ECONOMICS, WELFARE ORGANIZATION AND POLICIES
Academic Year 2023/2024 - Teacher: Antonio D'AGATAExpected Learning Outcomes
The course deals with the main elements of the Economics of Organization. It emphasizes the role of organizations as alternative tools to markets in managing interdependences due to the division of labor. The course considers also some issues concerning welfare policies.
Course Structure
Required Prerequisites
Attendance of Lessons
Detailed Course Content
The transaction cost theory of firm
Asymmetric information and solutions
Interdependence and organization
The fundamental issues in organization theory: motivation, coordination, and knowledge management
Organization design
Proposals for an inclusive capitalism
Textbook Information
1. Appunti del docente (available by the teacher), in addition
2. E. Zaninotto, M. Zamarian, Organizzare. L'impresa tra forme emergenti e progetto, Il Mulino, 2012, Introduzione, Capitoli I, II, III, IV, V (only 119-127) and VI.
3. E. Sassoon (a cura di), Per un capitalismo inclusivo. La società più giusta che vogliamo. Harvard Business Review Italia, Strategiqs Edizioni 2022 (With particular reference to Appendice and the articles by Martin, Battilana and Casciaro, Polman e Winston, and Henderson).
Previous arrangement with the teacher, book 3 can be replaced by one of the following books:
- A. Alesina and E.L.Glaeser, Fighting Poverty in the US and Europe: A World of Difference, Oxford University Press, 2004, Chapter III, IV, VI (no section 6.4), VII (it is expected the student read the remaining chapters)
- R.E. Wright, A. Przegalinska, Debating Universal Basic Income. Prons, Cons, and Alternatives, Palgrave MacMillan, 2022.
Course Planning
| Subjects | Text References | |
|---|---|---|
| 1 | Division of labour and markets | Appunti del docente |
| 2 | Markets and transactions costs | Appunti del docente |
| 3 | Markets and the coordination of economic activities | Appunti del docente |
| 4 | Firms and the coordination of the economic activity | Appunti del docente |
| 5 | Asimmetric information and the hold-up problem | Appunti del docente |
| 6 | The organizational problem: division of labour | Zaninotto-Zamarian, Ch. I |
| 7 | Interdependences and the characteristics of firm | Zaninotto-Zamarian, Ch. II |
| 8 | Incentives and rewards | Zaninotto-Zamarian, Ch. III |
| 9 | Hierarchy and coordination | Zaninotto-Zamarian, Ch. IV |
| 10 | Organization and distributed knowledge | Zaninotto-Zamarian, Ch. V, Section 1 |
| 11 | Organizational design: Governance, structures and practices | Zaninotto-Zamarian, Ch. VI |
Learning Assessment
Learning Assessment Procedures
Examples of frequently asked questions and / or exercises
Costi
di transazione. Soluzioni all’informazione asimmetrica. L’impresa secondo la
teoria dei costi di transazione. Alle origini del problema organizzativo: La
divisione del lavoro. Il problema del team e la nascita dell’organizzazione.
Struttura delle relazioni e allineamento degli obiettivi. L’ allineamento delle
aspettative. La gestione del coordinamento. Cos’è il valore condiviso e come si
crea secondo Porter e Kramer. Il nuovo modello d’impresa secondo Martin