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Dates |
| 14 August - 26 August 2006 |
AF207
Multinational Business Finance |
| PREREQUISITES: Corporate Finance
or Financial Management |
| Dr Jiawen Yang |
This course provides a description
of the international financial environment within which multinational
firms and financial institutions operate and deals with the theories
and practices of international financial management. Through the
analysis of international parity conditions, students will learn
the fundamental concepts of exchange rate determination. Currency
forwards, futures, and options are introduced so as to help students
develop the key skills and techniques in managing transaction exposures
to exchange rate risk. Accounting and operating exposures are introduced
and analyzed during the course as well. In discussing international
financing strategies, interest rate instruments such as futures,
options, and swaps are introduced to cover interest rate risks.
Finally, the course describes international investment strategies
including multinational capital budgeting.
The basic objective of this course is to enhance the ability of
the student to evaluate the international financial and monetary
framework and then to analyze and solve problems arising in the
international financial operations of a firm. Through the lectures,
class discussions and exercises, students will obtain the concepts
and skills of exchange rate and interest rate risk management and
formulate international financing and investment strategies.
Students will be given a few problem sets for review and practice
and take a series of quizzes and a final exam to fulfill the requirements
of the course. |
Text
DK Eiteman, AI Stonehill and MH Moffett, Multinational Business
Finance, 10th Ed, Addison Weekly, (2004).
Lectures: 36 hours Classes: 12 hours
Assessment: 5 quizzes and one final examination |
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| Prerequisites: Economics of
Introductory Level |
| Professor Justin Lin |
This course will the provide
students with a theoretical framework for analyzing the fundamental
economic problems that China encountered and faces during its reform
and development process. The theoretical framework that is used in
the course shall be useful for understanding the problems of
development and reforms in other countries as well.
The course will focus on the following issues:
1. Why were China's technology and science so advanced in the
pre-modern times and so backward in the modern times?
2. Why was China's overall economic performance disappointing before
the reforms in the late 1970's and why has its performance been
quite remarkable after the reforms?
3. Why does the Chinese economy encounter a series of chronic
problems, such as inflation, overheating, corruption, and regional
disparity, after the reforms in spite of a remarkable overall
performance?
4. What further reforms are required for the Chinese economy to
achieve a sustained growth in the future?
5. What business opportunities will arise from China’s development
and reform?
There are two aspects of development: a sustained growth of output,
and the improvement of health, quality of living, environment, etc.
A sustained growth of output is the basis of growth. The focus of
the course will be on growth. The goal of the course is to provide a
framework for understanding the nature of and solutions for the
current problems China is facing, and to help students understand
the business opportunities arising from China’s development. |
Textbooks
• Justin Yifu Lin, Fang Cai, and Zhou Li. The China Miracle:
Development Strategy and Economic Reform, (Revised) Hong Kong:
Chinese University Press, 2003 (English edition).
• Justin Yifu Lin, Fang Cai, and Zhou Li. State-owned Enterprise
Reform in China, Hong Kong: Chinese University Press, 2001 (English
Edition).
Other readings will be suggested.
Discussion and Assessment
Each student is required to join a voluntarily formed group in order
to participate in the class discussions. Each group will also be
required to prepare a mid-term paper to address a specific issue of
China’s reform. There will be a final exam. The mid-term paper and
the exam each counts for 50 per cent of the final grade.
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Prerequisites: None
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| Professor Michael Cox and
Professor Arne Westad |
| Two dates mark the beginning and
termination of two very different eras: one was November 1989 when
the Cold War finally came to a peaceful conclusion; and the other
was September 11 2001, when radical Islamists attacked the United
States. The two events taken together turned the world upside down -
twice - and forced policy-makers and students of international
affairs to rethink old assumptions. In this course we shall seek to
show how the world has adapted to these, and other equally important
changes, including the rise of China. In the first part of the
course we shall examine the Cold War in its final decade up to 1989,
how historians have sought to explain the end of the Cold War,
whether or not there is now a ‘new’ Cold War history, and the impact
that the end of the Cold War had in East Asia. In part two we shall
analyze some of the main predicted changes in the international
system after the Cold War. We shall look in particular at the
globalization debate, the new US hegemony, the transition in Russia,
Europe and its problems, the fate of the Third World project, and
the course of US-China relations. In part three we shall conclude
with a discussion of the principal questions engaging - and dividing
- students and practitioners of international relations today: the
war on terror, the decision to go to war against Iraq, the spread of
nuclear weapons, the policy implications and possible resolution of
the 'new' Transatlantic crisis, and finally, what a new China will
mean for world politics in general and the United States in
particular. |
Readings:
• Michael Cox, Ken Booth and Tim Dunne eds; The Interregnum:
Controversies in World Politics, 1989-1999. Cambridge University
Press.
• John Baylis and Steve Smith eds; The Globalization of World
Politics. Oxford University Press, revised edition 2005
• Arne Westad, Global Cold War. Cambridge University Press, 2005.
