ECO 640 The Economics of Organizations
For graduate students only. The Economics of Organizations uses the business-related tenets of economics to generate a modern, consistent, formal framework for strategic decision-making. After introducing intermediate microeconomic theory, the course uses economic intuition to address cost issues ranging from outsourcing to the addition of new product lines, agency issues from explicit contract theory to the multi-task principle and team production, and imperfect competition issues ranging from Bertrand pricing to the measurement of market competition using Herfindahl indexes. The international dimension is integrated throughout the course in establishing the competitive organizational form for the firm given the market in which it competes.
Credits
4
Offered
fall and spring semesters