Economic analysis of the firm

lfirm2201  2019-2020  Louvain-la-Neuve

Economic analysis of the firm
Note from June 29, 2020
Although we do not yet know how long the social distancing related to the Covid-19 pandemic will last, and regardless of the changes that had to be made in the evaluation of the June 2020 session in relation to what is provided for in this learning unit description, new learnig unit evaluation methods may still be adopted by the teachers; details of these methods have been - or will be - communicated to the students by the teachers, as soon as possible.
5 credits
30.0 h
Autenne Alexia; Van Hecke Elisabeth;
Main themes
The first part is focused on the economic background of issues analyzed in the other courses of ???la finalité???.: why do firms have to adapt themselves constantly to changing economic environments? To what extent does the separation of ownership and management modify the performance of firms? How does the trade impact on the mobility of goods and factors of production? The second part examines to what extent the transaction cost theory and the agency theory help us to understand, on the one hand, how the boundaries of firms are fixed and in particular why and when they decide to internalize or externalize activities and, on the other hand, why firms may decide to embark on workers' participation schemes. The third part is devoted to market failures and their impact on firms' strategies and organizational evolution: the respective role of market power and efficiency in mergers and acquisition, the distinction between private and public goods from an economic point of view; the specificities of information as a good.

At the end of this learning unit, the student is able to :

1 Provide the students with an economic background allowing them to better understand the economic issues at stake in the different courses from focus "Enterprise"

The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
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Teaching materials
  • Le cours est géré via Moodle
Faculty or entity

Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Master [120] in Law