Associate Degree in International Business Management

Course Location and Contact Information

Course Description

NMIT's Associate Degree in International Business Management is designed to provide both academic knowledge and high level vocational skills to meet the needs of both local and multinational organisations and the broader business community. The Associate Degree in International Business Management was developed in consultation with industry, government agencies, professional bodies and universities to meet the growing demand for graduates skilled in international business and management. This qualification can also be used as a pathway for further education and training at undergraduate or postgraduate levels.

The Associate Degree in International Business Management will provide participants with knowledge and skills in a number of areas relevant to all businesses. The course includes the study of general business topics such as law, economics, accounting and finance, statistics, marketing and management, as well as specialist topics in the areas of cross cultural communication, international marketing and management, organisational behaviour, risk management, corporate governance, change management and human resource management. Professional practice is included in the course to meet the demands of employers for graduates who have relevant work experience and who are therefore 'work ready'.

Career Opportunities

Vocational outcomes for graduates include human resource and personnel management, supervision, operations management, general business and marketing management.

Course Duration

Full-time: Two years or part-time equivalent (see Higher Education Academic Calendar for commencement dates).

Entrance Requirements

• Year 12 VCE or equivalent with English, or
• TAFE Diploma course in marketing, international business, management, human resources management or equivalent, or
• Relevant industry experience.

Application Procedures

Domestic Students -

Apply through VTAC

Contact the Commerce Department for further information, email:  commerce@nmit.vic.edu.au

International Students -

Apply through NMIT's International Office, email: international@nmit.vic.edu.au

Skills Recognition - Exemptions/Transfers

Recognition of Current Competencies (RCC) may be available based on skills and knowledge already acquired by the applicant through previous study or equivalent studies of a similar standard at another institution or from various work and life skills.

Pathways to Further Study

Students who successfully complete the Associate Degree in International Business Management may be granted up to 16 subjects credit in a number of business bachelor degrees, e.g. Bachelor of International Business or the Bachelor of Business (majoring in management, marketing or HRM), with NMIT's partner universities or other institutes.

The course enables students to maximise their learning and career opportunities by initially gaining a two year higher education qualification and then articulating to a bachelor or higher degree at a later stage.

Tuition Fees

Year 1 - AU$12,000
Year 2 - AU$12,000

Above tuition fees are for full-time study. Part-time fees per year depend on subjects chosen. No amenities fees are charged for any higher education courses.

Part-time study is available for domestic students only.

FEE-HELP is available for eligible students enrolled in this course.

Course Outline

Year 1, Semester 1

ADIBM101 Introduction to Business Law (Core)
(55 total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

The purpose of this subject is to provide an overview of the Australian legal and judicial system in Australia. This subject includes an analysis of the Australian Constitution and legal system and laws applying to contracts, torts and the information economy.

ADIBM102 Management Principles (Core)
(55 total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

The purpose of this subject is to provide an introduction to the concepts, principles and theories of contemporary management practice. The subject examines management theories applicable to a variety of organisational structures. These organisations may include commercial enterprises, government departments, political parties, educational institutions and so on. The role of the manager in areas such as leadership, motivation, networking, entrepreneurship and managing in a diverse environment is also examined.

ADIBM103 Information Management (Core)
(55 total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

The purpose of this subject is to provide an overview of information and knowledge management systems appropriate for a small to medium sized enterprise. The student will develop knowledge and skills to identify, recommend and apply appropriate strategies to access, evaluate, manage, store and disseminate data, information and knowledge.

This subject will also provide the student with knowledge and skills to efficiently undertake secondary research. These skills are used throughout the course and as such are an important aspect of the student's learning in this subject.

ADIBM104 Statistics and Forecasting Methodologies (Core)
(57 total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

The purpose of this subject is to provide the student with the fundamental knowledge of business mathematics, forecasting methodologies and statistics required in business, economics, accounting, finance, international trade, marketing and management. The subject will provide the student with the knowledge and skills to use statistics, ratio analysis, finance and other mathematical tools to analyse and solve a variety of business and economic problems.

