The Global Economic Environment course offers comprehensive examination of the dynamic forces and factors shaping the global business landscape. It equips participants with essential knowledge and skills to navigate the complexities of the global economy and excel as effective leaders in today’s rapidly evolving world. The course delves into key debates related to the global economic environment and covers a range of topics, including the analysis of global economic interdependence, economic growth and development, patterns of international trade and investments, importance of the technological change brought by the Fourth industrial revolution, scarcity of natural resources, and the role of key multilateral economic institutions such as the World Bank, International Monetary Fund, and World Trade Organization. It is designed for students seeking for a deeper understanding of key contemporary global events. It primarily focuses on the economic aspects, while also touching on political and social ones.

Globalization has been transforming the world economy in radical ways and has put tremendous pressure on local businesses as well as on policy makers. To succeed in the global economy and achieve growth within it, a thorough understanding of the global economic environment is crucial. This course aims to develop understanding of the various aspects of the global economic environment by addressing some of the key questions: What are the emerging areas of competition? How can local businesses increase their capabilities and competitiveness to integrate into global markets? What opportunities exist for them to innovate, acquire new knowledge, and expand? What lessons can be learned from global industrial successes and failures? What are the implications of economic policies?

By providing students with an in-depth understanding of contemporary challenges and opportunities in the context of global competition and industrial development, this course tackles these issues. The analytical framework encompasses a macro-level analysis of trade, foreign direct investments, migration and labour markets while also offering an industrial and firm-level perspective. The theoretical and conceptual understanding is grounded in recent empirical evidence and case studies. Thus, the course helps students to navigate the global business environment and shapes them for effective leadership in today’s increasingly complex, changing globalised world.

Class attendance is mandatory.

Class attendance is mandatory and active participation in various in-class assignments contributes to 20% of the final grade.

The final written exam accounts for 60% of the final grade.

The research work output and presentation account for 20% of the final grade.