Assessment: 50% essay of 1500 words and 50% examination |
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| Prerequisites: Basic knowledge of
Chinese history, politics and post-World War II international
relations. |
| Professor Wang Jisi |
The purpose of this course is to
learn about the history, thrust, and determinants of Chinese foreign
policy since the founding of the People’s Republic of
China in 1949. Emphasis will be placed on new characteristics of
China’s foreign relations in the Post-Cold War era against the
background of globalization and the changing Chinese society. The
course is designed to offer a Chinese perspective, while other
perspectives and viewpoints are also provided so as to stimulate
discussions among international students. Those who want to take
this course should have gained basic knowledge of Chinese history,
politics, and post-World War II international relations. Previous
training on theories of international politics will also be helpful.
Main Topics:
1. Historical background
2. ‘Leaning toward one side’: 1949-1957
3. ‘Revolutionary Diplomacy’: 1958-1971
4. From rapprochement to opening and reform: 1972-1988
5. Pragmatic thinking and practice: 1989-2001
6. ‘Peace, development and cooperation’: 9/11-present
7. Domestic determinants
8. Foreign policymaking in China
9. The ‘rise of China’ and emerging global challenges
10. Concluding analysis and forecast |
Readings
• Chen Jian, Mao's China and the Cold War, University of North
Carolina Press, 2001
• David M. Lampton, ed., The Making of Chinese Foreign and Security
Policy in the Era of Reform, 1978-2000, Stanford University Press,
2001.
• David M. Lampton, Same Bed, Different Dreams: Managing U.S.-China
Relations, 1989-2000, University of California Press, 2001.
• David Shambaugh, ed., Power Shift: China and Asia's New Dynamics,
University of California Press, 2006.
Assessment: written work, participation and 1 written examination |
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| Prerequisites: An interest in
globalisation, law or international trade would be an advantage. |
| Professor Francis Snyder |
| This course is designed to
provide students with the knowledge and skills for analyzing
relations between globalization and law, the regulation of
international trade and global markets, and the governance of
globalization. It considers a series of dilemmas which
globalization, regulation and governance pose for law today,
involving global transformations and local practices, international
trade regulation and national sovereignty, regulation and
competition, and global governance, democracy and legitimacy. As
illustrations, we focus on a series of case studies, such as the
globalization debate, the effects of globalization on law, the
creation and development of the WTO, WTO and national sovereignty,
international trade in textiles, anti-dumping and circumvention,
China and the issue of market economy status, international and
national regulation of food safety, patents and access to essential
medicines in developing countries, food security in developing
countries, internationalization of higher education, and China and
the WTO. Through theoretical readings and case studies, students
learn how to analyze these dilemmas, to understand the ways these
dilemmas are dealt with in the contemporary world, and to use their
knowledge in law, government and business in the future. |
Textbooks and Reading:
• A Course Pack of theoretical readings and case studies will be
sold to students.
• Braithewaite and Drahos, Global Business Regulation (Cambridge
University Press, Cambridge, 2000)
• Snyder, 'Economic Globalization and the Law in the Twenty-first
Century', in Austin Sarat (ed), The Blackwell Companion to Law and
Society (Blackwell Publishing, New York, 2004), pp 624-640.
• Snyder, ‘The Origins of the “Non-Market Economy”’, European Law
Journal, vol. 7, no. 4 (December), pp 369-424
• Snyder, The European Union, Globalization and China, published as
the first part of Francis Snyder and Tang Qingyang (eds), EU
Antidumping Law: Theory and Practice (China Law Press, Beijing,
2005)[in Chinese]
• Matsushita, Schoenbaum and Mavroidis, The Law and Policy of the
World Trade Organization: Law, Practice and Policy (Oxford
University Press, Oxford, 2nd edition 2006).
Discussion and Assessment
Students will be required to form groups for the purpose of class
discussion, negotiation games and exercises. Assessment will be
based on a 1500-word midterm paper (50%) and a final examination
(50%). |
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| Prerequisites: none |
| Dr Jeffrey P. Shay |
| This course is designed to
provide students with the knowledge, skills, and abilities necessary
to plan, finance, develop and operate a new business venture.
Through the analysis of case studies on entrepreneurial ventures and
writing their own business plans, students learn how to assess the
attributes of entrepreneurs, determine the attractiveness of new
venture opportunities, and gather the resources necessary to convert
a viable opportunity into an entrepreneurial venture. This course
concentrates on: searching the environment for new venture
opportunities; matching an individual’s skill set with a new venture
opportunity; evaluating the viability of a new venture; obtaining
financial resources for a new venture; and starting up and operating
a new venture. This course uses a combination of lectures, case
studies, class discussions, and experiential exercises in order to
expose students to the challenges that entrepreneurs face in
conceiving, planning, financing, and operating a new business
venture. This experience provides students with a framework that can
be applied to assessing their own business ideas in the future. The
main project for the course requires student teams of four to five
students to develop a business plans for a new business venture of
their choice. |
| Bygrave, The Portable MBA in
Entrepreneurship, 3rd Edition Further Information about the course
is available at:
http://www.business.umt.edu/faculty/s hay/LSEWEB/LSEentrepreneurshipdefault.htm
Lectures: 36 hours Classes: 12 hours
Assessment: 2 written examinations |
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