|Winter Term 2017 Economics of the Firm - 1485 - ECON 450
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.
Attributes: Social Science Div GER (01cr), Quantitative Analy GER (01cr), BM Social Science (01cr), Advanced Course