Luis Larrea - Global Economy IB500

Textbook: Griffin and Pustay (1999) 2nd Ed. International Business: A Managerial Perspective.
Other readings: Specific articles linked to this website and on reserve in the DePaul Library will be noted.
The instructor as required will distribute additional readings.
Readings: Harvard Business School Cases, (DePaul Bookstore)

Students should keep abreast of current world business developments by reading leading publications on business and world economic issues, e.g., The Economist, The Financial Times, The Wall Street Journal, The New York Times, Business Week, Fortune, Harvard Business Review, Journal of International Business Studies, Columbia Journal of World Business, etc...

Note:Class sessions normally commence with a brief review of current world business issues and problems and their implications. In order to be prepared to engage in these discussions,

Irwin, D., (1996) Against the Tide: An Intellectual History of Free Trade, Princeton.

Yergin, D. and Stanislaw, J., (1997) Commanding Heights, Simson/Schuster, N.Y.

Friedman, T. (1999) The Lexus and the Olive Tree: Understanding Globalization, Farrar, Strauss, Giroux, N.Y.

The Global Economy Course is designed to be an introduction to understanding how business enterprises, industries and governments operate in a global environment. The integration and interdependence of national economies and financial markets, together with the growing number of multinational companies and the increased role of government in determining trade and investments decisions demands a critical analysis of the factors (i.e. financial markets, investment flows, currency fluctuations, etc.) which impact world business.

The course work will examine the environmental factors (political, economic, cultural, and demographic) which affect national economies, industries, and firms. The class will also review and analyze current business issues and developments, which impact national and regional economies. The class will also examine relevant business case studies on world business issues.

Week	Assignment	Chapter
1	General Class Introduction Course Introduction and Overview An Overview of International Business *Reading:* Competing in a Global Marketplace Password: ib500 (case sensitive)	1 Reserve
2	Global Marketplace and Business Centers *Reading:* The Triad Worldview (on reserve) Password: ib500 (case sensitive) Case: Nike in China Summary due	2 Reserve Casebook
3	International Trade and Investment Theory The International Monetary System and the Balance of Payments Reading: The Competitive Advantage of Nations Case: The Flat Panel Display Initiative Write-up due	3 4 Casebook
4	Foreign Exchange and International Financial Markets Formulation of National Trade Policies Case: Fujifilm-Kodak Worldwide Summary Due Project Proposal due	5 6 Handout
5	International Cooperation among Nations Reading: Ohmae, The Rise of the Region State Reading: Chia and Lee, Subregional Economic Zones Case: European Union Mid-quarter exam (take home)	7 Handout Handout Casebook
6	Legal and Political Forces The Role of Culture Case: Mexico: Escaping from Debt Crisis Case: Mexico 1995: The Crisis Returns Summary Due	8 9 Casebook Casebook
7	International Strategic Management *Reading:* Stiglitz, J. (1996) Some Lessons from the East Asian Crisis *Reading:* The Frozen Miracle, The Economist, March '98 Case: Singapore' Trade in Services Case write-up due	10 Handout Handout Casebook
8	Strategies for Analyzing and Entering Foreign Markets International Strategic Alliances Reading: International Alliances as A Strategice Tool of Japanese Electronic Companies Case: Vietnam: Market Entry Strategy Summary Due	11 12 Handout Casebook
9	Managing Behavior and Interpersonal Relations *Reading:* Managerial Styles of Korean Companies *Reading:* Selected readings on Chinese Management Systems	14 Handout Handout Handout
10	International Financial Management	18
11	Final Exam

Course format: The course will be conducted in seminar form, combining lecture and discussion. Class discussion will revolve on the Socratic method of inquiry. The course will include group casework, discussion, and presentations. Class discussion will center on assigned readings and recent/current developments in the global economy and international marketplace

Class participation: Class participation is an important element in the learning process. Students are graded on their participation and contribution to the class discussion. Passive participation will not be graded favorably, therefore, voluntary inputs are strongly encouraged.

PREPARATION: Your participation grade will take account not only the quality of your comments but also your attendance, punctuality, and your preparation. Students are expected to read the assigned material and be fully prepared and ready to open the discussion just as one must be prepared when attending a business meeting. If for some reason, you are not prepared to open a particular class discussion, please inform the instructor prior to the start of class. This professional courtesy will be mutually beneficial.

