MANAGERIAL ECONOMICS

Andrea Filippetti

Obiettivi formativi

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Prerequisiti

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Risultati di apprendimento attesi

Students are expected to learn the fundamental economic theories of the firm, the internationalization strategies, and the evolution of the global value chains. Students will be able to navigate current trends of the organizational changes, industry strategies and the evolution of the global economy.

Contenuti Del Corso

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Testi Di Riferimento

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Metodologie Didattiche

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Modalità di verifica dell'apprendimento

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Criteri per l’assegnazione dell’elaborato finale

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Il syllabus affronta temi collegati alla sostenibilità?

not directly

Settimana 1

Introductory fundamental microeconomics: The neoclassical theory of the firm. The classical theory of the market functioning. The theory of the firm (1): the transaction cost theory of the firm: Coase and Williamson. Readings: Paper: “The nature of the firm”, by R. Coase.

Settimana 2

The theory of the firm (2): Simon and Williamson; Readings: paper “The Economics of Organization: The Transaction Cost Approach”, by O. Williamson.

Settimana 3

A dynamic theory of the firm: the evolutionary approach of Nelson and Winter and the dynamic capabilities approach. Paper: the “The Behavioural, Evolutionary, and Dynamic Capabilities Theories of the Firm: Retrospective and Prospective dynamic capabilities approach”, by L. Pierce and D. Teece.

Settimana 4

The knowledge economy and the knowledge based theory. Readings: paper “Towards a knowledge-based theory of the firm”, by R. Grant.

Settimana 5

The origins of the big corporations and transnational corporations. Readings: Chapter "The rise of modern corporations", by F. Guy. Chapter: "The TNC: evolution and growth", by G. Ietto-Gillies

Settimana 6

The international location of multi- national corporations and the product cycle of the industry. Reading: paper “International investment and international trade” in the product cycle by R. Vernon.

Settimana 7

Clusters and globalization. Reading: paper "Globalization and economic geography: the world is curved, not flat", by P. McCann

Settimana 8

Multinational corporations; Reading chapter on MNCs by Grazia Ietto Gillies.

Settimana 9

Global value chains and the second unbundling. Reading: chapter "“The second unbundling divide” by R. Baldwin. Case study: The Apple Ipod value chain

Settimana 10

Global cities, global value chains and multinational corporations. Reading: chapter "Networks and the Role of Cities” by S. Iammarino and P. McCann

Settimana 11

Assignment: motions discussion in class

Settimana 12

Revision class.Reading: The innovation in reverse model. Reading: Chapter handbook innovation in reverse.