Multinational trade and investment
Mr Ron Edwards
6 points
* 3 hours per week
* First semester (Caulfield); second
semester (Peninsula)
* Caulfield, Peninsula
* Prerequisite:
FIN1710
Objectives On completion of this subject a student should understand the welfare gains that accrue from international trade and the losses associated with barriers to trade; appreciate the characteristics of Australia's participation in the international economy; understand the role of international institutions like the IMF, WTO and World Bank; understand the motives and operation of regional trade groups; have critically examined the various theories of multinational corporations and investment; understand the various modes of entry available to multinational corporations; appreciate the interaction between foreign direct investment and international trade.
Synopsis Multinational corporations and their role in the international economy; theories of international trade and the characteristics of Australia's role in the international economy; theories of internationalisation of firms; forms of international business including multidomestics, multinationals, transnationals, licensing, franchising and management contracts; the impact on trade patterns of foreign direct investment; locational choice for multinational corporations; regional trade groups and their impact on trade and investment; the institutional environment of international business including the World Bank and World Trade Organisation.
Assessment Minor essay (1000 words): 10%
* Major essay (2000 words):
20%
* Tutorial presentation and contribution: 10%
* Examination (2
hours): 60%
Prescribed texts
Dunning J H Multinational enterprises and the global economy Addison-Wesley, 1992
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