To equip participants with competence in applying micro economic -classical, neoclassical and instutional economics- theories and models in organisational contexts.


Session
Number
Session Title Reading
1 (2 hours) Micro Economics of Firms: Technology, Cost and Profit Varian H R (2010), Intermediate micro economics:a modern approach, New York: WW Norton and Company, 8th Edition, Chapters 18,19, 20, 21
2 & 3 (4 hours) Micro Economics of Firms: Market Structure Varian H R (2010), Intermediate micro economics:a modern approach, New York: WW Norton and Company, 8th Edition, Chapters 22, 23,24, 25, 27
4 & 5 (4 hours) Industrial Organisation: Division of Labour,Disintegration and Integration Smith Adam (1776), An enquiry into the nature and causes of wealth of nations, ebook classics
(chapters I, II and III), George Stigler (1951) "The Division of Labor Is Limited by the Extent of the Market," Journal of Political Economy 59(3): 185-193
6 & 7(4 hours) Transaction Cost & Institutional Economics Perspective Coase, Ronald H. (1937). " The Nature of the Firm ". Economica 4 (16): pp 386-405 , Oliver E. Williamson (2000). "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature , 38(3), pp. 595-613
8 (2 hours) Evolutionary Theory of Organisations Nelson R R and Sidney G W (1982) "An evolutionary theoryof Economic Change", Cambridge MA: Harvard University Press, Chapters II and V
Assessment Component weight
Written Closed Book Examination 100%