The purpose of this module is twofold. The first is to equip students with a conceptual framework for analyzing macroeconomic issues in an open economy, which elucidates the interrelationship among key macroeconomics variables and the behavioural function that drive each key variable. This knowledge will enable students to discern the implications of changes in key macroeconomic indicators for the prospect of business cycles, growth pattern, and long-term growth potential. It will also enable students to analyze the effect of macroeconomic policies on key macroeconomic variables of the home country and implications for the international community. The second purpose is to teach students how to apply this general framework to study the Chinese economy, and to analyze how China’s macroeconomic policies and pattern of growth may affect or challenge other economies, international investors, and the operations of multinational corporations both in China and in other parts of the world.
This module is one of three that comprise the ‘China Context and Applications’ phase of the FT MBA. Collectively, these modules take key concepts and themes from the Semester 1 curriculum and apply them to provide students with a thorough understanding of business and management in the context of China. As such, it contributes to one of the main distinctive features of the FT MBA delivered at IBSS.
A Comprehend, interpret and critically analyse key macroeconomic indicators for the growth outlook of the home country and the implications for its international partners.
B Identify and evaluate key contemporary macroeconomic trends to aid strategy formulation and managerial decision-making at an international level.
C Demonstrate knowledge and understanding of China’s economic and financial structure, its model of growth and development, and the goals and process of its macroeconomic policymaking.
D Identify and evaluate opportunities and challenges deriving from the rise of the Chinese economy for multinational corporations.
E Evaluate the implications of the internationalization of the RMB, including the deeper financial integration of China with the world economy, for international financial markets and international investors.
The teaching and learning strategy combines traditional teaching in classrooms with active learning and case studies. Furthermore, the module includes one residency week in another city of China in the training center of The People's Bank of China (PBOC) to explore the opportunities and risks offered by Chinese financial markets to firms and investors.