Study Guide

Objective

After the course, the student should be able to navigate in a ever changing world and to make own reasoned judgments about what is going on on the global arena. the students will get an insight in thew complexity of world trade and the multiple dependencies in that. The aim is also to awaken the student's curiosity and interest in taking advantage of the opportunities that globalization entails.

Content

Globalization as a phenomenon, its impact on the business conditions of a local or national company and the work of the engineer. Changed roles of global corporations and national states in the international community. Production, and marketing in a global company. Individual opportunities in a global economy. To lead with a global mindset. Personal networks, companies in networks, interest organizations and other networks. Responsibilities in a global economy. Leadership's changing work environment, distance teams, global teams and company acquisitions. Macro-economy's basic concept and central theories.

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

The student
- can describe the content and task of the macro economy.
- can describe what is meant by globalization.
- Understands that economic conditions affect business and individuals.
- also understands that business cycles are governed by global events.
- can participate in a discussion on macroeconomics and understand the importance of professional networks.

Assessment criteria, good (3)

the student
- can describe how the economic development of the public sector and the private sector are intertwined.
- can also describe something about how globalization affects the local community
- Understands the need for adaptation to business cycles and that globalization may require new business models
- can describe the different players' roles in the global, national and local economy.

Assessment criteria, excellent (5)

the student
- can explain and argue for different macroeconomic options.
- can describe how companies can utilize fluctuations in the economy and the opportunities a global market can provide.
- can describe and explain the most important macroeconomic concepts. Can also argue for what a chosen position can mean regarding globalization.

Qualifications

Pass grade in Basic business economy, at least 3 credits, Marketing, at least 3 credits and Export marketing, at least 3 credits.