Learning outcomes

To successfully complete this unit you will be able to demonstrate you have achieved the learning outcomes (LO) detailed in the below table.

Each outcome is informed by a number of graduate capabilities (GC) to ensure your work in this, and every unit, is part of a larger goal of graduating from ACU with the attributes of insight, empathy, imagination and impact.

Explore the graduate capabilities.

Content

Topics will include:

• The nature of the global economy and globalisation;
• Globalisation: winners and losers;
• The impact of globalisationon Indigenous population;
• Migration, aboriginal economic migration;
• Indigenous People in the Global Economy;
• The impact of globalisationon trade, investment, technology, labour, and finance;
• The international business cycle;
• Trade theory;
• Reasons for protection, types of policies and their effects;
• Australia's trading pattern - trends and issues;
• Balance of Payments;
• International trading organisations and agreements;
• Exchange rate determination and the effects of fluctuations on economies;
• The challenges facing economic policymakers under different exchange rate regimes;
• The role of international organisations, such as the IMF and World Bank, in the global economy;
• Techniques in locating economic information, critically analysing economic sources and data;
• Techniques in clear communication (presentation and research-based writing).

Learning and teaching strategy and rationale

This unit is designed to be offered fully online and will include synchronous delivery of unit content, collaborative online learning activities and other technology-enabled learning synchronous and asynchronous learning opportunities to foster interaction between students.

To achieve the learning objectives outlined above, this unit provides content and theoretical information in lectures. Students engage students in active learning activities, such as reading, writing, discussion, problem-solving, case study analysis, and economic simulations to promote analysis, synthesis and evaluation of class content in the context of tutorial workshops or using tutorial webinars. This unit uses case studies and economic simulation exercises (e.g. trade wars and economic sanctions) to explore how what students have learned applies to real-world situations. In addition, students in this unit will be encouraged to develop specific skills in locating economic information, critically analysing economic sources and economic case studies, and confident communication skills through research-based writing and in-class presentation using various media.  

This is a 10-credit point unit and has been designed to ensure that the time needed to complete the required volume of learning to the requisite standard is approximately 150 hours in total across the semester. To achieve a passing standard in this unit, students will find it helpful to engage in the full range of learning activities and assessments utilised in this unit, as described in the learning and teaching strategy and the assessment strategy. The learning and teaching and assessment strategies include a range of approaches to support your learning such as reading, reflection, discussion, webinars, podcasts, videos etc.