INTBUS 7500 - Fundamentals of International Business (M)
North Terrace Campus - Semester 1 - 2014
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General Course Information
Course Details
Course Code INTBUS 7500 Course Fundamentals of International Business (M) Coordinating Unit Adelaide Business School Term Semester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Corequisites ECON 7224 Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture Course Staff
Course Coordinator: Dr Cullen Habel
Name: Dr. Olga Muzychenko
Location: Room 1032, Building Nexus 10
Telephone: 8313 4517
Email: olga.muzychenko@adelaide.edu.au
Consultation time: The lecturer is available for consultation after each class and by appointment at any other time. The best way to contact the lecturer is via e-mail.
Dr. Olga Muzychenko (http://www.adelaide.edu.au/directory/olga.muzychenko ) is a lecturer at the University of Adelaide Business School. Prior to joining the Business School Olga worked for other Australian and French universities. Olga’s expertise in the field of Global Business is based on her research and past industry experience. Olga’s research interests include internationalisation of small and medium-sized enterprises, international business opportunity identification, global mindset and cross-cultural competence. She authored and co-authored a number of refereed publications in international academic journals. Her expertise in the subject area is complemented by experience of working and living in different countries such as United Kingdom, Australia, France, China, Singapore, Hong-Kong, Italy, Russia, and Armenia.
Olga has been consulting for the International Labor Organisation. In this capacity her assignments included training government officials and professionals from many countries at the International Training Centre of International Labor Organisation in Turin, Italy.
Olga holds a PhD from the University of Adelaide (Australia), MSc from the University of Stirling (UK) and BA (Hons) from the Moscow State University (Russia). Her PhD research explored international opportunity identification by Australian entrepreneurs and the role of cross-cultural competence in that process.Course Timetable
The full timetable of all activities for this course can be accessed from Course Planner.
The course is conducted in intensive mode and includes six 6 hour sessions. They take place on Fridays (7 and 21 March, 11 April, 2, 16, and 23 May) from 10 am to 5 pm with 1 hour lunch break included. Seminars will take place in Marjoribanks, 128 Bank SA.
The full timetable of all activities for this course can be accessed via the Course Planner at: https://access.adelaide.edu.au/courses/details.asp?year=2014&course=106148+1+3410+1
Please refer to Assessment Summary section (page 9) for assignments’ submission deadlines. -
Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to…
1. Use their understanding of concepts, tools and language in international business practice to address managerial problems in international business;
2. Explain and analyse the complexity and diversity of the International business environment;
3. Recognise global issues and discuss their implications for international business;
4. Critically analyse and interpret the international business issues, affairs and information, which will lead them to better managerial decision-making;
5. Interact with peers (as individual and as team members) as part of the continuing learning process.University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1,3,4 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 2,4 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 2,3,5 Skills of a high order in interpersonal understanding, teamwork and communication. 2,5 A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 4,5 A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 4,5 An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 2,3,4 -
Learning Resources
Required Resources
- The textbook: Hill, Charles W. L. (2014). International Business – Competing in the Global Marketplace. 9th ed McGraw-Hill/Irwin, New York.
- Compulsory supplementary readings: An interactive list containing links to supplementary compulsory readings will be provided before the course start date via MyUni.
- Learning materials posted on MyUni on a weekly basis.
Recommended Resources
Books:
Bartlett, C.A. & Ghoshal, S. 1989. Managing across borders: The transnational solution. Harvard Business School, Boston, Mass.
Doz, Y., Santos, J. and Williamson, P. 2001. From Global to Metanational: How Companies Win in the Knowledge Economy, Harvard Business School Press
Dunning, J.H. 1993. Multinational Enterprises and the Global Economy, Addison Wesley.
Fukuyama, F. 1992. The end of history and the Last Man. New York: Free Press.
Ghemawat, P. 2007. Redefining global strategy: Crossing borders in a world where differences still matter. Harvard Business School Publishing.
Ghemawat, P. 2011.World 3.0: Global Prosperity and How to Achieve It. Harvard Business School Publishing.
Khanna, T. and Palepu, K. 2010. Winning in Emerging Markets: A Road Map for Strategy and Execution . Harvard Business School Publishing.
Huntington, S. P. 1996. The clash of civilizations and the remaking of the world order. New York: Simon and Schuster.
