Economics of Entrepreneurship
Aims
The course of Economics of Entrepreneurship is concerned with economic explanations of the role and behavior of entrepreneurs in the modern economy. While this is not a "how-to" guide for aspiring entrepreneurs, it develops an analytical perspective from which the causes and consequences of entrepreneurship may be evaluated objectively. In particular, after this course students are able to:
- explain how entrepreneurship affects the economy and society in terms of output and functions;
- explain which determinants affect entrepreneurial behavior and relate these insights to risk attitude, occupational choice theory, asymmetric information, market failure and principle agent theory
Information
The course attends to entrepreneurship at different levels of analysis and emphasizes an economic perspective as opposed to a business, psychological or sociological perspective. On the individual level, attention is paid to private motives and necessary means to become an entrepreneur. At the firm level the course is concerned with entrepreneurial finance, growth and sustainability. At the aggregate level topics are being discussed such as public policies and factors underlying a shift towards an entrepreneurial economy. Students are asked to complete an assignment.
Assessment
- Assignments (25%)
- Written (re-)examination with essay questions (75%)
Materials
Reader and lecture material (on Blackboard).
