EC262-5-AU-CO:
Economics of Organisational Management
2017/18
Economics
Colchester Campus
Autumn
Undergraduate: Level 5
Current
15
-
Requisites for this module
EC111 or IA151 or IA153
(none)
(none)
(none)
(none)
BA 9L11 Management Economics (Including Placement Year),
BA L108 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)
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.
No information available.
No information available.
No additional information available.
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.
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 |
Coursework weighting |
| Coursework |
Assignment 1 |
|
|
| Exam |
Main exam: 120 minutes during Summer (Main Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Ms Lingqing Jiang
For further information, send an email message to ueco@essex.ac.uk.
Yes
Yes
No
Dr Hui Pan
Coventry University
Senior Lecturer
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).
Economics
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