification of theoretical perspectives on these themes/trends.
Scheduled Directed Student Hours: 12
Attendance Recorded: Yes

Teaching Method 3 – Group Study
Description: Weekly 1 hour session to foster student community and engagement by working with others on their ‘active learning’ activities
Scheduled Student Hours: 12
Attendance Recorded: No

Self-Directed Learning Hours: 115
Description: research activity, developing critical analysis skills (reading and writing, in particular), and wider reading to support the module

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 is developed: In lectures, seminars, essays and exam
Mode of assessment (if applicable)

Skills / attributes: IT skills
How thi s 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

 

Business in a Changing Global Economy: Introduction to module and Critical Analysis

What is theory? Globalisation vs. deglobalisation

The Multinational Firm: The Transnationalisation of Retail and Global Labour

Gender and Social Reproduction

The Fourth Industrial Revolution and Industry 4.0

Corporate Governance: Shareholder Value and the Financialization of Multinational Corporate Control.

Globalisation in Crises

Complex societal global problems: climate change, health and other sustainable development challenges

Regionalisation: the case of the EU and Brexit

Governing the national economy: UK Devolution and National Tensions

The City: the case of Liverpool


Recommended Texts

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