Entrepreneurship in Developing Countries

Course Description:

Entrepreneurship, i.e. the creation and growth of new businesses, is at the heart of Schumpeter’s process of ‘creative destruction’ and is widely viewed as a process generating employment, income and economic development. For developing and least developed countries alike, policies are designed to stimulate the start-up of new firms and even more importantly, the evolution of small business into a larger size and operating with more advanced technologies. But while the importance of entrepreneurship for employment and income generation is well supported, not all entrepreneurial undertakings appear conducive to economic growth. Indeed, many developing countries have large informal economies, where turnover of micro-businesses is overwhelming, yet not generating stable and high-quality jobs.  Many small firms have difficulties in evolving into medium and large size, encountering important barriers to entrepreneurship and growth.  Personal, cultural and institutional factors influence the allocation of entrepreneurial talent and the survival and growth performance of the entrepreneurial firms, determining the contribution of entrepreneurship to growth.


Course outline

The course is designed to study a number of topics in this field of the literature to enable the student to understand the research debate and policy discussions on dynamic entrepreneurship and private sector development.  In particular, the following topics are addressed:

Unit 1: Introduction: Entrepreneurship, economic growth and development
An introduction to the research questions and concepts in the entrepreneurship literature, and a discussion on the role of entrepreneurship for economic growth.

Unit 2: Micro-economic drivers of entry and firm growth
Discussion on the determinants of entry and growth of firms;

Unit 3: Topics in entrepreneurship research
Students pick one particular topic of their choice out of a set of 6 topics that they study more in detail. 

Unit 4: Entrepreneurship policy discussion
Discussion on the trends in the entrepreneurship policy debate; the justification of entrepreneurship policy interventions and best practices in entrepreneurship policy


Duration:
4-week course, to be completed within an 8-week time period.


Prerequisites:
A Master degree (or equivalent) in Social Sciences


Estimated Workload:
60 hrs


Course Activities:
Online lectures, online discussion board, assignments, weekly tutorial meeting to discuss readings and assignments, and an oral exam.


ECTS equivalent credits obtained:
Participants will receive 2 ECTS equivalent credits, upon the successful completion of the course requirements, and oral exam. This certification will be offered through an online educational badge.


Completion:
The course is completed once you fulfil the course requirements and pass the oral exam. Your coursebook will also include the explanation assignments and resit options.


Cost:
500 euro


Required Readings:
The cost of the course does not include expenses for books or hard copies of the course material. Course materials can all be downloaded by the participant him/herself.


Starting date of the course:
Individually decided.
Upon successful enrolment, every participant will start the course on an individual basis, immediately after the acquisition of the course materials. Your tutor will reach out to you to agree on a timeline


Enrolment time:
Upon registration, you will be enrolled for 8 weeks, including 1 week to access the platform and become familiar with the materials, 4 weeks of coursework, 1 week to submit the final assignment and 3 weeks for potential resit time.
In case you prefer to use the 8 weeks in a different way, please agree with your tutor during your first exchange.


Payment:
Upon registration, you will be requested to pay the tuition. Please make the transfer to the following account. Upon payment, you will be registered as student, and contacted by your tutor. On average this takes 1-2 weeks.

Bank account no. 65.76.18.705
IBAN NL05 INGB 0657 618705
Swift or BIC code INGBNL2A
Beneficiary Maastricht University
Bank name ING Business Banking
Bank address P.O. Box 90153
5600 RE  Eindhoven
The Netherlands
Payment specification your last name and 38.10.00.02N


UNU-MERIT