ORG448 Emerging Markets

The course is connected to the following study programs

• Master’s Programme in International Business
• Master's Programme in Accounting and Auditing
• Master's Programme in Business Administration
• Master's Programme in Business Administration (5 years)

Teaching language

English

Recommended prerequisites

Bacheor's degree in Business Administration or equivalent, including Culture and Ethics, International Management and International Marketing, or equivalent.

Course contents

The course aims to train students to understand the national economies of states and regions with a growing influence in the global economy and world politics. The course has three main theoretical and methodological components: systematic assessment of resources for national economic growth; the role of institutions for sustainable economic development and welfare distribution; and government policies for growth with equity.

The following issues will be covered under each component:

• Resources for economic growth: Natural and human, including education; Energy, including renewables; Social and cultural capital; Dutch disease and theories on resource curse avoidance; Growth models

• The role of institutions: Economic, political, judicial; Democratic versus authoritarian political systems; The importance of rule of law; Corruption

• Government policies and their impacts on business, growth, and environmental and social sustainability; Monetary and fiscal policies; Trade policies and foreign relations; Labor markets and social policies

Learning outcomes

On successful completion of the course the student should be able to:

• understand the complexity of economic development and the need for an interdisciplinary approach for academic analyses and policy making in emerging economies

• identify and quantify sources of national economic growth and preconditions for sustainable economic development

• understand the role of institutions, including corrupt practices, on business operation and economic development

• realize similarities and differences among emerging markets

• recognize national and global reasons behind economic turmoil and crises

• understand challenges and opportunities facing multinational enterprises operating in emerging economies

Examination requirements

Presentation of the term paper and contribution to case discussions. More information will be given in Canvas at the start of the semester.

Teaching methods

Lectures, class discussions, case presentations and a term paper. Estimated workload is about 200 hours.

Evaluation

The person responsible for the course, in consultation with the student representative, decides the method of evaluation and whether the courses will have a midterm- or end of term evaluation, see also the Quality System, section 4.1. Information about evaluation method for the course will be posted on Canvas.

Assessment methods and criteria

Final individual paper. Letter grades.

Due to grade requirements for state authorised auditors, a regular examination will be held both autumn and spring.