ECM120-The Economics of the Multinational Enterprise

Module Provider: School of Politics, Economics and International Relations
Number of credits: 20 [10 ECTS credits]
Level:7
Terms in which taught: Autumn term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2019/0

Email: marina.papanastassiou@reading.ac.uk

Type of module:

Summary module description:

The module aims to provide students with an understanding of the economic theory of multinational enterprise that can serve as a basis for practical evaluation of the behaviour and performance of those companies in a globalised world.

Aims:
The module aims to provide students with an understanding of the economic theory of multinational enterprise that can serve as a basis for practical evaluation of the behaviour and performance of those companies.

Assessable learning outcomes:

A full understanding of an economics-based approach to modelling, understanding and evaluating the MNE.  Emphasis on the strategic evolution of the MNE and the impact of innovation and entrepreneurship.  Ability to apply a consistent analytical framework on MNEs to assessment of their role in the contemporary global economy particularly within the context of Global Value Chains (GVCs) and  the UN Sustainable Development Goals (SDGs). 

Additional outcomes:
Encouragement to apply economic models and techniques to issues in globalisation, development and political economy.

Outline content:

• Definition of MNE.


• Reasons for a theory of MNE separate from that of foreign direct investment.


• Historical emergence of MNEs.


• The eclectic framework as an approach to MNEs.


• The MNE as a network of subsidiaries.


• Strategic implications.


• Entrepreneurship and the MNE International New Ventures (startups).  The role of innovation.


• Other theoretical approaches to MNE (product cycle; oligopolistic behaviour).


• MNEs, Global Value Chains and the UN Sustainable Development Goals (SDGs).

Brief description of teaching and learning methods:
Lectures and class discussions. Guidance on extended reading in existing literature. Guidance on applying techniques to practical issues.

Summative assessment- Examinations:
One 2-hour unseen written paper, intended to be comprehensive of everything covered in the module.
Postgraduate examinations are held in the Summer term.

Summative assessment- Coursework and in-class tests:

Coursework comprises one essay (40% of final mark), and An oral presentation (10% of the final mark).

Formative assessment methods:

Strategic questions, in class case-analysis (groups), summaries.

Penalties for late submission:
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Assessment requirements for a pass:
A minimum weighted average mark of coursework and examination of 50%.

Reassessment arrangements:
Re-examination for all modules takes place in August/September of the same year.
Re-assessment is by examination only; coursework is not included at the second attempt.

Additional Costs (specified where applicable):
1) Required text books:
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding:
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:

Last updated: 17 June 2019