The course discusses the economic foundations of strategic management and international business disciplines. The goal is to familiarize students with the main theoretical approaches in strategic management and international business rooted in economic theory, and discuss their empirical applications. We also aim to guide students to the research frontier in selected topics, and let them explore open and interesting research questions, both theoretical and empirical, on their own.
Course format
Course load is 6 ECTS credits. Each 180 minute session consists of the presentation of academic papers by students, followed by the class discussion. Students are also expected to write a term paper, which should identify an interesting empirical research question and use course theories to address it.
Grading
The final grade consists of presentations, class discussions and weekly assignments (60%) and a term paper (40%). The minimum required grade to pass the course is 6.
Specifics
All non-CentER students should ask formal permission from the Director of Graduate Studies in Business BEFORE the start of the course.
Please send your request for permission including grade list, CV and motivation letter to CentER Graduate School at center-gs@uvt.nl. Note that asking permission is not just a formality.
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The course covers the theoretical foundations of strategy and international business rooted in economic theory. The course consists of interactive sessions, in which academic journal articles will be presented and discussed by students and the instructors. We will study the main economic theories that explain the existence, scale, and scope of firms, and performance differences across firms (transaction costs economics, property rights theory, agency theory, resource-based view of the firm, knowledge-based view of the firm, dynamic capabilities perspective). The detailed schedule for the sessions is available on the course's Canvas page.
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