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Global Knowledge EconomyLaajuus (5 cr)

Code: YH00CB50

Credits

5 op

Teaching language

  • English

Responsible person

  • Sunday Olaleye

Objective

The Global Knowledge Economy course is designed for master's students seeking a deep understanding of the dynamic landscape of the global economy in the knowledge age. This course explores the critical role of knowledge, innovation, and information technologies in shaping the economic and business landscape on a global scale. You will learn how to analyze the concepts and theories of the knowledge economy and its impact on global business and economies and understand how to assess the influence of technological advancements and innovation on the knowledge economy. You will understand how to evaluate knowledge creation, management, and intellectual property protection strategies. You will understand the dynamics of knowledge-based industries and their challenges and learn how to formulate strategic approaches to address them and leverage the opportunities in the global knowledge economy. Further, you will learn how to communicate effectively and collaborate with diverse stakeholders in a global context. This course equips you with the knowledge and skills to thrive in the evolving landscape of the global knowledge economy, preparing you to contribute effectively to organizations and industries worldwide.

The competences to develop in this course are operating in a workplace, sustainable development, internationality and multiculturalism and ethics.

Operating in a workplace:
The students demonstrate the capacity to proactively identify development areas by anticipating future trends and challenges in the dynamic landscape of the global knowledge economy. The students apply their existing knowledge to the global knowledge economy course and employ appropriate research methods in the execution of development projects, ensuring projects are well-informed and evidence based. They further cultivate the ability to think outside conventional boundaries, challenging limits to generate creative and innovative solutions that address complex issues in the global knowledge economy. These competencies emphasize the importance of proactive development, applying knowledge effectively, and fostering creativity and innovation in the context of the global knowledge economy.

Sustainable development:
The students demonstrate a comprehensive awareness of the Sustainable Development Goals (SDGs) 8 and 9 and their relevance to the global knowledge economy. The students understand how global knowledge economy are crucial in addressing sustainability challenges and can contribute to sustainable development. The students actively promote and support the implementation of sustainability projects within the context of the global knowledge economy, recognizing the importance of sustainable practices in business operations. These competencies underscore the significance of integrating sustainability principles into the global knowledge economy and preparing students to contribute to sustainable development initiatives.

Internationality and multiculturalism:
The students demonstrate the ability to monitor global trends and developments within the global knowledge economy, stay informed about international industry standards, operate effectively, and adapt in international and multicultural work environments, and recognize the importance of cross-cultural competency in global knowledge economy endeavors. These competencies highlight the importance of global awareness and the ability to thrive in diverse cultural contexts within the global knowledge economy.

Ethics.
The students demonstrate a strong sense of responsibility for personal actions and consequences, reflecting on them in alignment with ethical principles and values and advocating for and actively promoting principles of equality and non-discrimination in all global knowledge economy operations. The students understand and consistently adhere to the principles of responsible information use, ensuring ethical integrity in research activities within the global knowledge economy. These ethics competencies emphasize the importance of ethical behavior, equality, and responsible research conduct in the context of the global knowledge economy.

Content

Introduction to Global Knowledge Economy, Knowledge Creation and Management, Knowledge-Based Businesses and Industries, Global Knowledge Economy Challenges and Opportunities, Strategies for Success in the Global Knowledge Economy, Global Knowledge Economy Project and Case Study Analysis, Future Trends of Global Knowledge Economy

Qualifications

This course is designed to accommodate students in the first year of the IBM master's degree programme.

Assessment criteria, satisfactory (1)

Sufficient (1):
You sufficiently identify development areas by anticipating global trends, applying knowledge, and using sound research methods. You foster creative problem-solving in the dynamic global knowledge economy. You exhibit fair responsibility, ethical reflection, and a commitment to equality while maintaining ethical integrity in your global knowledge economy activities. You only show a fair grasp of fundamental concepts, trends, and navigational insights within the global knowledge economy, a basic engagement level with the course content, and minimal engagement in the course materials and discussions, demonstrating a basic level of performance.

Satisfactory (2):
You satisfactorily identify development areas by anticipating global trends, applying knowledge, and using sound research methods. You foster satisfactory creative problem-solving in the dynamic global knowledge economy. You exhibit fair responsibility, ethical reflection, and a commitment to equality while maintaining ethical integrity in your global knowledge economy activities. You show a satisfactory grasp of fundamental concepts, trends, and navigational insights within the global knowledge economy. You demonstrate a satisfactory level of engagement with the course content and materials and exhibit a satisfactory engagement in the course materials and discussions, demonstrating a satisfactory level of performance.

