INTRODUCTION TO ECONOMICS
AND BUSINESS| SUMMARY
Part of BSc Business Administration Year 1,
at Radboud Universiteit Nijmegen
Hannah Salverda
2021
,INTRODUCTION
This document contains a summary of the prescribed literature and lectures for the course Introduction to
Economics and Business as taught at the Radboud University. I am currently a student following this
course, and I put in all my effort to write a good summary that will help you study for the exam or other
uses. All content is derived from the literature and lectures provided by Radboud University. Good luck
studying for your exam!
2
, TABLE OF CONTENTS
Introduction 4
Trades and exchange 5
Markets 7
The firm & global economy 9
Markets & information 12
Information & game theory 13
Transaction costs economics 15
Agency theory & corporate governance 18
Behavioural theory of the firm 20
Competitive & corporate strategy 20
Hybrid forms & evolutionary approaches to organizations 23
Mergers & acquisitions and FDI 26
3
AND BUSINESS| SUMMARY
Part of BSc Business Administration Year 1,
at Radboud Universiteit Nijmegen
Hannah Salverda
2021
,INTRODUCTION
This document contains a summary of the prescribed literature and lectures for the course Introduction to
Economics and Business as taught at the Radboud University. I am currently a student following this
course, and I put in all my effort to write a good summary that will help you study for the exam or other
uses. All content is derived from the literature and lectures provided by Radboud University. Good luck
studying for your exam!
2
, TABLE OF CONTENTS
Introduction 4
Trades and exchange 5
Markets 7
The firm & global economy 9
Markets & information 12
Information & game theory 13
Transaction costs economics 15
Agency theory & corporate governance 18
Behavioural theory of the firm 20
Competitive & corporate strategy 20
Hybrid forms & evolutionary approaches to organizations 23
Mergers & acquisitions and FDI 26
3
