A PRiME perspective on economics curriculum design

Shabab, C Rashaad (2020) A PRiME perspective on economics curriculum design. University of Sussex Business School: Responsible Management Education, 2. p. 38.

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Abstract

The United Nations’ Principles of Responsible Management Education initiative aspires to transform the relationship between business and society by ensuring that the next generation of business leaders are shaped by management education that conceptualises businesses as generators of sustainable value. Simplistic economic models overemphasize the role of narrow profit maximization on the part of firms in generating broader economic wellbeing. More nuanced views of the relationships between firms and the societies in which they operate, such as those that allow for market power in product and labour markets, for the presence of externalities in the production of goods and services, for a role of the state in the provision of public goods, and for the existence of market failures more generally, offer profoundly different advice to aspiring practitioners of responsible management. This article proposes an introductory economics curriculum for management students that gives due emphasis to these more nuanced perspectives and thus equips aspiring business leaders with the skills they will need to build profitable enterprises that also fulfil the objective of generating sustainable value as envisioned by the Principles of Responsible Management Education.

Item Type: Article
Additional Information: See link to access the latest version
Keywords: Economics education, Introductory economics, Responsible management, management training
Schools and Departments: University of Sussex Business School > Economics
Related URLs:
SWORD Depositor: Mx Elements Account
Depositing User: Mx Elements Account
Date Deposited: 12 Jun 2020 07:45
Last Modified: 12 Aug 2021 11:15
URI: http://sro.sussex.ac.uk/id/eprint/91849

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