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Original Articles

The Role of Economics in the Management Curriculum

An Analysis for the Transition Economies

Pages 5-21 | Published online: 12 Oct 2008
 

Abstract

The economic transition in the Central and Eastern European Countries provides a unique opportunity to observe the evolution of economies from planned systems to more market-oriented and decentralized systems. Aside from the bounty of economic policy issues raised by such a transition, a more fundamental adjustment involves the design of education for the future managers in these economies and, in particular, the role of economics-a subject at the core of the transition-in the management curriculum. Using the MBA curriculum as its focus, this paper discusses both the rationale for including economics in the program for various curric-ular models and the particular relevance of the subject to management students in the transition environment.

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