Johansson, J. 2008. Global marketing: Foreign entry, local marketing, and global management. McGraw Hill/Irwin.
Lasserre, P. and Schutte, H. 2006, Strategies for Asia Pacific: Meeting new challenges, Macmillan Business, Sydney.
Madura, J. 2002. International financial management, South-Western College Publishing, Cincinnati.
Ohmae, K. 1990. The Borderless World, Harper Business Press.
Porter, M.E. 1986. Competition in global industries. Boston: Harvard Business School Press.
Porter, M.E. 1990. The competitive advantage of nations. The Free Press, New York.
Rugman. A. 2001. The end of globalisation: Why global strategy is a myth and how to profit from the realities of regional markets. Amacom.
Sen, A. 1999. Development as freedom. New York: Alfred A. Knopf.
Stace, D. 1997. Reaching out from Down Under: Building competence for global markets. McGraw- Hill, Sydney.
Trompenaars, F., and Hampden-Turner, C. 2004. Managing people across cultures. Chichester: Capstone.
Walker, D., Walker, T. And Schmitz, J. 2003. Doing business internationally. 2 ed. McGraw-Hill
Warner, M. (ed) 2003. Culture and management in Asia. Routledge Curzon.
Yip, G. 2011, Total Global Strategy, 3rd ed, Prentice Hall- Pearson Education International.
Zeng, M. & Williamson, P.J., 2008. Dragons at your door: How Chinese cost innovation is disrupting global competition. Harvard Business School Press.
Reports:
United Nations Conference on Trade and Development (UNCTAD): Annual World Investment Reports.
World Economic Forum: Annual Global Competitiveness Reports.
World Trade Organisation: Annual reports.
World Bank: Annual Reports
Journals:
Academy of Management Journal
Harvard Business Review
Journal of International Business Studies
Management International Review
Journal of World Business
McKinsey Quarterly
The Economist
Business Week
Databases (available online via UoA library)
Business Source Complete (EBSCO )
A very large database covering all aspects of business / commerce related subjects for over 1,200 journals some indexed back to 1886. contains a high percentage of active, peer-reviewed, business related journals Additional full text, non-journal content, includes financial data, books, conference proceedings, case studies, investment research reports, industry reports, market research reports, country reports, company profiles, SWOT analyses and more. Search tip - type "" (quotation marks if you need to find a phrase eg: "interest rates").
Products and trade names guide (B2NB) by Dun & Bradstreet Search for products & services of Australian public and private companies, by company name, brand or UNSPSC code. Also details information on Australian companies.
AusStats Australian Bureau of Statistics website Everything on the ABS web site is accessible free of charge. Special access arrangements apply to Confidentialised unit record files (CURFs).
Mint Global [Bureau van Dijk]
Mint Global is the ORBIS database of over 50 million companies from around the world. Includes listed and unlisted companies. The information is presented in five modules: companies, news, market research, directors and scanned reports. Export data to spreadsheets.
Osiris [Bureau van Dijk]
A fully integrated public company database ... Financial information [is included] on 57,000 listed and major unlisted/delisted companies worldwide (45,500 are non-US companies). The information includes: standardised and "as reported" financials (including restated reports), SEC filings, images of annual reports, corporate actions and dividends, detailed earnings estimates including recommendations, ownership, stock data, news and ratings.
ZEPHYR [Bureau van Dijk]
containing M&A, IPO and venture capital deals with links to detailed financial company information. ZEPHYR now contains information on over 600,000 transactions (as of December 2008). Up to 100,000 new deals are added per year. ZEPHYR has nine years of global coverage and includes deals involving European companies going back to 1997.
GMID (Global Marketing Information Database)
GMID contains over a million demographic, economic and marketing statistics for 205 countries worldwide. The database also contains 6-year historic market size data for more than 330 consumer products in 52 countries, plus 5-year forecasts.
CEIC
Macroeconomic, industry and financial time series database for global emerging and developed markets. product information
SourceOECD
A major source of international statistics and reports. Hint: click on Advanced search (under the Search for box) to add limits by date, field name or format (eg: statistics, working papers etc).
UN Comtrade Delivers international trade statistics. See also the Statistics database of the World Trade Organization.
