Global Economics and Management

Prerequisite: Course 405
Economist’s approach to organization and competitive interaction. Topics include game theory, threat credibility, incentive contracts, information advantages, and entry deterrence.

Examination of one approach to analytical thinking — forcing numerical and textual data into carefully formulated alternative models. Data studied include macroeconomic variables (growth, inflation, unemployment, interest rates, and exchange rates), industry data, and firm data.

Development of standard topics in applied econometric modeling. Emphasis on assumptions underlying classical normal linear regression model, special problems in application, and interpretation of results. Practical applications extensively developed in student projects.

Prerequisite: Course 405
Reasons for government intervention in theory and practice. Effect of regulation on business. How regulation and deregulation occur. Areas include public utilities, banking, pollution, and the political process.

Prerequisites: Courses 402 and 405
Development and analysis of strategies to maximize value in competitive and cooperative situations. Problems include competitive bidding, tacit collusion, and strategies in repeated settings.

Prerequisite: Course 203A
Optimal decision and information rules. Amount, cost, and value of information. Risk aversion, stochastic dominance, and their impact on economic decisions in a stochastic environment.

Prerequisites: Courses 405 and 406
International business environment, international economic institutions, national and regional trade policies and developments, trends in foreign markets, and international monetary problems, studied for their influence on organization and operation of the international corporation.

Prerequisite: Course 201A
Comparative study of public policies toward competition, market structures, and competitive practices in key industries in selected countries.

Prerequisite: Course 201A
Forecasting changes in business activity, population, industrial structure, productivity, Gross Domestic Product and its components for selected countries. S/U or letter grading.

Prerequisite: Course 405
Examination of behavior of managers in profit vs. not-for-profit sectors to determine critical variables that explain observed differences in behavior. Use of methodology of microeconomics, particularly utility maximization.

Prerequisites: Courses 405 and 406
Sources and uses of federal, state, and local revenues and their impact on public and private resource allocation. Examination of proper roles of government and private sector resource allocation. Examination of proper roles of government and private sector in financing and provision of public goods and services.

Prerequisite: Consent of instructor
Special topics in business economics. Current developments in theory or practice in business economics.

Identification, analysis and resolution of managerial issues of policy and action within context of a multinational corporation, with emphasis on problems of adaptation to different sociological, cultural, legal, political, and economic environmental characteristics on planning, structuring of organizational relationships, and coordinate and control in multinational firms.

Comparative study of practice of management in selected foreign countries, as affected by their social environments and development of management theory.

Analysis of market-oriented reform process currently underway in the emerging economies of Latin America, Eastern Europe and Asia. Exploration of issues related to privatization, economic growth, inflation and stabilization, interest rate behavior, exchange rates, global competitiveness, unemployment, political and economic risk, and the opening to international trade.

In-depth examination of problems or issues of current concern in management, with numerous topics offered each year. Courses are open to MBA and PhD students. In Spring 2008, Social Entrepreneurship (Mgmt 298D-10) taught by Jonathan Greenblatt will be offered.

Prerequisite: graduate standing
Analysis of consumer, producer. And market behavior. Market structure, pricing, and resource allocation. Applications to managerial strategy and public policy, with emphasis on competition, market power, and externalities.

Prerequisites: Courses 402, 403, 405
Provides analytical framework required for understanding the way changing macroeconomic conditions in world economy affect economic growth, inflation, interest rates behavior, exchange rate determination, global competitiveness, unemployment, and the trade account. Provides skills to enable students to assess critically how developments in world economy affect particular industry environments.