Master’s degree in Business Management (Vicenza)

Master’s degree in Business Management (Vicenza)

Course not running

Industrial Economics (Advanced) (2009/2010)

Course code
Angelo Zago
Academic sector
Language of instruction
Teaching is organised as follows:
Activity Credits Period Academic staff
1 - lezione 7 1st semester Angelo Zago
2 - lezione 2 1st semester Luca Zarri


Not inserted.

Learning outcomes

The course analyzes firms’ problems, in particular their interactions with the owners, the management, the workforce, and the input providers, starting from real world problems. The major objective of the course is to prepare the students to the critical assessment of these economic situations and the related economic policies. We analyze firms’ choices using microeconomic and asymmetric information tools. We thus will use an analytical approach, with a special emphasis on strategic interactions. This is a course of applied microeconomics aimed at students working in Management and Accounting, who will be working in consulting, management and organizational positions in various types of firms. The exposition of the different topics will be motivated by case studies, together with the analysis of productive sectors and economic policies, as it is the tradition of Economics Departments in different Business Schools. Moreover, the course will provide students with the tools to analyze the behaviour of non-profit firms, their relationships with for-profit firms, and their ability to accumulate social capital. The course will be taught in English.


- The gains from trade.
- Transaction costs.
- The entrepreneur.
- Property rights.
- Principal and Agent.
- Multitasks model.
- Hierarchies.
- Integration and the visible hand.
- Corporate governance 1: management incentives and shareholders’ role.
- Corporate governance 2: the takeover and financial structure. Private equity ed Hedge Funds.
- Profit-sharing, cooperatives and mutual enterprise.
- Non-profit and charitable enterprise. Classical theories of non-profit organizations: Government failure (Weisbrod) and contract failure (Hansmann).
- Behavioral economics and social preferences: experimental evidence.
- Non-profit organizations and the accumulation of bridging social capital.
- Private and public enterprise: the ownership of business.

Assessment methods and criteria

Consistently with the course contents, the final exam will be formed by:
- a traditional written exam (with open questions), during which the students will be asked to answer some theoretical questions (usually 2); in addition, the students are expected to comment on real world events related to the course contents;
- a written examination (multiple choices) regarding theory;
- a short essay (2,000 words), as described on the course web page.

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