EC262-5-AU-CO:
Economics of Organisational Management

The details
2019/20
Economics
Colchester Campus
Autumn
Undergraduate: Level 5
Current
Thursday 03 October 2019
Saturday 14 December 2019
15
20 September 2019

 

Requisites for this module
(EC111 or IA151 or IA153) and EC115
(none)
(none)
(none)

 

(none)

Key module for

BA 9L11 Management Economics (Including Placement Year),
BA L108 Management Economics,
BA L108JK Management Economics,
BA L190 Management Economics (Including Foundation Year),
BA L192 Management Economics (Including Year Abroad),
BSC 5M00 Management Economics (Including Placement Year),
BSC L109 Management Economics,
BSC L191 Management Economics (Including Foundation Year),
BSC L193 Management Economics (Including Year Abroad),
BA LN10 Business Economics,
BA LN11 Business Economics (Including Year Abroad),
BA LN12 Business Economics (Including Placement Year)

Module description

The module applies economic ideas to examine the organisational design of firms and how this design interacts with their environment and their competitive strategies. Although the module will adopt several perspectives, the primary perspective is that of incentive theory within the economic analysis of decision making. The first half of the module concentrates on the internal workings of the firm, including incentive pay, monitoring, executive compensation and organisational structure. The second part explores how a firm chooses where to set the boundary between internal transactions and market-based relationships. This leads to discuss issues of (related and unrelated) diversification, vertical integration and suppliers' management.

The main goal of this module is to provide the student with an appreciation of the economic principles that determine the relative performance of different organisational arrangements. These principles are then applied to provide insights into the economic aspects of decisions that confront the managers of private firms or public organisations. A number of case studies of actual organisations will be used to explore the ways in which economic ideas can illuminate (a) the forces that guide decisions (b) the interactions among decision makers, and (c) the pattern of outcomes that are likely to be observed. At the completion of the module students will have learned to apply economic analysis to address issues involving the nature of organisational decision-making. This involves: (i) the ability to sort through a complex managerial situation and identify the crucial facts and issues, (ii) identifying the economic concepts that can help address these crucial issues, (iii) evaluating actual managerial decisions, (iv) converting the theoretical insights provided by the economic literature into recommendations for managerial decisions.

The module provides students with the following employability skills. Academic skills are enhanced through essay-writing, mathematical problem-solving and the use of ICT equipment. Students are encouraged to carry out research and information gathering for term papers and as background reading. External awareness, and in particular knowledge of work and organisational culture, is promoted through real world case studies.

Module aims

This module aims to provide students with an understanding of the economic principles that determine the relative performance of different organisational arrangements. These principles are then applied to provide insights into the economic aspects of decisions that confront the managers of private firms or public organisations.

Module learning outcomes

Upon completion of the module students will have learned to apply economic analysis to address issues involving the nature of organisational decision-making. This involves: (i) the ability to sort through a complex managerial situation and identify the crucial facts and issues, (ii) identifying the economic concepts that can help address these crucial issues, (iii) evaluating actual managerial decisions, (iv) converting the theoretical insights provided by the economic literature into recommendations for managerial decisions.

Module information

No additional information available.

Learning and teaching methods

One 2 hour lecture per week in one term. Lectures will be a mixture of formal presentations of the necessary theoretical tools and case discussions, where students are invited to apply these tools to concrete situations.

Bibliography

This module does not appear to have any essential texts. To see non-essential items, please refer to the module's reading list.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Weighting
Coursework Assignment 1 17/01/2020
Exam 120 minutes during Summer (Main Period) (Main)

Overall assessment

Coursework Exam
50% 50%

Reassessment

Coursework Exam
50% 50%
Module supervisor and teaching staff
Lectures: Lingqing Jiang
For further information, send an email message to ueco@essex.ac.uk.

 

Availability
Yes
Yes
No

External examiner

Dr Hui Pan
Coventry University
Senior Lecturer
Resources
Available via Moodle
Of 22 hours, 20 (90.9%) hours available to students:
2 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).

 

Further information
Economics

Disclaimer: The University makes every effort to ensure that this information on its Module Directory is accurate and up-to-date. Exceptionally it can be necessary to make changes, for example to programmes, modules, facilities or fees. Examples of such reasons might include a change of law or regulatory requirements, industrial action, lack of demand, departure of key personnel, change in government policy, or withdrawal/reduction of funding. Changes to modules may for example consist of variations to the content and method of delivery or assessment of modules and other services, to discontinue modules and other services and to merge or combine modules. The University will endeavour to keep such changes to a minimum, and will also keep students informed appropriately by updating our programme specifications and module directory.

The full Procedures, Rules and Regulations of the University governing how it operates are set out in the Charter, Statutes and Ordinances and in the University Regulations, Policy and Procedures.