Module Specification

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.
1. Module Title BUSINESS IN THE GLOBAL ECONOMY
2. Module Code MKIB225
3. Year Session 2023-24
4. Originating Department Management School
5. Faculty Fac of Humanities & Social Sci
6. Semester Second Semester
7. CATS Level Level 5 FHEQ
8. CATS Value 15
9. Member of staff with responsibility for the module
Dr ES Enang Strategy, IB and Entrepreneurship Etieno.Enang@liverpool.ac.uk
10. Module Moderator
11. Other Contributing Departments  
12. Other Staff Teaching on this Module
Mr NA Owen Management School Neil.Owen@liverpool.ac.uk
Mr C McCall-Twentyman Management School C.Mccall-Twentyman@liverpool.ac.uk
Miss JV Jones Management School Jade.Jones@liverpool.ac.uk
Dr A Vilella Nilsson Work, Organisation and Management Adriana.Vilella-Nilsson@liverpool.ac.uk
Mr TE Lloyd Management School Thomasl@liverpool.ac.uk
Mr MR McDonough Management School Michael.Mcdonough@liverpool.ac.uk
Miss RD Hughes Management School Rebekah.Hughes@liverpool.ac.uk
Mr L Dowdall Management School Luke.Dowdall@liverpool.ac.uk
Mr LA Bedeau Management School Leon.Bedeau@liverpool.ac.uk
Miss NE Wood Management School N.E.Wood@liverpool.ac.uk
Mr DRA Horne Management School D.Horne@liverpool.ac.uk
Mr JA Barlow School of Law and Social Justice Jonathan.Barlow@liverpool.ac.uk
Miss D Gildea IPH Professional Services Dionne.Gildea@liverpool.ac.uk
Mr JC Brown School of Physical Sciences J.Brown23@liverpool.ac.uk
13. Board of Studies
14. Mode of Delivery
15. Location Main Liverpool City Campus
    Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
16. Study Hours 24

6

        30
17.

Private Study

120
18.

TOTAL HOURS

150
 
    Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other
19. Timetable (if known)            
 
20. Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

ULMS101 FUNCTIONS OF BUSINESS I; MKIB152 INTERNATIONAL BUSINESS ENVIRONMENT; MKIB153 FUNDAMENTALS OF MARKETING
21. Modules for which this module is a pre-requisite:

 
22. Co-requisite modules:

 
23. Linked Modules:

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

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

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

27. 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

 
28. 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

 
29. Teaching and Learning Strategies
 

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

Teaching Method - 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: 6
Attendance Recorded: Yes

Self-Directed Learning Hours: 120
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: This module will help you identify key issues in the world economy against the backdrop of trends, countertrends and paradoxe s. Equipped with such understanding, your ethical perspective on key issues in the world today will be enhanced.
Mode of assessment (if applicable) Individual Essay and Infographic/Critical Essay

Skills / attributes: Lifelong learning skills
How this is developed: The lectures and seminars are structured around contents that will stimulate curiosity, reflexivity in a manner that will develop critical thinking, problem solving and creativity. Mode of assessment (if applicable) Individual Essay and Infographic/Critical Essay

Skills / attributes: International awareness
How this is developed: With this module concerned with the big, global picture, yet diving into particular issues in particular settings, the module puts great emphasis on global awareness.
Mode of assessment (if applicable) Individual Essay and Infographic/Critical Essay

Skills / attributes: IT skills
How this is developed: To understand trends, countertrends and paradoxes in the worl d economy, you will need to supplement your academic readings with basic secondary research making use of data available in official reports and databases.
Mode of assessment (if applicable) Infographic/Critical Essay

Skills / attributes: Communication skills
How this is developed: You are encouraged to focus on your communications in all aspects of this module: in the way you communicate in seminars, via your writing styles and presentation skills. You are given advice on how to develop these skills
Mode of assessment (if applicable) Individual Essay and Infographic/Critical Essay

Skills / attributes: Organisational skills
How this is developed: During the seminars and in relation to both group and individual assessments, you will be given tasks to complete within specific deadlines. This will enable you to improve your coordination and time management skills.
Mode of assessment (if applicable) Individual Essay and Infographic/Critical Essay

Ski lls / attributes: Teamwork
How this is developed: During the seminars and the group assessment, you will be required to work in groups to accomplish certain tasks, this will enable you develop and further improve collaboration and team building skills.
Mode of assessment (if applicable) Infographic/Critical Essay

Skills / attributes: Commercial awareness
How this is developed: By becoming more knowledgeable of trends and developments in the global economy, and by learning to see how they interconnect, the module will help you become more capable in identifying business opportunities and challenges.
Mode of assessment (if applicable) Individual Essay and Infographic/Critical Essay

Skills / attributes: Problem solving skills
How this is developed: You are asked to identify trends and countertrends as well as paradoxes in the world economy. This knowledge will help you to solve problems in informed ways taking the big picture into account.
Mode of ass essment (if applicable) Individual Essay and Infographic/Critical Essay

Skills / attributes: Adaptability
How this is developed: The reading programme as well as the assessments mean that it is a real challenge to work to manage your readings and deadlines. You will need to be flexible in your workload and adaptable in your priorities.
Mode of assessment (if applicable) Individual Essay and Infographic/Critical Essay

 
30. Syllabus
   

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

Develop Critical thinking and Critical writing skills

What is theory? Globalisation vs. deglobalisation

The Multinational Firm: The Transnationalisation of Retail and Global Labour

Gender Equality (UN sustainable development goals) – Taking a societal perspective and firm level perspective (MNEs Leadership structure)

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

The City: the case of Liverpool

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

Assessment

32. EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
   
33. CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
  Assessment 3: Individual Essay Assessment Type: Coursework Size: 2000 words Weighting: 60% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous Asses 0 60
  Assessment 1: Infographic Assessment Type: Practical Size: 1 page Weighting: 20% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: 0 20
  Assessment 2: Critical Summary Assessment Type: Coursework Size: 600 words Weighting: 20% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous Asses 0 20