Postgraduate Course: Outward Investment from Emerging Markets (20 credit version) (CMSE11144)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | This course is aimed to provide students with an overview of scholarly conventions, managerial approaches and practical impacts of outward investment from emerging markets. It also aims to provide students with an appreciation of additional complexities and challenges of international business for firms from emerging economies. The course covers a wide range of materials relating to emerging markets including major emerging economies (BRICs - Brazil, Russia, India and China) as well as dynamic emerging nations such as Nigeria, Turkey and the UAE. |
| Course description |
The 2015 UNCTAD World Investment Report (p1) notes "in 2014, nine of the 20 largest investor countries were from developing or transition economies" understanding outward investment from emerging economies is thus an increasingly vital topic to address in building theoretical and practical understanding of international business.
The course is intended to help students to develop analytical skills and engagement in contemporary issues about international business and emerging markets. The course is divided into six sessions on some of the general issues driving outward investment from emerging markets, including development strategy, government policy, global economic integration, geographical distribution of FDI, global competitiveness, entry strategy at firm level and challenges for both firms and governments of developing economies.
The course draws on a combination of theoretical discussion, case examination - of emerging economies and organisations within those geographies - and group and individual working to help students understand current theories, practices, debates and trajectories of outward investment from emerging economies.
The course works through 6 taught sections (some running over two lecture sessions) and a final set of group presentations. Each section address a key theme or debate so that, in combination, students are given a rounded view of contemporary theory and practice relating to Outward Investment from Emerging Markets.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | For Business School PG students only, or by special permission of the School. Please contact the course secretary |
Information for Visiting Students
| Pre-requisites | None |
| High Demand Course? |
Yes |
Course Delivery Information
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| Academic year 2015/16, Not available to visiting students (SS1)
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Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Lecture Hours 20,
Seminar/Tutorial Hours 10,
Other Study Hours 166,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
0 )
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| Additional Information (Learning and Teaching) |
other study
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| Assessment (Further Info) |
Written Exam
0 %,
Coursework
60 %,
Practical Exam
40 %
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| Additional Information (Assessment) |
Form of Assessment:
The assessment methods for the course consist of two parts:
(1) Group presentation (40%)
(2) Individual assignment (60%)
Assessment Criteria:
(1) Group presentation The group presentation of case studies will contribute to 40% of the final mark. This is a group-based assignment. The case study will be self-selected by the team but must be approved by the class tutor.
The group presentation will centre on the task - For a multi-national enterprise of your choosing, which is head-quartered in an emerging economy (a) provide an explanation of its historical development path using the OLI paradigm and any other relevant theories of FDI (b) describe and explain how you would use ODI to successfully develop the business in the next 5 years if you were in the current top management team's position.
Requirement:
- Each presentation slot will last no more than 20 minutes.
- 5% of the 20% will be awarded to individual team members only on confirmation of full participation by each member of the team.
(2) Course assignment Reflecting on theory, research and (a) case example(s), students should prepare a specific response to one of the generic essay questions listed. This will require students to self-nominate a narrower version of the generic question in their essay (e.g. focussing on a specific region, or industry, or set of organisations). The generic topics are expressed in the form of a question, and relate to the content of the lectures.
Students are required to write an essay by choosing one of the given topics, which will be assessed for 60% of the overall mark.
1) How do firm characteristics, national context and trading market nature affect the extent to which ODI is an attractive proposition to emerging market firms?
2) How might different deliberate strategies of emerging market firms directly and indirectly drive ODI activity?
3) What factors seem to shape the available options for internationalisation strategies of firms in different institutional and national contexts?
4) How do decisions as to how to organise internally and engage with external partners shape ODI activity for emerging market firms?
5) How can the tensions between institutional factors and firm-level interests and objectives in emerging markets enable and constrain ODI activity?
6) What future trends will shape how ODI from emerging markets occurs, and do emerging markets need to catch-up with or co-exist alongside developed market approaches to internationalisation (and ODI in particular)?
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| Feedback |
The group assessment task will be worked on over the course of the semester, allowing formative feedback to be provided through lecture sessions on working drafts of the submission. In class debates around practice cases - as well as dedicated time around the lectures - will also allow for the provision of formative feedback for individual student submissions. Summative feedback will be provided for both group and individual submissions as per university expectations. |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- understand specific issues associated with globalisation and development strategy for emerging economies
- identify challenges that firms and governments in the developing countries are facing in the era of global business evolution
- evaluate appropriate entry strategies for firms operating in international markets
- summarise major changes in the world economy and patterns of outflows of FDI from emerging markets
- demonstrate their ability to articulate the opportunities and challenges for firms from emerging markets in the era of globalization and entry strategies in international markets
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Reading List
| The core theoretical concepts in the class can be found in the core text book - Dunning J. and Lundan S. (2008) Multinational Enterprises and the Global Economy (2nd ed), Cheltenham: Edward Elgar. |
Additional Information
| Graduate Attributes and Skills |
A. Research and Enquiry
This course will support students in learning skills in researching, analysing and critiquing outward investment from emerging economies theory and practice.
B. Personal and Intellectual Autonomy
In-class activities and assessment tasks will encourage students to critically reflect on FDI practice, form their own views in debates on contemporary issues, and explore case situations (organisational, national and regional) that are of personal interest to them.
C. Communication
The programme will provide ample opportunities for students to shape their verbal, written and presentational communication skills in relation to the core topic in a range of settings (paired, group and class working).
D. Personal Effectiveness
In-class and assessment working will provide students with opportunity to demonstrate their personal effectiveness in group and individual work situations.
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| Keywords | OIEM 20cr |
Contacts
| Course organiser | |
Course secretary | Mr Peter Newcombe
Tel: (0131 6)51 3013
Email: Peter.Newcombe@ed.ac.uk |
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© Copyright 2015 The University of Edinburgh - 18 January 2016 3:41 am
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