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Economics of Organizations

  • Duration: Full semester
  • Fall semester , Exchange student
  • ECTS 7,5 ECTS
  • Application period Application deadline: 01 May

Economics of Organizations is a 7,5 ECTS course during the fall semester on the master's level. A 2-day home exam finalizes the course.

The single course is only open to exchange students from our partner institutions. Students applying for the English full degree must view the webpage for full degree students. 


About the course

Possible course combinations

It is not possible to combine the course with other courses.


Learning outcomes


Upon completion of the course, the student will have: 

  • profound knowledge on theories on how economical transactions can be coordinated through markets, organisations and networks (K1), 
  • profound knowledge on economic theories that explain business’ boarders, and why some financial transactions are in a market while others are within the business (K2), 
  • profound knowledge on how organisational economics can explain competitive advantages based on the business’ resources, and how businesses can co-create, change and expand through relations and 
  • an overview of the history of organisational economics and its theoretical contribution to strategic and financial management (K4). 



Upon completion of the course, the student can: 

  • apply and relate critical organisational economics and research results within this field (f1) and 
  • structure and formulate academic arguments on organisation and management, and suggest solutions to practical and theoretical problems based on independent analysis (f2). 


General competence 

Upon completion of the course, the student can: 

  • identify ethical issues and discuss corporate social responsibility in relation to the financial organisation (g1).


Course content

The following topics are covered. 

  • Neoclassical theory 
  • Transaction costs, bounded rationality and opportunism 
  • Vertical integration, risk diversification, incentives, contracts and trust 
  • Resource-based theories and dynamic capabilities 
  • Behavioural economic theory 
  • Agent theory 
  • Actor/player- network theory 
  • Institutional theory 
  • Inter-organisational theory 
  • Economic organisation, ethical issues and social responsibility


Teaching and working methods

The following teaching methods are used. 

  • Lectures 
  • Problem solving 
  • Tutorial videos 
  • Case studies


Coursework requirements

  • Students must pass three out of four mandatory course requirements to be allowed to take the exam.  
  • 50% attendance in classes is required.



  • 48-hours individual home exam.


Examination support material

  • All resources.

Practical information


Students must be enrolled in a Master's degree within the field of Business Management, Economics or similar. 



On-campus housing is eligible for students applying for a full semester/academic year.

General information on accommodation at Campus Lillehammer

What does it cost?

Free for exchange students

Study start information

An Orientation Week is arranged in the first week of the fall semester. The first lectures of the course are expected to begin during the following week. 

Would you like to apply?

The course is available only for students coming from our partner institutions. Contact the International Coordinator at your home institution to find out if you are eligible for exchange studies at Inland Norway University of Applied Sciences (INN University). Please notice that applications can be submitted for one campus only.

Application procedure and documents

Any questions?