The student will also acquire knowledge and skills in the use of computer software applications such as spreadsheets and statistical packages.

An emphasis will be placed on decision making and problem solving using relevant business examples. The use of empirical data will provide the student with the opportunity to understand contemporary analytical methodologies in areas such as market research, company performance and stock market analysis.

Year 1, Semester 2

ADIBM105 Marketing Principles (Core)
(57 Total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

The purpose of this subject is to provide an overview of the concepts, philosophy and practice of marketing.

ADIBM106 Business Environment - Asia (Core)
(55 total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

This subject will provide the student with knowledge of the business environment, management and marketing practices of countries within the Asian region.

Understanding the differences, similarities and specific characteristics that exist within and between countries is key to the effective development and implementation of international business strategies.

ADIBM107 Microeconomics (Core)
(57 total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

The purpose of this subject is to develop knowledge of microeconomic theories, models and policies. The subject will include an examination of microeconomic theories such as supply and demand, elasticity, production and consumer choice and microeconomic models such as perfect competition, monopolies, monopolistic competition and oligopolies. Economic policies such as market regulation and economic reform are comprehensively discussed. The student will acquire knowledge and skills to measure and analyse microeconomic factors and analyse their impact on the local economy.

ADIBM108 Accounting for Managers (Core)
(57 total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

The purpose of this subject is to introduce the student to the concepts of accounting and management decision making. The subject will develop knowledge of the accounting regulatory bodies, accounting standards, regulations and legislative framework that operates in the accounting industry in Australia. This subject provides the student with knowledge and skills to apply basic accounting theory and decision-making in a business context.

The subject provides the student with knowledge and skills to interpret income statements and balance sheets for a variety of business types. Other reports such as the statement of owner's equity, statement of changes to equity, statement of cash flows and the underlying assumptions of accounting reports will also be covered to provide the student with an understanding of the reporting requirements needed to make effective management decisions.

The student will develop knowledge of business analysis, financial planning, business mathematics, performance management and costing principles so as to make effective short and long-term planning and management decisions.

The student will also gain knowledge in taxation and other legislative requirements relevant to this level of study.

Year 2, Semester 1

ADIBM200 Professional Practice (Core)
(85 total contact hours [including a minimum of 80 hours work placement])
(EFTSL value 0.06)
(Tuition Fee $720)

The purpose of the Professional Practice is to apply knowledge and skills acquired in lectures, tutorials and research in practical placement.

Professional Practice is designed to achieve three objectives. The first is to provide a practical context to apply the theory gained during the lectures, tutorials and research. The second objective is to provide the student with an opportunity to compare and evaluate the knowledge gained in the first year of studies with what is actually taking place in practice. The third objective is to provide the student with the opportunity to develop workplace skills and experience that are important when seeking employment.

ADIBM201 Macroeconomics (Core)
(55 total contact hours)
(EFTSL value 0.11)
(Tuition Fee $1,320)

The purpose of this subject is to examine macroeconomic theories, models and policies. Macroeconomics builds on the knowledge and skills developed in Microeconomics. Economic factors such as aggregate income, unemployment, inflation, the balance of payments, exchange rates, money, and macroeconomic policy are comprehensively analysed. The student will develop knowledge and skills to critically analyse economic policies and their affect on the private and public sectors. The subject will also examine a range of global economic factors that have an impact on the local national economy.

ADIBM202 Risk Management and Corporate Governance (Core)
(55 total contact hours)
(EFTSL value 0.11)
(Tuition Fee $1,320)

The purpose of this subject is to provide the student with knowledge and philosophy of risk management and corporate governance. The knowledge and skills gained can be applied to all levels of management and types of businesses.

The study of risk management is initially undertaken from a generalist perspective, where the theory and underpinning knowledge and principles are discussed. A specific focus will then be applied to the financial services sector especially in reference to ASX Corporate Governance Council Principle 7 "Recognise and manage risk".

Risk analysis and evaluation using quantitative and qualitative methodologies are thoroughly discussed to ensure that students are able to look at risk assessment from a technical perspective.

