Good knowledge of industrial organization
The objective of the course is to illustrate and discuss the
scientific foundations of the entrepreneurial activity. In depth will
be examined the nature of the firm, its role in different economic
systems, the relationships between internal organization and
market, with the purpose to allow students to establish correct
and useful logical connections between approaches for
microeconomic theories, of both industrial and management
economics, and ground reality.
The course means to supply the useful knowledge to understand
the following aspects: competition, market and firm; development
of the concept of competition; the limits of the main paradigm in
economics; the traditional theory and the new firm theory.
At the end of the course the student will be able to analyze and contextualize the role of the firm and the role of the entrepreneur in the modern economic context.
The student will improve his/her ability to analyse business cases and evaluate business dynamics.
Milgrom P., Roberts J., Economics, Organization and Management, Pearson 1992
Written and oral exam. The written exam includes three open
ended questions and lasts 90 minutes. The oral exam consists in
a conversation. Both the exams include all the whole of the
syllabus. The two exams are to be taken on the same day. The
objective in both the exams is two judge the students capability
to understand the dynamics of the microeconomic theory of the
firm, to have acquired responsibilities and the use of technical
terms, to have understood the mean of the comparative statics
Economic Organization and Efficiency; Using Prices for Coordination and Motivation; Coordinating
Plans and Actions; Incentives and Motivation; Moral Hazard; Risk Sharing and Incentive Contracts;
Rents and Efficiency; Ownership and Property Rights; The Classical Theory of Investments and Finance;
Financial Structure, Ownership, and Corporate Control; The Boundaries and Structure of the Firm.