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ECON 923 - The Economics of Organizational Design |
An examination of the optimal means of coordinating relationships between buyer and seller;
between employer and employee; and between the firm and lenders of capital and providers of
intermediate product. The three principal forms of organization ¿ the price system, relational
contracts, and ownership ¿ are examined and contrasted. Study focuses on the theory of transactioncost economics and rudimentary game theory. Topics include the principal-agent problem,the make or buy decision, adverse selection, corporate culture, and the tension between
self-interest and cooperation (formerly 12.962). Prerequisites: All MBA foundation courses or
the equivalent.
1.000 Credit hours 4.000 Lecture hours Levels: Graduate, Non-Matriculated Schedule Types: Independent/Directed Study, Lecture Accounting, Economics, Finance Department Restrictions: Must be enrolled in one of the following Majors: Biotechnology Operations Healthcare Mgmnt (MBA) Management |
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