ECON 4010

Economics of Organizations

Course Description

Course information provided by the 2023-2024 Catalog.

Why do most economic activities happen within managed organizations (i.e., firms) and not in markets (i.e., purchased from others)? More fundamentally, what is a firm? This course provides an introduction to *organizational economics* that seeks to understand the nature and workings of organizations—a collection of different people with dispersed information, responsibilities and non-aligned interests. You will learn about the theories of the boundaries of the firm that help unravel the neoclassical economics' "blackbox" view of the firm and the theories on the provision of incentives that ultimately shape firms. While the class takes a predominantly theoretical approach, you will also learn how the theories are in conversation with empirical evidence.

Prerequisites/Corequisites Prerequisite: ECON 3030 and either ECON 3130 or ECON 3110.

Distribution Category (SBA-AS, SSC-AS)

When Offered Fall or Spring.

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