Winter Term 2010 Economics of the Firm - 1893 - ECON 450 |
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Prerequisites/Notes: ECON 300 Catalog Description : Even in a “market” economy, the preponderance of economic activity is carried out through firms and other organizations. The course examines economic theories of the firm, and explores some of the canonical questions, such as why are their firms, how the separation of ownership and control of a firm shapes decision making, what determines the boundary between organizations and markets (e.g., make-or-buy decisions), what types of firms are most innovative, and how new technologies affect organizational structure. The central concepts are fleshed out by examining business firms, as well as not-for-profit enterprises, political parties, and government agencies. Attributes: GER Social Science Div, GER Quantitative Analysis, 400-599 Advanced Course
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