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Framingham State University

 

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Summer 2012
Apr 19, 2014
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Information Select the Course Number to get further detail on the course. Select the desired Schedule Type to find available classes for the course.

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

Economics & Business Admin Department


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