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Level 5 Diploma in Logistics and Supply Chain Management

Drivers and Concepts of Globalisation

LSC504 · Global Context of Supply Chains — Week 1 of 16

CourseLSC504
Week1 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Drivers and Concepts of Globalisation

  1. Trade liberalisation and tariff reduction
  2. Advancements in transport and ICT
  3. Comparative advantage and factor endowment
  4. Market convergence and global consumer demand
  5. Sources of Comparative Advantage
  6. Tariffs and Protectionism
  7. Supply Chain Impacts during Rising Global Trade Tensions - MIT-SCx-Live
  8. Economics 1 - Lecture 22: Trade and Comparative Advantage
  9. Economics 1 - 2014-09-10: Comparative Advantage; Gains from Trade; Economi

What you will be able to do

  • 1.1 Explain the key factors which drive globalisation.
  • 1.2 Explain the key concepts which relate to operating in a global environment.

Activity

Start with this week’s 5 videos, then: Seminar, guided reading and a short written task: explain the key factors which drive globalisation.

Study materials

Videos

  • Sources of Comparative Advantage · YouTube · Marginal Revolution University · 8 min · for registered students
  • Tariffs and Protectionism · YouTube · Marginal Revolution University · 15 min · for registered students
  • Supply Chain Impacts during Rising Global Trade Tensions - MIT-SCx-Live · YouTube · MIT Center for Transportation & Logistics · 59 min · for registered students
  • What are Global Value Chains and why they matter for economic & regional development | LSE Research · YouTube · LSE · 4 min · for registered students
  • Where Is Globalisation Headed? A Supply Chain View · YouTube · Gresham College · 60 min · for registered students
  • Supply chains in a fractured world: Strategy beyond globalization · YouTube · MIT Center for Transportation & Logistics · 67 min · for registered students
  • Reinventing Global Value Chains: Winners & Losers in Emerging Markets · YouTube · eCornell · 68 min · for registered students

Further resources

  • International Business, ch. 1: Introduction · PDF · Saylor Academy, textbook chapter; pp. 5–40 · for registered students
  • Fundamentals of Global Strategy, ch. 1: Competing in a Global World · PDF · Saylor Academy, textbook chapter; pp. 5–27 · for registered students
  • Introduction to Business 2e, ch. 3.1–3.2: Global trade and why nations trade · PDF · OpenStax, textbook chapter; pp. 79–83 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 2
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Drivers and Concepts of Globalisation
  • Week 2: Impact of Globalisation on Organisational Structure and Cul…
  • Week 3: Globalisation and the Modern Logistics Industry
  • Week 4: Benefits and Disadvantages of Global Supply Chains
  • Week 5: Global Supply Chain Strategy and Decision-Making
  • Week 6: Global Supply Chain Planning
  • Week 7: Global Supply Chain Network Design
  • Midterm: Midterm evaluation
  • Week 9: Risk Management in Global Supply Chains
  • Week 10: Information Technology in Global Supply Chains
  • Week 11: Emerging Issues in Global Supply Chains
  • Week 12: Applying Global Context of Supply Chains in practice: case …
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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