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Syllabus on Economy of the firm 2015 - eng (1).doc
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Theme 1. Firm in the market economy

1. Firm as property complex and economic subject. Place and role of firm in economic system. Main signs of firm.

2. Classification of the enterprises for form of ownership, organizational and legal form, size, specialization and other signs.

3. Main functions of the enterprise.

4. Environment of the enterprise: structure and variable factors of the environment.

Tasks:

1. Discussion of the questions;

2. Work with the glossary;

3. Studying of legal acts of the Republic of Kazakhstan: The civil code of the Republic of Kazakhstan, Laws of Republic of Kazakhstan: "About private entrepreneurship", "About partnerships with the limited and accessorial liability", "About joint-stock companies".

4. Creation of structural and logical schemes:

- «The organizational - legal forms of the enterprise»

- «Three aspects of entrepreneurship: as economic category, as economic methods and as economic thinking type»

5. Essay writing on the theme: «Development of small and medium business in the Republic of Kazakhstan: achievements and barriers»

Form of activity: practical work, discussion, independent activity, research activity.

Methodical recommendations: Preparation for performance of tasks should be began with studying of recommended literature. To study essence of the enterprise, its task and function, to define the basic principles of functioning and types of the enterprises, to familiarize with concept of bankruptcy. Studying of a material should be accompanied by consideration of the Civil Code of Republic of Kazakhstan, Law of Republic of Kazakhstan «About bankruptcy».

Literature: 1-42.

Theme 2. Theories of firm: neoclassical and institutional

1. Concept of organizational structure of firm, stages of construction of system of horizontal and vertical division of labor.

2. Firm, branch and market. Competition and classification of market structures.

3. Parameters of behavior of firm. Types of behavior of firm in the market: competitive behavior, strategic behavior, the dominating behavior.

4. Main concepts of firm: neoclassical, neoinstitutional, strategic, enterprise, evolutionary.

Tasks:

1. Discussion of the questions;

2. Work with the glossary;

3. Creation of structural and logical table:

Neoclassical theory of firm

Institutional theory of firm

Form of activity: practical work, discussion, independent activity, research activity.

Methodical recommendations: Preparation for performance of tasks should be began with studying of recommended literature. To study essence of the theories of firm, its task and function, to define the basic principles of functioning this theories. Studying of a material should be accompanied by consideration of the national economy of Republic of Kazakhstan.

Literature: 1-42.

Theme 3. Transaction cost theory of firm

1. Concept of transaction. Essence and origin of transactional expenses. Transaction of management.

2. Types of transactional expenses.

3. Economy in the conditions of "friction".

4. Management of transactional expenses of firms.

Tasks:

1. Discussion of the questions;

2. Work with the glossary;

3. Questions for discussion:

- Name types of the economic organizations by contract system, market transaction and intra firm hierarchy.

- Name economic advantages of the concept of property of the general law assuming divisibility of the property right.

- How liquidity corresponds to transactional expenses?

4. Essay writing on this theme

Form of activity: practical work, discussion, independent activity, research activity.

Methodical recommendations: Preparation for performance of tasks should be began with studying of recommended literature. To study essence of the transaction cost theory of firm, its task and function, to define the basic principles of functioning this theories. Studying of a material should be accompanied by consideration of the national economy of Republic of Kazakhstan.

Literature: 1-42.