Further Details
Course Syllabus:
Unit 1: Perspectives on the Economic Approaches to Organisation
* Introduction
* Objectives
* The economic problem
* The basic concepts
* Markets and organisations
* Information
* Summary
* References
* Further reading.
Unit 2: Co-ordination through the Market Mechanism
* Introduction
* Objectives
* Determinants of demand
* Determinants of supply
* Theory of demand
* Theory of production
* Microeconomic theory
* Market failure
* Summary
* References
* Further reading.
Unit 3: Organisational Co-ordination
* Introduction
* Objectives
* The firm
* Organisational co-ordination
* Organisational configurations
* Review activity
* Summary
* References
* Further reading.
Unit 4: Information and Co-ordination Mechanisms
* Introduction
* Objectives
* Co-ordination and information
* Uncertainty and contracting
* Informational asymmetry
* Adverse selection and moral hazard
* Value of information
* Summary
* References
* Further reading.
Unit 5: Game Theory
* Introduction
* Objectives
* Methodological backdrop
* One- and two-shot games
* Auctions
* The prisoner's dilemma: single stage
* Repeated games in the prisoner's dilemma
* Review activity
* Summary
* References
* Further reading.
Unit 6: Agency Theory
* Introduction
* Objectives
* A firm's relationships
* Positive theory of agency
* Entrepreneurial firms and team production
* The firm as a nexus of contracts
* Theory of principal and agent
* The agency contract
* Second-best efficient contract
* Modifications to the principal-agent model
* Summary
* References
* Further reading.
Unit 7: Transaction Cost Economics
* Introduction
* Objectives
* Markets and organisations
* An example of transaction cost economics
* Transaction costs
* Critical dimensions of transactions
* Fundamental transformation and the hold-up problem
* Organisational structures
* Complex hierarchies
* Markets and hierarchies: is that all?
* Hybrid forms of co-ordination
* Summary
* References
* Further reading.
Payment plans are available on request.
Guide price
£285.00; inc ASET registration and tutorial support |
