Organizational Architecture: Contract Theory for Managers

 

Instructor:

Maxim Storchevoy, Department of Strategic and International Management, Graduate School of Management, St.Petersburg University
E-mail: storchevoy@gsom.pu.ru

Workload:

6 ECTS
36 contact hours

Prerequisites:

Microeconomics

Course Description:

Please provide a brief description of the course (1-3 abstracts, including course outcomes for students)

Course Content (Topics and subtopics):

Topic 1. Rules, Contracts, Opportunism. 

Topic 2. Unique Good.
Topic 3. Bilateral Monopoly.
Topic 4. Adverse Selection.
Topic 5. Public Good.
Topic 6. Moral Hazard.
Topic 7. Hold-Up.
Topic 8. The Nature of the Firm.
Topic 9. The Structure of Hierarchy
Topic 10. Vertical Integration.
Topic 11. Horizontal Integration.
Topic 12. Functional Integration.
Topic 13. Related Integration.
Topic 14. Conglomerate Integration.
Topic 15. Hybrid Forms.

Course Organization:

This course will consists from lectures with active discussions of main concepts in teams, home assignments (analysis of small cases and academic publications), writing a small research paper (essay) on an interesting issue. 

Course Reading (the full list):

Core reading:
1. Brickley J., Smith C. W., Zimmerman J. Managerial Economics & Organizational Archi-tecture. 6th edition. McGraw Hill, 2015.

Supplementary reading:
1. Besanko D, Dranove D, Shanley M, Schaefer S. Economics of Strategy. John Wiley & Sons; 6th edition. 2013.
2. Colombo M. G., Delmastro M. The Economics of Organizational Design: Theory and Empirical Insights . London: Palgrave Macmillan. 2008
3. Douma S., Schreuder H. Economic Approaches to Organizations. Prentice-Hall, 1998.Buckley P. J., Michie J., Coase R. Firms, Organizations and Contracts: A Reader in Industrial Organization. Oxford University Press, 1996.
4. Cases and academic papers will recommended for any topic.

Exam format:

In-class, openbook, 90 minutes

Grading Policy (% or points):

Course progress – 60 %, exam – 40%.
Home assignments 20%
Case analysis 20%
Essay 20%
Final Exam 40%

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