Economics of Strategy: Understanding Markets, Power, and Policy

The Economics of Strategy course, taught by Professor Ralf Boscheck, offers a rigorous exploration of the economic foundations behind strategic decision-making. A globally recognized scholar with extensive experience at institutions such as IMD and Harvard, Professor Boscheck is known for his ability to connect economic theory with real-world strategic challenges. His teaching combines analytical depth with a broad, international perspective on markets and policy.

The course introduces students to key economic principles, from supply and demand to institutional and transaction cost economics, and applies them to business strategy and public policy. Discussions move fluidly between theory and application, encouraging students to question assumptions and understand the broader systems shaping competitive environments.

A standout session takes place during discussions on the regulation of industry and technological advancement. Using the European Union’s Digital Markets Act as a focal point, students analyze how governments attempt to regulate dominant technology platforms. The conversation explores tensions between innovation and control, with students debating whether such regulation fosters fair competition or risks stifling growth.

By the end of the course, participants gain more than just an understanding of economics. They develop a framework for analyzing complex strategic environments, where business decisions intersect with policy, governance, and global uncertainty. This broader perspective is essential for navigating today’s rapidly evolving economic landscape.