How Regional Integration and Globalisation Affects Abu Dhabi

The UAE in the Global Business Environment (ECON 605) Fall 2012 Dr. Fernando Zanella / f. [email  protected] ac. ae Brief course description Deeper global economic integration is a key strategic goal for the UAE and is seen as a catalyst AE’s sustainable economic development. This course will provide students with an in depth understanding of how international business issues affect the UAE and how the UAE is positioning itself in the global economy. The course will provide a clear framework for understanding the process of globalisation, international transactions, financial issues, global trends and their significance for UAE organisations.Learning objectives 1. To understand the importance of globalisation, and evaluate the opportunities and threats for the UAE 2. To understand the process of economic integration through examining international trade and investment 3. To explore the role of regional integration in the international business environment 4. To identify the key strategic sectors of the UAE economy which are driving the UAE’s global integration 5. To critically analyse current international business and economic events in relation to the UAE 6.To understand how government policy can facilitate or hinder economic integration Learning methodology Students are encouraged to participate: 1. Lectures 2. Case study and articles analysis 3. Group work problem solving 4. Class discussions 5. Written reports 6. Presentations and peer evaluation Course meeting times Sundays and Tuesdays 05:30-09:30 pm Course textbook Griffin, R. W. and M. W. Pustay (2010). International Business (6th ed. ). USA: Pearson Course Materials support Dr. Emilie Rutledge Summary of course topics Sessions| References| 1| The UAE in the global economy| | Part 1: Globalisation and International marketsPart 2: The UAE in the global economy| Lecture material: Griffin & Pustay: C1 & C2| 2| The UAE in the global business environment| | | Part 1: National competitive adv antage in a globalised worldPart 2: Strategic planning in the UAE – SWOT framework| Lecture material:Griffin & Pustay: C6 & C11| 3| The UAE – a highly open economy| | | Part 1: International trade theoriesPart 2: A study of UAE trade and trade policy| Lecture material: Griffin $ Pustay: C6 & C9| 4| Foreign Investment| | Part 1: Foreign investment theoriesPart 2: Foreign investment, sovereign wealth and diversification| Lecture material: Griffin & Pustay: C6| 5| International issues in money and finance| | | Part 1: Exchange rate issuesPart 2: The financial services sector in the UAE| Lecture material: Griffin & Pustay C8| 6| Regional economic integration| | | Part 1: The theory of regional economic integration, global experiences and trade blocsPart 2: The GCC economic agreement and the common market| Lecture material: Griffin & Pustay: C10| | Deadline for Business Report| | | UAE Strategic Economic Sectors – Group Presentations and discussions| | | | | 8| Final Exam| | Group presentation (30% ): During the final week of the course groups will be asked to make a presentation. Students will choose a strategic sector of the UAE economy and discuss the implications of globalisation for this sector and use an analytical framework discussed during the course to analyse its strategic position internationally (e. g. SWOT analysis).Each student in the group should present, the presentation should be no less than 12 slides and no more than 20 in length. You should begin work on your group presentation from the second week off the course. Group work and discussion sessions (20%): During the course there will be group work and discussions. Following the lecture and case studies, students will for instance be given a particular economic scenario which they discuss/brainstorm as a group. During these sessions the instructor will observe and assess individual student participation in the group.You will be given feedback your group work and your mark fro m 20% at the end of the third week of the course. Business Report (20%): The topic of the business report is how regional integration and globalisation affects your organisation which employs you (or how it might do so in future if it does not do so significantly already). The business report should be around 9 pages in length, its format should be as follows: 1. Cover-title page (1 page); 2. Summary (1 page) : a short paragraph; 3. Table of contents (1 page) 4.Introduction (1 page) – explaining the particular aspects of regional or international economic integration which affects the business or industry you work in. 5. Background (1 pages) – an overview describing the business or institution where you work. 6. Analysis (2 pages) – Explain in detail using a SWOT analysis how aspects of economic integration affect the business you work in. 7. Conclusion summary (1 page) – main concluding points and prospects for your business in light of your findings. 8. References, appendix, glossary – if any (1 page).Final exam (30%): The final exam will consist of short answer questions. The short answer questions will be open ended/case study questions, where you will be able to choose from a number of questions and discuss a case study or topic which we have focused on during one of the sessions. All open ended exam questions and essay/case study questions will be drawn from the lectures, group exercises and case studies we have completed during lessons. Further details of the final exam will be discussed prior to the exam.Academic honesty and integrity Each student is expected to do his/her own work for individual business r exam. Asking questions and discussing ideas with your colleagues is acceptable report as part of your coursework, but copying the work of another or submitting identical work is not. The business report should also be your own original work. Whilst it is, of course, acceptable to reference other works, it is note t o copy and paste large amounts of text from source on the internet.If you copy word for word you must use quotation marks and proper referencing. Group work on the presentation assumes you are working together and that you are contributing fully to your group’s work. Please note that as a member of your group you are expected to be knowledgeable about all aspects of your groups’ output. During the final exam, any student who cheats or assists another student in cheating will fail the course. The case will also be forwarded to the Academic Affairs for disciplinary action. All UAEU academic policies apply in this respect.