| 授業名 | Economics of Strategy |
|---|---|
| Course Title | Economics of Strategy |
| 担当教員 Instructor Name | Ralf Boscheck |
| 授業形態 Class Type | 講義 Regular course |
| 授業形式 Class Format | On Campus |
| 単位 Credits | 2 |
| 言語 Language | EN |
| 科目区分 Course Category | 応用科目200系 / Applied |
| 学位 Degree | MSc in Management |
| 開講情報 Terms / Location | 2026 GSM Nagoya Spring |
| コード Couse Code | GLP152_G26N |
授業の概要 Course Overview
Mission Statementとの関係性 / Connection to our Mission Statement
The course contributes to the development of the “frontier spirit” required for ethical
and effective leadership in Asia today and tomorrow.
and effective leadership in Asia today and tomorrow.
授業の目的（意義） / Importance of this course
The course equips students with a roadmap and an understanding of micro- and
macro-economic concepts necessary for evaluating business and policy options.
macro-economic concepts necessary for evaluating business and policy options.
学修到達目標 / Achievement Goal
Upon completing the course, students will be able to evaluate a variety of important
policy and strategy problems.
policy and strategy problems.
本授業の該当ラーニングゴール Learning Goals
*本学の教育ミッションを具現化する形で設定されています。
LG1 Critical Thinking
LG2 Diversity Awareness
LG3 Ethical Decision Making
LG4 Effective Communication
LG5 Executive Leadership (EMBA)
LG7 Global Perspective (GLP)
LG2 Diversity Awareness
LG3 Ethical Decision Making
LG4 Effective Communication
LG5 Executive Leadership (EMBA)
LG7 Global Perspective (GLP)
受講後得られる具体的スキルや知識 Learning Outcomes
SDGsとの関連性 Relevance to Sustainable Development Goals
Goal 3 すべての人に健康と福祉を（Good Health and Well-being）
教育手法 Teaching Method
| 教育手法 Teaching Method | % of Course Time | |
|---|---|---|
| インプット型 Traditional | 30 % | |
| 参加者中心型 Participant-Centered Learning | ケースメソッド Case Method | 50 % |
| フィールドメソッド Field Method | 20 % | 合計 Total | 100 % |
事前学修と事後学修の内容、レポート、課題に対するフィードバック方法 Pre- and Post-Course Learning, Report, Feedback methods
The course comprises a mix of class discussions, lectures, as well as brief individual and group assignments. No prior knowledge of economics is needed. Oral participation, a concise group project and two quizzes contribute 50%, 30% and 20% respectively of the final grade. Some sessions require upfront case preparation; a timely review of session handouts and review questions after class is necessary. An reader is put on reserve.
授業スケジュール Course Schedule
第1日（Day1）
a.m.: Life before Microsoft - presents a historical perspective on the evolution of administrative and economic systems and discusses concerns about the so-called crisis of capitalism and the limits of standard economic reasoning in dealing with these. This is followed by an overview of the course.p.m.: Markets, Strategies & Welfare - discusses and evaluates micro-economic principles of demand and supply to reason company strategies and their well welfare economic consequences.
●使用するケース
a.m.: Overview Comparative Economics: How do we compare economies?p.m.: Boscheck, R. (2008) Strategies, Markets & Governance, Cambridge University Press, Chapter 1, pp. 3-32.
Ghemawat, P. (2006) Creating Competitive Advantage, HBS case;
Crawford, V.P. (2016) New Directions for Modelling Strategic Behaviour: Game-Theoretic Models of Communication, Coordination, and Cooperation in Economic Relationship, Journal of Economic Perspectives, Vol. 30, No. 4, pp. 131-150;
Cooter, R. and Ulen, T. (1998) Law and Economics, 2nd edition, Chapter 2, pp. 9-54.
第2日（Day2）
a.m. The Economics of Cooperation & Distrust introduces the language of institutional and transaction-cost economics to discuss from company organization and JVs to issues of bureaucratic and regulatory governance.p.m.: The Regulation of Industry & Technological Advance discusses the need for authorities – legislators, regulators and managers – to stipulate efficient rules and illustrates resulting challenges by discussing recent regulatory developments in science-based industries and digital markets.
