Key words
Theory of the firm
Objectives
This course provides a survey of the major economic theories that attempt to describe and explain the behaviour of firms. Using empirical results and real-world examples, the lectures will compare different approaches and encourage students to develop a critical view of the subject.
Prerequisites
No particular knowledge of economics will be assumed
Topics
I. Markets and organisation
II. Markets
III. Organizations
IV. Information
V. Game theory
VI. Behavioural theiry of the firm
VII. Agency theory
VIII. Transaction cost economics
IX. Economic contributions to strategic management
X. Evolutionary approaches to organizarions
XI. All in the family
Teaching Methods
Weekly sessions of two hours
Materials used
Lectures based on a reader: Douma, S. en H. Schreuder, Economic approaches to organizations, 2nd edition, 1998
Study guidance
Assessment
Evaluation will be based on an oral exam
Study costs
Lecturer(s)
Bert MOSSELMANS
Language
English
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