• demonstrate a strong and comprehensive knowledge of the two courses’ curriculum.
• identify, describe, and analyze a current problem at the intersection of business, politics, and society and discuss the implications of different strategic choices within the organization as well as in relation to its environment.
• Business, Politics and Society course to:
• understand basic concepts used in the fields of political economy and political sociology.
• identify, explain and critically assess the relationship between political institutions, public policy and the economy in different social and societal settings.
• identify the strengths and weaknesses of the approaches introduced in the course.
• Managerial Economics II course to:
• distinguish different types of structures and processes in public and private organizations in a managerial economics perspective
• explain how different transactions are governed and optimized inside the organization and externally in the market
• apply the methods, theories, and models introduced in the course in order to carry out analyses rooted in managerial economics

Course Description:

Managerial Economics II is a course that seeks to furnish students with the ability to apply microeconomic theory to practical problems. Foremost in a business context making it pinnacle for rational managerial decision making. It aims to provide students with an understanding of how practical economic problems may be understood and managed using abstract theoretical learnings. It draws heavily on microeconomics. But to the degree it is possible, the course seeks to focus on the application of micro economics rather than dwell on its mathematical derivation of logical conclusions. The course will deal with such issues as prices, property rights, externalities, principal agent issues, contracting, and cognitive biases in decision making.  

This course provides an actionable framework for aspiring and already active managers and business operators, which can help them make better and the right coherent choices with regard to establishing and growing their business. It also offers insights that allow the students to understand complex associations in a given economics system and actively participate in both public and private debates using rigorous economic reasoning. 

Course Contents:

The objective of this course is to provide the student with an understanding of how the organizing of activities internal and external to the organization is approached within economics, based on the assumptions of bounded rationality within asymmetric and incomplete information. The course will seek to cover the most central aspects of societal challenges and apply microeconomic theory to address these challenges. It hence provides the students with a framework for thinking about these challenges in a rigorous and organized manner. It entails powerful tools of reasoning which allow the students to tackle an infinite number of aspects of decision making

For more details about the 3rd semester Business in Context exam, see guidelines on CBS CANVAS.

PLEASE CHECK THE UPDATED VERSION OF THE COURSE GUIDES ON CBS CANVAS BEFORE BUYING ANY BOOKS 

The following book is required reading for this course, along with articles made avaliable on CBS CANVAS:  George Hendrikse 2003 Economics and Management of Organizations, McGraw-Hill