printer friendly pageMGTECON 200: Managerial Economics
This course covers microeconomic concepts relevant to managerial decision making. Topics include: demand and supply analysis; consumer demand theory; production theory; price discrimination; perfect competition; partial equilibrium welfare analysis; externalities and public goods; risk aversion and risk sharing; hidden information and signaling; moral hazard and incentives; game theory; oligopoly; and auctions.
Terms: Win
| Units: 4
Instructors:
Ostrovsky, M. (PI)
MGTECON 203: Managerial Economics - Accelerated
MGTECON 203 is the accelerated option in microeconomics for 1st year MBA students. It will cover the usual array of topics covered in microeconomics, with an emphasis on topics more useful for students of management. Tentative plans are to "reverse" the usual flow of topics, beginning with the economics of small numbers interactions (using the language of non-cooperative game theory and emphasizing the economics of information and transactions costs), moving in the end to markets with large numbers of participants (perfect competition and variants). In comparison with
MGTECON 200, less time will be spent in class (and in preparation) on basic problems, and more time will be spent on case studies. Therefore, students choosing this option should be able to do basic problems "on their own." Useful background includes a previous course in microeconomics and/or proficiency at simple differential calculus; either may be sufficient, but students without either should elect 200. A good diagnostic is to read Chapter 3 ("Marginal This and Marginal That") in Kreps, Microeconomics for Managers. If you find this relatively easy, 203 is a good choice. (Students with very strong background in microeconomics should take the Advanced Applications option.) If you find this a struggle, 200 is the right course for you.
Terms: Win
| Units: 4
| Repeatable
2 times
(up to 8 units total)
Instructors:
Skrzypacz, A. (PI)
MGTECON 209: Sloan: Economics
The first portion of this course covers business decision making within the firm; behavior of individual markets reacting to supply and demand forces; consequences of alternative market structures and business policies; and interactions between the public and private sectors. Specific topics include supply and demand analysis, consumer behavior, theory of cost and production, pricing and competition, factor pricing, and the concepts of marginal analysis. The second portion covers the macro, or aggregative, aspects of the economy. Specific topics include national income accounts; the determination of the level of aggregate output, employment, and prices; the monetary system, including the effects of monetary policy; fiscal policy; economic growth; and international monetary economics.
Terms: Aut
| Units: 4
Instructors:
Flanagan, R. (PI)
MGTECON 300: Growth and Stabilization in the Global Economy
This course gives students the background they need to understand the broad movements in the global economy. Key topics include long-run economic growth, technological change, wage inequality, international trade, interest rates, inflation, exchange rates, and monetary policy. By the end of the course, students should be able to read and understand the discussions of economic issues in The Economist, the Wall Street Journal, the New York Times, or the Congressional Budget Office.
Terms: Spr
| Units: 4
Instructors:
Jones, C. (PI)
MGTECON 330: Economics of Organization
This is an advanced applications economics course that applies recent innovations and high-powered tools to organization and general management. MBA1 students must have a strong background in microeconomics to take the course and should consult with their advisors. The course is appropriate for all MBA2 students. The course objective is to equip managers with an extensive set of analytical and applicable tools for handling the following topics: organization for coordination, designing incentives for moral hazard, monitoring and private information, applications to scope, scale, global management and mergers, principles for allocating decision power, managing supplier relations, downstream controls, franchising and alliances, bargaining, repeated interactions and reputation, holdups and strategizing with unawareness. These topics will be covered in a combination of lectures and cases.
Terms: Win
| Units: 4
Instructors:
Feinberg, Y. (PI)
MGTECON 331: Political Economy of Health Care in the United States
This course provides the legal, instititional, and economic background necessary to understand the financing and production of health services in the US. Potential topics include: health reform, health insurance (Medicare and Medicaid, employer-sponsored insurance, the uninsured), medical malpractice and quality regulation, pharmaceuticals, the corporate practice of medicine, regulation of fraud and abuse, and international comparisons. nnnThis course is cross-listed with the GSB, and the Health Research Policy and Public Policy Departments (Same as
MGTECON 331,
HRP 391 and
PUBLPOL 231).
