Theory of foreign direct investment
Course: International Economic Relations (with compulsory study of two foreign languages)
Structural unit: Educational and scientific institute of international relations
Title
Theory of foreign direct investment
Code
ВК 5.1
Module type
Вибіркова дисципліна для ОП
Educational cycle
First
Year of study when the component is delivered
2021/2022
Semester/trimester when the component is delivered
5 Semester
Number of ECTS credits allocated
4
Learning outcomes
- to know the conceptual framework, methodology of theories of foreign direct investment
- to know the sources about theories of foreign direct investment and multinational enterprises
- to know the directions, stages of development of FDI and MNC theory, classification and typology of concepts
- to know the theories of market power, monopolistic advantages
- to know the features of macroeconomic theory of direct investment
- to know the formation of the economic school of internalization and the theory of transaction costs
- to know the essence of product life cycle theory and competitive advantages
- to know the peculiarities of the development of the theory of oligopolistic reaction
- to know the features of the Uppsala model of FDI
- to know the essence of the eclectic theory of foreign direct investment
- to know the characteristics and categories of resource theory of foreign direct
investment
Form of study
Distance form
Prerequisites and co-requisites
1. Knowledge of the basics of world economy, macroeconomics, microeconomics, multinational enterprises, international business
2. Ability to analyze the theoretical foundations of multinational firms
3. To be able to analyze the causes and consequences of trends in foreign direct investment and international production
4. Basic skills of search and analysis of theoretical original sources, analytical materials and statistical data sources
5. Knowledge of English or other foreign languages to read theoretical sources in the field of foreign direct investment
Course content
Topic 1. Early theories of FDI
- theories of market power and monopolistic advantages
- dynamic theory of endogenous growth of BNP
- theories of product life cycle
Topic 2. School of internalization and electric paradigm
- theories of internalization and transaction costs
- eclectic theory of FDI
Topic 3. Theoretical models of internationalization
- Uppsala internationalization model
- theory of fragmentation of international production
- theory of global value chains
Topic 4. Macroeconomic theories of FDI
- Kojima-Ozawa's FDI theory
- theory of flying geese
Topic 5. Knowledge as the main resource of a multinational enterprise
- resource theory of FDI
- BNP theory based on knowledge
Topic 6. New theoretical views on FDI and BNP
- FDI theory of "new international enterprises"
- Theory of network MNC
Topic 7. Management theories of FDI and BNP
- Behavioral theory of FDI
- theory of regional MNC
- M. Porter's strategic theory
Recommended or required reading and other learning resources/tools
1. Рогач О.І. Транснаціональнi корпорації в світовій економіці: Монографія/ О.І. Рогач.-К.: ВПЦ Київський університет", 2005.-175 с.
2. Рогач О. Міжнародні інвестиції: Теорія і практика бізнесу багатонаціональних корпорацій: Підручник / Олександр Рогач. - К.: Либідь,2005. - 720 c.
3. Рогач О.І. (співавтор). Основи міжнародних фінансів: Підручник. За ред. Рогача О.I/O.І. Рогач, Т.С. Шемет, С.А. Циганов та ін. - К.: ВПЦ «Київський університет», 2008. 494 c.
4. Рогач О.І. Транснаціональні корпорації: Підручник / О.І. Рогач.-К.: ВПЦ «Київський університет», 2008. - 400 с.
5. Рогач О.І. Міжнародний інвестиційний менеджмент: Підручник . / Рогач, П.В.Дзюба. - К.: ВПЦ «Київський університет», 2008. - 494 с.
Planned learning activities and teaching methods
Lectures, seminars, individual work
Assessment methods and criteria
1. Oral answers, comments, blitz polls, discussion, problems - 35 points (35%)
2. Tasks for individual work (case study presentation) - 30 points (30%)
3. Module control (test) - 35 points (35%)
Language of instruction
Ukrainian
Lecturers
This discipline is taught by the following teachers
Chair of international finance
Educational and scientific institute of international relations
Educational and scientific institute of international relations
Departments
The following departments are involved in teaching the above discipline
Chair of international finance
Educational and scientific institute of international relations