English   Danish

2022/2023  KAN-CPHIO2201U  Finance and Society

English Title
Finance and Society

Course information

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 BSc/MSc in Business Administration and Philosophy, MSc
Course coordinator
  • Ann-Christina Lange - Department of Business Humanities and Law
  • Mathias Hein Jessen - Department of Business Humanities and Law
Main academic disciplines
  • Finance
  • Methodology and philosophy of science
  • Sociology
Teaching methods
  • Face-to-face teaching
Last updated on 23-08-2022

Relevant links

Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • Demonstrate a thorough and critical understanding of the corporation and finance as presented in the course literature.
  • Analyze problems with relation to the central role of corporations and finance in contemporary society
  • Discuss and critically assess own findings and understandings as well as of the course readings
Finance and Society:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 10 pages
Assignment type Written assignment
Duration Written product to be submitted on specified date and time.
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Winter and Winter
Make-up exam/re-exam
Same examination form as the ordinary exam
Course content, structure and pedagogical approach

The overall aim of this course is to give the students a contextual and critical understanding of the corporation, and finance as well as their interrelation as a central figure in contemporary society. The course provides the students with an opportunity to bring together the conceptual philosophical toolbox and skills from other courses in order to critically analyse key institutions and practices of the contemporary economy and how the economic, political, social and cultural world are brought together.

Over the last 40 years, the multinational corporation has developed into one of the most powerful economic and political institutions, and the financial sector (i.e. the way such corporations are being valued and legitimized) has developed into an economically highly important as well as a culturally and politically contested industry. The rise of the corporation and the rise of financial markets are centrally interlinked, and has been the driver of economic growth and development as well as crises and recessions. The rise of the contemporary multinational corporation can therefore not be understood without recourse to finance and financial markets, and vice versa.


Within political, historical and philosophical studies of the corporation, it has increasingly been acknowledged that the corporation must be understood not as a purely economic phenomenon, but as a political entity, that is politically constituted and that wields political power both externally and internally over its members. On the other hand, within finance studies, it has increasingly been acknowledged that the financial world is by no means detached from the wider society, rather its role and intertwined status has been much debated. This has given rise to questions like: How can we understand the corporation as a political actor? Who are the constituents, owners and stakeholders of the corporation? How can we regulate corporations, through different models of corporate governance, purpose, democratization? Do we need more regulation of multinational corporations and the financial sector in general? What consequences does the privatization of the exchanges have on the wider society? How should the corporations in general be organised in order to serve the greater public interests? How do we as a society hold such entities accountable for their actions? This course aims to provide students with an opportunity to think about and discuss these issues and how the corporation and financial institutions relate to societal changes more generally.

Description of the teaching methods
The course promotes the analysis of multinational corporations and financial markets as a set of powerful institutions and widely diffused logics of organisation, valuation, and distribution in our societies. The course offers a unique cross-disciplinary platform in which the political, cultural, economic and social character of corporations and the society-wide implications of the increased role of financial institutions and corporations in contemporary society is analysed.

Teaching will comprise lectures, student group discussions and presentations.

The course builds upon three main themes:

1) Introduction to the history of the corporation and financial markets as an object of philosophical, sociological and cultural analysis.
2) Organizational culture and approaches to agency in contemporary society
3) Regulatory aspects related to the increased finance and the corporation. This includes a focus on different regulatory regimes and corporate governance.
Feedback during the teaching period
This course is based on dialogue and discussion between the students and the instructor as well as in between the student group. All students are required to take part in discussions which will receive feedback from the instructor. This aims to enhance the students ability to critically reflect upon the required readings in and through student-centred dialogue.
Student workload
Forberedelse 30 hours
Undervisning 146 hours
Eksamen 30 hours
Further Information

The literature for the course will mostly be academic texts supplemented with articles from international newspapers and other case material. Classes will focus on student discussion and class discussion. The students are required to be well prepared for each class. Students are required to discuss and debate topics with each other in class.

Expected literature

The literature for the course will mostly be academic texts supplemented with articles from international newspapers such as the New York Times, Financial Times, and the Economist. Classes will focus on student presentations and class discussion. The students are required to be present and to be well prepared for each class. Students are required to present and to debate topics with each other in class.

Last updated on 23-08-2022