World development indicators online (WDI) World Bank Obtain country time series indicator (spreadsheets) such as: consumption, savings, education, employment, banking, health, roads, agriculture, stocks, markets etc. (see the online help).
WTO (World Trade Organization)
Statistics database The Trade Profiles section provides standard information on the structural trade situation and trade policy measures of members, observers and other selected economies. The profiles are complemented with general macroeconomic indicators. The Time Series section provides a searchable database on international trade in merchandise and commercial services.
Economist Intelligence Unit - Asia
Provides independent, authoritative analysis and forecasts on country, industry and management analysis. Note: the Library provides access to other Economist Intelligence Unit titles via the Factiva database (click on Source and search for Economist Intelligence)
GMID (Global Marketing Information Database) [Euromonitor]
GMID contains over a million demographic, economic and marketing statistics for 205 countries worldwide. The database also contains 6-year historic market size data for moreOnline Learning
Online environment is important part of students’ learning in this course. In preparation for each seminar please visit MyUni course site www.myuni.adelaide.edu.au to access course materials. Compulsory course readings can be accessed via an interactive readings list posted on MyUni.The lecturer in charge will upload PowerPoint lecture slides and any other relevant materials and exercises to MyUni course site on a weekly basis. Power point lecture slides provide a summary of each topic. MyUni will also be used by the lecturer to post important messages. -
Learning & Teaching Activities
Learning & Teaching Modes
The course will be conducted via a series of face-to-face seminars. They include a brief interactive presentation by a lecturer, group discussions of recommended readings, experiential exercises, such as for example case studies, and presentations by guest speakers (to be confirmed). It is essential for students to familiarize themselves with all prescribed materials before each class to maximize their learning outcomes.
Students should come along to each session prepared to summarise and comment on their understanding of what they have read for the session. During each session students will be asked to contribute to discussions in relation to relevant materials such as, for example, case studies and journal articles.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The following information is provided as a guide to assist students with engaging appropriately with the course requirements. The University expects full-time students (i.e., those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course of private study outside of your regular classes.Learning Activities Summary
PART 1: ENVIRONMENT OF INTERNATIONAL BUSINESS (Topics 1-6) Topic 1: Globalisation
Reference material: Textbook, Chapter 1, Course Materials folder on MyUniSession 1
7 March
10 am – 5 pm
Venue: Marjoribanks, 128 Bank SATopic 2: Political economy. Ethics in International Business
Reference material: Textbook, Chapters 2 & 3 and 5, Course Materials folder on MyUni Activities: Case studyTopic 3: Differences in Culture
Reference material: Textbook, Chapter 4 &5; Course Materials folder on MyUni Activities: Case studySession 2
21 March
10 am – 5 pm
Venue: as aboveTopic 4: International Trade
Reference material: Textbook, Chapters 6 & 7, Course Materials folder on MyUni Activities: Case studyTopic 5: Foreign Direct Investment and Regional Economic Integration
Reference material: Textbook, Chapters 8 & 9, Course Materials folder on MyUni Activities: Case studySession 3
11 April
10 am – 5 pm
Venue: as above
Assignment 1 due date: 17 April ThursdayTopic 6: The Monetary System
Reference material: Textbook, Chapters 10 & 11, Course Materials folder on MyUni Activities: Case studyPART 2: MANAGING IN INTERNATIONAL BUSINESS (TOPICS 7-11) Topic 7: The Strategy of International Business
Reference material: Textbook, Chapter 13; Course Materials folder on MyUni Activities: Case studySession 4
2 May
10 am –5 pm
Venue: as aboveTopic 8: Foreign Entry Strategic Decisions
Reference material: Textbook, Chapter 15, Course Materials folder on MyUni Activities: Case studyTopic 9: The Organisation of International Business
Reference material: Textbook, Chapter 14, Course Materials folder on MyUni Activities: Case studySession 5
16 May
10 am – 5 pm
Venue: as aboveTopic 10: International Marketing and R&D;
Reference material: Textbook, Chapter 18, Course Materials folder on MyUni Activities: Case studyTopic 11: International Operations, Outsourcing and Logistics
Reference material: Textbook, Chapter 17, Course Materials folder on MyUni Activities: Case studiesSession 6
23 May
10 am – 5 pm
Venue: as above
Assignment 2 due date: 27 May 2014Group presentations
Presentation power points due date : 9 am on 22 May 2014Final exam Date, time, venue TBA -
Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assessment item Percentage of total mark Relevant learning objective(s) Due or scheduled date Individual assignment
(Case study report)20% Learning objectives 1-4 17 April 2014 Group assignment
(company project presentation)5% Learning objectives 1-5 23 May 2014
PowerPoint slides to be submitted by 9 am on 22 May 2014Group assignment
(company project report)15% Learning objectives 1-5 27 May 2014 Class participation 10% Learning objectives 1-5 Ongoing Final examination 50% Learning objectives 1-4 Date to be confirmed Assessment Detail
1. Individual Assignment: Case Study report (20%)
Upon reading the case study “Paint Co Brasileira Ltda” please provide your analysis of opportunities and risks for Paint Co in Brazil. Your report must include assessment of political, legal, economic and socio-cultural environments in Brazil with specific relevance to Paint Co (you should take into consideration the paint industry as well as broad exporting and FDI entry options).
