2019/2020
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 |
- Aleksandra Gregoric - Department of Strategy and Innovation
(SI)
- Wolfgang Sofka - Department of Strategy and Innovation
(SI)
|
| Main academic
disciplines |
|
|
| Teaching
methods |
|
|
|
Last updated on
02-07-2019
|
| Learning objectives |
1) 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.
The learning objectives are demonstrated in the exam to the degree
to which students can perform along the following dimensions:
- The thoroughness of the understanding of the relevant theories
of the firm.
- The ability to choose and apply relevant theories to solve the
case problem(s), establish link to the relevant academic
literature, integrate case data and information with analysis
frameworks and theory.
- The quality of the case analysis in terms of relevance of
aspects and issues discussed.
- The consistency as well as stringency in reasoning.
- The ability to reflect critically on own conclusions and
recommendations.
|
| Examination |
|
Theory of the
Firm:
|
| Exam
ECTS |
7,5 |
| Examination form |
Written sit-in exam on CBS'
computers |
| Individual or group exam |
Individual exam |
| Assignment type |
Written assignment |
| Duration |
4 hours |
| Grading scale |
7-point grading scale |
| Examiner(s) |
One internal examiner |
| Exam period |
Autumn |
| Aids |
Open book: all written and electronic aids,
including internet access
|
| 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.
|
|
| Course content, structure and pedagogical
approach |
|
The course provides an introduction to the theories of the firm,
including the modern microeconomics of firm organization and the
theory and design of organizations. 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 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).
|
| Description of the 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
02-07-2019
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