●使用するケース
a.m.: Rutherford, M. (2001) Institutional Economics: Then and Now, Journal of Economic Perspectives, Vol.15, Nr.3, pp. 173-194.p.m.: Boscheck, R. 2024 The EU’s Digital Market Act: Regulatory Reform, Relapse or Reversal? Intereconomics, 59(3), pp.154-9.
第3日（Day3）
a.m. Building Blocks of Country Analysis discusses key measures of nationaleconomic performance to derive a quadrant-model of a closed economy and illustrate supply-side and demand side options for changing income via labour market adjustments, changes in productivity, monetary and fiscal policy.
p.m. Economic Policy & Political Biases presents mainstream perspectives on obtaining typical policy objectives before focusing on the key political references of economic liberalism and republicanism in general and in the specific context of
assessing the causes, consequences, and options for tackling income inequality.
●使用するケース
a.m.: Caldwell, B. (2020) The Road to Serfdom after 75 years, Journal of Economic Literature 2020, 58(3), 720–748.p.m.: Policy Speech by Prime Minister ISHIBA Shigeru to the 217th Session of the Diet, January 24, 2025.
第4日（Day4）
a.m. Challenges Ahead – Country Perspectives discusses policy shifts and economic turnarounds across a range of historical, political and social contexts – from post-War reconstruction to authoritarian modernization. What is required to get “one’s house in order”, how can adjustment costs be managed – or shifted?p.m. Challenges Ahead – Global Outlook applies a real option approach to discuss calls for collective actions to manage issues ranging from renewable and non-renewable resources, sustainable energy supply to food security or affordable healthcare.
●使用するケース
a.m.: Boscheck, R. (2021) Covid-19 and the Political Economy of Shared Adjustment, Intereconomics, Vol. 56, No.5, pp. 278-283.p.m.: Ostrom, E. (2000) Collective Action and the Evolution of Social Norms, The Journal Economic Perspectives, 14, no. 3 (2000), pp. 137-58.
MarMenor – IMD Case
The Enigma of Rapanui – IMD Case
成績評価方法 Evaluation Criteria
*成績は下記該当項目を基に決定されます。
*クラス貢献度合計はコールドコールと授業内での挙手発言の合算値です。
*クラス貢献度合計はコールドコールと授業内での挙手発言の合算値です。
| 講師用内規準拠 Method of Assessment | Weights |
|---|---|
| コールドコール Cold Call | 10 % |
| 授業内での挙手発言 Class Contribution | 60 % |
| クラス貢献度合計 Class Contribution Total | 70 % |
| 予習レポート Preparation Report | 15 % |
| 小テスト Quizzes / Tests | 15 % |
| シミュレーション成績 Simulation | 0 % |
| ケース試験 Case Exam | 0 % |
| 最終レポート Final Report | 0 % |
| 期末試験 Final Exam | 0 % |
| 参加者による相互評価 Peer Assessment | 0 % |
| 合計 Total | 100 % |
評価の留意事項 Notes on Evaluation Criteria
教科書 Textbook
- 配布資料
参考文献・資料 Additional Readings and Resource
An electronic compilation of optional readings is put on reserve.
Suggested background reading may be identified during the sessions.
Suggested background reading may be identified during the sessions.
授業調査に対するコメント Comment on Course Evaluation
担当教員のプロフィール About the Instructor
Ralf Boscheck, B.A., CC Iowa, Econ.Philosophy, U. Marburg; M.A. Public Policy, Georgetown U.; MBA (Fin./OR/Econ.), KU Leven; PhD Economics, HSG St. Gallen; Postdoc Harvard University (Economics Department); Habilitation Law & Econ., HSG St. Gallen; Senior Consultant, Monitor Company, Cambridge, Mass. USA & London, UK.: Business Unit & Corporate Strategy & M&A; Country Competitiveness.