Please use Bremmer (2005), Khanna, T., Palepu, K. and Sinha, J. (2005) and Mahoney et al. (2001) to guide your analysis.
Length: 2500 words excluding an executive summary and appendixes. Exceeding a word limit will attract a 5% mark penalty.
Due date: 17 April 2014.
Assessment criteria:
· Logic and flow of argument;
· Ability to present your findings clearly and succinctly;
· Application of key relevant theories and concepts;
· Use of case study data to support the analysis;
· Recommendations and tradeoffs identified in analysis;
· Relevance to the topic;
· Effective overall strategy, adequate introduction, body, and conclusion;
· Presentation: word limit; layout; referencing and bibliography
2. Group Assignment: Company Project (Report 15%; presentation 5%)
Group size: 4-5 students
Based on your knowledge of a selected company and its recent cross-border activity (trade or investment)
analyse (based on the data that you have) the company’s reasons to start cross-border activity, to select the foreign markets that it has; to choose the foreign market entry mode that it has; and the factors that appear to be associated with its current levels of success (or, failure) in these markets;
provide recommendations to the Board on improving company’s international business operations.
OR ALTERNATIVELY
Based on your knowledge of a selected domestic company that is currently contemplating commencing international operations
· analyse how international expansion will add value to the company;
· assess the company’s internal capability for international expansion;
· suggest what market(s) it should enter and how;
· identify possible challenges that may arise in the process of international expansion and suggest some mitigation strategies.
Whichever topic you choose, the report must reflect your knowledge of Global Business theoretical frameworks.
Notes:
· You cannot choose a company you are currently working for/worked for in the past. This is required to ensure students’ equity in access to information/data and stimulate your learning by exploring something new and unfamiliar.
· Your choice of the company must be approved by the lecturer by 2 May to ensure you have adequate material for application of course concepts.
· By 16 May, you should submit a one-page summary of the project for the lecturer’s approval to help you finalise the scope of the report.
· In order to demonstrate a reasonable familiarity with the firm you have selected you may use data collected through interview(s), media reports and other published materials, including the company’s annual reports and/or its web site.
REPORT (15%):
Report length: 3500 words excluding an executive summary and appendixes. Exceeding a word limit will attract a 5% mark penalty.
Due date: 27 May 2014.
Intermittent due dates: before 2 May submit choice of the company for approval. 16 May submit a one-page summary of the project for approval.
Assessment criteria:
· Logic and flow of argument;
· Ability to present your findings clearly and succinctly;
· Application of key relevant theories and concepts;
· Research skills and use of data to support the analysis;
· Recommendations and tradeoffs identified in analysis;
· A reasonable familiarity with the firm you have selected and its international industrial environment;
· Relevance to the topic;
· Effective overall strategy, adequate introduction, body, and conclusion;
· Presentation: word limit; layout; referencing and bibliography.
PRESENTATION (5%):
Presentation duration: 10 minutes plus 5 minutes discussion and Q&A
The purpose of this session is to enable you to share your research with your colleagues and obtain feedback on your projects prior to submission. These are not meant to be formal presentations but informal briefings to obtain feedback during class. You should comment on any problems you have had with your project and how you solved these. You are not expected to present the entirety of your research findings during these sessions, hence you should select those elements of your project that you found to be particularly interesting or contentious and use the time to gain feedback and enable the class to learn from your research.
