Economics of Entrepreneurship


Aims

  • After this course, students are able to name and explain the role and value of entrepreneurs in the context of our society as well as in the context of (emerging) industries.
  • After this course, students are able to identify, analyze and predict the behavior of entrepreneurs at the individual level and firm level using economic principles such as occupational choice theory, agency theory, risk assessments, theory of firm growth and market failures.

Information


The course attends to entrepreneurship from an economic perspective at different levels of analysis. Different topics are discussed in the context of emerging and dynamic industries. 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 factors underlying a shift towards an entrepreneurial economy.

Students are asked to complete an assignment.


Changes compared to previous years:

Compared to last year, the content of the course will be positioned in the context of dynamic industries. This has resulted among other changes into a lecture on Industry Dynamics at the cost of a lecture on Occupational Choice. Two assignments are merged into one assignment with feedback by peers on the draft.

Assessment

  • Assignments (25%)
  • Written (re-)examination with essay questions (75%)

Materials

Reader and lecture material (on Blackboard).

Additional info