Course outline
Course unit title
Name and title of lecturer
Level of course
Semester
ECTS credits
Student’s working hours
Prerequisites
Language of instruction
Objectives of the course
Should match study program
objectives
Increase the capabilities of
students gathering the economic
and financial data of emerging
countries, systemizing and
analysing them.
Raise the understanding of
underlying business environment,
risks and opportunities.

Raise the understanding of the
role of different institutions,
financial markets and
globalization in emerging
countries.

Emerging Markets
Lecturer Justas Mundeikis
Cycle 1
6
5
Contact
48
Lectures 24
Seminars 16
Practice
Laboratory work
Consultations 8
82
Independent work
Total 130
Strong knowledge of macroeconomics, international economics,
mathematics and statistics. Good English skills.
English
Learning outcomes
A student’s assessments methods
A student’s knowledge,
In which activity study results are
comprehension and skills
demonstrated and proved
Students will determine the
Homework, short tests, presentations,
main differences among the written work, final exam.
definitions of emerging
countries and markets.
Students will know the main Homework, short tests, presentations,
supranational institutions
written work, final exam.
and their role in context of
emerging countries
development.
Students will be able to
Homework, short tests, presentations,
analyse and interpret the
written work, final exam.
macroeconomic
development in different
emerging countries.
Students will be able to
Homework, short tests, presentations,
gather, systemize, analyse
written work, final exam.
statistical data. Using this
knowledge students will
produce their own market
insight about potential risks
and opportunities doing
business in emerging
countries.

Students will be able to
present and defend their
analysis before other
1
Homework, short tests, presentations,
written work, final exam.
Teaching methods
Topic title
1. Introduction to Emerging
Markets
2. Emerging Markets, the
International Monetary and
Financial System and Global
Governance
3. Determinants and Impact of
Capital Flows to Emerging
Economies
4. Globalization, Global
Imbalances and Emerging
Markets
5. Main Drivers of Economic
Development
6. The Importance of Institutions
for Economic Growth
7. Institutions, Financial
development, Capital Flows
and Corporate Finance
8. Crises in emerging markets
students.
Lectures, class discussions, group work, home assignments,
presentations, written work.
Contact
Assignments
hours
1,5
Analysis of provided literature and preparation for
discussions in lectures (4 hours)
1,5
Analysis of provided literature and preparation for
discussions in lectures (4 hours)
1,5
Analysis of provided literature and preparation for
discussions in lectures (4 hours)
1,5
Analysis of provided literature and preparation for
discussions in lectures (4 hours)
1,5
Analysis of provided literature and preparation for
discussions in lectures (4 hours)
Analysis of provided literature and preparation for
discussions in lectures (4 hours)
Analysis of provided literature and preparation for
discussions in lectures (4 hours)
1,5
1,5
1,5
9. China: Unbalanced growth?
3
10. Brazil in the BRICs
3
11. South Africa
3
12. Russia: oil, gas and war.
Making geopolitics
3
13. India: Micro loans, TATA
motors
3
14. Presentations of analyses
16
Year of
publishing
Analysis of provided literature and preparation for
discussions in lectures (4 hours)
Analysis of provided literature and preparation for
discussions in lectures. Case analysis. Preparation for
presentations (4 hours)
Analysis of provided literature and preparation for
discussions in lectures. Case analysis. Preparation for
presentations (4 hours)
Analysis of provided literature and preparation for
discussions in lectures. Case analysis. Preparation for
presentations (4 hours)
Analysis of provided literature and preparation for
discussions in lectures. Case analysis. Preparation for
presentations (4 hours)
Analysis of provided literature and preparation for
discussions in lectures. Case analysis. Preparation for
presentations (4 hours)
Analysis of provided literature, case analysis, data
research and writing a country report. Preparation for
presentation of the country report (30 hours)
Reading list
Authors and title of the publication
2009
Central Banking and Monetary Policy in Emerging Nations, by David De
Rosa,
2012
The Little Book of Emerging Markets: How To Make Money in the
2
Publishing house
Research
Foundation of CFA
Institute
Wiley
2012
World's Fastest Growing
Markets, by Mark Mobius
Breakout Nations: In Pursuit of the Next Economic Miracles by Ruchir
Sharma
W. W. Norton &
Company
Additional reading
Year of
publishing
2012
Authors and title of the publication
Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Publishing house
Crown Business
Lecturer will provide full reading list for every lecture online on Moodle
platform.
Assessment requirements
Assessment criteria
The composition of final
accumulative mark
Course outline arranged by
Students will write and exam at the end of the course and write an
analytical paper on one of the emerging countries and defend their
work in front of the class.
Understanding of theoretical framework and the use of empirical data
for student’s analysis.
Participation: 20%
Analytical paper (includes home assignments, paper, presentation):
50%
Exam at the end of the course 30%
Lecturer is free to elaborate the composition of the final accumulative
mark during the course
Lecturer Justas Mundeikis
Approved by the Study
Program Committee
3