Economics of Markets and Organisations
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Do you want to make a difference at work? Are you analytically strong and eager to learn how to determine the impact of market structure and organisational policies on the performance of organisations? Learn crucial insights and skills to deal with the challenges that organisations face with the Economics of Markets and Organisations programme.This specialisation uses the latest research insights and techniques. It teaches you to determine how organisational policies, such as recruitment, rewards, job design, decision-making procedures, and leadership drive human behaviour at work and, by extension, organisational performance. Furthermore, you learn how market structure and organisational strategy interact in determining key economic outcomes, such as innovation, productivity, and growth. With the skills and tools to perform theoretical and empirical analysis, you are able to recognise core drivers for challenges that organisations face, and provide, present, and evaluate solutions to these challenges. Not only those of today, but also those 20 years from now.The programme is organised in six blocks of eight weeks. You will combine microeconomic theory with empirical techniques and practical applications. Staff draw their teaching materials from recent research in this area and from their interaction with practitioners.The curriculum consists of tool courses, core courses and seminars. The tool courses, Applied Econometrics and Game Theory, provide a foundation for empirical and theoretical analysis. Game Theory trains students to quickly reduce a situation to its essence, and provides insight into situations of strategic interaction. Applied Econometrics equips you with the tools to extract reliable information from available data and assess the credibility of empirical results.The core courses provide a comprehensive overview of the key insights in organisational economics and industrial organisation. This includes principal-agent theory, contract theory, and contest theory. The insights are discussed using many examples from real-life organisations and markets.In the electives, students apply the skills and insights obtained in the core and tool courses. In the elective Strategy and Organisational Design the focus is on the interaction between the organisation and its environment. A strategy of a firm refers to its long-run policies. This includes questions such as: how does the decision which markets a firm enters depend on market structure and competitor behaviour? Which intermediate products does a firm produce itself and which does it buy from suppliers? What determines whether organisations delegate decisions to lower level managers? When do firms cooperate and when do they merge? The elective Empirical Personnel Economics studies the effects of incentive pay, job design, teamwork, monitoring, leadership, screening, and other aspects that affect employee performance. The seminars are the main courses in the programme. Here students conduct short analyses, write research notes, present their findings, and actively participate in classroom discussions. Topics can vary per lecture, ranging from the relation between decision-making and communication to the effects of favouritism and discrimination, or the interaction between intrinsic and extrinsic motivation. Furthermore, students discuss the most recent findings in the field of Economics of Markets and Organisations.At the end of the programme you will write your thesis under close supervision of a staff member.
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Admissions Requirements
A bachelor’s degree (BSc) in the field of economics, econometrics or business (administration). Your bachelor's degree needs to consist of a solid background in economics, business economics, mathematics and statistics.
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Rotterdam
Netherlands
3062 PA
Netherlands
- 1 year
- Full Time
- On Campus Learning
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