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| Semester | fall semester 2021 |
| Course frequency | Every fall sem. |
| Lecturers | Catherine Roux (catherine.roux@unibas.ch, Assessor) |
| Content | • Markets and Prices as Coordination and Incentive Devices • Transaction Costs • Property Rights Approach • Team Production • Asymmetric Information • Incentive Contracts • Efficiency Wages |
| Learning objectives | Why do firms exist? Why are firms organized the way they are? Traditional economic models leave little room for firms or other organizations as they focus on market exchange between individuals. This course will introduce students to microeconomic models that try to explain the existence and structure of firms as we observe them in the real world. Economics brings a rigorous approach that is grounded in theory. The course will provide a basic understanding of economic approaches to modeling and understanding aspects of firms, their structure, the behavior they create, and how they differ from market interaction. About half of the course will be based on the standard textbook by Milgrom and Roberts, the other half will consist of influential articles on the economics of organizations, by authors such as Coase, Williamson, Hart, and Tirole. |
| Bibliography | The readings will consist of both scholarly research articles and chapters from the textbook, Economics, Organization and Management, by Paul Milgrom and John Roberts (1992, Prentice Hall). Both kinds of readings will be made available online. |
| Comments | The course is taught purely digital, i.e. no fixed timeslots. |
| Admission requirements | Completed Bachelor in Business and Economics. No more ECTS may be earned with this lecture if the course 40106 Game Theory and Theory of the Firm has already been successfully completed. |
| Course application | Registration: Please enrol in MOnA. EUCOR-Students and students of other Swiss Universities have to enrol at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. Enrolment = Registration for the exam! |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|
| Comments | The course is taught purely digital, i.e. no fixed timeslots. |
No dates available. Please contact the lecturer.
| Modules |
Basic Module: Advanced Topics in Economics (Master's Studies: International and Monetary Economics) Core Module: Business (Master's Studies: Business and Economics (Start of studies before 01.08.2021)) Module: Core Competences in Economics (Master's Studies: Sustainable Development) Module: Fundamentals in Business and Economics (Master's Studies: Business and Economics) Module: Fundamentals in Business and Technology (Master's Studies: Business and Technology) Module: Fundamentals in Economics (Master's Studies: Economics and Public Policy) |
| Assessment format | main lecture exam |
| Assessment details | written exam: 11.01.22; 16:15-17:45. Bernoullianum: A-LAR; HS 102; LAN-R; WWZ S13: S; WWZ S15: T-Z. In case COVID-19 protective measures prevent examination on site, the faculty reserves the right to conduct the examination electronically during the same time slot. You can still withdraw from the examination by submitting a completed, signed form to our office from 19.10.21 until 29.10.21 / 12:00 o’clock. Please send your form by mail to belegungstorno-wwz@unibas.ch. You will find the examination withdrawal form on the Homepage of the Student Dean’s Office. Prior to 18.10.21, please only use MONA for withdrawing. repeat examination: 03.02.22: 14:15-15:45. |
| Assessment registration/deregistration | Reg.: course registration, dereg: cancel course registration |
| Repeat examination | one repetition, best attempt counts |
| Scale | 1-6 0,1 |
| Repeated registration | one repetition |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |