The course „Microeconomics of Competitiveness“ is regularly taught at Harvard Business School and Harvard John F. Kennedy School of Government. As part of the collaboration between Lauder Business School (LBS) and the Institute for Strategy and Competitiveness at Harvard Business School as an affiliate institution, Prof. Porter’s signature course is taught in LBS Master degree programs.
The course offers an in-depth view of the determinants of competitiveness and economic development from a bottom up, microeconomic perspective. While sound macroeconomic policies, stable legal and political systems and the accumulation of production factors affect the potential for competitiveness; wealth is actually created at the microeconomic level. The strategies of firms, the vitality of clusters, and the quality of the business environment in which competition takes place ultimately determine a nation’s or region’s productivity. The course covers both developing and advanced economies, and addresses competitiveness at the level of nations, states and cities within nations, clusters, and groups of neighboring countries. A major theme of the course is that competitiveness and economic development is influenced by policies at all these levels.
The course structure and materials are almost exactly the same as those being used by Prof. Porter for his courses at Harvard Business School, only adapted to suit the number of hours, structure and schedule of classes at LBS.