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

Egbert, Henrik and Stancheva-Todorova, Eleonora (2026): Integrating Concepts of New Institutional Economics in an Accounting Course: A Case Study. Forthcoming in: Business Management and Strategy , Vol. 17, No. 2 (1 December 2026)

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: teaching international accounting; case study methods; blended learning; international accounting and New Institutional Economics; integrated approach; creative accounting
• Subjects: A - General Economics and Teaching > A1 - General Economics > A12 - Relation of Economics to Other Disciplines; A - General Economics and Teaching > A2 - Economic Education and Teaching of Economics > A22 - Undergraduate; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches > B52 - Institutional ; Evolutionary; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing > M41 - Accounting

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