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Integrating Concepts of New Institutional Economics in an Accounting Course: A Case Study

Author

Listed:
  • Egbert, Henrik
  • Stancheva-Todorova, Eleonora

Abstract

This paper explores how economic theory can improve international business education. It focuses on teaching international accounting. The approach uses key ideas from New Institutional Economics (NIE). Students learn concepts such as asymmetric information, principal–agent relationships, and transaction costs. A low-cost online lecture introduces these ideas. A case study on creative accounting shows how institutions shape accounting practices. The method broadens students’ perspectives and strengthens decision-making skills. It also prepares them for global careers. Evidence from an undergraduate module shows strong learning outcomes. The paper offers a practical model for integrating economic theory into international accounting education.

Suggested Citation

  • Egbert, Henrik & Stancheva-Todorova, Eleonora, 2026. "Integrating Concepts of New Institutional Economics in an Accounting Course: A Case Study," MPRA Paper 128366, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:128366
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    References listed on IDEAS

    as
    1. Margaret Healy & Maeve McCutcheon, 2010. "Teaching with Case Studies: An Empirical Investigation of Accounting Lecturers' Experiences," Accounting Education, Taylor & Francis Journals, vol. 19(6), pages 555-567.
    2. Jensen, Michael C. & Meckling, William H., 2008. "Theory of the firm: managerial behavior, agency costs and ownership structure," RAE - Revista de Administração de Empresas, FGV-EAESP Escola de Administração de Empresas de São Paulo (Brazil), vol. 48(2), April.
    3. Henrik Egbert & Vanessa Mertins, 2010. "Experiential Learning with Experiments," International Review of Economic Education, Economics Network, University of Bristol, vol. 9(2), pages 59-66.
    4. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
    5. Peter Wysocki, 2011. "New institutional accounting and IFRS," Accounting and Business Research, Taylor & Francis Journals, vol. 41(3), pages 309-328, August.
    6. Marta Silva Guerreiro & Lúcia Lima Rodrigues & Russell Craig, 2015. "Institutional Change of Accounting Systems: The Adoption of a Regime of Adapted International Financial Reporting Standards," European Accounting Review, Taylor & Francis Journals, vol. 24(2), pages 379-409, June.
    7. Carruthers, Bruce G., 1995. "Accounting, ambiguity, and the new institutionalism," Accounting, Organizations and Society, Elsevier, vol. 20(4), pages 313-328, May.
    8. John Cullen & Sue Richardson & Rona O'Brien, 2004. "Exploring the teaching potential of empirically-based case studies," Accounting Education, Taylor & Francis Journals, vol. 13(2), pages 251-266.
    9. Alan Graham, 2012. "The Teaching of Ethics in Undergraduate Accounting Programmes: The Students' Perspective," Accounting Education, Taylor & Francis Journals, vol. 21(6), pages 599-613, December.
    10. Dzuranin, Ann C. & Jones, Janet R. & Olvera, Renee M., 2018. "Infusing data analytics into the accounting curriculum: A framework and insights from faculty," Journal of Accounting Education, Elsevier, vol. 43(C), pages 24-39.
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    Keywords

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    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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