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 GLOBAL ECONOMIC (AND BUSINESS) ENVIRONMENT
Code ECON159
Coordinator Dr N Mantovan
Economics
Noemi.Mantovan@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2023-24 Level 4 FHEQ First Semester 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 24

 5

         29
Timetable (if known)              
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 1: Analytical Skills Assessment Assessment Type: Coursework Duration: Approximately 1 hour online quiz (not timed) Weighting: 20% Reassessment Opportunity: Yes Penalty for Late   0    20       
Assessment 2: Individual Report Assessment Type: Coursework Size: 2500 Words Weighting: 80% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous A  0    80       

Aims

The aim of this module is to introduce students to:
1. the theoretical basis of global economic integration
2. the main economic features of the Global Environment
3. the workings and interaction of different global institutions
4. the major current policy issues.

Learning Outcomes

(LO1) Students will be able to describe the main economic aspects of the global economic and business environment in recent years.

(LO2) Students will be able to identify major economic issues experienced by nations and institutions.

(LO3) Students will be able to use appropriate economic analysis to examine such issues.

(LO4) Students will be able to develop cognitive skills of critical analysis, data interpretation, and synthesis.

(LO5) Students will be able to identify major themes and issues relating to the global economic and business environment.

(LO6) Students will be able to develop the ability to conduct individual study by finding and interpreting official data as well as understanding literature and policy documents.

(LO7) Students will be able to develop the ability to discuss international trade policies and treaties, particularly as they affect the UK.

(LO8) Students will be able to identify ethical issues in the interactions of global business networks.

(S1) Problem solving skills

(S2) Commercial awareness

(S3) International awareness

(S4) Lifelong learning skills

(S5) Ethical awareness

(S6) IT Skills

(S7) Communication Skills

Teaching and Learning Strategies

Teaching Method - Lecture
Scheduled Directed Student Hours: 24
Attendance Recorded: Yes

Teaching Method - Seminar
Scheduled Directed Student Hours: 5
Attendance Recorded: Yes

Self-Directed Learning Hours: 121

Skills/Other Attributes Mapping

Skills / attributes: Problem solving skills
How this is developed: Students are supported in exploring different theories and sources of data, and understand how they are related to each other.
Mode of assessment (if applicable): Analytical Skills Assessment and Individual Report

Skills / attributes: Commercial awareness
How this is developed: The module requires a good understanding of commercial networks and the mode of work for transnational, national, and multinational corporations.
Mode of assessment (if applicable): Analytical Skills Assessment and Individual Report

Skills / attributes: International awareness
How this is developed: Students are required to focus on international treaties about commerce, international policies and how companies work in a global setting.
Mode of assessment (if applicable): Analytical Skills Assessment and Individual Report

Skills / attributes: Lifelong learning skills
How this is developed: Students are required to develop analytical as well as technical skills. This is obtained also through learning how to use a simple software, such as MS Excel, which is widely used in the workplace, as well as developing critical skills and the ability to interpret data.
Mode of assessment (if applicable): Analytical Skills Assessment and Individual Report

Skills / attributes: Ethical awareness
How this is developed: Students are required to understand the ethical problems that arise from globalization and transnational corporations, as well as the winners and losers of economic integration.
Mode of assessment (if applicable)

Skills / attributes: IT Skills
How this is developed: This module requires students to source information from the internet and other digital repositories and use this in analysis of given problems.
Mode of assessment (if applicable): Analytical Skills Assessment and Individual Report

Skills / attributes: Communication Skills
How this is developed: Workshop participation
Mode of assessment (if applicable)

Syllabus
 

1. Introduction & Understanding global shift of Economic Power
2. Global Complexity & Technological Change
3. Transnational Corporations
4. Economic Policy and Nation States
5. Economic Policy and Supranational Unions (e.g. EU)
6. Transnational Corporations Versus States
7. Skills: Communicating Economic Data
8. Global Production networks
9. Economic Winners & Losers
10. Industry Examples: Advanced Business Services; Agro-food; Automobile Industry; Clothing industry; Extractive Industries; Logistics (selected examples from these to vary - time permitting)

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