Economics and the Global Context

15 Points

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Waikato Management School
Te Raupapa
Executive Education


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: ashleigh.neame@waikato.ac.nz
: ditha.sishta@waikato.ac.nz
: helen.nicol@waikato.ac.nz

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Paper Description

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The paper is derived from theory and applications providing you with a robust introduction to economics for business. The intention is to introduce you to an 'economic way of thinking' to allow you to understand the complex domestic and international business environment.

Study Hints

Lecture notes will be provided before each class. Readings will be listed to support each set of lecture notes. The lecture notes themselves will be a valuable resource providing a summary of the main concepts and applications in the readings.

There will be one test, one case study and a group project. The tests will be based on knowledge of concepts covered in the preceding lectures. The tests will consist of multiple choice questions and/or short answer. The first case study will involve an analysis of a given business scenario. The group assignment will be an analysis of the business and macroeconomic environment of selected countries. Students are free to select any country of their choice.

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Paper Structure

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There is a total of 30hours of contact time

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Learning Outcomes

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Students who successfully complete the course should be able to:

  • Appraise and explain the complex domestic and international business environment
    There will be a focus on macroeconomic issues like inflation, unemployment and exchange rates
    Linked to the following assessments:
  • Identify and evaluate business opportunities
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  • Solve business problems relating to pricing and other strategies
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  • Examine and respond appropriately to uncertainties in the business environment
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  • Identify the role of government in shaping business opportunities and challenges
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  • Identify and respond to emerging opportunities in a dynamic global economy
    Linked to the following assessments:
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All assessments are 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:
MSB.1.38, 1.39, 1.40 – email law-pa@waikato.ac.nz
MSB.1.42, 1.43, 1.44, 1.45 - email: msc@waikato.ac.nz
All other rooms: http://timetable.waikato.ac.nz/bookings/

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. Case Review
3 Oct 2019
2:00 PM
  • Online: Submit through Moodle
2. In-class Test
  • Hand-in: In Lecture
3. Group Case Study : Individual component
10 Oct 2019
2:00 PM
  • Online: Submit through Moodle
4. Case Study : Group component
17 Oct 2019
2:00 PM
  • Online: Submit through Moodle
5. Self-reflection
22 Nov 2019
No set time
  • Online: EPortfolio System
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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The prescribed textbook for this paper is "Principles of Economics", 6th Edition, By Gans, King, Stonecash et al.

Lecture notes are provided for all key elements of this paper and can be found on Moodle. Student will also find it useful to keep up to date with New Zealand and international business news. There will be additional readings compiled from news articles that focus on the relevant topics in the class materials. These topical issues from news articles will be discussed in tutorials.

Download relevant material and read prior to attending each session.

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Recommended Readings

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Other strongly recommended texts are:

Economics for Business: Blending Theory and Practice, 2nd Ed, by Worthington, Britton and Rees

Principles of Economics, 6th Ed. by Mankiw

Economics, 10th Ed. by Begg et al.

Principles of Economics, 4th Ed, by Frank and Bernanke

Economics, 4th Ed, by McTaggart

Basic Economics, 5th Ed, by Sowell - Chapter 1 is strongly recommended for those who have not studied economics before.

Students are strongly encouraged to read The Economist and the National Business Review.
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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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As a general guide 35-40 hours per week is required over the whole period of the paper.

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Linkages to Other Papers

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Restricted papers: EXPM506

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