Course

Contract Strategy (IND530)

The objective of the course is that students shall acquire fundamental knowledge of the design of incentives and contracts, for use in e.g. employment and procurement. Acquire multi-disciplinary insight in the contract design - from the perspectives of law and economics. Among the topics covered are contract strategy, price formats and incentive contracts, incomplete contracts and renegotiation, asymmetric information, optimal strategy for procurement. Procurement systems in the private and public sector. Lectures are based on case studies. No compulsory term paper.


Dette er emnebeskrivelsen for studieåret 2025-2026

Fakta

Emnekode

IND530

Vekting (stp)

10

Semester undervisningsstart

Spring

Undervisningsspråk

Norwegian

Antall semestre

1

Vurderingssemester

Spring

Timeplan

Vis timeplan

Litteratur

Søk etter pensumlitteratur i Leganto

Content

NB! This is an elective course and may be cancelled if fewer than 10 students are enrolled by August 20th for the autumn semester.

Contract strategies, price formats and incentive contracts. Incomplete contracts and renegotiation. Asymmetric information. Optimal procurement strategy. Procurement systems in the private and the public sector. Auction theory. Outsourcing. Contract principles are applied on cases.

Learning outcome

Knowledge

  • Contract strategies, price format and incentive contracts. Incomplete contracts and renegotiation. Asymmetric information. Optimal strategy for purchasing. Procurement systems in the private and public sector. Auction theory. Outsourcing. The contract principles are applied to cases, such as procurement in the private and public sector and the design of incentive contracts.

Skills

  • Tools for designing systems for incentives in different contexts
  • System design for complex purchases

General competence

  • A basic understanding of negotiations and incentives

Forkunnskapskrav

Ingen

Exam

Form of assessment Weight Duration Marks Aid
Written exam 1/1 4 Hours Letter grades None permitted


Digital exam on campus.

Fagperson(er)

Head of Department:

Tore Markeset

Course coordinator:

Petter Osmundsen

Method of work

Lectures in Norwegian.

Overlapping

Emne Reduksjon (SP)
Contract Strategy (IND530_2) , Contract Strategy (MIN130_1) 5
Contract Strategy (IND530_1) , Contract Strategy (IND530_2) , Contract Strategy (MIN130_1) 10
Contract Strategy (IND530_2) , Contract law (IND540_1) 5

Åpent for

Admission to Single Courses at the Faculty of Science and Technology
Industrial Economics - Master of Science Degree Programme Industrial Economics - Master of Science Degree Programme, Five Year Master of Science in Accounting and Auditing

Emneevaluering

There must be an early dialogue between the course supervisor, the student union representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital course evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.

Kontakt

Head of Department:

Tore Markeset

Course coordinator:

Petter Osmundsen

Tilbys av

Faculty of Science and Technology

Department of Safety, Economics and Planning

The course description is retrieved from FS (Felles studentsystem). Version 2