Terms: Win
| Units: 4
Instructors:
Kessler, D. (PI)
MGTECON 332: Analysis of Costs, Risks, and Benefits of Health Care
For graduate students. The principal evaluative techniques for health care, including utility assessment, cost-effectiveness analysis, cost-benefit analysis, and decision analysis. Emphasis is on the practical application of these techniques. Group project presented at end of quarter. Guest lectures by experts from the medical school, pharmaceutical industry, health care plans, and government.
Terms: Aut
| Units: 4
Instructors:
Garber, A. (PI)
;
Owens, D. (SI)
MGTECON 381: Contemporary Economic Policy
Economic issues permeate all that happens in government. This topics-based course will exam a variety of historic and current issues on the political agenda where economics is central to decision making. It is taught by faculty who served at the White House in either the Clinton or George W. Bush Administration.
Terms: Spr
| Units: 4
MGTECON 390: Individual Research (ACCT 390, FINANCE 390, GSBGEN 390, HRMGT 390, MKTG 390, OB 390, OIT 390, POLECON 390, STRAMGT 390)
Need approval from sponsoring faculty member and GSB Registrar.
Last offered: Spring 2007
| Repeatable
3 times
(up to 8 units total)
MGTECON 525: Perspectives on the Financial Crisis and the Global Recession
This class will bring together GSB professors from several disciplines to explore the causes and consequences of the global financial crisis. The current plans are outlined below. However, because of the changing nature of the topic and some pending conflicts in participants' schedules, details may vary slightly. There will be reading assigned for each class and students will make a short presentation on the last day.nnnMONDAY: Peter DeMarzo on Securitization - This session will start with a review of the timeline of key events in the financial crisis. Then we will discuss the role of securitization in the crisis, how policy makers should regulate securitization, and how the private sector can use securitization going forward.nnnTUESDAY: Chad Jones on the Macroeconomy - This session will provide a macroeconomic analysis of the global financial crisis. What caused the crisis, where does the economy currently stand, and, most speculatively, what are the prospects going forward? We will document key macroeconomic facts related to GDP growth, employment, and inflation and consider how monetary policy, fiscal policy, and financial policy affect the economy.nnnWEDNESDAY: Paul Oyer on the Labor Market - We will discuss what government policies should be put in place relating to labor markets, including unemployment benefits and compensation regulations at financial institutions (especially those receiving government assistance). We will also discuss some of the personnel challenges and opportunities that come with managing during a major recession, including layoffs, taking advantage of hiring opportunities, and adopting incentive structures to the environment.nnnTHURSDAY: David Larcker on Accounting and Corporate Governance - We will discuss how accounting rules (such as mark-to-market) are affecting financial institutions and how regulators should respond. We will also discuss governance problems at these institutions and possible approaches to addressing these problems going forward.nnnFRIDAY: Part 1: Darrell Duffie on Financial Institutions - During this financial crisis, we have seen more than once that when a large dealer bank's capital becomes thin, the bank may fail catastrophically. In this segment of the course, we will review the "failure mechanics," tracing out the steps by which a dealer bank goes from fragility to failure. This segment will include some proposals for how to design more stable capital structures for large financial institutions.nnnFRIDAY: Part 2: Students will present proposals regarding various aspects of the crisis. Details will be described on the first day of class.
Terms: Aut
| Units: 2
Instructors:
Oyer, P. (PI)
;
Binsbergen, J. (SI)
;
Duffie, D. (SI)
...
more instructors for MGTECON 525 »
Instructors:
Oyer, P. (PI)
;
Binsbergen, J. (SI)
;
Duffie, D. (SI)
;
Jones, C. (SI)
;
Larcker, D. (SI)
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