Master
2022/2023
Doing Business in the European Union
Type:
Elective course (Master of International Business)
Area of studies:
Management
Delivered by:
Master of International Business Programme, Curriculum Support
Where:
School of Innovation and Entrepreneurship
When:
2 year, 1, 2 module
Mode of studies:
offline
Open to:
students of one campus
Instructors:
Vladimir N. Zuev
Master’s programme:
International Business
Language:
English
ECTS credits:
4
Contact hours:
40
Course Syllabus
Abstract
Big and small companies enter external markets extensively using direct and portfolio investments and taking control of foreign enterprises. They establish subsidiaries around the globe and acquire assets in different locations. The EU market remains among the most popular markets for foreign capital investments. The climate for such activities is in a constant change: the change in the EU legislation and policies, multiplication of regional and mega-regional trade agreements, trade wars, economic sanctions, pandemic and environmental concerns, sustainable development priorities. Each time, companies have to take into account new challenges of doing business in the EU. These factors define the logic of this course. It includes theoretical framework and real case studies regarding entry strategies of foreign companies in to the European markets. Most of the courses on the EU business activities are either completely legal based, or cover mostly trade issues. This course is a combination of legal aspects of doing business in the EU, providing an economic rationale of being present in the area. It is a mix of legal, trade and economic knowledge. It could be of use to the top management of companies forming the entry-market strategies, choosing among different foreign markets. Pre-requisites: International Business Research, International Relations, World Economy
Learning Objectives
- The major course objective will be to explain the way economic interests of foreign companies should be protected, based upon the knowledge of economic and legislative frameworks for doing business in the EU. The specific objectives are: - to provide an overview of the EU legislation and economic regulation mechanisms; - to analyze relations between the EU and its trade and investment partners; - to create systematized vision of the EU business environment; - to upgrade management knowledge and skills for the companies’ major interest’s protection on foreign markets; - to develop initial skills for shaping external economic policies towards the EU that can be relevant regarding the entry-market strategies for other regional blocs.
Expected Learning Outcomes
- Gain skills to critically evaluate analytical and scientific materials on the given issues and find options for possible solutions related to entry of foreign companies in to the European market
- know the business environment for the regional real estate markets, market conditions for foreign companies entering markets of trade blocs
- know the current problems that foreign enterprises are facing in the EU
- Knowledge of combination of interests of small and big businesses, of domestic and external tasks in the EU policy as well as policy against shadow economy/offshores; cases against violation of competition law
- Knowledge of peculiarities of the EU competition law and monitoring of competition law compliance
- Knowledge of the economic and legal environment for foreign companies doing business in the EU
- Learn to use and analyze statistical and economic data and academic knowledge;
- learn to use references, yearbooks and professional literature on the given topic
Course Contents
- The basics of the EU business environment: integration pillars, institutional structure, supremacy of the EU law, supranational authority
- Economics of the EU market. Legal environment for doing business in the EU.
- Peculiarities of EU Anti-trust law and Competition policy.
- Other EU policy areas of concern to investors (single market, trade policy and trade agreements, ecology, Energy Union, R&D, single patent, digital market, finance, public procurement, SME incentives, transport and access to infrastructure)
- Infringement of the EU legislation. European Commission against companies’ cases.
- Offshore jurisdictions and the EU
- Real estate in the EU. Real estate projects in real terms.
Bibliography
Recommended Core Bibliography
- Alina Mihaela Dima. (2018). Doing Business in Europe : Economic Integration Processes, Policies, and the Business Environment. Springer.
- EASME - Executive Agency for Small and Medium-sized Enterprises. (2015). Your Europe business : Practical online guide for doing business in Europe. https://doi.org/10.2826/77148
- Frans Somers. (2019). European Business Environment : Doing Business in Europe. Routledge.
- Suder, G. G. S. (2008). Doing Business in Europe. SAGE Publications Ltd.
- Whish, R., & Bailey, D. (2012). Competition Law (Vol. Seventh edition). Oxford: OUP Oxford. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=678105
Recommended Additional Bibliography
- Frank Mcdonald, & Stephen Dearden. (2004). European Economic Integration. Financial Times/ Prentice Hall.