Modulhandbuch (Module manual)

M.184.2420 Multinational Firms and the Global Organization of Production
(Multinational Firms and the Global Organization of Production)

Koordinator (coordinator):	Daniel Baumgarten
Ansprechpartner (contact):
Credits:	10 ECTS
Workload:	300 Std (h)
Semesterturnus (semester cycle):	WS
Studiensemester (study semester):	3-6
Dauer in Semestern (duration in semesters):	1

Lehrveranstaltungen (courses):
	Nummer / Name (number / title)	Art (type)	Kontaktzeit (contact time)	Selbststudium (self-study)	Status (P/WP) (status)	Gruppengröße (group size)
a)	K.184.24201 / Multinational Firms and the Global Organization of Production	Vorlesung	50 Std (h)	250 Std (h)	P
Wahlmöglichkeiten innerhalb des Moduls (Options within the module):
Keine

Empfohlene Voraussetzungen (prerequisites):
Grundzüge der Volkswirtschaftslehre; Furthermore, a basic knowledge of econometrics (the linear regression model as e.g. covered in W2474 Introduction to Econometrics (Bachelor) is assumed.

Inhalte (short description):
A characteristic feature of today's era of globalization is the importance of global value chains, where production processes are fragmented across countries. Relatedly, multinational firms are key players of globalization. Recently, however, in wake of the Covid-19 pandemic and Russia's invasion of Ukraine, firms have increasingly started to rethink their strategies of organizing production globally, seeking a greater resilience. The aim of this course is to introduce students to the theory and empirics of multinational firms and global value chains from an economics (as opposed to business administration) perspective. Course outline (tentative) 1. Introduction 2. Horizontal foreign direct investment 3. Vertical foreign direct investment 4. The boundaries of multinational firms 5. Global value chains and offshoring: concepts and measurement 6. The effects of offshoring on the domestic labor market 7. The effects of offshoring and multinational firms on the host economy 8. Multinational firms, global value chains, and the propagation of international shocks

Inhalte (short description):

A characteristic feature of today's era of globalization is the importance of global value chains, where production processes are fragmented across countries. Relatedly, multinational firms are key players of globalization. Recently, however, in wake of the Covid-19 pandemic and Russia's invasion of Ukraine, firms have increasingly started to rethink their strategies of organizing production globally, seeking a greater resilience.

The aim of this course is to introduce students to the theory and empirics of multinational firms and global value chains from an economics (as opposed to business administration) perspective.

Course outline (tentative)

1. Introduction

2. Horizontal foreign direct investment

3. Vertical foreign direct investment

4. The boundaries of multinational firms

5. Global value chains and offshoring: concepts and measurement

6. The effects of offshoring on the domestic labor market

7. The effects of offshoring and multinational firms on the host economy

8. Multinational firms, global value chains, and the propagation of international shocks

Lernergebnisse (learning outcomes):

Fachkompetenz Wissen (professional expertise):
Studierende... Students... know basic facts about the global operations of multinational firms and global value chains have a good understanding of the firms' motives for operating in more than one country, of the determinants of internalizing production stages vs sourcing them out, as well as of the effects both in the home country and the host country
Fachkompetenz Fertigkeit (practical professional and academic skills):
Studierende... Students... can evaluate critical assumptions of theoretical models learn to confront theoretical predictions with empirical evidence are able to understand and critically evaluate original journal articles
Personale Kompetenz / Sozial (individual competences / social skills):
Studierende... Students... work in groups. present their results.
Personale Kompetenz / Selbstständigkeit (individual competences / ability to perform autonomously):
Studierende... Students... can relate concepts covered in the course to real-world applications and current challenges in international economics.

Prüfungsleistungen (examinations)
Art der Modulprüfung (type of modul examination): Modulabschlussprüfung
	Art der Prüfung (type of examination)	Umfang (extent)	Gewichtung (weighting)
a)	Klausur	120 min	80.00 %
b)	Präsentation		20.00 %

Studienleistung / qualifizierte Teilnahme (module participation requirements)
Nein

Voraussetzungen für die Teilnahme an Prüfungen (formal requirements for participating in examinations)
Keine

Voraussetzungen für die Vergabe von Credits (formal requirements for granting credit points)
Die Vergabe der Credits erfolgt, wenn die Modulnote mindestens „ausreichend“ ist

Gewichtung für Gesamtnote (calculation of overall grade)
Das Modul wird mit der doppelten Anzahl seiner Credits gewichtet (Faktor: 2)

Verwendung des Moduls in den Studiengängen (The module can be selected in the following degree programmes)
B.Sc. International Business Studies, B.Sc. Wirtschaftsinformatik, B.Sc. Wirtschaftswissenschaften

Umfang QT (participation requirements):

Lernmaterialien, Literaturangaben (learning material, literature):

Teilnehmerbegrenzung (participant limit):
Keine

Sonstige Hinweise (additional information):
This course is taught in English. Also, the course is partly blocked, mostly taking place in January.

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