The Global Perspectives in Commerce
Course description
The Global Perspectives in Commerce course, will give you a broad overview of the issues confronting businesses and economies from a national, regional and global viewpoint. It brings together the key areas of Accounting, Business/Management, Economics, Finance and Applied Statistics, allowing you to gain a deeper insight of these, apply your learning to problem solve, and a taste of the university context. You will gain a valuable understanding of the world of commerce in preparation for further study, as well as developing your skills to deal with the challenges that you may face in the future.
Firstly, the course will take the approach of examining global issues as a lens to demonstrate the concepts covered and will analyse the strategic decision-making of governments and individuals in response to a particular issue. Secondly, it looks at the accountability issues of government and corporations in society, in the context of sustainability and social justice. You will examine issues in corporate social responsibility, the social and environmental effects of a government’s and a corporation’s actions to stakeholders, including the financial impact on all sectors of the Australian and global economies. Gain a greater depth of understanding in the commerce field by studying Global Perspectives in Commerce.
This is Part B of a 2 part course.
Part B content covers - Business viability and sustainability
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
- Critically read and understand many newspaper and magazine articles covering current economic and financial events;
- Apply theoretical models and concepts to current management practices, problems and issues;
- Understand and evaluate the socio-economic context and roles of corporations;
- Recognise and explain the relevance of stakeholders in regulatory bodies and corporations and the concepts of corporate responsibility.
Indicative Assessment
- Test (10) [LO 1,2,3,4]
- Individual Portfolio of Tutorial Exercises (20) [LO 1,2,3,4]
- Group Inquiry: Costing and pitching a start-up to implement a solution to sustainability issue (20) [LO 1,2,3,4]
- Final Examination (50) [LO 1,2,3,4]
The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.
Workload
2 units of 55 hours (110 hours total)
Inherent Requirements
not applicable
Requisite and Incompatibility
Prescribed Texts
Recommended Text/s
AccountAbility. 2008. AA1000 AccountAbility Principles Standard (AA1000APS). AccountAbilty: New York.
Acemoglu, D., 2019. Microeconomics, Global Edition. 2nd ed. Pearson Australia.
Banerjee, S. B. 2007. Corporate social responsibility: The good, the bad and the ugly. Critical Sociology, 34 (1), 51-79.
Berenson, M., Levine, D., Szabat, K., Watson, J., Jayne, N. and O'Brien, M., 2019. Basic Business Statistics. 5th ed. Pearson Australia.
Berk, J. and DeMarzo, P., 2016. Corporate Finance. 4th ed. Pearson Education.
Bernanke, B., Olekalns, N., Frank, R., Antonovics, K. and Ori, H., 2019. Principles of Macroeconomics. 5th ed. Sydney: McGraw-Hill Education Australia.
Carroll, A. B. 1991. The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders. Business Horizons, July-August, 39-48.
Carroll, A. B. 1999. Corporate social responsibility, evolution of a definitional construct. Business and Society, September, 38 (3), 268-295.
Chen, S. & Bouvain, P. 2009. Is corporate responsibility converging? A comparison of corporate responsibility reporting in the USA, UK, Australia, and Germany. Journal of Business Ethics, 87, 299-317.
Deegan, C. 2008. Environmental costing in capital investment decisions: Electricity distributors and the choice of power poles. Australian Accounting Review, 18 (44), 2-15.
Doane, D. 2002. Market failure: The case for mandatory and environmental reporting. New Economics Foundation.
Global Reporting Initiative. 2016. GRI 101: Foundation. Global Reporting Initiative, Amsterdam.
Jones, G., George, J., Barrett, M. and Honig, B., 2016. Contemporary Management. 4th ed. North Ryde: McGraw-Hill Education.
Kinicki, A., Williams, B., Scott-Ladd, B. and Perry, M., 2015. Management: A Practical Solution. North Ryde: McGraw-Hill Education.
OECD Report. 1995, updated. Alternatives to traditional regulation.
Miller-Nobles, T., Mattison, B. and Matsumura, E., 2016. Horngren's Accounting. 8
Preliminary Reading
Journal Articles
Australian Journal of Management - https://journals.sagepub.com/home/aum
Accounting, Auditing & Accountability Journal - https://www.emerald.com/insight/publication/issn/0951-3574
International Journal of Management Reviews - https://onlinelibrary.wiley.com/journal/14682370
Journal of Business Ethics - https://www.springer.com/journal/10551
Journal of International Economics - https://www.journals.elsevier.com/journal-of-international-economics
The Economic Journal - https://academic.oup.com/ej
The Journal of Finance - https://onlinelibrary.wiley.com/journal/15406261
Web sites
AccountAbility - https://www.accountability.org/
Australian Accounting Standards Board (AASB) - https://www.aasb.gov.au/Home.aspx
Australian Competition and Consumer Commission (ACCC) - https://www.accc.gov.au/
Australian Securities & Investment Commission (ASIC) - https://asic.gov.au/
Centre for Evidence-Based Management (CEBMa) https://cebma.org/resources-and-tools/
Federal Register of Legislation - https://www.legislation.gov.au/
Reserve Bank of Australia (RBA) - https://www.rba.gov.au/
These were accurate at the time of publication.
Fees
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- 34
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
Where there is a unit range displayed for this course, not all unit options below may be available.
| Units | EFTSL |
|---|---|
| 6.00 | 0.12500 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
Autumn Session
| Class number | Class start date | Last day to enrol | Census date | Class end date | Mode Of Delivery | Class Summary |
|---|---|---|---|---|---|---|
| 3628 | 01 Feb 2021 | 03 Jun 2021 | 24 Jun 2021 | 12 Nov 2021 | In Person | N/A |
