the cargo ship frigga by Robert cutts CC by 2.0
Multinationals and the Globalization of Production
Recent announcements (all announcements)
TA: Nikita Lipskiy (nxl48@psu.edu)
Office hrs: F 1200-1300 @ Kern (map)
Professor Kim Joseph Ruhl (kjr42@psu.edu)
Office hrs: T 1600-1700 & W 1100-1200 @ Kern 615 (map)
Schedule
Reading:
Syllabus
Notes on OLI framework
Section 2 of Antras and Yeaple (2013)
Slides: (T) Introduction [markup] // (R) Data [markup]
Week 1: August 22 & 24
Introduction // Multinational Data
Reading:
Section 2 of Antras and Yeaple (2013)
Notes on horizontal FDI
Slides: (T) N/A // (R) HFDI Prelims [markup]
Week 2: August 29 & 31
Multinational Data // Horizontal FDI
Reading:
Problem set guidelines
Notes on horizontal FDI
Week 3: September 5 & 7
Horizontal FDI
Due end of class (September 7):
Problem set #1 [PS1_Data.xlsx]
PS #1 Solutions [workbook]
Week 4: September 12 & 14
Horizontal FDI // Proximity-Concentration
Reading:
Notes on export platforms
Slides: (T) HFDI III [markup] // (R) Export platforms [markup]
Week 5: September 19 & 21
Export platforms
Reading: Case study background
Walmart's history
Unit counts: 2017 // 1996
Annual reports: 2017 // 1998
NYT on Walmart in Germany
Slides: (T) [markup] // (R) Export platforms practice
Week 6: September 26 & 28
Case study I // Export platforms
Bring to class (September 26):
Case study background questions
In class discussion questions
Due end of class (September 28):
Problem set #2 [PS2_Data.xlsx]
PS #2 Solutions [workbook]
Practice Exam I // Solution [solution updated 10/2]
Slides: (T) Review [markup]
Week 7: October 3 & 5
Review // Exam I
Solutions // Regrade form
Week 8: October 10 & 12
Two-stage production // Vertical FDI
Reading:
Notes on vertical FDI
Vox on Tohoku earthquake
WSJ on Japanese earthquake & Toyota
Week 9: October 17 & 19
Vertical FDI
Due end of class (October 19):
Problem set #3 [PS3_Data.xlsx]
PS #3 Solutions [workbook]
Reading:
Walmart in Mexico (Section 2 only)
Slides: (T) Host I [markup] // (R) Host II [markup]
Week 10: October 24 & 26
Host country effects of FDI
Reading:
Notes on FDI competition
Section II in Hanson (2001)
BBC on Nissan in Sunderland (Brexit)
Case study reading:
WSJ on Blue Macaw
GM discussion in Hanson (2001, pg. 19-20 only)
GM 2016 10-K
Slides: (T) Competition [markup] // (R) [markup]
Week 11: October 31 & November 2
Competing for FDI
Bring to class (November 2):
Case study questions
Due end of class (November 2):
Problem set #4
Problem set #4 solutions
Slides: (T) Review [markup] // practice solutions
Week 12: November 7 & 9
Review // Exam II
Solutions // Regrade form
Reading:
How does the US MNE tax system work?
Consequences of the US MNE tax system
What are inversions?
Slides: (T) Taxes // (R) Exam II // Optimization [markup]
Week 13: November 14 & 16
Taxes // Optimization review
Reading:
Notes on hold up
BBC on holding up airline passengers
Week 14: November 28 & 30 (No class Nov. 21 & 23)
Internalization // Incomplete contracts
Reading:
Motley Fool on Apple CapEx
Notes on licensing (optional)
C&EN on IP in China (optional)
Practice exam // Solution
Slides: (T) Exam information // (R) Review [markup]
Week 15: December 5 & 7
Incomplete contracts // Review
Due end of class (December 7)
Problem Set #5 [update 11/30]
Problem Set #5 Solutions