Code:
UITB501CM Title:
International Managerial Decision Making Version: 1
Level: M
UIT credit rating: 3
Module type: Standard
Valid from: March 2003
Contributes towards: MBA (see
notes)
Pre-requisites: None
Co-requisites: None
Excluded combinations: None
Learning
outcomes:
On completion of this module successful
participants should be able to:
a)
Knowledge and Understanding
compare and contrast the range of theories,
concepts and models in the field of managerial decision-making processes
of international firms identify the strategic choices available
to an organisation in different markets and industries understand
the scope, limitations and boundaries of the subject and its relevance
to other subjects studied in this programme appreciate the strategic behaviour of
international enterprises within an oligopolistic
structure.
b)
Subject-specific Skills
recognise, select and apply appropriate knowledge, techniques and concepts systematically
and creatively to particular business decision situations and problems
adapt thinking to new business environments as a result of global economic
changes and arrive at appropriate optimal set of solutions to managerial
decision problems.
c)
Cognitive Skills
evaluate the firm’s position within different markets and analyse its strengths
and weaknesses demonstrate initiative and originality in problem solving, using differnt approaches.
d)
Transferable Skills
conduct an extended research into the
areas of international economic management and write information
concisely and objectively, using relevant journal articles, Internet,
statistical packages and other sources communicate with peer groups orally
and electronically through the first class conference system make appropriate use of relevant computer packages and other sources in
the analysis of real-case problems present written work in an appropriate
and thoughtful manner.
Integrate the managerial decision making
with other managerial functions such as accounting, finance, human
resource and marketing.
Syllabus
Outline:
● The Framework
of International Managerial Decision Making
●
Demand Analysis and Estimation
● Application of Elasticities
in Managerial Decision Making
● Business and Economic Forecasting
● Applications of Cost Theory in International
Settings
● Global Strategic Behaviour of Oligopoly
● Strategic Decision Making
● Decision Making Under Uncertainty
● Pricing Strategies in International Context
● Management of Exchange Rate Risk
● Long Term Investment Decision
● Risk and Crises Management
Teaching
and Learning Approaches:
The module will be based on a series of lectures
and seminars applying managerial economics techniques and models
in the decision-making processes of international enterprises. The
lectures will be used to deliver 12 major topics on the issue and
set the context for debate and further studies.
Workshops will be aimed at developing and advancing students’
analytical skills together with application of economic management
tools using real case studies. A number of workshops will involve the use of
on-line material and other computer based exercises as a base for
learning. Private study with guided reading enhances student’s ability
to use internet resources and computer software to support their
study. You are advised to solve problems, using your own personal skills,
set out in the module handbook and communicate with your module
leader through Blackboard.
Indicative Readings:
Anderson, D.R., et al. (2003). Management
Science: Quantitative Approach to Decision Making, 8th Edition, West.
Baranoff, E. (2003). Risk Management and Insurance, 8th edition,
Wiley.
Baye, M. (2003). Managerial Economics and Business
Strategy, 4th Edition, McGraw Hill.
Besanko, D. (2003). The Economics of Strategy, 2nd
edition, Wiley.
Krugman, P. and Obstfeld, M. (2003).
International Economics, 6th Edition, Pearson.
Madura, J. (2003). International Financial Management, 2nd
Edition, South Western.
Png, I. (2001). Managerial Economics, 2nd Edition, Blackwell.
Rosenfield, R. and Wilson, D. (1999). Managing Organizations, McGraw Hill.
Samuelson, W.
(2002). Managerial Economics, 4th edition, Wiley.
Salvatore, D. (2001). Managerial Economics in a Global Economy, 4th ed., Thomson
Learning.
Assessment
Weighting between components
A and B: A = 50% ;
B = 50%
ATTEMPT 1
First Assessment Opportunity
Component A
Description of each element
Element weighting
1. Essay (1,500 words)
1
Component B
Description of each element
1. Examination
1
Second Assessment Opportunity (further participation
is not required)
Component A
Description of each element
1. Essay (1,500 words)
1
Component
B
Description of each element
1. Examination
1
Specification
confirmed by……………………………………Date……………………..
Faculty Dean/Programme Manager
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