Introduction to Accounting (15 credits)
Explain and interpret financial concepts, principles and practice; Explain and interpret accounting concepts, principles and practice; Understand and critically assess financial statements and accounts of businesses and other organisations; Construct financial statements, accounts and reports using different conventions and techniques; Explain how financial statements and accounts may be used to inform managerial decisions in different countries and organisational contexts.
Management in Japan and Korea: Domestic and International Developments (30 credits)
Acquire a firm understanding of the key elements of the economies of Japan and Korea from an international management perspective.
Organisational Behaviour (15 credits)
A thorough knowledge of the basic theories and principles that underpin organisation behaviour. An ability to apply these principles to understand the sociological, managerial and psychological factors that underpin organisational behaviour. A critical understanding of the factors that shape and change organisational structures. An understanding of inter-organisational relationships and networks. A critical understanding of how such factors as identity, leadership, motivation, decision-making, and creativity affect organisations. The ability to critically apply standard theories of organisational behaviour to non-standard or cross-cultural environments. An ability to apply the above to practical case studies of management and assess their effect on organisational performance.
Quantitative and Analytical Techniques for Managers (15 credits)
Demonstrate knowledge of hypothesis formulation and specification; Understand basic probability theory and its application to econometrics; Apply and interpret the classical linear regression model to time series and cross-section data; Understand the assumptions of the classical linear model and the effects of violation of the assumptions; Apply diagnostic tests; Understand the problems of multicollinearity; heteroscedasticity and autocorrelation; Use and interpret models/techniques that correct for autocorrelation, heteroscedasticity and multicollinearity; Use and interpret regression models for qualitative and binary data; Understand the distinction between correlation and causation and of the problem of simultaneity; Show an appreciation of the limitations of quantitative analysis applied to complex systems of relationships that characterize many management and economic problems.
Principles of Management (30 credits)
The objectives of organisations; The core functions of management; The combination of core functions via strategy and planning; The external economic and regulatory environment; How internal and external factors combine to shape organizational performance; Empirical applications based on quantitative analysis and case studies.
Principles and Management of Marketing (15 credits)
Show an appreciation of the principles of marketing; Show an appreciation of the scope of marketing as a management discipline; Understand marketing as a social enterprise; Understand the various skills needed by the marketing manager in different contexts; Demonstrate an ability to explain and interpret marketing practice; Understand the strategic functions of marketing.
International Business Strategy (15 credits)
Analyze the issues pertaining to foreign direct investment (FDI). Analyze the advantages and the disadvantages of the different modes of firm internationalization. Analyze in detail the role of multinational firms and the issues related to outsourcing and offshoring in emerging countries.
Managerial Economics (15 credits)
Understand the basic principles of micro and macroeconomics; Apply economic principles to business situations; Understand the role of economics in managerial decision-making and public and private decision making; Understand the principles of strategic interaction and competition and apply them to business strategy formation; Understand the impact of macroeconomic forces, such as trade, growth and globalization, on business performance and the wider economy.
Business Ethics and Corporate Social Responsibility (30 credits)
Principles of ethics. Ethics and the role of the firm. Ethics and firms’ management structure and strategy. The relation between ethical principles and individuals’ decisions in management. Critical evaluation of concepts of business ethics. Applying ethics in problem-solving through case studies.
International Marketing 1: The Environment (15 credits)
Appreciate the principles of international marketing; Appreciate the scope of international marketing as a management discipline; Understand how consumption is influenced by factors in the environment, in particular by culture; Understand the functions of international marketing; Demonstrate an understanding of the various skills needed by the international marketing manager in different environments; Explain and interpret international marketing practice.
Qualitative and Case Study Research (15 credits)
Read published qualitative research in international business; Read and learn from published case studies; Conduct their own qualitative research; Understand the functions of case studies; Develop their own case studies.
International Relations of East Asia (30 credits)
This course will examine a set of topics related to historical and contemporary patterns of state relations in East Asia, histories of war and memories, US security alliance in East Asia and the new Asian Pivot, the rise of China, nuclear crisis in the Korean Peninsular, territorial disputes, regional multilateral institutions, East Asian development models and economic integration, environmental challenges, energy security, human rights, and other related issues.
Finance in Japan and Korea (15 credits)
Discuss the key features of financial market development in Japan & Korea; Explain the key characteristics of Japanese and Korean banking systems, the features that distinguish them from other international banking systems and assess the contribution it makes to the development of their economies; Understand the financial reasons for financial crisis in the economies of the region and the major reforms to crop rate governance and financial regulation that have since taken place; Outline the key features of capital market development in Japan and Korea and discuss the different challenges faced by both countries in terms of enterprise financing, developing liquid stock markets and bond markets; Critically evaluate the relationship between domestic and international financial markets and assess the efforts of the both countries to regulate capital flow and mitigate the effects of financial contagion; Discuss the role of monetary policy in both countries and assess its impact on trade, investment and growth; Evaluate the prospects of convergence with international practice and assess its implications for Japan & Korea.
Contemporary Issues in the Japanese and Korean Economies (15 credits)
Provide a contemporary perspective on Japan & Korea’s socio-economic development and the implications for managerial decision making. Critically evaluate key contemporary socio-economic challenges faced by Japan & Korea. Evaluate the sustainability of current growth rates in these two economies.
Independent Study Project in International Management (30 credits)
Write extended prose; Select and read relevant academic and other materials; Plan and develop a sustained train of logical thought; Think critically and with some originality; Show detailed understanding of theoretical issues; Show a rigorous and critical use of data.
Financial Strategy (15 credits)
Understand the role of financial choices in corporate strategy; Understand the principles underlying financial decision making in firms; Evaluate the principles in the light of evidence on firms’ financial strategies and decisions; Apply principles to financial strategy in actual case studies; Compare firms’ financial strategies across countries and historic periods; Critically discuss the problems and limitations of financial strategy techniques.
Corporate Governance (15 credits)
Outline and discuss the key legal, political and economic features of the major corporate governance systems found around the world; Analyse how corporate governance systems influence performance, including both the performance of individual firms and the allocation of capital within a country; Discuss the evolution of diverse ownership and governance structures across different economies; Evaluate theories of the firm, and explain how they are relevant to the diverse range of ownership structures that exist in reality; Address such practical questions, as how should the board of directors and executive teams be composed; how should executives and board of directors be remunerated given the legal, political and economic framework in the country; how do CEOs decide about the mix of debt and equity finance and how does the mix affect their discretion and control over cash flow? Explain why the quality of corporate governance is relevant to capital formation; Discuss the moral and social responsibility dimensions of corporate governance; Describe why systematic failure of corporate governance can lead to failure of confidence that could spread from individual firms to entire markets or economies.
International Human Resource Management (15 credits)
Appreciate the functions of human resource management (HRM); Appreciate the functions of HRM in an international context; Explain and interpret HRM concepts, principles, and practice; Predict and explain some of the main problems that occur in international HRM; Understand the importance of the strategic functions of HRM; Demonstrate introductory knowledge of the practical management of HR.
International Marketing 2: Global Markets (15 credits)
Demonstrate an appreciation of how international business responds to globalism; Understand global markets; Understand how strategic planning influences marketing; Demonstrate knowledge of the various skills needed by the brand manager working in global markets; Explain and interpret global marketing phenomena; Demonstrate satisfactory understanding in order to embark upon a career in global marketing.