Introduction
Determinants of the level of aggregate demand. General equilibrium of product, money, and labor markets. International macroeconomic relationships. Fundamentals of the economic growth process and income distribution.
The main objective of this course is to enhance participants’ understanding of macroeconomic policy using a model-based approach. The course builds on the intermediate macroeconomics course and develops analytical skills that allow participants to analyze inflation and unemployment issues, long-term economic growth; and design stabilization policies in open and closed economies.
Course Objectives
On successful completion of this course, participants are expected to demonstrate the ability:
- Review of FDI.
- The Components of FDI and their interactions.
- Merger and Acquisitions.
- To use and synthesize the above concepts independently
- To describe and analyze the current macroeconomic issues relating to FDI, Multinational corporations, and Global Value Chains.
- To speak and write essays about the current macroeconomic issues.
Training Methodologies
This 5-day intensive training course uses a mix of interactive techniques to ensure maximum understanding, comprehension, and retention of the information presented. This includes evaluation of case studies, brief presentations by the instructor, group exercises, and discussion followed by participants' presentations of the results.
Target Audience
- Finance professionals
- Finance managers
- Corporate controllers, financial controllers
- treasury professionals
- chief accountants
- accounting managers
- senior accountants
- banking professionals
- corporate business professionals.
Course Outlines
Day 1
Foreign Direct Investment. (FDI)
- Concepts of FDI, Mergers & Acquisitions(M&A).
- FDI versus trade, licensing, franchises.
- FDI and Multinational Corporations
Day 2
- Dunning’s Eclectic Paradigm.
- Eclectic Paradigm theory (OLI) expanded: Ownership, Localization, and Internalization.
- OLI versus Vernon’s product life cycle hypothesis
Day 3
Determinants of FDI: Market motive, Resources Motive, Financial Development Index and Infrastructure motives
- Market Motive
- Resources Motive.
- Financial Development Index
- Infrastructure Spending and Effects
Day 4
- Vertical and horizontal integration
- Offshoring and Outsourcing.
Global Value Chains
- Answering the Big Questions
- Unbundling Theory.
- The Failure of Trade Accounting
Day 5
Global Value Chains and Inter-Country Input-Output Tables
- Introduction: National IO Tables.
- Inter-Country IO tables.
- Deriving Technical Coefficients Matrix.
- Interpretation of Technical Coefficients Matrix.
- Leontief Inverse: Derivation.
About London
The UK capital of London is a city that combines the old and the new. It is as equally famous for the latest fashion and innovation as it is for its impressive heritage. London's attractions range from the Royal Palace to the DIY atmosphere of its markets. It is also a picturesque city of parks and of course, the majestic Thames River. The city extends for miles beyond its ancient core and each neighborhood has its own charming atmosphere for visitors to explore. London also wears its status as a world city proudly and the influence of different cultures is plain to see in the food and fashion of the capital.
Things to do and places to visit in London
With so many attractions in London, anyone can find something to delight them. Art lovers will enjoy the world-renowned museums and galleries, most of which are free. Sports fans are spoilt for choice by the city's array of football clubs. Theatre and music fans have a vast list of venues to visit, whilst shopaholics have Harrods, Oxford Street, Camden and much more to look forward to after arranging flights to London.
Some unmissable London attractions include:
- Seeing priceless masterpieces in the Tate Britain or the National Gallery.
- Watching the changing of the guard at Buckingham Palace.
- Visiting Trafalgar Square's famous monument.
- Marveling at the Crown Jewels in the Tower of London.
- Getting a bird's eye view of the city from the London Eye.
- Tasting one of Brick Lane's famous curries.
- Browsing the exclusive shops of Knightsbridge.
- Visiting a market – Spitalfields for antiques, Camden for clothes or Borough Market for street food.
- Admiring design from around the world in the Victoria and Albert Museum.
- Looking for clues at the home of fiction's most famous detective, Sherlock Holmes.
- Strolling through one of the lovely parks, including Hyde Park, St James' Park or Kew Gardens.
- Eating Britain's most famous dish, fish and chips.
- Watching the street performers in Covent Garden.
- Enjoying the views at a South Bank cafe.