(Revised November 2002)
Code: UPEN3W-15-M Title:
Economic Analysis of Global Business II Version:1
Level: M UWE
credit rating: 15 ECTS
credit rating: 7.5
Module type: Standard
Owning Faculty: HLSS Field: Economics
Valid from: September 2004 Discontinued from:
Pre-requisites: None
Co-requisites: None
Excluded combinations: None
Learning outcomes:
By the end of this module, the student should be
able to:
·
understand and evaluate the functional operation of firms and the
process of globalisation (Component B);
·
understand and explain the historical development of the post-1945
international economy (Component A & B);
·
understand and differentiate between alternative theories of structural
adjustment and hegemonic ambition within the global economy (Component A);
·
analyse the conditions under which various types of corporate change
takes place and recognise the significance of such change for international
business (Component A & B);
·
employ specific skills (interpretation, discrimination, distillation,
communication, and dissemination) in applying the knowledge gained from the
module. The focus of such application is to enhance students' global
perspective and to augment the depth
and breadth of their decision-making abilities.
(Component A & B).
Syllabus outline:
·
Recent developments in market structure, conduct and performance
analysis.
·
Competitiveness in global markets.
·
The theory and practice of globalisation and the role and development
of the multi-nationals.
·
Comparative approaches to the analysis of the global business
environment.
·
Market adjustment and contestability in the global economy.
·
The role of governments, financial markets and corporations in the global
economy.
·
International trade: the theory of strategic trade and case study
applications.
·
The emergence and significance of the 'new economy' and its implications
for global business.
·
Corporate Restructuring: teaming, mergers and alliances.
·
'New industrial economics' and
the challenge to micro-economic orthodoxy.
·
Foreign direct investment; international financial markets and exchange
rate risk.
·
International capital markets.
·
Functional and business strategies and their role in international
corporate strategy.
Teaching and learning
methods:
A variety of teaching
methods will be employed in this module.
In addition to standard staff-centred teaching, students will be
expected to contribute using their own research material and experience. Where
relevant, video material and contemporary written source material will also be
used to initiate discussion of practical policy issues. Students will be
provided with detailed reading, resources lists and various materials used
throughout the course. Links to other sources will be made available through
on-line learning resources. However, as postgraduate students, those following
this module will also be expected to find and use alternative material using
their own knowledge and initiative. Students will be expected to put forward,
rationalise, substantiate and defend points of view on controversial matters in
class.
Indicative sources:
Millar C, Grant R and Ju
Choi C., 2000, International Business:
Emerging Issues and Emerging Markets,
Macmillan.
Hill C., 2001, International Business: Competing in the
Global Marketplace, McGraw Hill.
Ohmae K., 2000, The Invisible Continent, Nicholas
Brealey.
Martin S., 2001 Industrial Organization: A European
Perspective, Oxford.
Burton-Jones A., 2001, Knowledge Capitalism, Oxford.
Dobbs I., 2000, Managerial Economics, Oxford.
Meier G M., 1998, The International Environment of Business, Oxford.
El Kahal S., 2001, Business in Asia Pacific, Oxford.
Carnoy M., 2002, Sustaining the New Economy, Harvard.
Castells M., 2002, The Internet Galaxy: Reflections on the Internet, Business and Society,
Oxford.
Journals to be consulted
include: The
Economic Journal, American Economic Review, the Journal of Economic Literature,
Economica, The Journal of International Business, Harvard Business Review,
World Economy, Business Strategy Review,
etc.
Assessment
Weighting between
components A and B A: 50% B: 50%
ATTEMPT 1
First Assessment
Opportunity
Component A
Description of each element Element weighting
1. An
in-class written assessment under controlled conditions (2 hours) 50%
Component B
Description of each element Element weighting
1. 2,000
word essay 50%
Second Assessment
Opportunity (further attendance at taught classes is not required)
Component A
Description of each element Element weighting
1. A written
assessment under controlled conditions (2 hours) 50%
Component B
Description of each element Element weighting
1. 2,000
word essay 50%
SECOND (OR SUBSEQUENT)
ATTEMPT Attendance at taught classes is not
required.
Specification confirmed
by ………Module approved at VARSC 13.05.04……
Date ……………………………
(Associate Dean/Programme
Director)