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Exploring Organizational Economics Theories

Exploring Organizational Economics Theories

The session discusses modern structural theories in management, exemplified by Mintzberg’s model, followed by an introduction to organizational economics theories. It explains how economic principles, such as the classical price theory, are applied to management, acknowledging the absence of perfect markets in reality.

Key organizational economics theories like agency theory, contract theory, transaction cost theory, and game theory are outlined, emphasizing their significance in understanding organizational management.

Have you ever played a game where you had to make decisions to win? How do you think games can teach us about making decisions in real life, like in businesses or teams?

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Introduction to Healthcare Management: Organisational Insights

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