After completing the course Introduction Economics and Business (E&BE) the student is able to:
- Identify, select and apply different basic economic theories;
- Describe and explain the underlying assumptions and potential criticism regarding neoclassical economic theory;
- Discuss, explain, and apply a set of alternative economic theories concerning the organization of firms;
- Explain and apply the basic working of game theory;
- Explain and analyze the different arguments of strategic decisions of firms.
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Why are firms organized differently in different industries, countries and times? How can we explain the different strategies and strategic changes of firms?
This course provides an introduction to economic approaches to organisations and management. Economists think in terms of efficiency: how can a certain goal be reached by using minimum resources? Consequently, the central question in this course is: how can an organisation be governed and managed efficiently? The course will prove that the economic approach to organisations is pluralistic. There are several viewpoints, and each viewpoint offers a different perspective on organisations and management.
It is widely acknowledged that the economic perspective on organisations is not the only one. Therefore this perspective is compared with philosophical, sociological and psychological perspectives. |
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| Written exam and assignment.
Partial grades do not remain valid. |
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