MGT503 The Social and Economic Environment (8)


The subject introduces students to a detailed and at times theoretical analysis necessary for understanding Australia's place in the global economy. Areas of coverage include the international economic forces afoot in the global economy and the implications for a small, open economy; and how these economic forces impact on social, economic and business enterprises generally. Contemporary issues will be examined to provide a depth of knowledge relating to the manager’s role in business economics and economic forces in globalised organisations.

+ Subject Availability Modes and Location

Session 2
DistanceWagga Wagga Campus
Continuing students should consult the SAL for current offering details: MGT503
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject information

Duration Grading System School:
One sessionHD/FLSchool of Accounting and Finance

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to assess how developments at local, regional, national and international level can impact upon the activities of their organisation;
  • be able to evaluate the impact that social, economic, and political factors have on the activities of organisations in the era of globalisation;
  • be able to discuss Australia's economic transformation and greater integration into the Asia Pacific business region;
  • be able to critically evaluate the significance of changes taking place in the context of global business environment within which the organisation operates;
  • be able to identify, analyse and investigate the key contemporary issues impacting on the performance of organisations in the era of globalisation.


The subject will cover the following topics:
  • An overview of globalisation;
  • Globalisation, global strategy and the Australian experience with international competitiveness;
  • Globalisation and international resource movements: Capital and labour;
  • The social and environmental impact of globalisation;
  • Regional integration, dynamics of the Asia-Pacific business environment and its consequences for Australia;
  • Corporate culture, globalisation and development in labour market.


The information contained in the 2016 CSU Handbook was accurate at the date of publication: 06 September 2016. The University reserves the right to vary the information at any time without notice.