ORG448 Emerging Markets (Spring 2024)
- ECTS Credits:
- 7.5
- Responsible department:
- School of Business and Law
- Course Leader:
- Francis Schortgen
- Lecture Semester:
- Spring
- Teaching language:
- English
- Duration:
- ½ year
Table of contents
The course is connected to the following study programs
- Master's Programme in Accounting and Auditing
- Master's Programme in Business Administration
- Master's Programme in Business Administration (5 years)
Teaching language
Recommended previous knowledge
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
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
Teaching and learning methods
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.
Examinations
Final individual paper. Letter grades.
Due to grade requirements for state authorised auditors, a regular examination will be held both autumn and spring.