Introduction to Economics and Business Ethics

What it is about

You will receive an introduction to business ethics and to the fundamentals of microeconomics. By the end you will be able to apply central ethical theories to corporate questions, critically situate CSR and corporate governance, and understand basic concepts of supply, demand, market failure and welfare economic evaluation.

What you will be able to do

• Apply classical ethical concepts (duty ethics, consequentialism, virtue ethics)
• Analyze Corporate Social Responsibility and Corporate Governance
• Classify selected corporate scandals and governance problems
• Understand the connections between economy and environment
• Explain basic concepts of consumer and producer theory
• Identify causes of market failure
• Evaluate government interventions using welfare economics
• Assess intertemporal efficiency and long-term consequences of economic decisions

What the module consists of

• LectureConveying the theoretical foundations in ethics and microeconomics
• Group discussions/exercises (partially integrated)Application of the content to cases and deepening through exchange

Teaching method

• Lectures with PowerPointExplanation of core concepts and structuring of the material
• Group discussions and exercisesDeepening, case work and critical exchange