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| Module Availability |
| Autumn |
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| Assessment Pattern |
| Unit(s) of Assessment |
Weighting Towards Module Mark (%)
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| 2 hour Examination |
70
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| Coursework 1 |
10
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| Coursework 2 |
20
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Qualifying Condition(s)
A weighted aggregated mark of 40% is required to pass the module |
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| Module Overview |
| The module considers the nature of business and competition in the modern global economy using economic analysis |
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| Prerequisites/Co-requisites |
| None |
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| Module Aims |
| To familiarise students with analytical concenpts and models which assist in the understanding of the global competitive environment |
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| Learning Outcomes |
By the end of the module the studetn will understand
- some of the causes and consequences of international specialisation
- the nature and consequences of product market competition and innovation in the modern global economy
- the role of firms and the causes and consequences of Foreign Direct Investment
- the role of clusters and networks in promoting innovation
- the role of institutions and policies in promoting international business competitiveness
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| Module Content |
- Likely topics include:-
- models of international comparative advantage
- technology and endowments of factors of production as sources of comparative advantage
- the implications of trade for economics
- technolgy and its international deffusion
- learning by doing and dynamic comparative advantage
- infant industries and the case for protection
- models of product competition int he global economy
- price versus non-price competitiveness
- horizontal and vertical product differentiation and innovation
- increasing returns and the role of market size
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| Methods of Teaching/Learning |
| Lectures (11) |
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| Selected Texts/Journals |
No single text-book covers al the topics. However S.Brakman, H. Garretson, C. Marrewijk, and A. Witteloostuijn, Nations and Firms in the Global Economy, Cambridge, Cambridge University Press 2006 provides good background and discussion to much of the material
Innovation provides a key theme for many components fo the module, here G.M Peter Swann provides a good introduction in the Economics of Innovation, Edward Elgar, 2009, Peter A Hall and David Soskice in Varieties of Capitalism, Oxford University Press 2001, consider the role of institutions and institutional complementarities in creating different business environments around the world |
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| Last Updated |
10 March 2011 |
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