Assessment criteria, good (3)

Good (3):
You demonstrate an excellent ability to identify development areas by anticipating global trends, applying knowledge, and using sound research methods. You foster good creative problem-solving in the dynamic global knowledge economy. You exhibit good responsibility, ethical reflection, and a commitment to equality while maintaining ethical integrity in your global knowledge economy activities. You fully grasp fundamental concepts, trends, and navigational insights within the global knowledge economy and engage well with the course content and materials. You exhibit good engagement in the course materials and discussions, demonstrating a good level of performance.

Very good (4):
You demonstrate an outstanding understanding of identifying development areas by anticipating global trends, applying knowledge, and using sound research methods. You foster outstanding creative problem-solving in the dynamic global knowledge economy. You exhibit outstanding responsibility, ethical reflection, and a commitment to equality while maintaining ethical integrity in your global knowledge economy activities. You fully grasp fundamental concepts, trends, and navigational insights within the global knowledge economy. You engage proficiently with the course content and materials, actively participating in discussions and coursework. You demonstrate outstanding performance and engagement in the course materials and discussions.

Assessment criteria, excellent (5)

You demonstrate an exceptional understanding of identifying development areas by anticipating global trends, applying knowledge, and using sound research methods. You foster exceptional creative problem-solving in the dynamic global knowledge economy. You exhibit exceptional responsibility, ethical reflection, and a commitment to equality while maintaining ethical integrity in your global knowledge economy activities. You engage highly with the course content and materials, actively participating in discussions and coursework. You also demonstrate exceptional performance and engagement in the course materials and discussions.

Materials

Lecture Materials, Textbooks, Articles, Book Chapters, Conference Proceedings, Real-World Case Studies.

Enrollment

01.08.2024 - 24.08.2024

Timing

26.08.2024 - 18.12.2024

Number of ECTS credits allocated

5 op

Mode of delivery

Face-to-face

Unit

School of Business

Campus

Main Campus

Teaching languages
  • English
Seats

20 - 40

Degree programmes
  • Master's Degree Programme in International Business Management
Teachers
  • Sunday Olaleye
Teacher in charge

Sunday Olaleye

Groups
  • ZJAYBB24S1
    Avoin AMK, lita, YAMK-väylät, International Business Management
  • YBB24S1
    Master of Business Administration, DP in International Business Management

Objectives

The Global Knowledge Economy course is designed for master's students seeking a deep understanding of the dynamic landscape of the global economy in the knowledge age. This course explores the critical role of knowledge, innovation, and information technologies in shaping the economic and business landscape on a global scale. You will learn how to analyze the concepts and theories of the knowledge economy and its impact on global business and economies and understand how to assess the influence of technological advancements and innovation on the knowledge economy. You will understand how to evaluate knowledge creation, management, and intellectual property protection strategies. You will understand the dynamics of knowledge-based industries and their challenges and learn how to formulate strategic approaches to address them and leverage the opportunities in the global knowledge economy. Further, you will learn how to communicate effectively and collaborate with diverse stakeholders in a global context. This course equips you with the knowledge and skills to thrive in the evolving landscape of the global knowledge economy, preparing you to contribute effectively to organizations and industries worldwide.

The competences to develop in this course are operating in a workplace, sustainable development, internationality and multiculturalism and ethics.

Operating in a workplace:
The students demonstrate the capacity to proactively identify development areas by anticipating future trends and challenges in the dynamic landscape of the global knowledge economy. The students apply their existing knowledge to the global knowledge economy course and employ appropriate research methods in the execution of development projects, ensuring projects are well-informed and evidence based. They further cultivate the ability to think outside conventional boundaries, challenging limits to generate creative and innovative solutions that address complex issues in the global knowledge economy. These competencies emphasize the importance of proactive development, applying knowledge effectively, and fostering creativity and innovation in the context of the global knowledge economy.

Sustainable development:
The students demonstrate a comprehensive awareness of the Sustainable Development Goals (SDGs) 8 and 9 and their relevance to the global knowledge economy. The students understand how global knowledge economy are crucial in addressing sustainability challenges and can contribute to sustainable development. The students actively promote and support the implementation of sustainability projects within the context of the global knowledge economy, recognizing the importance of sustainable practices in business operations. These competencies underscore the significance of integrating sustainability principles into the global knowledge economy and preparing students to contribute to sustainable development initiatives.

Internationality and multiculturalism:
The students demonstrate the ability to monitor global trends and developments within the global knowledge economy, stay informed about international industry standards, operate effectively, and adapt in international and multicultural work environments, and recognize the importance of cross-cultural competency in global knowledge economy endeavors. These competencies highlight the importance of global awareness and the ability to thrive in diverse cultural contexts within the global knowledge economy.

