2018/19 Taught Postgraduate Module Catalogue
LUBS5002M Information and Organisation Design
15 creditsClass Size: 80
Module manager: Professor Andrew Robinson
Taught: Semester 1 View Timetable
Year running 2018/19
This module is not approved as an Elective
ObjectivesEvery day the business press carry stories about issues of economic organisation: about how managers have experimented with organisational innovations to solve co-ordination and motivation problems and respond to the needs of ever-changing markets and technologies. Within the firm, new pay systems and new bases for compensation have emerged. Job definitions and career paths have changed. Financing and ownership patterns have been radically altered. Relationships between suppliers and customers have been restructured, the scope of activities carried out within the firm has shifted, and the pattern of information flows, authority, and reporting within and between organisations has been redrawn.
This Masters level module provides students with a durable ‘toolkit’ of economic techniques aimed at understanding and analysing these issues and the analysis of organisations, markets, and management more broadly.
Upon completion of this module students will be able to critically evaluate:
- economic techniques that can be applied specifically to the analysis of organisations, markets, and management as well as a wider range of economic issues
- how a firm deals with uncertainty, risk and imperfect information and apply this to scenarios in insurance, banking and finance
- the relative strengths and weaknesses of markets and organisations
- the different economic approaches to decision making, motivation and ownership that lie at the heart of the operation of organisations
Upon completion of this module students will be able to:
- interpret problems and develop possible solutions
- communicate in writing to an advance academic level
- communicate complex theoretical explanations
- conduct research of complex theoretical explanations and apply to real world examples in business and finance
The syllabus using a range of traditional and ‘modern’ economic concepts and theories including game theory, principal-agent theory, transaction cost theory and evolutionary theories to gain a greater understanding of current issues facing organisations. In particular it addresses the following issues:
- Does organisation matter? Co-ordination, markets and management;
- Markets and organisation: How are decisions co-ordinated?
- The Economics of information: Information problems for markets and organisations
- Elements of decision-making: Insights from game theory
- Agency relations between owners, managers and employees: Incentives and governance
- Markets and Hierarchies: A Transaction Cost approach
- Strategy and performance frameworks
- Evolutionary approaches to organisations: The dynamics of organisational functioning.
|Delivery type||Number||Length hours||Student hours|
|Private study hours||120.00|
|Total Contact hours||30.00|
|Total hours (100hr per 10 credits)||150.00|
Private studyreading for lectures 50 hours
preparation for classes 30 hours
preparation of coursework 20 hours
preparation for exam 20 hours
Opportunities for Formative Feedback- Feedback will be provided to students on their responses to a number of pre-set tutorial questions. Students will also be actively engaged in class discussions and debates.
- Students will receive a typed sheet of comments along with the grade for their coursework assignment.
Methods of assessment
|Assessment type||Notes||% of formal assessment|
|Total percentage (Assessment Coursework)||30.00|
The resit for this module will be 100% by examination
|Exam type||Exam duration||% of formal assessment|
|Standard exam (closed essays, MCQs etc)||2 hr 00 mins||70.00|
|Total percentage (Assessment Exams)||70.00|
The resit for this module will be 100% by 2hours examination.
Reading listThe reading list is available from the Library website
Last updated: 12/12/2018 10:48:53
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