Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.
LEARNING OUTCOMES
Students will augment their understanding and knowledge of the emerging markets that help future managers/economists make better investment decisions in emerging markets.
Credits: 6
Schedule: 07.01.2019 - 20.02.2019
Teacher in charge (valid 01.08.2020-31.07.2022): Svetlana Ledyaeva
Teacher in charge (applies in this implementation): Svetlana Ledyaeva
Contact information for the course (valid 12.11.2018-21.12.2112):
Svetlana Ledyaeva, svetlana.ledyaeva@aalto.fi
CEFR level (applies in this implementation):
Language of instruction and studies (valid 01.08.2020-31.07.2022):
Teaching language: English
Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
Valid 01.08.2020-31.07.2022:
Emerging economies will likely provide substantial growth opportunities for global investors. But the risks of investing in these economies are not only substantial but also different from those in developed economies. The objective of this introductory course on emerging markets is to provide students with a basic conceptual framework and practical knowledge regarding investments in emerging markets. The unit of analysis of the course ranges from countries to multinational and domestic companies in emerging markets. The course deals with macroeconomics, but also focuses on the unique political and institutional context in emerging and frontier markets. The course consists of four interrelated modules that affect growth and business opportunities in emerging markets.
First module helps to understand the process of economic growth and development, and in so doing develop the ability to analyze an emerging market at the level of the country.
Second module concerns institutional context of investment decisions in emerging markets.
In third module, we will examine companies working in emerging markets and how they must manage investment risks as well as develop strategies to overcome the institutional weaknesses of the environment.
Finally, in fourth module, we will have four round tables where students will present their individual reports on chosen emerging countries and will be asked to take the perspective of different decision-makers, such as politicians, investors, and managers.
Applies in this implementation:
The course consists of 8 lectures of the main lecturer Svetlana
Ledyaeva and 4 round-tables. The slides and reading items of these lectures will uploaded in
the Materials section. Details about round-tables will be uploaded in the Materials and Assignments sections.The attendance is not mandatory. However, I will give 5 additional points for those who
will attend 5 out of 8 lectures and
providing course feedback at Weboodi. Instructions will be given at the lectures.
Assessment Methods and Criteria
Valid 01.08.2020-31.07.2022:
Spring 2021:
Presentation of individual essay-report at round-table 15%
Individual essay-report on a chosen emerging country 35%
Term Paper 40%
Participation in four round-tables 10%.Spring 2022:
Presentation of individual essay-report at round-table 15%
Individual essay-report on a chosen emerging country 35%
Exam 40%
Participation in four round-tables 10%.Applies in this implementation:
I will compute final points as simple sum of points
for all tasks. Based on these points I will give the following grades:The
final grades` scheme:5:
86-100%4:
70-85%3:
60-69%2:
50-59%1:
40-49%.I will give 5 additional points for those who
will attend 5 out of 8 lectures and
providing course feedback at Weboodi. Instructions will be given at the lectures.
Workload
Valid 01.08.2020-31.07.2022:
Lectures 22h
Home assignments (round-tables) 15h
Individual essay-report on a chosen emerging country 65h
Preparing for lectures 20h
Revision/self study 19h
Preparation for exam 15h
Exam 4h
Total 160
DETAILS
Study Material
Valid 01.08.2020-31.07.2022:
Articles, book chapters, etc. as specified by the instructor.
Applies in this implementation:
Course materials will be uploaded in the Materials section.
Prerequisites
Valid 01.08.2020-31.07.2022:
This course is only for students who have completed their Bachelor's Degree.
SDG: Sustainable Development Goals
8 Decent Work and Economic Growth
FURTHER INFORMATION
Details on the schedule
Applies in this implementation:
Lecture 1 Introduction to emerging markets
Lecture 2 Macroeconomic
development in emerging marketsLecture 3 Inflation and exchange
rates in emerging marketsLecture 4 Crises in emerging markets
Lecture 5 Commodities and
emerging markets. The resource curselecture 6 Institutions in
emerging marketsLecture 7 FDI,
multinationals and domestic companies in emerging marketsLecture 8 Industries, industrial policies and global
value chains in emerging marketsLecture 9 Round-table:
Investment decisions in Central and East-European emerging marketsLecture 10 Round-table:
Investment decisions in Asian emerging marketsLecture 11 Round-table:
Investment decisions in Latin-American emerging marketsLecture 12 Round-table: Investment
decision in African emerging markets