International undergraduate, graduate, and doctoral students
Long-run economic growth has a great potential to dramatically increase the standard of living. If incomes per capita grow at 3% annually, they will double approximately every 25 years. Over the course of a century, incomes will increase by a factor of 16, changing the quality of peoples' lives to a great extent.
In this course, we will study which factors can contribute to such large income growth and the associated improvements in the standard of living. We will also analyse which factors tend to stand in the way of such enormous growth potential. As some economies grow fast and others lag behind, a number of concerns related to societal development can emerge, such as large incentives to migrate from one country to another. Among other topics highly relevant to development, we will study the impact of migration on the receiving and the sending countries.
Throughout the course, we will use a combination of theoretical and empirical approaches. Students will also learn to apply economic thinking to solve real world problems related to growth and migration.
In the context of globalisation, the economic and business activity are becoming increasingly internationalised. For many multinational enterprises and managers who are internationally active, it is big challenge to handle with the problems caused by the unfamiliar values and practices in international business. This module emphasises the cultural issues in the business world. This module addresses a basic understanding of culture, theoretical models for comparison of cultural differences, and awareness of cultural specific problems in international economic cooperations through short and long cases. This will help the students to understand the complexity of the globalised business word as well as the cultural and social systems and their differences. These differences can cause confusion, misunderstanding and even conflicts. Thus, it is important to understand what intercultural competences can facilitate interaction and cooperation with business partners of diverse cultures. It is also vital to develop an awareness and to integrate cultural characteristics in order to add values.