Syllabus & Course Requirements

Country Reports

• Focus of the course will be on evaluating the current business and economic environment at the country level.

Why?• First step of doing business in a new market is

understanding the macro level environment. • Policies are analyzed at a comparative level.

Aggregate outcomes have a strong correlation with individual outcomes.

P.E.S.T. AnalysisStrategic Planning

Link

Poor people in rich countries vs. rich people in poor countries

Average High Average Low AverageHigh Income of Middle Income of Middle Income ofIncome Bottom 20% Income Top 20% Income Top 10%Countries of Pop. Countries of Pop. Countries of Pop. Austria $11,061 Chile $14,430 Philippines $3,822Canada $7,972 Mexico $14,397 El Salvador $8,155Germany $10,864 Costa Rica $9,479 Egypt $3,939Sweden $13,451 Thailand $4,839 Angola $1,834United States $9,483 Lithuania $6,376 Georgia $2,198

Tunisia $4,927 Guatemala $7,697

World Development Indicators & calculations

http://databank.worldbank.org/ddp/home.do?CNO=2&Step=12&id=4

Focus: Quantitative and Concrete Analysis

• Why? Qualitative Approaches valid but• Quantitative methods more accessible and

make for more direct comparisons. • Economics focuses on quantifying outcomes.

Focus: Primary Sources

• Read Original Scholarly Work• Real World Data• No Textbook, only Reading Packet

OutlineI. IntroductionA. Course Details – SyllabusB. Globalization – Trends in globalization.

Discussion of comparative advantage and alternative ideologies. Alternatives to Globalization.

C. Country Analysis Framework Introduction. Context. Orientation. Comparison groups. Performance.

II. ContextA. Resources Natural Resources; Curse;

Human Capital; Demographics.B. Institutions Foundations. Players of the

Game. Formal institutions. Social Capital.

C. Foundations. Colonial History. Political Environment. Social Capital

D. Culture/Mind Models

III. StrategyA. Market Orientation Varieties of

CapitalismB. History of Development Strategy

Industrial policyC. Alternative Models of

Development Happiness, Human Development

D. Competitiveness. E. Transition Strategies (if time)

IV. RisksA. Political Risk Social Conflict;

Government RiskB. Fiscal Risk Taxes; Budget

Sustainability; DefaultC. Financial Crisis (if time)

Homework Assignments

• Form groups of 2-3 people.• Three homework assignments: 25 points total

Paper

• Country Report: Write an analysis of a country of your choice (not HK, USA, PRC or Korea).

• Use the tools learned in this course and real world research.

• Maximum 6 pages including bibliography, tables.

• Individual work.• 25 points

Writing Assignment• 4-6 Double Spaced report on country analysis• Due: Friday, December 6th, 2014• Cover background, business environment,

social welfare, development, risks of a single country.

• Use data sources, http://home.ust.hk/~davcook/Data%20Sources.htm

Private analysts construct reports…www.eiu.com

http://www.imf.org/external/pubs/cat/longres.aspx?sk=24406.0 http://www.imf.org/external/pubs/cat/longres.aspx?sk=24406.0 http://www.imf.org/external/pubs/cat/longres.aspx?sk=24406.0

Exam

• In class– Midterm Exam: 15 points– Final Exam: 35 points