Nottingham University Business School
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Economics of Organisation

Please note that the following information may be subject to change.

Programme: Undergraduate

Module Code: N12613

Semester: Autumn

Convenor: Pia Weiss

Credits & Level: 10 credits; Level 2

Pre-requisites: N11607 (Business Economics) or N11115 (Microeconomics for Business B1).

Co-requisites: None.

Target Students: Available to all students with the appropriate pre-requisite N11607 or N11115. CANNOT be taken by School of Economics students.

Delivery: 11 ninety minute lectures; 2 sixty minute tutorials per semester.

Assessment: One 1-hour examination (100%)

Exam Format:Answer ONE question from a choice of THREE.

Summary of Content Organisational Architecture, Decision Rights, Reward Systems, Individual Performance Evaluation, Tournament Theory; Shareholder Activism; CEO Performance and Turnover

Aims To help students understand economic analysis of the organisation, why firms exist and how they organise and co-ordinate their activities and resources. On completing the course, students should understand the concepts of organisational architecture, reward systems and performance measurement and how these three concepts interact within the firm.

Key Words: Economics; Organisation.

Learning Objectives & Outcomes Knowledge and understanding
This module develops a knowledge and understanding of:
  • The dynamic and changing nature of business and the consideration of the future of organisations within the global business environment, including the management of risk
  • The development of appropriate policies and strategies within a changing environment to meet stakeholder interests
  • The different approaches for segmentation, targeting, positioning, generating sales and the need for innovation in product and service design
  • The design, development of organisations, including cross-cultural issues, change, diversity and values
Intellectual skills
This module develops:
  • The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions
  • Conceptual and critical thinking, analysis, synthesis and evaluation
Professional practical skills
This module develops:
  • People management, to include communications, team building, leadership and motivating others
  • Efficient communication
Transferable (key) skills
This module develops:
  • Articulating and effectively explaining information
Knowledge and understanding (Industrial Economics)
This module develops a knowledge and understanding of:
  • The applications of economics. To discover how to apply relevant economic principles and reasoning to a variety of applied topics, in particular in the fields of industrial organisation and managerial economics.
  • Economic principles and tools addressing the microeconomic issues of decision and choice

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