Economics of Corporate Strategy

Overview

A brief overview of theories of industrial and economic organization, contemporary theories of the firm, agency costs, evolutionary economics, transaction cost economics, incentives, entrepreneurship, mergers, hybrids, corporate governance, strategic management, competitive advantage.

Learning Objectives

On completion of the module, students will have
(1) developed an understanding of the key theoretical, empirical and case study methods in business economics as a way of understanding firms and industries;
(2) developed an awareness of accepted theories which underpin how businesses are organized;
(3) enhanced their capacity to structure an argument, to make points accurately and consistently;
(4) become familiar with the relevant aspects of the business economics literature
(5) developed an ability to interpret data, weigh evidence and draw policy conclusions from a range of sources.

Skills

Familiarity with theoretical and applied topics in modern business economics, oral and written communication skills, interpreting data, weighing evidence and drawing policy conclusions

Assessment

Students must achieve an overall mark of 40% in the module to pass