Since 1991, core faculty for strategy and economics in IMD’s public programs (MBA, EMBA, PED, MCR, MTE, BSPE, OWP) besides designing and facilitating in-company and strategy workshops for senior executives of corporate clients & public authorities. These include ABB, Allianz, Atkins, Aventis, Bayer*, Bayer Crop Science*, Bertelsmann, Boehringer Ingelheim*, Bonnier*, China Light & Power*, Chopard, Cisco, Clariant, Constantina*, de Mello*, Danisco*, Dupont, E.on*, Grundfos, Henkel*, Hoechst*, Holcim, Lactalis, Lundin*, Metso, Nestlé, Nestlé Health Science, Norske Shell*, Novartis Pharmaceuticals*, Novartis Emerging Markets*, Novo Nordisk*, Oracle*, Oman Electricity Authority, PwC*, Roche, Santander, Siemens*, Thames Water*, TXU Europe, Wilhelmsen*, Worley-Parsons. (*means responsibility for client acquisition or key account management). Faculty Advisor for IMD’s International Consulting Projects supporting Emerging Market NGOs.
2004-20 Lundin Family Chair of Economics & Strategy, IMD; 2014-18 Dean of IMD’s fulltime MBA program & Director of IMD’s International Consulting Projects; prior to that director of IMD’s two most senior open enrolment programs (MCR & BPSE); 2018-21 Full Professor and Decano Escuela de Negocios, Universidad Adolfo Ibañez, Santiago de Chile with continued limited teaching commitment at IMD, Lausanne. Editorial Boards.
（実務経験 Work experience）
Publications:
Books with Cambridge University Press, Palgrave Macmillan, Routledge Publishers, Difo Druck,
50+ cases & notes
50+ single-authored peer-reviewed academic journal articles
Non-refereed articles in Capital, Diario Financiero, Financial Times, Handelsblatt, Les Echos, L’Impresa, Management & Competitividad, MK-Commercio-Exterior, Neue Züricher Zeitung, Puls Bisnesu, PYMES, Der Standard, Süddeutsche Zeitung and Die Welt.
Some Examples:
2024 Reviewing State-Ownership, Bejing Law Review, Vol.15, No.2 June Issue, pp. 878-898.
2024 The EU’s Digital Market Act: Regulatory Reform, Relapse or Reversal? Intereconomics, 59(3), pp.154-9. A modified version was published as Europe’s Digital Market Act: Bold Reform or Stifling Regulation, in IbyIMD, https://www.imd.org/ibyimd/geopolitics/europes-digital-markets-act-bold-reform-or-stifling-regulation/
2021 Covid-19 and the Political Economy of Shared Adjustment, Intereconomics, Vol. 56, No.5,
September/October 2021, pp.278-283. A modified version was published as Economía política y ajuste conjunto en perspectiva europea, in Osorio, H., Soto G.Y. (eds.) Negocios en América Latina después del COVID-19, Rubicona;
2017 Pharmacy Benefit Managers: Fixing Healthcare Market Failures or Straining Regulatory
Logics? World Competition: Law & Economics Review, Vol.40, No.3, pp. 459-470.
Syntheses entitled Pharmacy Benefit Managers: Fixing Healthcare Market Failures or Straining Regulatory Control and Enforcement and Regulatory Responses to the Pharmacy Benefit Manager Debate were reproduced a.o. by biosimilardevelopment.com;
2016 Patent Trolls: In Search of Efficient Regulatory Standards, World Competition: Law & Economics Review, Vol. 39, No. 1, pp. 67-84. A synthesis entitled Keeping an eye on patent trolls was reproduced a.o. by IPWatchdog.com; IPCircuit.com and Global IP News.com;
2015 Intellectual Property Rights and the Evergreening of Pharmaceuticals, Intereconomics, Vol. 50, No.4, July/August 2015, pp. 221-226.
Refereed Articles
- (2024) Reviewing State Ownership? An Outsider’s View on Egypt’s New State Ownership Policy. Beijing Law Review 15(2): ISSN 2159-4635
- (2024) The EU’s Digital Market Act: Regulatory Reform, Relapse or Reversal?. Intereconomics: review of European economic policy 59(3): ISSN 0020-5346
- (2021) Covid-19 and the Political Economy of Shared Adjustment. Intereconomics: review of European economic policy 56(5): ISSN 0020-5346