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A210A0010 Economics of Organizations and Strategy, 6 cr 
Code A210A0010  Validity 01.08.2014 -
Name Economics of Organizations and Strategy  Abbreviation Economics of Or 
Credits6 cr   
TypeBasic studies  
ClassCourse   
  Grading scaleStudy modules 0-5,P/F 
  Eligibility for post-graduate studiesno
    Allowed to study several timesno
Organisation LUT School of Business and Management 

Teachers
Name
Päivi Maijanen-Kyläheiko 
Jorma Sappinen 

Description by Study Guide
Note 

Location: Lappeenranta

 
Year 

M Sc.(Econ. & Bus. Adm.) 1-2

 
Period 

2

 
Teaching Language 

Finnish

 
Teacher(s) in Charge 

Associate Professor, Ph.D. Jorma Sappinen
Post-Doctoral Researcher, D.Sc. (Econ. & Bus. Adm.) Päivi Maijanen-Kyläheiko

 
Aims 

The student is able to explain how transactions and production costs influence the boundaries of the firm after completing the course. He is also able to analyze the impact of the nature of market competition to the strategic decisions of a firm, and apply this knowledge to study by what kinds of means the firm is able to improve its position in markets and attain sustainable competitive advantage. Moreover he is able to analyze how to set incentives in an efficient way from the point of view of organization of the firm.

 
Contents 

The horizontal and vertical boundaries of the firm, the impact of competitive structure of decision making, strategic decision making of a firm (e.g. pricing, commitment, entry and exit etc.), attaining and sustaining of competitive advantage, and internal organization and incentives of firm. The evolution of business organizations. Diversification and social context of a firm.

 
Teaching Methods 

Lectures 24 h, independent reading, completing the term paper, and preparing for lectures 70 h, written exam and preparation for the exam 66 h. Total workload 160 h. Written exam 80% and term paper 20%, both parts obligatory. Moodle is used in this course.

 
Examination in Examination schedule (Yes/No) 

Yes

 
Examination in Moodle (Yes/No) 

No

 
Examination in Exam (Yes/No) 

No

 
Assessment scale and assessment methods 

Grade 0-5, evaluation 0-100 points, 80% exam and 20% term paper.

 
Course Materials 

1. Besanko D. et al: Economics of Strategy, 3rd, 4th, 5th, 6th or 7th ed. 2. Collection of articles

 
Prerequisites 

A250A0400 Microeconomics

 
Places for exchange-students? (Yes, number/No) 

No

 
Places for Open University Students?(Yes, number/No) 

No

 


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Upcoming exams
Functions Name Type cr Teacher Timing
Register Economics of Organizations and Strategy  EXAM  Päivi Maijanen-Kyläheiko,
Jorma Sappinen 
15.04.20wed 16.15-19.15