Course description

The Firm - Introduction Course

Introduction

The course provides a broad introduction to the main features of the role of firms in the economy. The versatility of firms will be presented in a broader social context with the aid of historical, ethical and theoretical perspectives. The course aims to educate participants through an introduction to broad historical developments in the Western world, focusing in particular on the foundations relevant for firms and the market economy.

Course content

  1. Introduction
  2. The firm Ltd.
  3. The firm and the three industrial revolutions
  4. The problem of self-interest
  5. Corporate social responsibility
  6. Ethics
  7. Management
  8. Ownership
  9. Multinationals and globalization
  10. Innovation and entrepreneurship?
  11. Innovation and society
  12. The state and the firm
  13. Process: Summing up
  14. Summing up

Learning outcome knowledge

After completed course students shall have:

  • Developed familiarity with theories of why firms exist.
  • Developed familiarity with the main features of the historical development of the firm, with an emphasis on understanding traditions underpinning the firms of today.
  • Acquired knowledge about ownership, leadership, multinational companies, innovation, and the state's relations to firms.
  • Knowledge about the problems related to self-interest, and possible solutions and answers to this.
  • Acquired knowledge with respect to what is meant by corporate social responsibility, and challenges related to it.
  • Acquired knowledge about ethical theories and challenges in business

Exam organisation

  • Home exam: 60%
  • Written exam: 40%