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    Emerging Markets 73-421: Laurence Ales

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    Ted Hoover
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    Emerging Markets 73-421: Laurence Ales

    Uploaded by

    Ted Hoover
    76 views15 pages
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    Lecture 0

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    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
    76 views15 pages

    Emerging Markets 73-421: Laurence Ales

    Uploaded by

    Ted Hoover
    L0

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 15

    Emerging Markets

    73-421
    Introduction
    Laurence Ales
    1
    This version: August 26, 2013
    1
    These materials are subject to copyright and are being provided for the personal educational use by
    students enrolled in this course. Any other use, including further reproduction and distribution of the
    materials (whether in hard copy or electronic form) is strictly prohibited. As an example, you may not
    copy any of these materials and upload them to any other web sites without the prior permission of the
    applicable copyright holder.
    Your Questions
    Slide 2 of 15
    In the News
    8/25/13 7:40 PM P1-BM657_EMERGE_G_20130811183032.jpg 555!398 pixels
    Page 1 of 1 http://si.wsj.net/public/resources/images/P1-BM657_EMERGE_G_20130811183032.jpg
    Slide 3 of 15
    In the News
    Source: CNN
    Slide 4 of 15
    Emerging Kind of-Growing Markets
    73-421
    Introduction
    Laurence Ales
    This version: August 26, 2013
    1
    These materials are subject to copyright and are being provided for the personal educational use by
    students enrolled in this course. Any other use, including further reproduction and distribution of the
    materials (whether in hard copy or electronic form) is strictly prohibited. As an example, you may not
    copy any of these materials and upload them to any other web sites without the prior permission of the
    applicable copyright holder.
    The syllabus
    Make sure read the syllabus!
    Slide 6 of 15
    Details about the course
    The class: MW 3:00PM 4:20PM WEH 4709
    Oce Hours: TH 2:30-4:30 PM
    Textbook: No textbook required, some sources used:
    Macroeconomics of emerging markets, Peter Montiel;
    Great depressions of the twentieth century, Kehoe-Prescott;
    Barriers to Riches, Stephen Parente and Ed Prescott;
    The Other Path: The Invisible Revolution in the Third
    World, Hernando De Soto;
    Investing in Emerging Markets: The BRIC Economies and
    Beyond, Marr and Reynard;
    Multinational Firms in the World Economy,
    Giorgio Navaretti and Anthony Venables.
    Slide 7 of 15
    Hw, Grading and Exams
    3 HW - 25% of grade
    1 Midterm - 20% of grade
    1 Class Presentation - 25%
    1 Final - 25% of grade (check CMU website for dates)
    5% for attendance and participation +
    1% for nding WEH 4709
    Grade me:
    Online, live, anonymous feedback system:
    http://tinyurl.com/comments73421
    Slide 8 of 15
    Class Presentation
    At the end of the semester you will be asked to present in front of the
    class a short original study on a emerging market of your choice.
    Presentations will be made by groups of 4 people.
    Last 20/30 min
    Must display in depth knowledge of the country
    Must display usage of tools learned during the course
    Slide 9 of 15
    What will we talk about in this course? I/II
    Part I
    Lecture 1: Introduction. Country Classication
    Lecture 2: Growth Accounting for Emerging markets
    Lecture 3: Case study: The 80s: Chile and Mexico
    Lecture 4: Case study: Peru, The other path
    Lecture 5: The Underground Economy
    Lecture 6: From developing to emerging markets
    Lecture 7: Studies from the McKinsey Global Institute:
    focus on Productivity
    Lecture 8: Diagnosis for emerging markets:
    Business Cycle Accounting
    Slide 10 of 15
    What will we talk about in this course? I/II
    Part II
    Lecture 9: Trade and emerging Markets
    Lecture 10: International nance and emerging markets
    Lecture 11: China
    Lecture 12: FDI and Firms in the global economy
    Lecture 13: Debt and Debt Crisis in Emerging Market
    Lecture 14: Commodity Prices and Emerging markets
    Slide 11 of 15
    What you will get from this course?
    By the end of this course the student will be able to...
    1 ...describe the properties of an emerging market.
    2 ...identify and quantify the sources of growth that shape
    the behavior an emerging market economy.
    3 ...understand how property rights, corruption and bureaucracy
    impact the operation of businesses in emerging markets.
    4 ...understand how monetary and trade and exchange rate policies
    aect rms and household in emerging market economies.
    5 ...understand the potential sources that might trigger a crisis in a
    emerging market.
    6 ...understand the challenges and the opportunities facing
    multinational rms operating in emerging markets.
    Slide 12 of 15
    Testing the anonym-quiz!
    On you cellphone go to: http://tinyurl.com/73421quiz
    Answer the following:
    If you choose an answer at random from the ones below,
    what is your probability of being correct?
    1) 25%
    2) 25%
    3) 60%
    4) 50%
    Slide 13 of 15
    Testing the anonym-quiz!: new question
    On you cellphone go to: http://tinyurl.com/73421quiz
    Answer the following:
    ?sdrawkcab nettirw iP ni srebmun ruof tsrif eht era tahW
    1) 414.3
    2) 141.3
    3) 314.1
    4) 411.3
    Source: http://www.impossible-quiz.com/
    Slide 14 of 15
    Lets Start!
    Slide 15 of 15

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