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 INTERNATIONAL TRADE IN THE GLOBAL ECONOMIC ENVIRONMENT
Code KMGT624
Coordinator Dr M Tickle
Operations and Supply Chain Management
M.Tickle@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2022-23 Level 7 FHEQ Whole Session 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

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           50

100

 150
Timetable (if known)              
Private Study 0
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 1 Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session  0    35       
Assessment 2 Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session  0    25       
Assessment 3 Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session  0    30       
Assessment 4 Standard UoL penalty applies for late submission. Assessment Schedule (When) :Whole Session  0    10       

Aims

Familiarise students with the dynamics of world trade as currently practiced by leading international corporations;

Develop insights into how underlying business strategies are shaped by international law, financial convention and stage of economic development;

Develop a working understanding of the barriers, constraints and incentives that affect the flow of goods and money across national borders;

Develop a working understanding of the driving forces behind various trading methodologies;

Introduce students to emerging trends in international law and finance, with an eye towards projecting their impact on the future dynamics of international trade.

Learning Outcomes

(LO1) Apply their understanding to the analysis of specific sourcing requirements;

(LO2) Develop an analysis of where and how a product or raw material is best sourced and how firms and industries form commodity chains;

(LO3) Develop an understanding of key actors in the global economic environment including multinational firms and government;

(LO4) Reflect upon the impacts of global sourcing strategies.

(S1) Communication Skills: Students will have opportunities to develop written communication skills through group discussions and assignments;

(S2) Problem Solving and Decision Making: Students will be challenged to think critically about organisational issues and dilemmas. They will do this by gathering and synthesising information, analysing alternative perspectives and options and presenting a considered opinion or programme of action in their course assessment;

(S3) Information and Communication Technology Skills: Students will have opportunities to improve their ICT skills. Students will demonstrate skills in the use of software applications including word processing, visual presentations, data bases, spreadsheets and using the internet for information searches in the course;

(S4) Personal Effectiveness: Students will be encouraged to think critically about theory and practice and to challenge and critique assumptions about the management of people and organisations. In doing so they will be able to recognise and consider issues such as ethical dilemmas, corporate social responsibility, organisational values, leadership approaches and styles;

(S5) Time management. This involves planning scheduled work and meeting assessment deadlines. This will be evident in the students’ independent management of their assignments and coursework and by meeting coursework deadlines.

Teaching and Learning Strategies

Teaching Method 1 - Virtual classroom hours (for online modules)
Notes: Number of hours per week, per student expected in the virtual classroom in discussion, dedicated to group work and individual assessment is 7

Teaching Method 2 - Non-classroom hours (for online modules)
Notes: Number of hours per week, per student expected for reading, research and other individual work to support engagement in the classroom is 13

Syllabus
 

The Global Economic Environment;

Multinational Corporations;

Financing;

National Regulation;

Global Regulation;

Globalisation and Regionalisation;

Global Commodity Chains;

Critical reflection on global sourcing in a changing global economy.

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