HD and Dean's List Full Course Notes

Description

HD and Dean's List Extensive Complete Course Notes. Covering every topic and lecture for the whole term. Topics Covered: Week 1 (Introduction and Sustainability Lens): The four analytical lenses (socio-cultural, political-legal, economics, sustainability), four features of complexity (heterogeneity of dimensions, heterogeneity of macro-environments, levels of analysis, dynamic change), levels of analysis from individual to global, sustainability thinking (Wilcox), key principles of sustainability (Brundtland definition, intergenerational equity, precautionary principle, limits to growth), doughnut economics (Kate Raworth), circular economy, supply chain sustainability case studies (fast fashion, Apple iPhone, palm oil, tuna). Week 2 (Socio-Cultural Lens): Why culture matters for global business, definitions and characteristics of culture, Hofstede's five value dimensions (power distance, uncertainty avoidance, individualism vs collectivism, masculinity vs femininity, long vs short-term orientation), collectivist vs individualist workplaces, GLOBE study (nine dimensions), World Values Survey (traditional vs secular-rational, survival vs self-expression), ethnocentrism and the self-reference criterion, dealing with cultural diversity at the organisational and individual levels, patterns of cultural change. Week 3 (Political-Legal Lens I): The nation-state system, sovereignty, the role of government, political systems (democracy vs authoritarianism, Economist Intelligence Unit Democracy Index), political risk (Rice and Zegart definition, political actors), state capacity and fragile states, meritocratic bureaucracy and economic development, corruption (Transparency International definition, cultural complexity), Australian legal framework on bribery (Criminal Code Act 1995), gifts and hospitality, extraterritoriality (US FCPA, UK Bribery Act). Week 4 (Economics Lens I, International Trade and Globalisation): Brief history of globalisation, why countries trade, absolute vs comparative advantage, opportunity cost, misconceptions about comparative advantage, sources of comparative advantage (natural resources, technology, factor endowments), internal and external economies of scale, industrial clustering (Silicon Valley, Hollywood, Bangalore), benefits of international trade (six gains), costs of international trade, empirical evidence (Vietnam rice liberalisation and child labour, Canada-US Auto Pact, India tariff reduction, China-US trade and labour markets, Autor Dorn Hanson 2013). Week 5 (Political-Legal Lens II): The legal environment of business, the rule of law (World Justice Project), legal systems (common law, civil law, theocratic and customary law), key differences between common law and civil law (IP ownership, contract specificity, force majeure, court's role), competition law (Competition and Consumer Act 2010, ACCC, Flight Centre v ACCC), consumer protection law (Australian Consumer Law, misleading conduct, unconscionable conduct, consumer guarantees, Toyota case), employee protection law (Fair Work Act 2009, Modern Slavery Act 2018, whistleblower protections), intellectual property in global business (patents, copyright, trade marks), international law and global business, the WTO (GATT, GATS, TRIPS), types of legal risk in global business. Week 7 (Economics Lens II, Long-Run Growth, Inequality, and Structural Change): Why macroeconomics matters for business, GDP and its three measurement approaches, GDP per capita and its limitations, the power of compound growth, the Malthusian trap, the Solow-Swan aggregate production function (Y = A x K^a x (h x L)^(1-a)), development accounting (capital intensity, human capital, productivity), technological progress as the engine of growth, Paul Romer and endogenous growth theory, catch-up growth (South Korea, China), policy lessons for growth (property rights, government stability, regulation, IP laws, R and D subsidies), global inequality within and between countries, economic growth and the environment, William Nordhaus and carbon pricing, social cost of carbon. Week 8 (Economics Lens III, Short-Run Fluctuations and Policy Responses): Short-run vs long-run economics, classical vs Keynesian schools of thought, the Keynesian model (GDP identity, consumption function, marginal propensity to consume), the expenditure multiplier (Multiplier = 1 divided by (1 minus MPC)), consumption smoothing and the permanent income hypothesis, hand-to-mouth households (Kaplan and Weidner 2014), fiscal policy (automatic stabilisers, discretionary policy), historical fiscal stimulus examples (Great Depression, COVID-19 JobKeeper), problems with fiscal policy (time lags, funding constraints), money and its functions, commodity vs fiat money, Australian money supply measures (M1, M3), quantity theory of money (MV = PY), costs of expected and unexpected inflation, the Phillips curve and stagflation, the Reserve Bank of Australia and its mandate (Reserve Bank Act 1959), the cash rate and open market operations, six channels of monetary policy transmission, the Fisher equation (real vs nominal interest rates), the zero lower bound, why macroeconomic policy is difficult. Week 9 (Sustainability Lens II, Systems Thinking and the SDGs): Systems thinking (Meadows, Sterman, Senge), event-oriented vs feedback world views, the Cobra Effect as an example of unintended consequences, planetary boundaries and elements of environmental sustainability (climate change, biodiversity loss, ocean acidification, nitrogen cycle, land use change), chocolate supply chain case study (child labour in West African cocoa, analysed across all four lenses), UN SDGs as instruments of change (equitable progress, normative values, SDG 17 partnerships), business's role in the SDGs, alternatives to GDP (Genuine Progress Indicator, Social Progress Index, Human Development Index), instruments for sustainability in business (CSR, shareholder activism, carbon pricing, legislation, supply chain transparency), supply chain transparency and the SDGs, Woolworths Sustainability Development Plan 2025 case study.