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Business Economics I Introduction Petar Balachev. Office: Jaume 1- 20.146 E-mail: [email protected] Office hour: Friday, 11:15h.-12:15h. TAs: Niccolo Pisani, [email protected] Elena Reutskaja, [email protected] Theme of the Course.

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Business economics i introduction petar balachev

Business Economics IIntroductionPetar Balachev

Office: Jaume 1-20.146

E-mail: [email protected]

Office hour: Friday, 11:15h.-12:15h.

TAs: Niccolo Pisani, [email protected]

Elena Reutskaja, [email protected]

Theme of the course
Theme of the Course

The course provides an introduction to business.

It proposes to explain the behavior of actors and their interactions in a business environment.

Business economics
Business Economics

  • What does it mean – Business Economics?

  • Theory about Management of the Firm

  • The Firm:

  • What is the Firm?

  • Why does the Firm exist?

  • In what field does the Firm operate?

  • With whom does the Firm interact?

  • b) The individuals: inside and outside the Firm

Business economics1
Business Economics

Is this theory useful? How and for who?

  • Future entrepreneurs and businessmen

  • External parties

Recommended literature
Recommended Literature

  • “Managerial Economics and Organizational Architecture”,

  • Brickley, Smith and Zimmerman, 1997

  • (BSZ)

  • “Teoría Contractual de la Empresa”,

  • Arruñada,1998

  • (BA)

    • Human Behavior and Economic Rationality. BSZ – 2 ; BA-1.

    • Markets and Organizations. BSZ-3 ; BA-2

    • 3. Coordination through Contracts. BSZ-7 ; BA-3

    • 4. Relations with Suppliers. BSZ-15 ; BA-4

    • 5. Quality and Management. BSZ-17 ; BA-5

    • 6. Labor Relations and Teams. BSZ-9, 12 ; BA-6

    • 7. Financial Relations. BA-8

    Teaching methodology
    Teaching Methodology

    • Each topic introduces: (Campus Global – Aula Global - MATERIALS D'ESTUDI - Materials complementaris)

    • Important notions and theoretical concepts

    • Real life and empirical Examples that illustrate the concepts

    • The main limitations of the concepts

    • Practicing your newly acquired knowledge during the Practice sessions


    Students are required:

    • To know the English definitions of important notions

    • To be able to illustrate these definitions with examples

    • To have a critical assessment of each notion


    • To provide you with knowledge about the theory of the firm

    • To motivate you to learn and consider the theory and its applications from a CRITICAL perspective

    • To emphasize that Business and Ethics are not antonyms


    • Note the English definitions. Draw the pictures and the key examples

    • Read your notes after and/or before each class

    • Construct your own examples

    • Ask what you don’t understand

    • Think by yourself


    The course will be graded on a final exam (85%) and on Homeworks (15%).

    The final exam will consist in Multiple Choice Questions and a short essay on a managerial issue.

    The course and the exam are in English. The exam can be answered in Catalan, Spanish, and English. The homeworks MUST be done in English.


    • The management of an organization is both a science and an art.

    • It is a science because human behavior can be understood by general laws.

    • It is an art because each individual, each behavior and each business is unique.