Ethics.
The students demonstrate a strong sense of responsibility for personal actions and consequences, reflecting on them in alignment with ethical principles and values and advocating for and actively promoting principles of equality and non-discrimination in all global knowledge economy operations. The students understand and consistently adhere to the principles of responsible information use, ensuring ethical integrity in research activities within the global knowledge economy. These ethics competencies emphasize the importance of ethical behavior, equality, and responsible research conduct in the context of the global knowledge economy.

Content

Introduction to Global Knowledge Economy, Knowledge Creation and Management, Knowledge-Based Businesses and Industries, Global Knowledge Economy Challenges and Opportunities, Strategies for Success in the Global Knowledge Economy, Global Knowledge Economy Project and Case Study Analysis, Future Trends of Global Knowledge Economy

Learning materials and recommended literature

Lecture Materials, Textbooks, Articles, Book Chapters, Conference Proceedings, Real-World Case Studies.

Teaching methods

Physical contact teaching will be used, including lectures, workshops, hands-on labs, and the flipped classroom method. The delivery mode is based on the practicality of the global knowledge economy, with a critical analysis of cases across different business sectors.

Practical training and working life connections

Using various ways of connecting students to working life through alumni interaction and visiting guest lectures.

Alternative completion methods

You have the right to apply for recognition of your studies through eRPL in Peppi if you have prior learning from university completed elsewhere that can be accredited towards the degree you are currently pursuing.

Student workload

Global Knowledge Economy course worth 5 ECTS. One ECT corresponds to an average of 27 hours of work, meaning the load of 5 ECTS is approximately 135 hours.

Further information for students

The course assessment is based on a case study analysis and a critical analysis of future trends in the global knowledge economy. It includes in-class oral feedback and written feedback via Moodle.

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

Sufficient (1):
You sufficiently identify development areas by anticipating global trends, applying knowledge, and using sound research methods. You foster creative problem-solving in the dynamic global knowledge economy. You exhibit fair responsibility, ethical reflection, and a commitment to equality while maintaining ethical integrity in your global knowledge economy activities. You only show a fair grasp of fundamental concepts, trends, and navigational insights within the global knowledge economy, a basic engagement level with the course content, and minimal engagement in the course materials and discussions, demonstrating a basic level of performance.

Satisfactory (2):
You satisfactorily identify development areas by anticipating global trends, applying knowledge, and using sound research methods. You foster satisfactory creative problem-solving in the dynamic global knowledge economy. You exhibit fair responsibility, ethical reflection, and a commitment to equality while maintaining ethical integrity in your global knowledge economy activities. You show a satisfactory grasp of fundamental concepts, trends, and navigational insights within the global knowledge economy. You demonstrate a satisfactory level of engagement with the course content and materials and exhibit a satisfactory engagement in the course materials and discussions, demonstrating a satisfactory level of performance.

Evaluation criteria, good (3-4)

Good (3):
You demonstrate an excellent ability to identify development areas by anticipating global trends, applying knowledge, and using sound research methods. You foster good creative problem-solving in the dynamic global knowledge economy. You exhibit good responsibility, ethical reflection, and a commitment to equality while maintaining ethical integrity in your global knowledge economy activities. You fully grasp fundamental concepts, trends, and navigational insights within the global knowledge economy and engage well with the course content and materials. You exhibit good engagement in the course materials and discussions, demonstrating a good level of performance.

Very good (4):
You demonstrate an outstanding understanding of identifying development areas by anticipating global trends, applying knowledge, and using sound research methods. You foster outstanding creative problem-solving in the dynamic global knowledge economy. You exhibit outstanding responsibility, ethical reflection, and a commitment to equality while maintaining ethical integrity in your global knowledge economy activities. You fully grasp fundamental concepts, trends, and navigational insights within the global knowledge economy. You engage proficiently with the course content and materials, actively participating in discussions and coursework. You demonstrate outstanding performance and engagement in the course materials and discussions.

Evaluation criteria, excellent (5)

You demonstrate an exceptional understanding of identifying development areas by anticipating global trends, applying knowledge, and using sound research methods. You foster exceptional creative problem-solving in the dynamic global knowledge economy. You exhibit exceptional responsibility, ethical reflection, and a commitment to equality while maintaining ethical integrity in your global knowledge economy activities. You engage highly with the course content and materials, actively participating in discussions and coursework. You also demonstrate exceptional performance and engagement in the course materials and discussions.

Prerequisites

This course is designed to accommodate students in the first year of the IBM master's degree programme.