MG471 Half Unit
Chinese Economy: Entrepreneurship, Innovation and Growth
This information is for the 2021/22 session.
Prof Ruixue Jia
This course is available on the CEMS Exchange, Global MSc in Management, Global MSc in Management (CEMS MiM), Global MSc in Management (MBA Exchange), MSc in Management (1 Year Programme) and MSc in Management and Strategy. This course is available with permission as an outside option to students on other programmes where regulations permit.
Course is available at the discretion of the Course Leader and following the admissions criteria of the Dept of Management.
Why has China been growing so fast in the past few decades? Is China’s economic growth sustainable? How do firms behave in such a quasi-market economy known for a lack of rule of law and weak property rights? The course is designed to investigate these topical questions and provide students with a general overview of existing research on China’s development, with emphasis on economic and management perspectives.
This course consists of lectures and group sessions related to China’s development, organized along the behaviour of firms. We will cover the following major topics:
1) Institutions: Firms in the shadows of governments
2) The State vs. the Private Ownership: what is the difference?
3) Entrepreneruship: who create the private firms?
4) Innovation: does firms’ innovation follows the government or the market?
5) Chinese Investment Abroad: what are the consequences?
In addition, the course also aims to help students find topics for their future research such as their master thesis.
20 hours of lectures and 10 hours of seminars
Each student is expected to present twice in this course with prepared slides. Students will receive feedback on both substance and presentation skills.
• Naughton, Barry J. The Chinese economy: Adaptation and growth. MIT Press, 2018. Chapter 14, 15
• Song, Zheng, Kjetil Storesletten, and Fabrizio Zilibotti. "Growing like china." American economic review 101, no. 1 (2011): 196-233.
• Hsieh, Chang-Tai, and Peter J. Klenow. "Misallocation and manufacturing TFP in China and India." The Quarterly journal of economics 124.4 (2009): 1403-1448.
• Chong-en Bai, Ruixue Jia, Hongbin Li and Xin Wang (2020), “Entrepreneurial Reluctance: Academic Talent and Firm Creation in China,” Working Paper
• Wei, Shang-Jin, Zhuan Xie, and Xiaobo Zhang. "From" Made in China" to" Innovated in China": Necessity, prospect, and challenges." Journal of Economic Perspectives 31.1 (2017): 49-70.
• Chen, Zhao, Zhikuo Liu, Juan Carlos Suárez Serrato, and Daniel Yi Xu. Notching R&D investment with corporate income tax cuts in China. No. w24749. National Bureau of Economic Research, 2018.
Essay (50%), group presentation (40%) and class participation (10%) in the LT.
Course selection videos
Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.
Important information in response to COVID-19
Please note that during 2021/22 academic year some variation to teaching and learning activities may be required to respond to changes in public health advice and/or to account for the differing needs of students in attendance on campus and those who might be studying online. For example, this may involve changes to the mode of teaching delivery and/or the format or weighting of assessments. Changes will only be made if required and students will be notified about any changes to teaching or assessment plans at the earliest opportunity.
Total students 2020/21: Unavailable
Average class size 2020/21: Unavailable
Controlled access 2020/21: No
Value: Half Unit
Personal development skills
- Team working
- Problem solving
- Application of information skills