Module Identifier EC31410  
Academic Year 2000/2001  
Co-ordinator Professor John Cable  
Semester Semester 1  
Co-Requisite EC31310 and, EC31510 or EC30230  
Course delivery Lecture   10 Hours  
  Seminars / Tutorials   4 Hours  
Assessment Exam   1.5 Hours   100%  

This module aims to explore the role of markets, firms and economic institutions in the coordination of economic activity.

Learning outcomes
On completion of the course students will have an understanding of: markets vs firms as co-ordinating mechanisms; strategic choice when decisions interdepend; the behaviour of the firm as a coalition of members; principal-agent relationships; incentive contracts; the role of transaction costs.

Module outline
The current year's module outline can be found via The School's website

Reading Lists
S Douma and H Schreuder,. (1998) Economic Approaches to Organisations. 2nd. Prentic Hall
P Milgrom and J Roberts. (1992) Economics Organisation and Management. Prentice Hall
A Dixit and B Nalebuff. (1991) Thinking Strategically. Norton
P J Buckley and J Michie. (1996) Firms, Organisations and Contracts. Oxford University Press