| Winter Term 2017 Economics of the Firm - 1485 - ECON 450 |
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Prerequisites/Notes: ECON 300 or GOVT 271 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 there 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. PREREQUISITES: ECON 300 or GOVT 271 Attributes: GER Social Science Div, GER Quantitative Analysis, 400-599 Advanced Course
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