National & International Economic Environment Analysis

  • Codice
  • MScGMN&I.1
  • Frequenza
  • 5 sessions first term and 5 sessions second term
  • Semestre rif.
  • Durata
  • 2 semestri
  • Formazione
  • Business Administration
  • Responsabili modulo
  • Ureta Vaquero Ivan
  • Tipo di modulo
  • Obbligatorio
  • ECTS
  • 3


Enterprises and their managers in defining their business strategies should understand the surrounding economic, political and social environment at local, regional, national and international levels. In doing so, businessmen and managers have to make sure they select and follow the best possible strategy geared to guarantee their adaptability/resilience, development and growth either locally or/and internationally.
This dynamic and proactive attitude is increasingly demanded by the global economic system which presents high rates of interconnection and interdependence. Unforeseen events happening, even far away from our areas of action, may entail impacts on our business operations. Therefore, it is important to be equipped with analytical skills which should allow us to better understand volatile and complex environments in order to make informed decisions. In order to achieve that, this course has been conceptualized and designed bearing in mind the importance of mixing theory and practice.
First term: the teaching methods will mix theoretical, conceptual and practical elements. A strong emphasis will be put on explaining the evolution of historical, political, social and economic facts that have configured the current situation and that will have a crucial importance within the short, medium and long run. Students are expected to prepare the sessions beforehand both individually and collectively. Individual and collective presentations have been also envisaged. A student-driven approach to learning is privileged.
Second term: it will be required to apply general notions/frameworks as well as some of the analytical tools presented during Part A. Students will become consultants and will have to address and to solve a specific assignment and/or case presented in the beginning of every class. Both collective and individual work is required. At the end of the second term, the students will participate in a trip to an international organization.

Obiettivi / Competenze mirate

• To analyse and understand the most relevant geo-political and security aspects of international affairs as well as their impacts on businesses, the economy and the markets.
• To know the basic notions of economic and political risk analysis.
• To understand business strategy and internationalization processes –national and international levels.
• To understand historical trends with special emphasis on the post WWII era, the decolonization processes, the post CW and regionalization processes from 1990s onward.
• To analyse, contextualise and understand newspaper articles, scholarly papers as well as technical reports and statistics elaborated by private and public entities.
• To analyse and understand public discourse and its impacts and influences on economic and business related issues.
• To understand networks, coalitions and the evolution complex environments and their influence on political and economic decision-making processes.
• To understand the basic rules of international trade.
• To study and understand the importance of multi and transcultural aspects.
• To develop critical thinking skills.


Part A
International Political Economy

• Global political economy: theoretical framework
• Decolonization processes and their impacts on today’s economic system.
• Globalization and regionalization processes: characteristics, opportunities and limits-coordination and collaboration.
• Economic growth and structural change.
• Explaining and contextualizing the global economic and financial crisis from 2008 onward. Comparative approach-regions.
• Demography, labour and immigration policies.
• Risk analysis-theoretical foundation.

Part B (second term)
National and international economic environment analysis: Specific case studies to be prepared and presented by the students. The selected cases provided by the lecturer will integrate the following categories.

• Internationalization processes
• Business strategy-mature and emerging markets.
• Multicultural management and communication.
• Decision-making processes in complex, uncertain instable scenarios.
• Crises management and strategic communication.
• Political and economic risk analysis-


Part A - first semester (of the 50% of the final grade’s value):
Report and presentation in group during the lessons of the 20% of the final grade’s value.
Individual participation during the semester of the 5% of the final grade’s value.
Individual written exam during the session of certification of January of the 25% of the final grade’s value.

Part B - second semester (of the 50% of the final grade’s value) - Attendance is compulsory (100%):
1st collective workshop during the semester of the 10% of the final grade’s value.
2nd collective workshop during the semester of the 10% of the final grade’s value.
3rd collective workshop during the semester of the 10% of the final grade’s value.
Trip and individual report of the 15% of the final grade’s value.
Individual participation during the semester of the 5% of the final grade’s value.


Ivan Ureta

Metodo di insegnamento

Forms of learning Activities Hours/60 min.
Part A (first term)
In-class 20 hours/sessions (45 min)
Newspaper articles, scholarly papers, reports and guest lectures/testimonials.
• 15
Individual study Compulsory readings
Extra scholarly articles and reports
Individual and team work/ presentations.

• 20
* 1 ECTS = 25 hours

Part B (second term)
In-class/Trip 24 hours/session (45 minutes)
Exposure to real cases which should be solved by the students
Elaboration of short reports
Individual and collective presentations

1 Day Study Trip (8 hours/session)

• 24
Individual study Individual written study trip report.
• 16
Total workload 75


Readings and other resources

Part A

• Allen, R. (2011): Global Economic History. A Very Short Introduction. Oxford University Press
• Miles, D & Scott, A (2006): Macroeconomics: understanding the wealth of nations (2nd ed.). Chichester, UK: Wiley & Sons.
• Hill, C. (2007),: International business, Hoepli Editore

Scholarly papers and articles will also be uploaded –

Part B

Specific materials will be uploaded in due time focusing on the practices and case-studies –