In this module, you'll explore the extensive effects of corruption, including its economic, social and psychological costs. You'll learn how corruption leads to the informal creation of parallel institutions, such as loansharking and black markets, and see the role decision makers play in enabling the spread of corruption. You'll also learn how trust is jeopardized, and how this loss of trust inhibits economic and social development. You'll examine the social costs of corruption, including decreases in the quality of infrastructure and in environmental quality, increases in terrorism and infant mortality, and other threats to human security. At the end of this module, you'll be able to outline the comprehensive effects of corruption so that you can determine strategies for addressing them.

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.

In this module, you will learn the main theories about control of corruption. You'll explore whether or not corruption can be controlled. Then, you'll examine the different ways corruption can be controlled: firms, industries, and polities (organized societies). You'll learn about assurance problems, platforms for exchange, and certification programs as some methods of control. You'll look at the steps organized societies have taken to control corruption, including the example of a country that used to have the cleanest government in the world. By the end of this course, you will be able to apply the principles you’ve learned by assessing the work of your peers in a Peer Review assignment. You'll create a Corruption Analysis in which you identify and analyze a real life incident of corruption that has occurred anywhere in the world over the past 12-18 months.