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:
Module version for: 2016/7

Email: r.d.pearce@reading.ac.uk

Summary module description:

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. Ability to apply a consistent analytical framework on MNEs to assessment of their role in the contemporary global economy.

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.
• Discussion of each element of the selection framework.
• Other theoretical approaches to MNE (product cycle; oligopolistic behaviour).
• Use of the theory to evaluate the implications of MNEs.

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.

Other information on summative assessment:
Coursework comprises one essay (20% of final mark), and one test of 1 hour and 50 minutes (10%).

Formative assessment methods:

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

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

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: 21 December 2016