Global economy and globalization

Global economy and globalization

Bachelor of Business Studies (BBS) — Second Year

Subject: Macroeconomics for Business (MGT 209)

Unit 9: Global Economy

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of global economy and globalization.
• Explain the economic model or issue, identify its assumptions and interpret the relevant diagrams, calculations or dated evidence.

Curriculum Scope

• Concept and current trends of the global economy
• Globalization: concepts, drivers, benefits and defects

Detailed Microsyllabus

1. Global economy

   1. International linkages in production, trade and finance.
   2. Identify current trends through dated official evidence.
   3. Channels affecting domestic business conditions.

2. Globalization

   1. Concept and drivers.
   2. Benefits from exchange, technology and market access.
   3. Risks involving exposure, unequal gains and adjustment costs.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 24-26.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Nepalese current-status discussions should identify the reporting period and use dated official publications, such as Nepal Rastra Bank reports, rather than undated figures.