ATTENDANCE: It is impossible to participate in absentia. Attendance is expected and unexcused absences will adversely affect one's course grade. In all cases of absence, professional courtesy dictates that the instructor is informed prior to class. Failure to do so will cause considerable consternation.

WRITTEN SUMMARIES: Students will be required to research articles regarding global business and economic issues and submit five (5), two-page typed papers relating to the global economy (i.e. international firm, global industry, trade, investment, currency, or financial). Each paper should include; (1), summary of article (2), how it relates to course content and (3), most important, implication(s) and conclusion(s) drawn from the article. The student may differ from the author's conclusion, in which case the student should provide a conclusion and rationale of his/her own. Papers will be due week 2, 4, 6, 8, 10. Late papers are normally not accepted without penalty.

Note: Submitting a plagiarized summary of an article is in violation of the University's Academic Integrity Policy.

CASE Analysis and WRITE-UP: There are several case study sessions included in the course work. Students are expected to be prepared to discuss cases in class. Class work will include small group discussions of each case prior to a general class discusion facilitated by the instructor.

Students will be required to submit a one-page typed summary for specifically assigned cases. The write-up should include (1), brief definitions of the problem or issue and (2), a recommended course of action and rationale. Write-ups will be due on day of discussion. Late Write-up papers are normally not accepted without penalty.

PROJECT: A research project is required as partial fulfillment for the course grade. Students are expected to form teams of two to work on the project. A research paper is expected from the team at the conclusion of the course. Please see attached for project format and other relevant information.

STUDENT-INSTRUCTOR MEETING: Students are encouraged to meet with the instructor outside of the normal classroom setting prior to session six (6).

The research project is designed to help you gain experience in how to conduct a systematic and thorough analysis of a specific topic or issue related to an aspect of the global economy. The key requirement of the project is that it contains analytical content.

The following countries, regions/regional trade blocs and topics are of particular importance and relevant to the course work.

7. World organizations (i.e. IMF, World Bank, WTO)

B. Format:
1. Form a team of two members. Choose a topic of interest. You are welcome to make an appointment with
the instructor to discuss the project.

2. It is required that each team submits a one typed-page research project proposal on week 4. The research
    project proposal should include the following:
    a. Title of the project
    b. Brief description of topic or issue you plan to investigate
    c. Objective(s) of your report
    d. Identify the sources of data and literature
    e. Proposed method of investigation
    f. Describe any hypotheses, plans for data analysis
    g. Indicate expected findings

3. The final paper should not exceed thirty (30) typed doubled-spaced pages, excluding tables, graphs,
    exhibits and appendices. The report is due on the last week of class (week 10). Reports will be graded on
    the basis of quality. An important aspect of a quality is conciseness. Quality is achieved when reports are
    authoritative, well organized, creative, accurate, well documented and interesting. Reports are considered
    authoritative when they are focused and supported by thoroughly documented information.

4. The format of the report will be left to the style and of objective of the authors, however, each paper
    must include the following:
    a. Title page: authors, course name and section, date.
    b. Acknowledgements.
    c. Table of content.
    d. Executive summary (the essence of your report summarized in a maximum of two pages). This is an
        important part of the report and should be carefully considered.
    e. Introduction (the focus of the report, an overview of literature and method of investigation).
    f. The body of the report with appropriate sub-headings.
    g. Conclusions and recommendations.
    h. Bibliography (all sources of data and references must be fully cited using a standard format.

C. Presentation:
    Each team is required to prepare a ten- (10) min. presentation and discussion of their research. It is
    recommended that an overhead projector or PowerPoint presentation be utilized.
    Each team should be prepared to answer questions from the class.

Plagiarism and Cheating: The University takes strong sanctions against plagiarism and cheating. Students should be aware of the rules stated in the current Bulletin/Student Handbook.

Professor:	Louis A. Larrea
Office Location:	DPC 7512
Office Hours:	Tuesday, 4:00-5:00pm and by appointment
Telephone:	Office: (312) 362-6120 Fax: (312) 362-5647
Email:	llarrea@wppost.depaul.edu

Mid-Quarter Exam	20%
Final Exam	20%
Research Project	40%
Written Summaries and Case Write-ups	15%
PARTICIPATION	5%
TOTAL	100%