Management
Objectives
This course is intended for undergraduate students providing an overview of the different functional areas of management, emphasizing, namely, the way economics can be used for the decision-making in a business. Whenever relevant will address the peculiarities of public sector management.
General characterization
Code
2750
Credits
3.5
Responsible teacher
António Nogueira Leite
Hours
Weekly - Available soon
Total - Available soon
Teaching language
English
Prerequisites
n/a
Bibliography
Besanko, D.; D. Dranove; M. Shanley & S. Schaefer, Economics of Strategy, Wiley, 6th edition, 2013 [BDSS]
Mata, J, Economia da Empresa, Fundação Calouste Gulbenkian, Lisboa, 9th edition, 2016. [JM]
Jensen, M., Value Maximization and Stakeholder Theory, Research and Ideas , Harvard Business School, July 2000
Schechter, A., It¿s time to rethink Milton Friedman¿s ¿shareholder value argument?¿, Chicago Booth Review, 2017
Teaching method
The course comprises of two lectures/discussion sessions per week. In the lectures, the theoretical material is presented and discussed with the help of examples. The practical part, using examples and cases. serves the dual purpose of consolidating the theoretical materials and promote case based learning.
Evaluation method
Grades will be based on the following:
Group case Presentation (40%)
Final exam (50%).
Class Participation (10%)
Subject matter
1. Definition of the firm. History of the firm. Horizontal and vertical boundaries [BDSS, ch.2] [JM, ch.1]
2. Value Maximization vs Stakeholder Theory [BDSS, Introduction] [JM, ch.2,4]
3. Shareholders and Management: a Principal Agent approach.
Programs
Programs where the course is taught: