| Description:
| Before taking this unit you must take an introductory course in Business Economics (e.g. MN10006, MN10070 or MN50169).
Aims:
This unit aims to encourage students to critically analyse the wider implications of corporate strategies from the perspective of both mainstream and heterodox economics, with specific reference to the 'public interest'. By the end of this unit, students should have a wider understanding of the different types of economic governance that exist and the issues that policy-makers face in promoting competitiveness at both a regional and national level.
Learning Outcomes:
By the end of this unit, students should have an appreciation of the issues of economic governance, competitiveness and the associated policy implications. They should be able to differentiate between different types of governance mechanisms (such as hierarchical corporate structures and networks of firms) and identify the issues that policy makers face in dealing with market power and globalisation. In particular, they should be able to make some reasoned analysis of issues such as those that relate to the private sector's provision of public utilities and also the impact of transnational corporations upon regional competitiveness and sustainable local economic and social development.
Skills:
Critical and analytical thinking, and an appreciation of the practical application of the theoretical concepts (F/A).
Content:
Strategic decision-making, strategic failure, economic governance, economic and social development, and their implications for regional and national competitiveness. Policy implications and perspectives: in particular those relating to regulation, globalisation and local economic development strategies.
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Credits: