SHE Level 5
SCQF Credit Points 30.00
ECTS Credit Points 15.00
Module Code MML221695
Module Leader n/a
School Glasgow School for Business and Society
Subject Management
  • A (September start)
  • B (January start)

Summary of Content

The module has two cross-cutting themes: ethics and international political-economic cultural perspectives. The module leads students to ascertain the complex entrenchment of ethical business and political-cultural diversities as two sides of the same coin. Being aware of what an ethical behaviour implies becomes both more challenging and more relevant when a business operates across cultures or countries. Hence, the module shall provide prospective leaders of global business essential knowledge cutting across economy, law and politics that is necessary for successfully operating internationally. It also provides knowledge of underpinning beliefs and values that have shaped capitalism and world economy across the last decades and that have led to the creation of the current international political-economic ruling regimes. The module's themes run through components: global political economy, international law, markets and economic behavior, international capital markets.


The module, shall be developed along a four intertwined section approach: a) global political environment : institutional developments having affected nation states' sovereignty since the second world war (e.g. Bretton Woods, the IMF, the World Bank but also the EU); from government to (multi-level) governance; public administration reforms (e.g. new public management), and more in general, differences in the relationship between state and society, in particular reference to public services (e.g. co-production, co-governance, and co-management); b) international law : regulation of state action impacting on global business (European Union: treaties, institution, freedom of movement of goods, people, services, and capital, competition and non-discrimination law, courts); but also regulation of private aspects of global business (international contracts, export trade: special trade terms, responsibilities of the parties, letters of credit, carriage of goods); c) markets and economic behavior : demand, supply and the allocation of resources --social benefits, social costs & welfare maximisation, market failure-- behaviour of consumers|workers and firms; Determination of National Income, aggregate demand and employment, inflation, money markets, policy implications; International Trade, equal weighting of payments, rates, global financial flows; d) international capital markets : the role of the financial markets; the flow of cash between markets and firm; the international debt markets and their value measurement; management of risk in the context of international markets.

Learning Outcomes

On completion of the module, the students should be able to:Demonstrate a substantive working knowledge of: -general economic theory and principles and their relevance for management decision making; -financial markets function; -issues of risk via the context of international markets; -ethical principles, legal|political frameworks of international economy and business.Critically appraise the diversity of economic, legal and cultural contexts of which firms or organisation operate.Show flexible, problem-solving mind, capable of facing the challenges emanating from a business operating across national contexts.Strengthen creativity by dealing with issues and problems of cultural, legal, economic and political diversity.

Teaching / Learning Strategy

The module content is taught in two of four-hour blocks over the Trimester. The duration of each block permits the class to consist of lecturer-led teaching material, student led-discussion and investigative analysis. Theoretical concepts shall be developed and taught through formal lectures, seminars and through directed learning. Lectures shall be used to introduce key theoretical principles, practices and techniques pertaining to the key topics of international law, international capital markets, global political economy and business-societal sustainability. Concepts shall be analysed to greater detail through a series of student-centred and practical learning including case studies, scenario-based teaching, problem solving exercises, group work and guest speakers. Integration of learning will occur through use of integrative management simulation case study over second half of the semester. Student learning experience shall be enriched by inviting experts to lecture on specific areas of the syllabus. The learning environment will be carefully managed to enhance students' academic learning experience, to develop independent learning and to develop transferable abilities. The learning and teaching strategy will draw upon web based technologies to create an innovative and independent learning environment and directed study activities shall be supported by the VLE. The assessment strategy is founded upon a feed-forward and feed-back approach. Assessment consists of: one test, consisting of multiple-choice questions, to test the acquisition|understanding of the basic inter-disciplinary building blocks ; an integrative case study; and a final exam that has discipline specific sub-elements.

Indicative Reading

Due to the integrative nature of the module, there is no core text. Essential reading gives a selection of core texts in all four areas. In addition, reading will be recommended by lecturers from the texts listed below and also from journal articles. Students also are expected to commence their own literature search relating to their assessments. Essential Reading -360 Bovaird, T. and Loffler (eds) (2009) Public Management and Governance , London: Routledge (2 nd edition) Cassese, A. (2004) International Law , Oxford: Oxford University Press (2 nd edition) -360 Heywood, A. (2011) Global Politics, Houndmills, Basingstoke: Palgrave Mcmillan -360 Osborne, S.P. and Brown, K. (2005) Managing Change and Innovation in Public Service Organisations, London: Routledge Sloman, J, (2011) Economics & the Business Environment , 3rd Edition, Prentice Hall Recommended Reading Carr, I. International Trade Law (2010), London: Routledge-Cavendish, (4 th edition) Christensen, T. and Laegreid (2007) Transcending New Public Management: The Transformation of Public Sector Reforms, London: Ashgate Griffiths A and Wall S (2007), Applied Economics, 11 th Edition, Pearson Heather, K, (2004), Economics: Theory in Action , 4th Edition, Pearson Education Kendall, J (2009) "Terra incognita: third sectors and European policy process" in J.Kendall (ed) Handbook on Third Sector Policy in Europe, Cheltenham: E Elgar, pp3-20 Mulhearn, C and Vane, H, (2012) Economics for Business , 2 nd Edition, Palgrave Macmillan Osborne, S.P. (ed) (2009) The New Public Governance, London: Routledge Politt, C and Bouckart, G (2009) Continuity and Change in Public Policy and Management, Cheltenham: E Elgar Sloman, J, (2009), Economics , 7th Edition, Prentice Hall Steiner, J and Woods, L (2009) EU Law, Oxford: Oxford University Press (10 th edition) Websites,30070682,1090_33076576&_dad=portal&_schema=PORTAL

Transferrable Skills

Critical thought and analytical talents via the context of international management and decision making; Group work, negotiation, problem solving and diagnostic abilities through the management simulation case study Independent learning and reflective learning Independent working competence including information retrieval and research, listening and discussion, and oral presentation Planning, monitoring and evaluating own learning and development

Module Structure

Activity Total Hours
Assessment (FT) 86.00
Independent Learning (FT) 142.00
Seminars (FT) 36.00
Seminars (PT) 36.00
Lectures (FT) 36.00
Independent Learning (PT) 142.00
Lectures (PT) 36.00
Assessment (PT) 86.00

Assessment Methods

Component Duration Weighting Threshold Description
Exam (Exams Office) 3.00 40.00 45% Final Exam
Coursework 2 n/a 40.00 45% Integrative Case Study
Coursework 1 n/a 20.00 45% Multiple Choice Test