2017/2018

2017/2018

DM270

SECS-P/01 (POLITICAL ECONOMY)

DEPARTMENT OF ECONOMICS AND MANAGEMENT

BUSINESS ADMINISTRATION AND LAW

Amministrazione, Finanza e Controllo

1°

1st semester (25/09/2017 - 22/12/2017)

6

44 lesson hours

Italian

WRITTEN AND ORAL TEST

FUMAGALLI ANDREA MARIA (titolare) - 6 ECTS

It is advisable to know the program of microeconomics

The course aims to study the two forms of organization, which are central in the economic system: the market and the firm, highlighting the different theories that have studied their relationship. In the second part of the course, the relationship between enterprise and technological progress will be thoroughly explored.

Part I: The Economics Theory of Firm
1 Introduction to the course.
2 The nature of the firm according to Coase and the relationship with the market structure
3 The Structure-Conduct-Performance (SCP) Approach
4 Critics of the SCP approach: the Dasgupta-Stiglitz model
5 Critics of the SCP approach: the contestable market model
6 Managerial Firms Theories: the static and dynamic model of Baumol.
7 Managerial Firms Theories: Williamson's Management Discretionary Model
8 Managerial Firms Theories: Marris's Model
9 The firm as a market agent in the presence of incomplete contracts: the contribution of Alchian-Demsetz
10 The firm as a market agent in the presence of incomplete contracts: the contribution of Grossman-Hart-Moore
11 The firm as a Complex Organization: Williamson's Approach

Part II Theories of technological progress and knowledge
12 The neoclassical approach to technological diffusion, starting with Hicks' taxonomy
13 An Introduction to the Neo-Schumpeterian Approach to the Firm
14 From J. A. Schumpeter's economic development theory to C. Freeman's approach
15 Evolutionary Firm Theory: H. Simon's Cognitive Theory
16 Between history and economy: the technological diffusion and the concept of technological paradigm
17 The Firm Evolutionary Theory and Nelson-Winter's Model
18 Knowledge, Learning and Networking Economies
19 The transition from the Fordist-Keynesian paradigm to that of cognitive capitalism
20 The hypothesis of cognitive capitalism
21 Role and function of knowledge: towards a taxonomy of knowledge

Frontal lessons

Bibliographic references will be given during the course and can be found at the course webpage: http://economia.unipv.it/pagp/pagine_personali/afuma/didattica/teoria_imp.html

Written examination of 2 hours (three open questions) with possibility of supplementary oral examination for those who have a vote ≥ 26/30.

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