44763 - Teory of the Firm

Course Unit Page

  • Teacher Andrea Maria Fumagalli

  • Credits 6

  • SSD SECS-P/01

  • Teaching Mode Traditional lectures

  • Language Italian

  • Campus of Bologna

  • Degree Programme First cycle degree programme (L) in Information Science for Management (cod. 8014)

Academic Year 2017/2018

Learning outcomes

At the end of the course the students will be familiar with the fundamental theories explaining the relationship between market and firms.

Course contents

1  Introduction.

2 The nature of the firm: Coase theory

3 The Structure-Conduct-Performance (SCP) Model

4 Managerial Theories of the Firm: Baumol, Williamson e Marris.

5 Incomplete Contracts and the Theory of the Firm: Alchian-Demsetz e Grossman-Hart-Moore

6 Williamson and Transaction Cost Theory

7 Neo-Schumpeterian Theory of the Firm

8 The Behavioral Theory of the Firm

9 The Evolutionary Theory of the Firm: Nelson-Winter

10 Cognitive Capitalism


Milgrom, P. R. and Roberts, J. 1992. Economics, Organization and Management. Prentice-Hall.

Teaching methods


Assessment methods

The test will be a written exam aimed at the following:

1) assess the knowledge of presented theoretical models

2) assess the ability to produce valuable criticisms of the models

3) assess the ability to elicit managerial implications of presented theoretical models 


Office hours

See the website of Andrea Maria Fumagalli