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2013/2014  KAN-IBS_IB42  International Business in Emerging Markets

English Title
International Business in Emerging Markets

Course information
Language English
Exam ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Semester
Course period Spring
Time Table Please see course schedule at e-Campus
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Ari Kokko - Department of International Economics and Management (INT)
Ari Koko
Main academic disciplines
  • Economics, macro economics and managerial economics
Last updated on 02-07-2013
Learning objectives
The course aims to enable students to analyze issues of international business in emerging markets in Asia, Eastern Europe/Russia, Africa and Latin America. Furthermore, the course will enable students to analyze international business relationships from the perspectives of both the multinational enterprise and local stakeholders. At the end of the course students should be able to:
• Understand cross-country differences in development strategies across emerging markets
• Analyze the role of emerging markets as destinations for Western exports and FDI,
• Analyze the role of emerging markets as exporters and investors in the global economy
• Discuss the effects of internationalization and globalization on emerging markets
• Assess risks and opportunities in emerging markets and transitional economies
Examination
IB42 International Business in Emerging Markets:
Examination form Home assignment - written product
Individual or group exam Group exam, max. 4 students in the group
Size of written product Max. 40 pages
Assignment type Project
Duration Written product to be submitted on specified date and time.
Grading scale 7-step scale
Examiner(s) Internal examiner and external examiner
Exam period May/June and August
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure
Group project (max. 4 students,10 pages pr. student ) incl. tables, pictures, and figures in the main body of the project (This does not include front page, table of contents, bibliography, and appendixes). Each student must specify the individual contribution to the project.
If a student is ill during project, he/she will be able to re-use the project at the make-up exam. If the student was ill during the writing of the project and did not contribute to project, the make-up/re-exam project can be written individually or in groups (provided that other students are taking the make-up/re-exam). If the student did not pass the regular exam a new or revised project, confer advice from the examiner at the regular exam, must be handed in to a new deadline specified by the programme secretariat
Course content and structure

The course focuses on the following issues faced by international business across emerging markets drawing on literature covering the above mentioned regions.

  • Business Environment: How do emerging markets differ from established market economies? What development strategies have generated growth and internationalization? Why is the development of institutions so important? How do the specific business conditions impact on the strategies and operations of local businesses?
  • Internationalization:How internationalized are emerging market firms? What are the obstacles to export development and internationalization?  What is the role of emerging market MNCs in the global economy?
  • Markets and Market Conditions. Why do multinational firms consider engaging in business in less advanced economies? What adjustments are necessary to established business practices? How are emerging markets influenced by the presence of Western enterprises?
  • Risk: What are the specific risks in emerging markets? How are emerging markets influenced by global crises?
Teaching methods
The method is based on a pedagogical concept of learning by doing. Most of the learning occurs as participants prepare themselves individually before class and thereafter reflect upon the lecture in their groups. The preparation should include a discussion of the literature as well as the assigned case analysis. Students are thus highly recommended to form study groups. During the course, the instructors will ask various groups to prepare presentations on specific questions or aspects for the rest of the class. Furthermore, instructors reserve the right to "cold-call" on students at any time during class. Students are expected to answer questions about the readings from both the instructors and fellow students in an in-depth and well-informed manner from a variety of case based and theoretical perspectives.
Expected literature

There is no compendium for this course. A full reading list will be specified before the first lecture, and posted on Sitescape. The course coordinator uploads as much of the required readings as possible to LEARN. Additional course material will available in electronic form from the CBS library.
Last updated on 02-07-2013