30450 - FUNDAMENTALS OF MANAGEMENT
Course taught in English
Go to class group/s: 13
The educational objectives of the course are the following
- Provide students with knowledge about the role and functioning of business firms in modern economic systems
- Gain knowledge on the main theoretical and analytical tools required for the economic analysis of firms' activities, and learn how to use them in practical situations
- Provide a comprehensive introduction to the wide range of firms' strategic decisions.
- Introductory notions of business economics: firms, markets and resources.
- Theories of the firm: stakeholders and shareholders.
- Agency and corporate governance mechanisms.
- Analysis and construction of Financial accounts.
- Performance measurement and the design of managerial contracts
- Economies of scale and production capacity.
- Economies of scope and diversification decisions.
- Vertical integration.
- The competitive environment: market structures and industries.
- Creating and sustaining the competitive advantage.
- Organizational structures.
- Incentives and organizational behavior.
- Laders and top management teams.
- Two mid-term written exams (the first in late October and the second in December or January) on specific portions of the program. Each mid-term exam accounts for 50% of the final grade. Each mid-term exam can be taken only once. Thus, students that fail in the first-midterm exam need to take a general written exam covering the whole program; similarly, students that pass the first exam but fail in the second exam, need to take a general written exam covering the whole program.
- A general written exam covering the whole program and accounting for 100% of the grade. The general exam can be taken either in December or in January/February, or in any of the future exam sessions.
- J. BRICKLEY, C. SMITH, J. ZIMMERMAN, Managerial Economics and Organizational Architecture, Mc Graw Hill, 2016.
- J.R. DYSON, Accounting for Non-Accounting Students, FT Prentice Hall, 2016.
- Case studies from the Harvard Business School Case Library.