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Identical coursesMultinationals and European Institutions (B) (B-KUL-HSA18A)
Pauwels Ann (coordinator) | Pauwels Ann | Sels Annabel | Slangen Arjen Aims
The student identifies the international ‘(European) environment in which companies, and in particular multinationals, operate (1.a, 3.a)
The student masters the major European policy areas and their impact on business (1.a, 3.a., 3.g)
The student distinguishes and can explain how the different global strategies of the MNE determine which foreign entry modes are adequate (2.q.)
The student masters the functioning of the institutions of the European Union (3.g)
The student can analyse the determinants of successful internationalization by MNEs through different theoretical perspectives: transaction cost theory, institutional theory and resource dependence theory (3.i.)
The student analyses and explains current European issues (3.g, 11.c)
The student carries out an international business strategy project for a company in a team and divides tasks to come jointly to a recommendation (9.a).
The student can apply an international business strategy model, gather data at firm, industry and country level to propose an adequate international business strategy (11.c.)
1.a. analyses the environment in which an organisation is active and estimates the influence of environmental factors on the functioning of the organisation.
1.c. uses the analysis of a business economic problem to develop and propose a solution in line with the organisational strategy.
2.q. distinguishes and explains the different internationalisation strategies and processes of organisations.
3.a. detects the impact of regional, national and international environmental factors on corporate policies and estimates the complexity of operating in an international environment when putting together a strategy.
3.g. from a multidisciplinary perspective (and on the economic, legal, historic and social level), situates, analyses and evaluates the main powers and policies of international organisations regarding international trade and investment.
3.i. describes the perspectives of economic science, uses them in a (business) economics context and reflects critically on them.
9.a. in a team and depending on the context, takes on management, executive or supportive tasks and as such contributes actively to a joint result.
11.c. analyses an economic problem in its context, combines data to solve this problem and uses the accumulated multidisciplinary knowledge.
Previous knowledge
There is no specific previous knowledge required for this course
Identical courses
This course is identical to the following courses:
HTH90A : Multinationals en Europese instellingen (BL)
HSH92A : Multinationals en Europese instellingen (S)
Is included in these courses of study
Activities
3 ects. Multinationals and European Institutions (B) (B-KUL-HSA18a)
Content
This course aims at familiarizing business economists with diverse aspects of international and European business. Business is analyzed from two angles; the European political and institutional perspective and the business economic perspective.
More generally speaking, students get a better insight into the international (European, US, Asian) environment that companies operate in and into the functioning of multinational enterprises in this international environment
INTRODUCTION
PART 1: The European political-institutional context
1.1. Introduction
1.2. The institutions of the EU
1.3. EU-policy
1.3.1. The internal market
1.3.2. The economic and monetary union
1.3.3. The competition policy
1.3.4. The regional and social policy
1.3.5. The common agricultural policy
1.3.6. The external relations of the EU
PART 2: The economic theory of multinational enterprises (MNEs)
2.1. Globalizing business
2.2. Theoretical frameworks in International Business: institutional theory (formal/informal)
2.3. Theoretical frameworks in International Business: resource dependence theory
2.4. Investment behavior and financial flows – Analysis of the World Investment Reports
2.5. Investing abroad directly
2.6. Foreign entry strategies
2.7. Starting international business: Born globals
2.7. Strategic alliances and joint ventures
2.8. Cross-border mergers and acquisitions
2.9. Emerging economy multinationals
Mores specific information about the content (and possible changes to the content) will be made available on Toledo.
Format: more information
Interactive lectures with discussions concerning current topics
Evaluation
Evaluation: Multinationals and European Institutions (B) (B-KUL-H74948)
Explanation
Evaluation characteristics
Written, closed book exam.
Determination final result
The grades are determined by the lecturer as communicated via Toledo and stated in the examination schedule. The result is calculated and communicated as a whole number on a scale of 20. The scores for part 1 and part 2 of the course are added up.
Information about retaking exams
Second exam opportunity
The features of the evaluation and determination of grades are identical to those of the first examination opportunity, as described above