Business in Asia
Associate Professor Keith Trace
6 points * Two 1-hour lectures and one 1-hour tutorial per week * Second semester * Clayton * Prerequisites: Any two of ECO1020, ECO1030, ECO1100, ECO1110, ECO1510 and ECO1520
Objectives On completion of this subject students should have critically examined the major hypothesis advanced to explain the dynamics of growth and change in selected Asian economies; appreciate the main characteristics of the business environment in the selected countries, including business institutions and business practices; understand the role of government and the market as allocators of resources and engines of development; have developed their analytical, written and oral skills by writing a long essay and delivering a tutorial paper.
Synopsis The subject focuses on the recent economic and social development of selected Asian countries (Japan, Korea, Singapore and India), with special emphasis given to the role of the business sector. Topics include entrepreneurship; technological change; the dynamics of comparative advantage; import substitution versus export-oriented industrial growth; the development state; the stages of business growth.
Assessment Written (3000-word essay): 35% * Examination (2 hours): 50% * Tutorial assessment: 15%