2. Management and Society

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BUSM4185 Introduction to Management Week 2 Management and Society Part 1 Introduction CLASS OBJECTIVES ã Develop an understanding of the term political economy. ã Recognise how this has changed over time. ã Be able to describe the different theories of 3 main contributors to the field of political economy. ã Understand the difference in these three points of view. ã Apply these theories to the Vietnam context. RMIT International University Vietnam 2 Textbook This topic does not correspond
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  BUSM4185Introduction to ManagementWeek 2Management and SocietyPart 1  Introduction CLASS OBJECTIVES ã Develop an understanding of the term political economy. ã Recognise how this has changed over time. ã Be able to describe the different theories of 3 main contributors tothe field of political economy. ã Understand the difference in these three points of view. ã Apply these theories to the Vietnam context. RMIT International University Vietnam2  Textbook RMIT International University Vietnam3 This topic does not correspond with anychapter in the text book.  Political Economy Why are some countries richer than others?Political Economyrefers to policy issues arising in thearea where politics meets economics. It has aparticular focus on improving economic performance.  As such we don’t just ask “Why?” but instead we needto ask “What do we need to do?” regarding financial crises, unemployment, rising inflation, and othereconomic issues. RMIT International University Vietnam4
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