2017/2018
KAN-CFSMO1123U Theory of the Firm
| English Title |
| Theory of the Firm |
|
|
| Language |
English |
| Course ECTS |
7.5 ECTS |
| Type |
Mandatory |
| Level |
Full Degree Master |
| Duration |
One Semester |
| Start time of the course |
Autumn |
| Timetable |
Course schedule will be posted at
calendar.cbs.dk |
| Study board |
Study Board for MSc in Economics and Business
Administration
|
| Course
coordinator |
- Andreas Philipp Distel - SI
|
| Main academic
disciplines |
|
|
|
Last updated on
06-09-2017
|
| Learning objectives |
| To achieve the grade 12, students should meet the
following learning objectives with no or only minor mistakes or
errors: Students will learn a number of important concepts and
basic tools, rooted in modern microeconomics and organizational
theory that complement other courses at the FSM Program. 2)
Students will acquire tools that can be used to assess, for
example, whether an input should be produced internally (in-house)
or purchased from the market (buy); how strong incentives should be
inside firms; how organizational structures and systems interact
and impact organizational performance; how knowledge can be
effectively governed within and between firms; etc. |
| Examination |
The exam in the subject consists of two parts:
| Theory of the
Firm: | | Sub exam weight | 50% | | Examination form | Home assignment - written product | | Individual or group exam | Individual exam | | Size of written product | Max. 5 pages | | Assignment type | Essay | | Duration | 2 weeks to prepare | | Grading scale | 7-step scale | | Examiner(s) | One internal examiner | | Exam period | Autumn | | Make-up exam/re-exam | Same examination form as the ordinary exam If the number of registered
candidates for the make-up examination/re-take examination warrants
that it may most appropriately be held as an oral examination, the
programme office will inform the students that the make-up
examination/re-take examination will be held as an oral examination
instead. |
| Theory of the
Firm: | | Sub exam weight | 50% | | Examination form | Home assignment - written product | | Individual or group exam | Individual exam | | Size of written product | Max. 5 pages | | Assignment type | Essay | | Duration | 2 weeks to prepare | | Grading scale | 7-step scale | | Examiner(s) | One internal examiner | | Exam period | Autumn | | Make-up exam/re-exam | Same examination form as the ordinary exam If the number of registered
candidates for the make-up examination/re-take examination warrants
that it may most appropriately be held as an oral examination, the
programme office will inform the students that the make-up
examination/re-take examination will be held as an oral examination
instead. | Description of the exam
procedure
Each essay will count for 50% of the
grade. |
|
| Course content and structure |
|
The course provides an introduction to the theory of the firm.
It surveys central concepts and topics such as asymmetric
information, efficiency, incentive conflicts, property rights,
specific assets, organizational structures, organizational
decision-making, knowledge governance etc., and shows how these
explain and predict the nature and behavior of the firm. The course
relates to a number of the other courses at the FSM Program,
perhaps particularly Strategic Management and Corporate Governance
and Finance, and provides part of the foundation for these courses
(e.g., transaction cost economics and principal-agent theory are
important in both).
|
| Teaching methods |
| Lectures with exercises. |
| Feedback during the teaching period |
| Oral feedback on classroom case
discussions. |
| Student workload |
| Lectures preparation and participation |
66 hours |
| Exercises preparation and participation |
66 hours |
| Exam preparation |
74 hours |
|
Last updated on
06-09-2017
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