EXMBA558-21E (HAM)

Understanding the Business Environment

15 Points

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: helen.nicol@waikato.ac.nz

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Paper Description

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All sectors – agriculture, manufacturing, services, and construction – in the economy are interrelated. A better understanding comes from an economics point of view which takes into account the interconnection as given rather than studying each sector in isolation. Economics offers a rational view of markets and society in the domestic and international context from the perspective of individual units or the economy as a whole. This paper helps executives understand the economic environment, the supply chains that enable it, and the cybersecurity that safeguards it.

The first part of this paper introduces economic decision-making at the micro-level, including consumers, firms, and markets. Issues covered include: anticipating opportunities in a competitive business environment, agribusiness, pricing strategies, strategic interactions between firms, market failure and sustainability.

The second part of the paper introduces economics at the macro and global level. Topics include New Zealand GDP growth, including both manufacturing and the construction sectors and analyses and forecasting most sectors of the economy, including inflation, trade, housing, labour and financial markets. Further topics covered are the official cash rate, long-term interest rate, government bond yields, and exchange rate. On the global side, the paper focuses on macroeconomic imbalances internationally, and flow of capital, crisis vulnerabilities in both advanced and emerging markets, global responses to COVID-19 pandemic in terms of monetary and fiscal stimulus. On global issues, the role of policy coordination is covered from an economic as well as a geopolitical perspective.

Supply chains are competitive enablers for any sector of the economy. First we discuss supply chain strategy and how this must tie closely to a company's micro-economic context. Second we discuss how macro-economics and other geopolitics enable competitive supply chain ecosystems.

Assessments are based on case study and assignment to ensure understanding of the paper's content and the students will be assessed based on the capability to apply the skills and knowledge gained.

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Paper Structure

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Six of the paper's ten sessions will be facilitated in a face-to-face setting, supported by online resources. Meanwhile, three of the sessions will be exclusively online and the final session uses asynchronous* learning.

*asynchronous: learning in your own time and at your own pace

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Learning Outcomes

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Students who successfully complete the paper should be able to:

  • Identify and evaluate business opportunities using microeconomic tools

    Consumer preferences, market competition, strategic pricing

    Linked to the following assessments:
  • Discuss sustainability challenges and how to meet them

    Market failure, voluntary action and government regulation

    Linked to the following assessments:
  • Understand the key macroeconomic variables in the New Zealand economy

    Economic growth, inflation, and unemployment rate.

    Linked to the following assessments:
  • Understand the macroeconomic factors behind the financial markets

    Savings and investment, taxes, budget, the national debt

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  • Understand the functioning of the Reserve Bank and the Treasury in managing the NZ economy

    OCR, long-term interest rate, yield curve, treasury bond price, interest-rate pass-through, the credit channel, COVID-19 response by the RBNZ and the Treasury

    Linked to the following assessments:
  • Learn global economic issues

    The global current account balance, international reserves, capital flows, financial crises

    Linked to the following assessments:
  • Discuss supply chain strategies and cybersecurity principles that underpin competitiveness in the global business environment.
    Linked to the following assessments:
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Assessment

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All assessment is compulsory.
It is expected you have read the Corporate & Executive Education Policies.

PLEASE NOTE: The University has zero-tolerance for Plagiarism.

All assessment must be submitted as a Word document, unless otherwise stated.

Booking of rooms for group meetings.

Please refer to Moodle for assessment details.
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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Economic concepts for business - individual assignment
9 Aug 2021
11:30 PM
25
  • Online: Submit through Moodle
2. Critical reflection on supply chain strategy
23 Aug 2021
11:30 PM
15
  • Online: Submit through Moodle
3. Macro factors in doing business - individual
30 Aug 2021
11:30 PM
30
  • Online: Submit through Moodle
4. Global Economy Group Project
6 Sep 2021
11:30 PM
25
  • Online: Submit through Moodle
5. Cyber Security
9 Sep 2021
11:30 PM
5
  • Online: Submit through Moodle
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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Refer to Moodle/Course Resources
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Recommended Readings

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Refer to Moodle/Course Resources

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Online Support

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Waikato Management School Helpdesk: wms_helpdesk@waikato.ac.nz, 0800 WAIKATO, extn 4599

ITS: https://landesk.waikato.ac.nz0800 WAIKATO, extn 4008

Moodle help files

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Workload

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As a general guide 12-15 hours per week is required over the whole period of the paper.
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Linkages to Other Papers

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Prerequisite(s)

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: EXED503, EXMBA504

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