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Academic Year 2001/2002
The Economics of Organization
ECON 220 SP
Why do business firms or other organizations exist? Why do organizations undertake some activities internally and why do they contract other activities out to markets? Since Nobel Luareate Ronald Coase asked these
questions in 1937, economists have put
forward a variety of answers. This course examines some of these, including monitoring and measurement costs, moral hazard, asset specificity, and economic capabilities. The course will pay special attention to
non-profit organizations and to the
organization of networks of professionals (like doctors and lawyers).
MAJOR READINGS
Louis Putterman and Randall Kroszner, eds., THE ECONOMIC NATURE OF THE FIRM: A READER, New York: Cambridge University Press, second edition, paperback, 1996.
Journal articles to be announced, including many available
on the web.
EXAMINATIONS AND ASSIGNMENTS
One in-class mid-semester exam and a final exam.
Two assignments: Students will work in teams of two or three (depending on enrollment) to lead an in-class discussion from the readings in a professional seminar
format. After the discussion, the
same team will write a 3-5 page summary of the material and the questions that were raised in class.
Industry study/term paper: Students will each choose and industry, organization or profession -- current or
historical -- and anlayze it using the
concepts that we will learn during the semester.
Unless preregistered students attend the first class meeting or communicate directly with the instructor prior to the first class, they will be dropped from the class list. NOTE: Students must still submit a completed
Drop/Add form to the Registrar's
Office.
The instructor of this course will not be using the on-line wait list. If you are interested in this course, please contact the instructor directly.
COURSE FORMAT:
Lecture/Discussion
REGISTRATION INFORMATION
Level:
UGRD
Credit:
1
Gen Ed Area Dept:
SBS ECON
Grading Mode:
Student Option
Prerequisites:
(ECON111 AND ECON112) OR ECON105 OR ECON112
SECTION 01
- Instructor(s): Savage,Deborah A.
- Times: ..T.R.. 02:40PM-04:00PM; Location: PAC104
- Reserved Seats: (Total Limit: 35)
- SR. major: 10 Jr. major: 10
- SR. non-major: Jr. non-major: 5 SO: 10 FR:
Special Attributes:
- Curricular Renewal: Quantitative Reasoning, Focused Inquiry Course
Links to Web Resources For This Course.
Last Updated on MAR-19-2002
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Copyright Wesleyan University, Middletown, Connecticut, 06459