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2016/2017  KAN-CCMVI2043U  China in the Global Economy

English Title
China in the Global Economy

Course information

Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration Summer
Start time of the course Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 80
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Course instructor - Michele Geraci, Nottingham University Business School, mge.msc@cbs.dk
    Sven Bislev - Department of Management, Society and Communication (MSC)
In case of any academic questions related to the course, please contact the course instructor or the academic director, Sven Bislev at sb.ikl@cbs.dk
Main academic disciplines
  • Globalization and international business
Last updated on 29/05/2017
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: This course will be provide students with a solid understanding of China economy's today and the challenges and opportunities that the country faces and it's importance to the rest of the world. At the end of the course, students will be able to:
  • Understand China's current economic structure
  • Comprehend economic dynamics and drivers of growth
  • Understand China and its place in the world economy
  • Evaluate opportunities for Western Companies
  • Critically analyze economic news and analysts' commentaries
  • Develop an interest in China for further studies
Course prerequisites
None
Examination
China in the Global Economy:
Exam ECTS 7.5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 10 pages
Assignment type Written assignment
Duration 72 hours to prepare
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Summer, Ordinary exam: End of July - beginning of August 2017.

Retake exam: End of September - beginning of October 2017.

3rd attempt (2nd retake) exam: End November - beginning of December 2017.

Exam schedule is available on http://www.cbs.dk/summer http:/​/​www.cbs.dk/​uddannelse/​summer-university-programme/​exam.
Make-up exam/re-exam
Same examination form as the ordinary exam
Home project assignment, new exam question
Course content and structure

This course’s main objective is to provide students with tools to successfully conduct business in China.  In the West, there are many mis perceptions about China that often lead to wrong business decisions and, eventually the failure of the venture. In order to get a full understand, we will compare China to other modern economies but we will also spend time of compare today's China to yesterday's China, to understand the development dynamics: just taking a snapshot of the current situation often fails to identify the direction in which the country it is moving. To make things even more complex, China itself is far from being a homogeneous country with many regional peculiarities that must be taken into account when deciding not only “if to do business in China”, but also “where in China to do business”.

 

In this course, we will address all main themes of the current economic situation in China. It will be a journey across this wonderful country that will take us from to the remote countryside areas to the modern skyscrapers of Shanghai to understand what it is that has made 1.3 billion people growth at 10% per year for almost 40 years. We will understand why every year 20 million people leave the rural areas, how this flow of people fuels the manufacturing industry which, in turns, support the real estate sector and how is all this development financed by the banking system. 
We will have sessions focusing on individual industries, from three different angles: production, consumption and technology. The discussion of industries will also be a pretext to go deeper into the analysis of the economic structure of the country.

 

In almost every class, we will use international comparisons, so that the student acquires an understanding of the relative position of China in the world economy.

 

We will conclude by discussing the new growth sectors that offer best investment opportunities. 

 

At the end of the course, students should have developed a deep understanding of China and, hopefully, this will have enhanced their desire to know more.

 

Class 1: Review of China Reforms and Development:1978 to today

Class 2: Structure of Chinese Economy and New Normal

Class 3: China's Rural Economy and Income Disparity

Class 4: Migration, Urbanization and Real Estate

Class 5: Central Bank, Monetary Policy Banking and Financial System
Class 6: Government Fiscal Policy, Debt and Crisis

feedback activity: 

Class 7: Industry Focus: Manufacture, Energy, Fashion, IT, Food

Class 8: Saving, Consumption, Demographics and Middle Class

Class 9: International Trade, FDI and RMB Internationalization

Class 10: One Belt One Road, Silk Road, AIIB and Int' Relations

Class 11:  Reviewing and putting it all together. 

Teaching methods
The course will include lectures and class discussions. In addition, to the standard lecture, there will be frequent use of reading materials taken from current affairs that we will discuss in class. Students are encouraged to actively participate in class discussion.
Student workload
Preliminary assignment 10 hours
Classroom attendance 33 hours
Preparation 144 hours
Feedback activity 7 hours
Examination 12 hours
Further Information

Preliminary Assignment: To help students get maximum value from ISUP courses, instructors provide a reading or a small number of readings or video clips to be read or viewed before the start of classes with a related task scheduled for class 1 in order to 'jump-start' the learning process.

 

Feedback Activity: A feedback activity defined by the course instructor will take place approx. half-way through the course.

 

Course timetable is available on http://www.cbs.dk/uddannelse/summer-university-programme/courses

Expected literature

Nice-to-have:

Arthur Kroeber: China’s Economy – What everyone needs to know

Oxford University Press, 2016

Last updated on 29/05/2017