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The Classical theory is the traditional theory. It is taught to the students of economics. As per the classical theory, more emphasis is placed on the organization than the employees working there. According to the theory, the organization is considered as a machine, and employees the part of that machine.
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Classical theory is mainly categorized into three streams
Bureaucracy Management Stream (Weber).
Scientific Management Stream(Taylor).
Administrative Management Stream(Fayol).
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There various universities all across the globe that offers courses in Economics. The list of universities is as follows:
The University of Nottingham in China, USA, UK
Georgetown University in Washington, USA
University of Groningen, Netherland
Franklin University, Switzerland
USI Università della Svizzera italiana, Switzeland
University of Bologna, Italy
The University of Texas at Dallas, USA
Leuphana University Luneburg, Germany
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