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xxx1 Economics of Organizations



Upon completion of the course, the student will have: 

  • profound knowledge on theories on how economical transactions can be coordinated through markets, organisations and networks (K1), 
  • profound knowledge on economic theories that explain business’ boarders, and why some financial transactions are in a market while others are within the business (K2), 
  • profound knowledge on how organisational economics can explain competitive advantages based on the business’ resources, and how businesses can co-create, change and expand through relations and 
  • an overview of the history of organisational economics and its theoretical contribution to strategic and financial management (K4). 



Upon completion of the course, the student can: 

  • apply and relate critical organisational economics and research results within this field (f1) and 
  • structure and formulate academic arguments on organisation and management, and suggest solutions to practical and theoretical problems based on independent analysis (f2). 

General competence 

Upon completion of the course, the student can: 

  • identify ethical issues and discuss corporate social responsibility in relation to the financial organisation (g1).


The following topics are covered. 

  • Neoclassical theory 
  • Transaction costs, bounded rationality and opportunism 
  • Vertical integration, risk diversification, incentives, contracts and trust 
  • Resource based theories and dynamic capabilities 
  • Behavioural economic theory 
  • Agent theory 
  • Actor/player- network theory 
  • Institutional theory 
  • Inter-organisational theory 
  • Economic organisation, ethical issues and social responsibility

Arbeids- og undervisningsformer

The following teaching methods are used. 

  • Lectures 
  • Problem solving 
  • Tutorial videos 
  • Case studies

Obligatoriske krav som må være godkjent før eksamen kan avlegges

  • Students must pass three out of four mandatory course requirements to be allowed to take the exam.  
  • 50% attendance in classes is required.


  • 48-hours individual home exam.

Tillatte hjelpemidler til eksamen

  • All resources.