Course Location and Contact Information

Course Description

NMIT's Associate Degree in International Business 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 was developed in consultation with industry, government agencies, professional bodies and universities to meet the growing demand for graduates skilled in international business and trade. The qualification can also be used as a pathway for further education and training at undergraduate or postgraduate levels.

The Associate Degree in International Business 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, e-business, marketing and management, as well as specialist topics in the areas of international business and trade, cross cultural communication, international business law, supply chain management, and international trade conventions and agreements. 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 import and export facilitation and management, international trade development, transport and logistics management, trade brokerage, product management and international 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 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.

Contact NMIT for further information regarding articulation pathways with our partner universities.

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

ADIB101 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 the laws applying to contracts, torts and the information economy.

The student will demonstrate knowledge of law developed in this subject by identifying, analysing and discussing the statutory obligations of different types of business structures such as a sole traders, partnerships or companies. The use of case law, relevant legislation and statutes will allow students to develop knowledge and skills in evaluating and identifying core issues in a range of business contexts especially from an accounting perspective. The student will also demonstrate knowledge through the appropriate use of the language and processes of law.

ADIB102 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.

Managers work in a changing corporate environment and topics such as risk management, change management and managing in a knowledge economy are analysed and discussed. The manager's role in creating and adding value in the corporate environment is emphasised throughout the subject.

ADIB103 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.

The use of the internet and technology such as office software, web browsers and email applications are an integral part of this subject. This subject will provide the student with the knowledge and skills to efficiently use information and communication technology and to produce complex business documents and develop and present electronic presentations.

ADIB104 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.

Year 1, Semester 2

ADIB105 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.

ADIB106 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.

The subject will include an analysis of the cultural, political, legal and economic systems, business practices and international agreements and relationships of selected countries within the Asian region. The student will also develop knowledge and skills in international and cross-cultural business negotiations.

ADIB107 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 Australian economy.

ADIB108 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.

An introduction to finance, capital and investment theory will provide the student with a grounding for further studies in international investment strategy in the second year of the course.

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

ADIB200 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 their 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.

ADIB201 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 Australian 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 Australian economy.

ADIB202 International Business (Core)
(55 total contact hours)
(EFTSL value 0.11)
(Tuition Fee $1,320)

The purpose of this subject is to provide an introduction to the concepts, theory, philosophy and practice of international business, trade and investment.

The student will gain knowledge of both early and contemporary trade patterns and agreements, international trade and investment theories and strategies and international trade institutions and conventions.

ADIB203 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.

ADIB204 International Business Law (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 law that applies to international trade specifically international contracts, the international carriage of goods, financing and investment and conflict resolution of commercial contracts. The student will develop knowledge of international conventions and treaties, harmonization of law between jurisdictions, international and regional trade agreements, and the impact of organisations such as the World Trade Organisation. Contemporary issues such as e-commerce, technology, intellectual property and counter terrorism will also be discussed.

ADIB205 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.

The student will also develop knowledge and skills in international and cross-cultural business negotiations relevant to the region.

or

ADIB206 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.

Knowledge of internal control systems, risk management, funding models, investment options and performance analysis procedures and methodologies will provide the student with the theoretical knowledge that is necessary to exhibit due diligence and corporate accountability.

ADIB207 Supply Chain Management and e-Business (Core)
(55 total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

The purpose of this subject is to provide knowledge of the concepts, principles and theory of supply chain management and logistics. The student will also gain knowledge of relevant e-Business and other emerging technologies as they apply to supply chain management strategies and practice.

Supply chain management provides businesses with cost effective and profitable strategies to ensure accurate demand forecasting; coordination of materials procurement, transport, materials handling, logistics and warehousing; management of the distribution chain; value adding; performance measurement; and customer satisfaction.

The student will apply this knowledge to research and develop supply chain management and e-Business strategies that will meet the needs of SME's wishing to market their products to wholesalers, retailers and / or end users and develop efficient materials handling, transport, logistics and procurement processes.

ADIB208 International Trade Agreements, Legislation and Compliance (Core)
(57 total contact hours)
(EFTSL value 0.125)
(Tuition Fee $1,500)

The purpose of this subject is to provide the student with knowledge of international trade agreements, relevant international trade legislation and compliance requirements for the export and / or import of products and services. This subject will extend the student's knowledge of laws relating to international trade and will provide the student with the skills to apply and interpret the law in a range of business contexts.

This subject will include topics on specific legislation and statutory requirements for packaging, labelling, insurance, customs, documentation, quarantine, transport and finance, especially the relevant compliance requirements required for the export and import of goods and services.

This subject will also provide students with knowledge of international agreements and institutions such as the World Trade Organisation (including agreements such as the Doha round); regional trade agreements and free trade agreements; trading arrangements such as joint ventures, licensing agreements, foreign direct investment, intellectual property, international agents and brokers; and emerging issues such as international agreements on counter terrorism and e-commerce.

ADIB209 Contemporary Issues in International Business and Trade (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 and international business and trade both nationally and internationally.

This examination will include, but is not limited to, issues concerning management, human resource 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 strategies 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.

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