• Explain and discuss central elements of capitalism in national and global contexts with reference to theory and history.
• Explain how capitalist institutions and methods shape modern concerns and issues for business strategy
• Understand how and why the Danish version of capitalism came to be, including the pro and cons and general features.
• Be able to make institutional comparison based on history, empirical data, and theoretical concerns, which should be valuable for future business analysis
• Explain how corporate strategy can use institutional design to gain lasting competitive advantage

Graduates of the GLOBE program can be expected to work both globally and locally. While the global world today is uniform in many aspects of market-based organization, such as openness to trade and travel, local differences in institutions and method of capitalism do exist. Often such differences can be important to know, appreciate, and even understand for global business to be successful locally. Current institutional arrangements are often path dependent and this course will equip the students with the tools to disentangle the nature of the many types of capitalism found in the world.

As the course is heavy on classical theory, the main pedagogical approach is lectures in the beginning. As the course develops, we will use the history of Danish Capitalism as an empirical reference point and case, thereby also introducing the students to the nature of capitalism in Denmark and modern Danish history. The course draws on external expects too. The student will also be given a chance to work on exercises for their exam projects. We will also do an external trip to meet with policy makers and visit relevant museums. It is a pedagogical point that lectures should include participatory informed debates with students.