10 Credits AUTUMN

Aims/Description: This module focuses on the analysis of factors that affect strategic decisions and performance of firms from an economic perspective. This includes organisation-level factors and issues such as the contractual relationships among the different stakeholders of firms and optimal boundaries of firms, as well as the structure and contestability of markets within which they operate. There is particular emphasis on strategic interactions with competitors, designing of contracts in an environment of imperfect (asymmetric) information, and the role of transactions cost in influencing key strategic decisions involving both domestic and international operations of firms. Finally, there is discussion about the factors that influence the regulatory and macroeconomic contexts in which firms operate, including the relevance of interconnectedness of economies for domestic macroeconomic and regulatory environments. As such, the aim of the module is to provide a coherent picture of application of economic principles to different aspects of managerial decision making.

Staff Contact: BHAUMIK SUMON K
Teaching Methods: Lectures, Tutorials, Independent Study
Assessment: Course work

Information on the department responsible for this unit (Management School):

Departmental Home Page
Teaching timetable


The content of our courses is reviewed annually to make sure it's up-to-date and relevant. Individual modules are occasionally updated or withdrawn. This is in response to discoveries through our world-leading research; funding changes; professional accreditation requirements; student or employer feedback; outcomes of reviews; and variations in staff or student numbers. In the event of any change we'll consult and inform students in good time and take reasonable steps to minimise disruption.

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Teaching methods and assessment displayed on this page are indicative for 2021-22. Students will be informed by the academic department of any changes made necessary by the ongoing pandemic.

Western Bank, Sheffield, S10 2TN, UK