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Global Trading Issues

Unit Code: MBM503

Duration

Contact Hours

Campus

Prerequisite

Corequisite

12 weeks

36 hours

Hawthorn

B0046010 Project Management Framework

Credit Points: 12.5 Credit Points

Related Course/s:

This unit is an elective unit in specified Graduate Certificates of Business Management. The Graduate Certificate programs form the first year of the Master of Business Management .

Aims & Objectives:

This subject provides students with an appreciation of the principles of international trade and commerce and their application within the global financial environment including the risks currently involved in world trade and the management of these risks. Students will apply theoretical and analytical skills to understanding and evaluating global trading issues.

The aims of this subject are to:

Understand global trading standards and practices
Understand the various risks involved in global trade
Understand global trade and global financial markets
Explore the impact of culture and diversity in global trade
Explore the relationships between economies, culture, politics, law and regulation in global trade and marketing
Understand marketing mix decisions in an international marketplace

Teaching Methods:

Lectures, guest speakers, industry visits, case study analysis, online delivery.

Assessment:

Individual assignments/reports and presentations (40-60%)

Syndicate assignment/report and presentation (40-60%)

Generic Skills Outcomes:

Swinburne works to produce higher education graduates who are capable in their chosen professions, can contribute in an entrepreneurial and innovative way within their workplace or community, can operate effectively and ethically in their business life, and are adaptable and able to manage change.

It is expected that graduates will leave with a diverse wealth of experiences and will have developed individual knowledge, abilities and attitudes commensurate with professional standards appropriate to the business and wider community.

Within this context, it is the intention that this program will enable students to develop the following skills:

Teamwork skills
Analytical skills
Business research skills appropriate to addressing managerial challenges and problem solving
Problem solving and decision making skills
Communication skills
Reporting and presentation skills
Strategic thinking skills
Ability to work independently
Ability to address unfamiliar problems
Ability to engage in critical enquiry and discussion
Ability to identify and address ethical matters in business

Content:

Commercial contracts
International trade standards and practices
Economic, political, commercial, currency and transport risks
Import/export procedures and settlements
International trade and finance
Global financial markets
Trade related intellectual property
International trade dispute resolution
Culture, cultural difference and its relevance to global trade
The relationships of economies, culture, politics and law and the international marketing process
Competitive advantage in an international market
International marketing mix decisions
Services versus product marketing

Reading Materials:

Chu Chin-Ning. (2000), The Asian Mind Game, Stealth, St Ives.

Clark, Cho & Hoyle (2000), Marketers and Law, LLB, North Sydney.

Fletcher, R. & Brown, L. (2001), International Marketing: An Asia Pacific Perspective, 2^nd ed., Pearson Education, Australia.

Mahoney, Trigg, Griffin & Pustay (2001), International Business, A Managerial Perspective, 2^nd ed., Pearson Education Australia.

National Australia Bank Group. (2000), Finance of International Trade

Schmitthoff, C. (2000), Export Trade, Sweet and Maxwell, London.

Trebilcock & Howse (1997), The Regulation of International Trade, Routledge, New York.