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Home | Courses | Law, Economics and Organizations
Course

Law, Economics and Organizations


  • Teacher(s)
    Giuseppe Dari-Mattiacci
  • Research field
    Finance, Organizations and Markets
  • Dates
    Period 2 - Oct 25, 2021 to Dec 17, 2021
  • Course type
    Field
  • Program year
    Second
  • Credits
    3

Course description

This course focuses on the theory of the firm and business organizations. Starting from the theory of the firm, this course then proceeds to examine the economic theory of business organizations and it unveils their origins, historical evolution and functions in the economy.

This course brings the students to the cutting edge of research in the theory of the firm and organizations. The course starts from the theories of the firm, including the leading approach: the property-rights theory of the firm. It then proceeds to cover complementary approaches to the theory of the firm: access to productive assets, incentives for individual firm agents, knowledge management within an organization, and language. The course finally covers relational contracts: an alternative way to organize business activities that is somewhat in the middle-ground between markets and firms.

This course aims at bringing the students up to speed with the most recent contributions on the theory of the firm and business organizations and to provide a critical overview of the development, implications and limits of extant approaches. It then suggests avenues for further research.

Prerequisites

Recommended (optional): first year courses

Course literature

Primary reading
- Selected Papers, see syllabus