Global Economic Framework

Faculty of Business Management and Social Sciences

Version 12.0 of 10/12/2017

22M0596

Global Economic Framework

• International Business and Management (Master) (M.A.)
• Business Management (M.A.)

4

Global economic framework conditions decisively shape the freedom of action that companies have in open economies. Rational decisions made by management require that important development trends in the global economy are recognised and that their impact on the options available for companies to take is accurately assessed. This module expands and deepens relevant knowledge of global economic processes and structures.

1. World-economic order
2. World-economic institutions (global governance)
3. Causes of world-economic integration (including MNU and foreigndirect investments)
4. Effects of world-economic integration (including the nation state and globalisation; tax competition)
5. Technical progress, demographic change and the geopoliticalsituation
6. Competitiveness of national economies and industries

Knowledge Broadening
Students who successfully complete this module acquire a broad knowledge of global economic trends and assessment criteria.
Knowledge Deepening
Students develop the skills to recognise the connections between global economic processes.
Instrumental Skills and Competences
Students develop the skills to creatively apply their knowledge to various problems within the topic of globalisation and corporate action.
Communicative Skills and Competences
Students present the results of studies as part of the module.
Systemic Skills and Competences
Students combine economic and business analysis methods.

Lectures, group work, individual presentation

very good knowledge of English; basic knowledge of international economic relations

Mayer, Peter

• Edling, Herbert
• Hirata, Johannes
• Mayer, Peter
• Trabold, Harald
• Skala, Martin

5

Gilpin, R. (2001), Global Political Economy, Princeton University Press

Bairoch, P. (1995), Economics and World History, University of Chicago Press

Bhagwati, J. (2004), In Defense of Globalization, Oxford University Press

Stiglitz, J. (2002), Globalization and its Discontents, Penguin Books, London

Stiglitz, Joseph (2015), The Price of Inequality

Landes, D. (2002), The Wealth and Poverty of Nations, Abacus, London

IMF- World Economic Outlook

WTO: World Trade Report

UNCTAD: World Investment Report

IIE: Washington Consensus

• Viva Voce
• Homework / Assignment
• Two-Hour Written Examination
• Oral Presentation / Seminar Paper

none

Ability to carry out an analysis on the competitiveness of nations, and advanced knowledge of global economic trends and global governance, and application of this knowledge to corporate action.

1 Term

Only Winter Term

English