Economic Sociology (B-KUL-HBA15A)

3 ECTSEnglish26 Second term
Adriaenssens Stef (coordinator) |  Adriaenssens Stef |  Soare Teodora (cooperator)
OC Business Administration FEB Campus Brussel

The course aims at contributing to the following learning results:

The student...

  • Analyses the environment in which an organisation is active and estimates the influence of environmental factors on the functioning of the organization (1.a)
  • Has a functional multidisciplinary knowledge to identify social phenomena and to reflect on them, also from a philosophical-ethical perspective, and link them with the corporate and market reality in a reasoned way (4.a)
  • Explains current (business) economic facts and events according to their historical development (4.b)
  • Analyses the functioning of organisations and markets in relation to society and its actors (4.c)
  • Takes into consideration alternative explanations and methods when analysing and solving a (business) economic problem with practical relevance (8.b)
  • Shows interest in current affairs and broadens his background knowledge (8.g)
  • Estimates the impact of business operations on various stakeholders and society (12.a)
  • Connects the psycho-social and ethical insights with the (business) economic reality in a reasoned way (12.b)
  • Reflects on business and economic thinking and behaviour from a social and ethical point of view (12.c)

 

More information

Economics provide a distinctive perspective on socio-economic phenomena. However, the economic approach is not the only one to describe, conceptualize and theorize social facts and events. Also other disciplines offer valuable insights. The quality of the student’s training is among others determined by his or her knowledge of alternative perspectives and the ability to use them to explain socio-economic events. The 'sociological perspective' is one of them. The starting point of the lectures is the idea that sociology in general and economic sociology in particular contribute to a better understanding of socio-economic phenomena and problems.

In addition, the course also aims at increasing the student’s knowledge of society as a whole. Sociological approaches build on the idea that other, non-economic aspects of society (culture, politics, …) are relevant to the economy and that, conversely, the economy influences many other social phenomena. In addition, sociologists generally assume that economic phenomena such as consumption, work and market operations are (also) shaped and by cultural and structural characteristics of individuals, groups and society.

After successfully completing this course, students will be able to:

At the base level:

  • Define basic concepts in Sociology (4a, 4c)
  • Identify and the sociological approach and be able to compare it with the economic approach (4a, 4b, 8a, 8b)
  • Explain why economy is determined by a multitude of social phenomena (1a, 4a,12c, 12b)
  • Explain why the economy is an important causal factor of a multitude of social phenomena (1a, 4a, 4c, 12a, 12b)

At an advanced level:

Major aspects of theories, approaches, fact and events

  • are concisely but accessibly summarized
  • are compared and weighed against one another

At the level of excellence:

  • the subject matter is connected to contemporary facts, events, or analyses
  • theories and concepts are applied in an analysis of (current affairs) social or socio-economic problems

The admission criteria for the programme can be found in the programme catalogue.

If you want to follow this course, it is advisable to acquire basic knowledge of microeconomics beforehand.

This course is identical to the following courses:
HBH18A : Economische sociologie
HLH07A : Economische sociologie (No longer offered this academic year)
Y00935 : Economische sociologie

Activities

3 ects. Economic Sociology (B-KUL-HBA15a)

3 ECTSEnglishFormat: Lecture26 Second term
Adriaenssens Stef |  Soare Teodora (cooperator)
OC Business Administration FEB Campus Brussel

‘Economic Sociology’ introduces theories of social order and social action related to economic phenomena. This course builds on the basics of economics the student learnt earlier. The course can also be understood as a reflection on the achievements and blind spots of the discipline of economics. The course also illustrates how good economic analyses can benefit from other social and behavioural sciences, e.g. (economic) sociology, and also by anthropology, criminology, historiography and political science.

The course starts with an introduction into central concepts of general sociology, and then focuses on the sociology of economic life. We discuss the central principles and contributions of economic sociology with the help of discussions about different fields of investigation, ranging from aspects of the interference of the state in the economy (taxation, welfare states,...) over social and moral norms to discussions about the emergence and change of market life, and their differences between polities, regions and eras. 

 The lecturer explains the central subject matter during the classes, and reads possibilities and difficulties of interpretation, illustrations and applications. Students are given the opportunity to discuss elements of the subject matter during the classes.

Evaluation

Evaluation: Economic Sociology (B-KUL-H70005)

Type : Exam during the examination period
Description of evaluation : Written
Type of questions : Multiple choice, Open questions, Closed questions
Learning material : None


Features of the evaluation

The exam is written. It consists of three parts:

1. Multiple-choice questions

The multiple choice questions cover knowledge, the capacity to reproduce the subject matter, as well as the ability to make cross-connections and to apply the subject matter to real cases. The result of the multiple choice questions is subject to a correction for guessing (the so-called “retrospective correction for guessing”-approach) which is neutral for risk aversion. Further details about the grading of multiple choice questions are provided during the lectures and on the Toledo page.

2. An open question

A concise exposition of a part of the course. This part requires a synthesizing ability, and the ability to distinguish between core and secondary issues. This part will only be accounted for if the student passes a threshold for part 1.

3. Excellence questions

This part asks for a short essay in which the student shows s/he can apply the subject matter to a contemporary problem that is discussed in a given text. This part is only corrected if the student obtained at least 12/20 on parts 1 and 2.

 

Determination of final grades

The final result follows from the following principles:

1. If the threshold on the part on the base level is not met, the score of the exam equals the score on this part.

2. In exams that acquire the threshold at the base level, part 2 is weighted at 40% of the final score. The end score can nevertheless not fall under a tolerable mark (as discussed in articles 81 bis en 91 bis of the education and examinations regulations).

3. Part 3 (level of excellence) is a bonus question and can only give rise to a higher or an equal end score.

 

The result is calculated and expressed as an integer out of 20.

The evaluation characteristics and determination of the final result of the second examination are identical to those of the first exam as described above.