Institutional economics

Institutional economics focuses on understanding the role of the evolutionary process and the role of institutions in shaping economic behavior. Its original focus lay in Thorstein Veblen's instinct-oriented dichotomy between technology on the one side and the "ceremonial" sphere of society on the other. Its name and core elements trace back to a 1919 American Economic Review article by Walton H. Hamilton. Institutional economics emphasizes a broader study of institutions and views markets as a result of the complex interaction of these various institutions (e.g. individuals, firms, states, social norms). The earlier tradition continues today as a leading heterodox approach to economics. "Traditional" institutionalism rejects the reduction of institutions to simply tastes, technology, and nature (see naturalistic fallacy). Tastes, along with expectations of the future, habits, and motivations, not only determine the nature of institutions but are limited and shaped by them. If people

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EPFL and TU Delft2009

An Institutional Personal Learning Environment Enabler

Denis Gillet, Laurent Moccozet

In this paper, we first discuss the concept of Personal Learning Environment (PLE) with respect to higher- education institutions and Virtual Learning Environments (VLEs). This discussion rapidly confronts us to the place of the PLE and self-directed learning and/or training inside the institution. We therefore introduce the concept of institutional PLE enabler, which is expected to stimulate students to create and use their own resources and institutional resources and share them with peers during formal and informal learning activities. Next, we describe a proposal for a federated design and implementation of the PLE enabler across multiple institutions.

2012

Towards a more comprehensive analysis of public governance: Deriving legitimacy, efficiency and effectiveness

Eva Lieberherr

In the context of transformation in the governance of public service sectors, performance criteria have mainly focused on efficiency and effectiveness. However, relying on such output oriented performance criteria in public service sectors may lead to inequalities in service provision and a fragmented polity. Moreover, legitimacy is becoming a central concern in the governance of public service sectors due to the increasing involvement of private actors. This paper proposes to add legitimacy to efficiency and effectiveness and to use these as three criteria for analyzing the performance of governance in a public service sector. This paper elaborates the analytic foundations of these three criteria via two theories: governance theory and new institutional economics. The aim is to create an analytical framework through which governance performance in public service sectors can be evaluated in terms of legitimacy, efficiency and effectiveness.

Cambridge University Press

MGT-641(b): Technology and Public Policy - (b) Technology, policy and regulation

The course offers an introduction to technology policy and regulation with a particular focus on the infrastructures. In these infrastructures technology policy and regulation basically translates into sectoral (e.g., energy, transport, water) and cross-sectoral approaches (information society).

FIN-522: Venture capital

The course applies finance tools and concepts to the world of venture capital and financing of projects in high-growth industries. Students are introduced to all institutional aspects of the venture capital industry. Students analyze various aspects of VC finance using an investors' perspective.

MGT-481: Financial & managerial accounting

The aims of the course are to explain how information helps investors to analyze the financial profile of a company, and to provide analytical tools for assisting managers in evaluating various decisions within economic organizations. Summary (fr)? Content? The main financial statements Basic acc

Economics

Economics (ˌɛkəˈnɒmᵻks,_ˌiːkə-) is a social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of econom

Political economy

Political economy is a branch of political science and economics studying economic systems (e.g. markets and national economies) and their governance by political systems (e.g. law, institutions, an

Neoclassical economics

Neoclassical economics is an approach to economics in which the production, consumption, and valuation (pricing) of goods and services are observed as driven by the supply and demand model. According