Microeconomics, Business Strategy and Management

English
GRA 4155
6 Credits

Introduction

The main objective of the course is to provide the students with knowledge in applied microeconomics. To this end, the couse course starts by giving you a framework to think about incentives (or objectives), constraints and optimal choices, i.e., microeconomic fundamentals.

Game theory, where economic decisions are done in strategic environments and performance depends not only on the action of the decision maker, but also on decisions from other agents, is also studied together with topics from business strategy and managerial economics.

Course content

Microeconomic fundamentals

Utility and preferences, profit, constraints to economic decisions and optimal choices
Demand, supply and equilibrium
Game theory – strategic interactions and equilibria.

Business strategy

Industrial organization
Strategic management:
- Strategic Groups theory
- Learning theory
- Resource Dependency theory
- Network Theory

Management economics

Economics of organizations
Organisation science
- Organisations as rational, natural & open systems

Disclaimer

This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.