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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.