Ethics and Corruption

Undergraduate Program Status

Course Level: 
Course Open to: 
Students on-site
Academic Year: 
US Credits: 
ECTS Credits: 
Course Description: 


The course introduces the topic of corruption by looking at two aspects: the institutional and the policy dimensions. Recent growing magnitude of scandals around the world and even in countries “traditionally” not affected by this phenomenon show that its increasing complexity calls for a more nuanced and holistic approach to the study of corruption and anti-corruption. This course analyzes the institutional (market and society) aspects of the phenomenon together with a deep analyses of some of the most relevant economic polices taking the steps from the benefits and lost opportunities.


The course is relevant to students of economic policy in general, and in particular those interested in global market aspects that render corruption a complex topic and phenomenon.

Reading list Velasquez, M. G. Business Ethics. Concepts and Cases (7th Edition) 2012. London: Pearson, chapters 1-2.

Learning Outcomes: 

Key outcomes

By the end of the course, students will be able to

• Identify practices and transactions that lead to corruption.

• Critically engage with some of the most relevant policies in anti-corruption

• Analyze some of the main institutional patterns that lead to widespread corruption

• Tackle corruption from a market institutional perspective

• Identify cultural aspects of corruption in economics.

Learning outcomes

Interpersonal Communication Skills

Students will be required to explain and interpret their viewpoints in a critical personal and small group environment.

Technology Skills

Students will hone their skills in making professional oral presentations

Cultural Sensitivity and Diversity

Students will have increased understanding and acceptance of ethical and integrity- related standpoints in ethical decision-making processes.

Quantitative Reasoning

In addition to qualitative case analyses, quantitative tools will be introduced to analyze market and policy data.

Critical Thinking

Students will be encouraged to question the applicability of theoretical models in particular with reference to ethical dilemmas, personal and organizational integrity questions.

Ethics and Responsibility

Students will be motivated to consider the ethical limitations of management in particular when dealing with lack of integrity or risk of corruption.

Management Knowledge and Skills

The course will develop a number of strategic leadership and management models by referring to integrity and ethical practices.


Active Course Participation (25%)

The course focuses on the development ofsocio-culturalsensitivity to management. In orderto pursue this goal all topics will be first introduced with relevantstate-of-the-art concepts and, afterwards, by applying such thinking to case studies and examples based on field research in both emerging and advanced markets.

Criteria for assessing course participation

1) During the course only one absence per student is allowed provided that certification or adequate explanation is given with 24 hours’ notice tothe instructor. Two absences will lead to Academic Failure(AF).

2) Students’ participation will be evaluated on the basis of their active involvement in class discussion, communication strength, ability to engage with, summarize and analyze the topics being discussed.

Policy paper development 75% , details to be discussed in class.

Grading will be based on the total score out of 100, in line with CEU’s standard grading guidelines.