ADIBM203 International Marketing and Management (Core)
(55 total contact hours)
(EFTSL value 0.11)
(Tuition Fee $1,320)

The purpose of this subject is to provide the student with the knowledge and skills to identify, research, market and manage international trade and investment opportunities.

ADIBM204 Organisational Behaviour (Core)
(57 total contact hours)
(EFTSL value 0.11)
(Tuition Fee $1,320)

The purpose of this subject is to provide the student with knowledge of the theory, models, principles and applications of organisational behaviour. Topics such as understanding diversity, leadership, motivation, change management, decision making, negotiation, communication, conflict resolution, power and politics will provide the student with knowledge and skills to understand and critically analyse the interactions between people in organisations.

The student will apply the knowledge and skills gained in this subject to develop management strategies appropriate to meet the needs of organisations and individuals in a variety of business contexts.

Year 2, Semester 2

ADIBM205 Business Environment - European Union (Elective)
(55 total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

The purpose of this subject is to provide an overview of the European business environment with a specific focus on the European Union (EU) and selected member countries.

The subject will include an analysis of the cultural, political, legal and economic systems; management, marketing and business practices; environmental and social issues; international agreements and relationships of selected EU member countries.

or

ADIBM206 Financial Management (Elective)
(55 total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

The purpose of this subject is to examine financial management theories, principles and their application in a business context. The student will develop the capacity to identify, evaluate and propose strategies that will allow organisations to comply with relevant legislative and accounting frameworks while also maximising returns on investment for the organisation's shareholders.

ADIBM207 Change Management (Core)
(55 total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

The purpose of this subject is to provide an overview of the theories, principles and applications of change management. Change is an inevitable and critical aspect of business and yet it is often unplanned and poorly managed. Change Management will provide the student with knowledge of the drivers of change and the knowledge and skills to plan, monitor and manage change in organisations. From anticipating change and identifying change triggers; communicating the reasons for change and change strategies to stakeholders; overcoming resistance to change; and enabling change agents, the student will develop skills to implement change management strategies in a variety of business and organisational contexts.

ADIBM208 International Human Resourse Management (Core)
(55 total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

The purpose of this subject is to provide the student with knowledge of the theory, application and practice of international human resource management. The student will build upon knowledge gained in previous management subjects such as Management Principles and Organisational Behaviour, with a focus on human resource management in an international arena.

An introduction to human resource management (HRM) from a domestic perspective will provide the student with an understanding of the theory and practice of HRM, especially the interactions between the external environment, organisations and the individual. The student will then examine the strategic issues and implications of human resource management from an international perspective; identifying and critically analysing key strategic and cross-cultural issues that impact organisations.

The student will apply the knowledge gained in this subject to develop a HRM strategy appropriate to the needs of an organisation wishing to develop their international operations.

ADIBM209 Contemporary Issues in International Business Management (Core)
(52 total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

The purpose of this subject is to examine contemporary and emerging issues in management, business, international business and trade both nationally and internationally.

This examination will include, but is not limited to issues concerning management, human-resourse management, change management, restructuring, risk and corporate governance, globalisation, free-trade agreements and regional and global-trade policies, economic policies, the impact on society and culture and so on.

The subject will provide the student with the opportunity to critically analyse and discuss the role of management policies and straregies on society.

Assessment Methods

The method of assessment may include a combination of examinations, assignments, tests, group and individual reports and projects, essays, practical tasks, literature reviews, journals, presentations, interviews, case studies and class participation.

Materials

Students will be required to purchase prescribed textbooks and other materials as detailed in the Associate Degree in International Business booklist. The class teacher, as required, will provide additional resources once the course commences.

Qualification

As part of the Australian Qualifications Framework this course is nationally recognised.  On successful completion students will be awarded the Associate Degree in International Business.

Links

Information for Students

Academic Calendar (including Census dates)
Contact Facality of Business - Higher Education
FEE-HELP
Higher Education Application Procedure
Information Sessions
Rules/Regulations
Student Services

Higher Education at NMIT

Meet the Staff
Higher Education Governance
NMIT Organisation Structure

Associate Degrees Podcast

The Victorian Government makes a significant contribution to these programs.