Undergraduate Course: Economics of Self-Management (ECNM10007)

Course Outline
School	School of Economics	College	College of Humanities and Social Science
Credit level (Normal year taken)	SCQF Level 10 (Year 3 Undergraduate)	Availability	Available to all students
SCQF Credits	20	ECTS Credits	10
Summary	Most Western societies are proud of being political democracies, but democracy rarely operates within the firm. Governments can be criticised freely and are answerable to those they seek to govern. By contrast, managers are not, in general, answerable to those they seek to manage, and the mildest criticism can be dangerous. The central question of this course is 'what would happen if workers ran their own firms?' Would self-managed (i.e. worker-managed) firms take the same decisions as their capitalist counterparts? Could such an economy be efficient? As well as these issues, the course covers related topics such as profit-sharing, codetermination and wage-earners' investment funds. The approach is partly theoretical, but also covers empirical studies of British, Italian, Spanish, Scandinavian and Yugoslav firms. Topics covered include: comparative theory of capitalist and self-managed firms; general equilibrium of the self-managed economy; monitoring and the labour-process; workers' cooperatives under capitalism; industrial democracy, codetermination and worker-directors; the effect of worker participation on wage-bargaining and productivity; financial participation, profit-sharing and share-ownership schemes; collective ownership, wage-earners' investment funds.
Course description	Not entered

Entry Requirements (not applicable to Visiting Students)
Pre-requisites	Students MUST have passed: Economics 2 (ECNM08006)	Co-requisites
Prohibited Combinations		Other requirements	None
Additional Costs	None

Information for Visiting Students
Pre-requisites	Visiting students should usually have at least 3 Economics courses at grade B or above (or be predicted to obtain this) for entry to this course. This MUST INCLUDE courses in both Macroeconomics and Microeconomics. We will only consider University/College level courses.

Course Delivery Information

Academic year 2015/16, Available to all students (SV1)		Quota: None
Course Start	Semester 1
Timetable	Timetable
Learning and Teaching activities (Further Info)	Total Hours: 200 ( Lecture Hours 18, Summative Assessment Hours 4, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 174 )
Assessment (Further Info)	Written Exam 90 %, Coursework 10 %, Practical Exam 0 %
Additional Information (Assessment)	A 2hr degree examination in April/May (70%), a teamwork project (10%) and a class exam in December (20%). Assessment for Semester 1 Visiting Students An alternative assessment in place of the degree exam (to be confirmed) (70%), a teamwork project (10%) and a class exam in December (20%).
Feedback	Not entered
Exam Information
Exam Diet	Paper Name		Hours & Minutes
Main Exam Diet S2 (April/May)			2:00
Main Exam Diet S1 (December)			1:00

Academic year 2015/16, Part-year visiting students only (VV1)		Quota: None
Course Start	Semester 1
Timetable	Timetable
Learning and Teaching activities (Further Info)	Total Hours: 200 ( Lecture Hours 18, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 176 )
Assessment (Further Info)	Written Exam 20 %, Coursework 80 %, Practical Exam 0 %
Additional Information (Assessment)	A 2hr degree examination in April/May (70%), a teamwork project (10%) and a class exam in December (20%). Assessment for Semester 1 Visiting Students An alternative assessment in place of the degree exam (to be confirmed) (70%), a teamwork project (10%) and a class exam in December (20%).
Feedback	Not entered
Exam Information
Exam Diet	Paper Name		Hours & Minutes
Main Exam Diet S1 (December)			1:00

Learning Outcomes
After successful completion of this course students should have developed their general skills of critical analysis and assessment; obtaining and processing information from a variety of sources; presentation and communication skills; interpersonal and groups skills; independent action and initiative; managing tasks and time.