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BUS1002 : Global Business Environment

  • Offered for Year: 2024/25
  • Module Leader(s): Dr Xin Li
  • Lecturer: Dr Les Tickner, Dr Kristina Humonen, Dr Dimitry Jacob, Dr Sawlat Zaman
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus

Your programme is made up of credits, the total differs on programme to programme.

Semester 1 Credit Value: 20
ECTS Credits: 10.0
European Credit Transfer System


This module provides a comprehensive survey of the complex and dynamic international environment in which business organisations operate. Areas covered include:
•       locating globalisation and the internationalisation of business in a historical context
•       background to and reasons for today’s international regimes of global economic governance
•       overview of technological and social drivers of change in the global economy
•       development and regulation of global trade, investment and finance
•       changing role of the state within the global environment
•       trends in the internationalisation of business and in the evolving relationship between business and society
•       impact of emerging economies
•       introduction to relevance of business to major global societal challenges

Outline Of Syllabus

Five topics focusing on global political economy

1. Introduction to global political economy and history of economic globalization
2. International trade, regional trade agreements, and WTO
3. Global financial system and governance: IMF and World Bank
4. Different approaches to industrialization/economic development
5. The tension between the West and China: a new cold war?

Five topics focusing on macro issues concerning global economy

6. The rise of emerging economies /BRICS
7. Global value chain and the dominance of MNCs
8. The impact of digital technology on global economy
9. Climate change, oil industry and global energy revolution
10. Population, Urbanisation and Migration

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture201:0020:00PiP lectures (10 x 2-hour lectures in Semester 1)
Guided Independent StudyAssessment preparation and completion160:0060:00N/A
Guided Independent StudyDirected research and reading160:0060:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching51:005:00PiP seminars (5 x 1-hour seminars in Semester 1)
Scheduled Learning And Teaching ActivitiesDrop-in/surgery61:006:00Online Live [Teams or Zoom] (6 x 1-hour in Semester 1)
Guided Independent StudyIndependent study147:0047:00N/A
Scheduled Learning And Teaching ActivitiesModule talk21:002:00Online Live [Teams or Zoom] (2 x 1-hour half-semester module talk, summarizing the contents of each half semester).
Teaching Rationale And Relationship

This is an introductory survey class of a broad topic. As such it is best suited to the standard lecture format, However, because this module frequently addresses issues that are being played out in the world around us, activities during class will at times require students to work in ad-hoc groups in class to develop responses to topical issues through discussion of, for example, current media articles.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Other Assessment
Description Semester When Set Percentage Comment
Essay1M1002,000 words
Formative Assessments

Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.

Description Semester When Set Comment
Essay1MFormative assessment will be given as part of the seminar activities. 2000 words.
Assessment Rationale And Relationship

This module will be assessed with an written assignment (essay) which will allow us to assess the students’ breadth and depth of understanding of the key concepts, issues and challenges in the current global business environment context.

Reading Lists