Elective Course1:Economic Growth of South Korea

Economic policy of South Korea concerns many macroeconomic aspects such as; industrial structure, entrepreneurship and labor force productivity. Among them include the dynamic business environments, the problem of developing strategies for trade balance, the greater complexity of managing global enterprises.

Economic policy of South Korea concerns many macroeconomic aspects such as; industrial structure, entrepreneurship and labor force productivity. Among them include the dynamic business environments, the problem of developing strategies for trade balance, the greater complexity of managing global enterprises.

The course is divided into two major components. The first component is macroeconomic aspects of government economic policies and structural reforms. This part is focuses on what strategy should be implemented (integrated or diversified), and how capitalism is increasingly organized on a global scale.

This course also focuses on the flow of economic policy into and through South Korea in the context of several development Ppans. The material will provide background on the history of industry policy, including early stages of Korean economic development.

The second component is primarily microeconomic dimension. It focuses on group level problems such as organizations activity and labor productivity, industrial relations. It will provide a knowledge about modern industrial enterprise, the methods of achieving comparative advantage.

Such knowledge is equally relevant for those who aspire to positions outside as well as inside management. For example, in business and public administration, consulting, labor relations specialists and others require a sophisticated knowledge of industrial organizations and their management in order to make wise decisions within their respective responsibilities.

Byung-Nak Song, 1990, The Rise of The Korean Economy, Oxford University Press.

Myung Oak Kim, Sam Jaffe, 2010, The New Korea. An Inside Look At South Korea’s Economic Rise, American Management Association AMACOM, New York

Dong-Se Cha, Kwang Suk Kim, Dwight H. Perkins (edit), 1997, The Korean Economy 1945-1995: Performance and Vision for the 21st Century, Korean Development Institute.

Gerald E. Caiden, Bun Woong Kim (edit.), 1991, A Dragon’s Progress. Development Administration in Korea, Kumarian Press, Connecticut.

Alice H. Amsden, 1989, Asia's Next Giant. South Korea and Late Industrialization, Oxford University Press, New York & Oxford.

Joonghae Suh, Derek H.C. Chen (edit.), 2007, Korea as a Knowledge Economy. Evolutionary Process and Lessons Learned, The International Bank for Reconstruction and Development / The World Bank, Washington DC.

Richard M. Steers, 1999, Made in Korea. Chung Ju Yung and The Rise of Hyundai, Routledge.

Myung Oak Kim, Sam Jaffe, 2010, The New Korea. An Inside Look At South Korea’s Economic Rise, American Management Association AMACOM, New York.

Dong-Myeon Shin, 2003, Social and Economic Policies in Korea. Ideas, networks and linkages, Routledge Curzon Taylor&Francis Group, London and New York.

Joonghae Suh, Derek H.C. Chen (edit.), 2007, Korea as a Knowledge Economy. Evolutionary Process and Lessons Learned, The International Bank for Reconstruction and Development / The World Bank, Washington DC.

Myung Oak Kim, Sam Jaffe, 2010, The New Korea. An Inside Look At South Korea’s Economic Rise, American Management Association AMACOM, New York.

Dong-Se Cha, Kwang Suk Kim, Dwight H. Perkins (edit), 1997, The Korean Economy 1945-1995: Performance and Vision for the 21st Century, Korean Development Institute.

Ronald J. Ebert, Ricky W. Griffin, 2007, Business Essentials, Pearson Prentice Hall.

David Besanko, David Dranove, Mark Shanley, Scott Schaefer, 2007, Economic of Strategy, John Wiley & Sons.

Claude Menard, Mary M. Shirley (edit.), 2005, Handbook of New Institutional Economics, Springer.

John J. Wild, Kenneth L. Wild, Jerry C.Y. Han, 2008, International Business. The Challenges of Globalization, Pearson & Prentice Hall.

Alan M. Rugman, Simon Collinson, International Business, 2006, Pearson Education & Prentice Hall.

Koo Cha-Kyung, 1981, Korea's Economic Policies (1945-1985), The Federation of Korean Industries.

Cho Soon, 1994, The Dynamics of Korean Economic Development, Institute for International Economics.

Richard M. Steers, 1999, Made in Korea. Chung Ju Yung and The Rise of Hyundai, Routledge.

Byung-Nak Song, 1990, The Rise of The Korean Economy, Oxford University Press.

Alice H. Amsden, 1989, Asia's Next Giant. South Korea and Late Industrialization, Oxford University Press.

Gerald E. Caiden, Bun Woong Kim (edit.), 1991, A Dragon's Progress. Development Administration in Korea, Kumarian Press.

Bun Woong Kim, David S. Bell, Jr., Chong Bum Lee (edit.), 1985, Administrative Dynamics and Development: The Korean Experience, Kyobo Publishing.

Dong-Ki Kim, Linsu Kim (edit.), 1989, Management Behind Industrialization: Readings In Korean Business, Korea Univerisity Press.

Hon. Robert G. Rich, Jr., Peter M. Beck, Florence Myeong-Hwa, Lowe-Lee, 1999, Korea and the Asian Economic Crisis: One Year Later, Korean Economic Institute of America.

Doo-Sub Kim, Socioeconomic Status, Inequality and Fertility, 1987, The Population and Development Studies Center Seoul National University.

Kyong-Dong Kim (edit.), 1987, Dependency Issues in Korean Development, Seoul National University Press.

Soogil Young, Moonsoo Kang (edit.), 1991, The Single European Market and Its Implications for Korean as an NIE, Korea Development Institute.

Chung-Si Ahn, Tai_Hwan Kwon (edit.), 1998, Korean and Korean Business Interests in Central Europe and CIS Countries, Seoul National University Press.

KNOWLEDGE

W1: The graduate has advanced knowledge and understanding of contemporary international and global business environments, the graduate understands the dynamics of changes taking place in this environment against the impact that these changes exert on the contemporary organization and the dilemmas of businessmen.

W2: The graduate has advanced knowledge and understanding of processes of formulating and implementing operational programs, the graduate understands the importance of effective resource management as well as operations of the organization in the process of creating a competitive advantage.

SKILLS

U1: The graduate can independently plan and organize their own work and personal development based on the concepts of work-life balance and long-life Learning.

U2: The graduate can use selected management methods and techniques, including project and process management. The graduate can define and solve problems typical of management.

SOCIAL COMPETENCE

K1: The graduate is ready to responsibly and independently co-organize social and business initiatives based on ethical values and taking into account the social interest.

K2: The graduate is ready to correctly identify and resolve ethical dilemmas, including dilemmas related to the profession respecting its achievements and traditions.

The final course grading criteria is described below;

91 – 100 points; Very Good (grade 5), 81 – 90 points; Good plus (grade 4.5)

71 – 80 points; Good (grade 4), 61 – 70 points; Satisfactory plus (grade 3.5)

51 – 60 points; Satisfactory (grade 3), 0 - 50 points; Failing (grade 2)

Class participation. Students are expected to be prepared for items that the syllabus cites for the day indicated as read or prepare. Participants are required to actively participate in class and discussions. Likewise, they are expected in class on time.

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