Due date: 23 May 2014. Power point slides must be submitted to the lecturer by 9 am on Thursday 22 May 2014.
Assessment criteria:
* Research quality and progress to date
* Application of GB concepts in analysing research
* Stimulating interest for the audience;
* Highlighting key points;
* Handling questions.
3. Class participation (10%)
Assessment criteria:
· Participation in class discussions such as for example putting forward one’s point of view with a brief supporting argument; summarising and evaluating ideas/issues that arise from course readings; asking questions directly related to issues/problems discussed in class;
· Participation in case study group discussions and presentations (topics 7-11);
· Contribution to MyUni “Current Affairs” (a one paragraph summary must be provided along with a file or a web link);
· Class attendance.
4. Final Examination (50%)
There will be an open book examination. The examination may include a case study and essay type questions.
Date: TBASubmission
You are required to submit a soft copy of your assignments as Word.doc(x) file directly to the lecturer at olga.muzychenko@adelaide.edu.au . PDF files and assignments not complying with formatting requirements will not be accepted.
A hard copy with a signed assignment cover sheet must be submitted to the lecturer in class unless an alternative arrangement was made.
Presentation of Assignments
· Please must retain a copy of all assignments submitted.
· Please attach an ‘Assignment Cover Sheet’, which is signed and dated by you before submission.
· All group assignments must be attached to a ‘Group Assignment Cover Sheet’, which must be signed and dated by all group members before submission. All team members are expected to contribute approximately equally to a group assignment.
· Your assignment must include a title page that indicates your name, student number, email address, course name, course coordinator, assignment topic and word count (excluding executive summary, attachments and appendices). Please note that word limits will be strictly enforced. The word count excludes the executive summary, and appendixes.
Formatting requirements:
· Double spacing with 2.5 cm margins
· Page numbers on each page
· Tables and figures correctly labelled and include titles (note difference between tables and figures!)
· Relevant diagrams should be in the main body of the report only supplementary material in the appendix
· Appendixes (for additional information) attached and labelled.
Lecturers can refuse to accept assignments, which do not have a signed acknowledgement of the University’s policy on plagiarism.
Assignment Guidelines including Referencing Details
A copy of the Postgraduate Programs: Communication Skills Guide will have been given to you at the beginning of your program. This guide will assist you structure your assignments. A copy of the guide can also be downloaded from
http://www.adelaide.edu.au/professions/hub/downloads/MBA-Communication-Skills-Guide.pdf
This publication also provides guidelines on a range of other important communication skills including writing essays and management reports, making oral presentations etc.
In preparing any written piece of assessment for your postgraduate studies it is important to draw on the relevant ‘literature’ to support critical analysis. Also essential is to reference the literature used. Correct referencing is important because it identifies the source of the ideas and arguments that you present, and sometimes the source of the actual words you use, and helps to avoid the problem of plagiarism. (Further information on plagiarism is provided later in this course outline.)
The Harvard system is widely used in the Business School. Guidelines for the use of this style of referencing can be found in the Communication Skills Guide.
Further assistance with referencing is available from the Faculty’s Learning Support Advisors. The contact details are provided on page 6 of the Communication Skills Guide.
Late Assignment Submission and Extensions to Due Dates
Students are expected to submit their work by the due date to maintain a fair and equitable system. Extensions will generally only be given for medical or other serious reasons. All requests for extensions must be emailed to the lecturer in charge of the course before the due date. Each request will be assessed on its merits. A late assignment (without prior arrangement) will be penalised by a 5% mark reduction for each day that it is late.
Return of Assignments
Lecturer’s aim to mark and return assignments to students within two (2) weeks of the due date with written feedback. Students are responsible for collecting their marked assignments from either their tutorials or lectures. If assignments aren’t collected after two (2) weeks, the assignments will be available at the Student Hub for two (2) weeks. The remaining assignments will only be posted out to the students, if the correct mailing addresses are on the assignments.Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
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Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- International Student Support
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
- YouX Student Care - Advocacy, confidential counselling, welfare support and advice
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.
The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.