HARVARD SUMMER SCHOOL 2017
“The International Economy and Business”
Class starts on Monday June 19, 2017 and meets Mondays and Wednesdays through August 2, 2017.
Class Room: Sever Hall 206
Class Time: 3.15—6.15 PM Mondays and Wednesdays
Section/Group Meetings: TBA
Professor: Dr. Lal C. Chugh
E-Mail: email@example.com; firstname.lastname@example.org
The International Economy and Business: Introduction
The objectives of the course are to enhance our understanding of various economies of the world and their interdependence, and to analyze changing global financial and trade systems. The first few class sessions discuss macro economics, monetary and fiscal policies in order to lay the groundwork for issues related to country analyses, and interdependence. The course discusses different economic issues & policies of the US, China, Brazil, Mexico, Japan, Norway, Turkey and South Africa. It analyzes various models of integration (why disintegration?) such as EU, EURO, NAFTA and WTO, and others. The recent global credit and currency crises including sovereign risk (Iceland, Greece and Argentina) are discussed as well. The thrust of the course is to provide an understanding of dynamism of global financial and economic environment facing businesses. The course relies heavily on case analyses and active class discussion.
Textbook and other Materials
(“International Economy 2017” 14 cases)
Harvard Square 1308 Massachusetts Ave. 617-491-1111
Other business periodicals is essential.
SESSION &DATE READINGS, ASSIGNMENT & DISCUSSION
Readings and Discussion Material particularly for the first three classes will be available in the course packet from Gnomon Copy (CPG).
1 Mon. 6/19 Introduction, Macroeconomics Model,
GDP & components of GDP; Growth Accounting
2 Wed. 6/21 Monetary and Fiscal Policies, and Exchange Rates
3 Mon. 6/26 International Trade and Balance of Payments
Readings : CPG
Models of Integration/ Disintegration
Issues of Globalization
4 Wed. 6/28 Cases: Distance Still Matters Article from HBR
The Stalemate at the WTO
To Trade or Not to Trade: NAFTA
5 Mon. 7/3 Cases: The German Export Engine
Can EURO Zone survive?
6 Wed. 7/5 Cases: China: “Unbalanced”
7 Mon. 7/10 Case: Japan: Betting on Inflation
8 Wed. 7/12 Cases: Norway: The Embarrassment of Riches
South Africa: A Fractured Rainbow
10 Wed. 7/19 Case: Turkey—Work in Progress
Discussion on Role of State
Currency Crisis, Sovereign Defaults and Resolution
11 Mon. 7/24 Cases: Iceland (A)
Presentation on Crises.
12 Wed. 7/26 Case: Barber of Buenos Aires: Argentina Default
13 Mon. 7/31 Paper Presentations
14 Wed. 7/2 Paper Presentations
Grading, Examination and Papers
Three Cases------------45% (Each case=15%)
Total --------- 100%
think of new topics and choose your own topic for the research
Credit and Currency Crisis in general or as to how a country is being affected;
Currency Flows amongst countries, and IMF as a regulator ??
What kind of global/ international monetary system is needed? Relevance of IMF and World Bank; IMF’s Role as a lender; Role of Asian Infrastructure Investment Bank (AIIB). IMF, WORLD BANK;
Role of Dollar; Role of Yuan/ Renminbi;
Analyze a country-----Choose a country and evaluate the potential and the risks of investing $100 million in that country.
Analyze the impact of fluctuating FX rate on a particular company----its sales, costs, and location and financing decisions.
Should FTAA or other regional trade agreements be encouraged? What are the benefits and costs to a particular country? Choose any country.
You may choose any regional trade agreement to discuss economic issues in general or for a country.
Is currency union amongst a group of countries desirable? What are the Benefits and Costs? What are desirable conditions for the adoption of a currency union? For example Euro ;
Future of Euro and adoption of Euro; Adoption of a single currency for a block of countries in Africa/ South America/Asia.
Implications, Challenges and Policies related to any one of the following issues:
Immigration across countries;
Poverty, Inequality of Income and wealth across and within countries
Harvard Summer School 2017
Course: “ International Economy and Business”
MGMT-S 2050 Course # 33137
List of Cases from HBS Publishing
“International Economy 2017” http://cb.hbsp.harvard.edu/cbmp/access/64462200
Long Term Growth 713-040
Total= 14 cases. All cases are available at HBS Publishing. Link to buy these cases http://cb.hbsp.harvard.edu/cbmp/access/64462200
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