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◄Faculty of Economics and Administration►

Synopsis of Course This graduate-level course seeks to expose students to the
Contents study of how political economy factors influence global,
national and local organizations of power, and how they in
turn impact on firms. The organization of firms is then
examined using theories of the firm, clusters and networks.
Macro-micro interactions and their consequences between
them are then analysed to understand internal and external
structures to explain how the nature of its integration
influence the conduct and performance of firms. Related
topics associated with the conduct of firms such as market
power, mergers and alliances, strategic networks, clusters
and regulation will also be examined. The course will also
discuss public policy responses to scale, market power and
competition. The lectures will be supplemented with
seminars to examine some of the classic papers in the
evolutionary field.
Assessment Methods Continuous Assessment: 70%
Final Examination: 30%
Main Reference (1) North, Douglass C., (1990) Institutions, Institutional
Change, and Economic Performance, New York:
Cambridge University Press.
(2) Church J. and Ware R. (2000) Industrial Organization:
A Strategic Approach, New York: Irwin McGraw-Hill.
(3) Reinert E. (2007) How Rich Countries Got Rich … and
Why Poor Countries Remain Poor, New York: Carroll &
Graf Publishers.
(4) Chang H.J. (2007) Bad Samaritans, London: Random
House Business Books.
(5) Nelson, R.R. & Winter, S.G. (1982) An Evolutionary
Theory of Economic Change. Cambridge: Harvard
University Press.
(6) Rajah Rasiah (2004) Foreign Firms, Technological
Capabilities and Economic Performance: Evidence
from Africa, Asia and Latin America, Cheltenham:
Edward Elgar.
(7) Banji Oyeyinka and Rajah Rasiah (2008) Uneven
Paths to Development, Cheltenham: Edward Elgar.
(8) Rajah Rasiah (2008) “Institutions and Organizations:
Lecture Notes“.

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