Week 3: Individual Firm Level Effects
Philip Nichols
This module was designed to help you explore the ethics behind corruption through external and internal relationships. You'll learn about the time and monetary costs of corruption, perspectives on the benefits of bribery, and the characteristics of a strong ethical climate. You'll also learn how to identify indirect costs of corruption, including those that are easy to predict, like fines and settlements, and those which are harder to quantify, such as effects on an individual's reputation. At the end of this module, you'll be able to define corruption as part of a relationship, outline the costs of corruption on those relationships, and categorize the sanctions, both predictable and unpredictable, imposed on corrupt entities.
Key Concepts
Evaluate the relationship between corruption and ethics
Explain the costs of corruption
Differentiate between indirect and direct costs of corruption
3.1 Time and Money (9 mins)
3.2 Relationships (10 mins)
3.3 Indirect Costs (16 mins)
3.4 Sanctions (18 mins)
Quiz:
Week 3: Costs of Corruption (10 Questions)