SHE Level 5
SCQF Credit Points 15.00
ECTS Credit Points 7.50
Module Code MMN226164
Module Leader Alec Wersun
School GCU London
Subject GCU London
  • A (September start)
  • B (January start)
  • C (May 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 behaviour and are underpinned by the United Nations Sustainability Goals and United Nations PRME (Principles for Responsible Management Education).


-360 - 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); - 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); - markets and economic behaviour : 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;

Learning Outcomes

Upon successful completion of this module, students should be able to:-1. Demonstrate a substantive working knowledge of general economic, political and legal theory and principles and their relevance for responsible management. EX12. Critically appraise the diversity of economic, legal and cultural contexts in which firms or organisations operate. EX13. Show a flexible, problem-solving mind, capable of addressing emanating local and global challenges in creative/ novel ways. CW1

Teaching / Learning Strategy

Theoretical concepts shall be developed and taught through formal lectures, seminars and through online 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 acting locally on global issues through initiating/ participating in a local action campaign. 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 a presentation that is based on participating in a local action campaign addressing a global issue to demonstrate impact of local action and two of an essay discussing a contemporary challenge relating to the UN Sustainability Goals that is relevant to the student's context and/or relevant to the chosen pathway specialisation.

Indicative Reading

Core text BOVAIRD, T. & LOFER, E., ed., 2015. Public management and governance . 3 rd ed., Abingdon: Routledge. CASSESSE, A., 2004. International law . 2 nd ed., Oxford: Oxford University Press. HEYWOOD, A., Global politics . 3 rd ed., Basingstoke: Palgrave Macmillan. OSBORNE, S.P. & BROWN, K., 2005. Managing change and innovation in public service organisations. Abingdon: Routledge. SLOMAN, J. & JONES, E., 2017. Economics and the business environment. 5 th ed., Harlow: Pearson Education Ltd. Recommended Reading CARR, I., 2017. International trade law , 6 th ed. Abingdon: Routledge. CHRISTENSEN, T. & LAEGREID, P. 2007. Transcending new public management: the transformation of public sector reforms . Abingdon: Ashgate. GRIFFITHS, A. & WALL, S., 2012. Applied economics . 12 th ed. Harlow: Pearson. HEATHER, K., 2004. Economics: theory in action. Harlow: Pearson Education. KENDALL, J., 2009. Terra incognita: third sectors and European policy process in KENDALL, J., ed. Handbook on third sector policy in Europe multi-level processes and organized civil society . Cheltenham: E Elgar, pp. 3-20. MULHEARN, C. & VANE, H., 2016. 3 rd ed. Economics for business . London: Palgrave Macmillan. OSBORNE, S.P., ed., 2010. The new public governance . Abingdon: Routledge. POLIT, C. & BOUCKART, G., 2009. Continuity and change in public policy and management . Cheltenham: E Elgar. SLOMAN, J., 2018. Economics, 10 th ed. Harlow: Pearson Education Limited. Websites <> <> <,30070682,1090_33076576&_dad=portal&_schema=PORTAL> <> <> <> <> <> <>

Transferrable Skills

-360b7 Critical thought and analytical talents via the context of international management and decision making; b7 Group work, negotiation, problem solving and diagnostic abilities through the management simulation case study b7 Independent learning and reflective learning b7 Independent working competence including information retrieval and research, listening and discussion, and oral presentation b7 Planning, monitoring and evaluating own learning and development

Module Structure

Activity Total Hours
Independent Learning (PT) 86.00
Lectures (PT) 24.00
Assessment (PT) 40.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 50.00 45% Presentation and reflection on initiating a local action campaign addressing a global challenge
Exam 01 2.00 50.00 45% Seen Essay Question - discussion of contemporary global challenge