ECM120-The Economics of the Multinational Enterprise

Module Provider: School of Politics, Economics and International Relations
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Autumn term module
Non-modular pre-requisites:
Modules excluded:
Module version for: 2017/8

Module Convenor: Prof Robert Pearce


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.

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.

Contact hours:
  Autumn Spring Summer
Lectures 20 1
Tutorials 2
Guided independent study 157 20
Total hours by term 179.00 1.00 20.00
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 70
Written assignment including essay 20
Class test administered by School 10

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:

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: 31 March 2017

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