MMM143: International Business and the World Economy

Module code: MMM143

Module provider: International Business and Strategy; Henley Business School

Credits: 20

Level: 7

When you'll be taught: Semester 1

Module convenor: Dr Katiuscia Lavoratori, email: k.lavoratori2@henley.ac.uk

Pre-requisite module(s):

Co-requisite module(s):

Pre-requisite or Co-requisite module(s):

Module(s) excluded:

Placement information: NA

Academic year: 2024/5

Available to visiting students: No

Talis reading list: Yes

Last updated: 19 November 2024

Overview

Module aims and purpose

This module focuses on issues relating to the role of international business activities in the world economy. It will review the economic theory and the empirical evidence relating to the firms' decision to engage in international business activity, including the choice to become exporters, multinational enterprises and engage in Global Value Chains. Finally, the module will address the economic effects of trade restrictions.

Module learning outcomes

By the end of the module, it is expected that students will be able to:

1. Understand the economic rationales of different international business activities 
2. Appreciate the costs and benefits of different types of business activities on countries and firms 
3. Develop the ability to collect, analyse and interpret economic data 

Module content

1. The world economy and international business activity: facts and measures 
2. Comparative advantages and international trade 
3. Firms in international trade 
4. The costs of international business activities 
5. The role of distance in international business 
6. The economic effects of trade restrictions

Structure

Teaching and learning methods

The MMM143 module will combine several methods and activities to stimulate learning. In particular:

• in-person lectures, where interaction will be encouraged
• tutorials with a more practical element, geared towards acquiring the tools and skills to analyse data on firms and countries in the global economy

Study hours

At least 28 hours of scheduled teaching and learning activities will be delivered in person, with the remaining hours for scheduled and self-scheduled teaching and learning activities delivered either in person or online. You will receive further details about how these hours will be delivered before the start of the module.

Please note the independent study hours above are notional numbers of hours; each student will approach studying in different ways. We would advise you to reflect on your learning and the number of hours you are allocating to these tasks.

Semester 1 The hours in this column may include hours during the Christmas holiday period.

Semester 2 The hours in this column may include hours during the Easter holiday period.

Summer The hours in this column will take place during the summer holidays and may be at the start and/or end of the module.

Assessment

Requirements for a pass

Students need to achieve an overall module mark of 50% to pass this module.

Summative assessment

Penalties for late submission of summative assessment

The Support Centres will apply the following penalties for work submitted late:

Assessments with numerical marks

• where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of three working days;
• the mark awarded due to the imposition of the penalty shall not fall below the threshold pass mark, namely 40% in the case of modules at Levels 4-6 (i.e. undergraduate modules for Parts 1-3) and 50% in the case of Level 7 modules offered as part of an Integrated Masters or taught postgraduate degree programme;
• where the piece of work is awarded a mark below the threshold pass mark prior to any penalty being imposed, and is submitted up to three working days after the original deadline (or any formally agreed extension to the deadline), no penalty shall be imposed;
• where the piece of work is submitted more than three working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

Assessments marked Pass/Fail

• where the piece of work is submitted within three working days of the deadline (or any formally agreed extension of the deadline): no penalty will be applied;
• where the piece of work is submitted more than three working days after the original deadline (or any formally agreed extension of the deadline): a grade of Fail will be awarded.

The University policy statement on penalties for late submission can be found at: /cqsd/-/media/project/functions/cqsd/documents/qap/penaltiesforlatesubmission.pdf

You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Formative assessment

Formative assessment is any task or activity which creates feedback (or feedforward) for you about your learning, but which does not contribute towards your overall module mark.

Weekly practice tests will be made available on Blackboard. The submission of a practice test is optional. Upon submission, formative feedback will be provided. 

Reassessment

Additional costs