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 small and medium enterprises. Therefore 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.
- The gains from trade.
- Transaction costs.
- The entrepreneur.
- Property rights.
- Principal and Agent.
- Integration and the visibile hand.
- Corporate governance 1: management incentives.
- Corporate governance 2: the takeover and financial structure.
- Private equity and Hedge Funds.
- Profit-sharing, cooperatives and mutual enterprise.
- Non-profit and charitable enterprise.
- Private and public enterprise: the ownership of business
Consistently with the course contents, the final exam will be a written examination during which the students will be asked to answer some theoretical questions. In addition, the students will be expected to discuss and comment on real world events related to the course contents.