BUSMAN 774 : The Global Economy and New Zealand

Business and Economics

2023 Quarter Three (1236) (15 POINTS)

Course Prescription

Considers the nature of the global economy and the opportunities for small trading nations such as New Zealand. Examines key issues, global trade, and how governmental policies impact businesses. Explores how New Zealand can become a more productive and prosperous nation.

Course Overview

This is a course in global economics and international trade which introduces the principles of international trade. On this basis, this course analyses the development and pattern of the modern international division of labour, as well as the existing problems of international trade and economic globalisation. By taking the process of globalisation and regional economic integration as the background, this course explores and analyses the opportunities and challenges for New Zealand.

By the end of this course, you will have a more systematic understanding of international trade, global resource distribution, market structure, and regional economic development trends. Thereby, you will be able to conduct economic analysis on world economic phenomena and improve your critical skills for decision-making in national and international organisations.

Course Requirements

No pre-requisites or restrictions

Capabilities Developed in this Course

Capability 1: Disciplinary Knowledge and Practice
Capability 2: Critical Thinking
Capability 3: Solution Seeking
Capability 4: Communication and Engagement
Capability 5: Independence and Integrity
Capability 6: Social and Environmental Responsibilities

Learning Outcomes

By the end of this course, students will be able to:
  1. Outline globalization and regionalization processes, their main characteristics and describe their impact on the global economy. (Capability 1 and 2)
  2. Critically analyse how economic forces impact decisions by consumers, businesses and governments. (Capability 1 and 2)
  3. Critically evaluate why governments implement particular policies, and how markets, firms, societies and other contextual factors constrain and influence the choices that businesses and policymakers make. (Capability 2, 5.2 and 6)
  4. Critically evaluate the role of economic globalisation and trade policies on economic growth and macroeconomic stability, using applied case studies. (Capability 4.1, 4.2 and 4.3)
  5. Discover and develop the short and long-term strategies available to New Zealand in the global economy. (Capability 1, 3 and 6)


Assessment Type Percentage Classification
Case Study 50% Individual Coursework
Assignment 50% Individual Coursework
Assessment Type Learning Outcome Addressed
1 2 3 4 5
Case Study

Workload Expectations

This course is a standard 15 point course and students are expected to spend 15 hours per week involved in each 15 point course that they are enrolled in.

For this course, you can expect 100 hours of reading and thinking about the content and 50 hours of work on assignments and case studies.

Delivery Mode


Attendance is expected at scheduled online activities including classes to complete components of the course.
The course will not include live online events.
Where possible, study material will be available at course commencement.
This course runs to the University quarter timetable and all the associated completion dates and deadlines will apply.

Learning Resources

Course materials are made available in a learning and collaboration tool called Canvas which also includes reading lists and lecture recordings (where available).

Please remember that the recording of any class on a personal device requires the permission of the instructor.

The recommended textbook for this course is:
Gerber, J. 2018. International Economics (7th edition). Pearson.
Note that this can be purchased as an ebook directly from Pearson publishing:  https://www.pearson.com/store/p/international-economics-global-edition/GPROG_A101708519741_learnernz-availability/9781292214160 

Student Feedback

At the end of every semester students will be invited to give feedback on the course and teaching through a tool called SET or Qualtrics. The lecturers and course co-ordinators will consider all feedback and respond with summaries and actions.

Your feedback helps teachers to improve the course and its delivery for future students.

Class Representatives in each class can take feedback to the department and faculty staff-student consultative committees.


Academic Integrity

The University of Auckland will not tolerate cheating, or assisting others to cheat, and views cheating in coursework as a serious academic offence. The work that a student submits for grading must be the student's own work, reflecting their learning. Where work from other sources is used, it must be properly acknowledged and referenced. This requirement also applies to sources on the internet. A student's assessed work may be reviewed against online source material using computerised detection mechanisms.

Class Representatives

Class representatives are students tasked with representing student issues to departments, faculties, and the wider university. If you have a complaint about this course, please contact your class rep who will know how to raise it in the right channels. See your departmental noticeboard for contact details for your class reps.

Inclusive Learning

All students are asked to discuss any impairment related requirements privately, face to face and/or in written form with the course coordinator, lecturer or tutor.

Student Disability Services also provides support for students with a wide range of impairments, both visible and invisible, to succeed and excel at the University. For more information and contact details, please visit the Student Disability Services’ website http://disability.auckland.ac.nz

Special Circumstances

If your ability to complete assessed coursework is affected by illness or other personal circumstances outside of your control, contact a member of teaching staff as soon as possible before the assessment is due.

If your personal circumstances significantly affect your performance, or preparation, for an exam or eligible written test, refer to the University’s aegrotat or compassionate consideration page https://www.auckland.ac.nz/en/students/academic-information/exams-and-final-results/during-exams/aegrotat-and-compassionate-consideration.html.

This should be done as soon as possible and no later than seven days after the affected test or exam date.

Learning Continuity

In the event of an unexpected disruption, we undertake to maintain the continuity and standard of teaching and learning in all your courses throughout the year. If there are unexpected disruptions the University has contingency plans to ensure that access to your course continues and course assessment continues to meet the principles of the University’s assessment policy. Some adjustments may need to be made in emergencies. You will be kept fully informed by your course co-ordinator/director, and if disruption occurs you should refer to the university website for information about how to proceed.

Student Charter and Responsibilities

The Student Charter assumes and acknowledges that students are active participants in the learning process and that they have responsibilities to the institution and the international community of scholars. The University expects that students will act at all times in a way that demonstrates respect for the rights of other students and staff so that the learning environment is both safe and productive. For further information visit Student Charter https://www.auckland.ac.nz/en/students/forms-policies-and-guidelines/student-policies-and-guidelines/student-charter.html.


Elements of this outline may be subject to change. The latest information about the course will be available for enrolled students in Canvas.

In this course students may be asked to submit coursework assessments digitally. The University reserves the right to conduct scheduled tests and examinations for this course online or through the use of computers or other electronic devices. Where tests or examinations are conducted online remote invigilation arrangements may be used. In exceptional circumstances changes to elements of this course may be necessary at short notice. Students enrolled in this course will be informed of any such changes and the reasons for them, as soon as possible, through Canvas.

Published on 19/12/2022 11:37 a.m.