|Module Title||ECONOMICS AND ORGANISATIONS|
|Co-ordinator||Professor John Cable|
|Co-Requisite||EC31310 and, EC31510 or EC30230|
|Course delivery||Lecture||10 Hours|
|Seminars / Tutorials||4 Hours|
This module aims to explore the role of markets, firms and economic institutions in the coordination of economic activity.
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.
The current year's module outline can be found via The School's website
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