EXMBM514-21J (HAM)

Economics and the Global Context

15 Points

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Division of Management
Strategic Engagement
Professional Programmes

Staff

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Convenor(s)

Mark Holmes

Mark Holmes
4454
MSB.2.20
See Moodle
mark.holmes@waikato.ac.nz

Lecturer(s)

Administrator(s)

: ashleigh.neame@waikato.ac.nz
: claire.ross@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: yilan.chen@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
    • For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
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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 slides 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.

The assessment will consist of three online quizzes, a group project that includes a significant individual component, and an online final test. The online quizzes and test will be based on knowledge of concepts covered in the preceding lectures. The online final test will consist of multiple choice and short answer questions. The case study will be based on an analysis of the business and macroeconomic environment of a chosen country.

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Paper Structure

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This is a FLEXI paper that will have learning available both face-to-face (on campus) and online thereby offering flexibility in terms of where and how students learn. Face-to-face classes will take place during the scheduled afternoon periods (2-5 pm, New Zealand time) while maintaining remote or recorded access options for those not on campus.

For assessment, please note there are some elements that require students to be online at specified times.

More details can be found in Moodle.

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Learning Outcomes

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Students who successfully complete the paper 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
    Linked to the following assessments:
  • 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
    Linked to the following assessments:
  • Identify and respond to emerging opportunities in a dynamic global economy
    Linked to the following assessments:
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Assessment

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All assessments need to be completed.

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

Library Group Study Rooms - https://www.waikato.ac.nz/library/services/spaces/group-rooms
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. Online Quiz 1
13 Oct 2021
5:00 PM
5
  • Online: Submit through Moodle
2. Online Quiz 2
18 Oct 2021
5:00 PM
7.5
  • Online: Submit through Moodle
3. Online Quiz 3
22 Oct 2021
5:00 PM
7.5
  • Online: Submit through Moodle
4. Case Study : Group component
26 Oct 2021
11:30 PM
20
  • Online: Submit through Moodle
5. Case Study : Individual component
26 Oct 2021
11:30 PM
30
  • Online: Submit through Moodle
6. Final Test
2 Nov 2021
5:00 PM
30
  • 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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The prescribed textbook for this paper is "Principles of Economics", 7th Edition, By Gans, King, Stonecash et al.

Note: The 6th edition of the textbook is also suitable

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.

University of Waikato Reading List

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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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Workload

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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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Prerequisite(s)

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: EXPM506

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