Module Description:
This module addresses issues in strategy economics, in particular how economics contributes to the application and understandings of corporate strategy. The module will involve the application and critique of strategy economics’ theories and critical reflection on the use of the economics perspective in management learning.
Module author: Dr. Brendan K O’Rourke.
Module aim:
The aim of this module is to enable students to acquire from strategy economics, the theoretical background, critical thinking and ability to integrate theoretical insights necessary for business in general and strategic management in particular.
Introduction and overview. Nature of contributions, and limitations of economics to business and strategy. Macro-economics and strategy. Strategy frameworks.
Firms’ objectives & stakeholders: Debates and theories.
Market structure, conduct and performance debates. Analysing sectors. Game theory. Public policy and market competition.
Innovation. Grand theories and concepts of innovation including, for example: systems of innovation, commons and gridlock problems.
Theories of the Firm. Transaction costs economics. Principals and Agent. Long Run costs Boundaries of the Firm. Economic theories of Firm organization.
Indicative Syllabus
Introduction and overview: Nature of contributions, and limitations of economics to business and strategy. Macro-economics and strategy. Strategy frameworks. Firms’ objectives & stakeholders: Debates and theories. Market structure, conduct and performance debates. Analysing sectors. Game theory. Public policy and market competition. Innovation. Grand theories and concepts of innovation including, for example: systems of innovation, commons and gridlock problems. Early mover advantages and patent races. Diffusion of innovation. Theories of the Firm. Transaction costs economics. Principals and Agent. Long Run costs Boundaries of the Firm. Economic theories of Firm organization.
Learning in this module requires individual engagement and group interaction. Learners get much choice in the content they pursue in fulfilling the module aim and learning outcomes. Face to face teaching or online sessions will provide content that facilitates learning together while other resources are available for each learner or groups of learners to work on the module in a more self-directed way.
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Other Assessment(s) | 100 |