John Hatfield

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The goal of this course is to help you use economic principles to think strategically about business decisions. The course is structured in two parts. The first part shall focus solely on understanding microeconomic ideas such as the principal-agent problem and using this understanding to make better managerial decisions. Readings will detail each concept; a case elucidating the application of that concept will then be considered. Topics will include adverse selection, game theory, auctions, strategic commitment, barriers to entry, and network effects. The second part of the course considers effective strategic responses to challenges posed by the legal environment. Readings will detail the legal environment of antitrust, intellectual property, etc., as well as strategic options available to managers in dealing with challenges in these areas. Cases will emphasize applying knowledge of the legal environment as well as sound business practices to successfully and ethically deal with the challenges posed. Topics will include regulation and antitrust, intellectual property, trade laws, fiduciary duty, and liability.

The goal of this course is to help you use economic principles to think strategically about business decisions. The course is structured in two parts. The first part shall focus solely on understanding microeconomic ideas such as the principal-agent problem and using this understanding to make better managerial decisions. Readings will detail each concept; a case elucidating the application of that concept will then be considered. Topics will include adverse selection, game theory, auctions, strategic commitment, barriers to entry, and network effects. The second part of the course considers effective strategic responses to challenges posed by the legal environment. Readings will detail the legal environment of antitrust, intellectual property, etc., as well as strategic options available to managers in dealing with challenges in these areas. Cases will emphasize applying knowledge of the legal environment as well as sound business practices to successfully and ethically deal with the challenges posed. Topics will include regulation and antitrust, intellectual property, trade laws, fiduciary duty, and liability.

The goal of this course is to help you use economic principles to think strategically about business decisions. The course is structured in two parts. The first part shall focus solely on understandingmicroeconomic ideas such as the principal-agent problem and using this understanding to makebetter managerial decisions. Readings will detail each concept; a case elucidating the application ofthat concept will then be considered. Topics will include adverse selection, game theory, auctions,strategic commitment, barriers to entry, and network effects. The second part of the course considers effective strategic responses to challenges posed by the legalenvironment. Readings will detail the legal environment of antitrust, intellectual property, etc., aswell as strategic options available to managers in dealing with challenges in these areas. Cases willemphasize applying knowledge of the legal environment as well as sound business practices tosuccessfully and ethically deal with the challenges posed. Topics will include regulation andantitrust, intellectual property, trade laws, fiduciary duty, and liability.   Prerequisites: ECO 304K with a C- or better

The goal of this course is to help you use economic principles to think strategically about business decisions. The course is structured in two parts. The first part shall focus solely on understandingmicroeconomic ideas such as the principal-agent problem and using this understanding to makebetter managerial decisions. Readings will detail each concept; a case elucidating the application ofthat concept will then be considered. Topics will include adverse selection, game theory, auctions,strategic commitment, barriers to entry, and network effects. The second part of the course considers effective strategic responses to challenges posed by the legalenvironment. Readings will detail the legal environment of antitrust, intellectual property, etc., aswell as strategic options available to managers in dealing with challenges in these areas. Cases willemphasize applying knowledge of the legal environment as well as sound business practices tosuccessfully and ethically deal with the challenges posed. Topics will include regulation andantitrust, intellectual property, trade laws, fiduciary duty, and liability.   Prerequisites: ECO 304K with a C- or better

OPEN TO NONMAJORS. TOPICS MAY INCLUDE ECONOMIC THEORY, APPLICATIONS, AND POLICY. ECONOMICS 330T AND 350K MAY NOT BOTH BE COUNTED UNLESS THE TOPICS VARY.
 

 

Behavioral Economics

This course is an introduction to behavioral economics: the attempt to incorporate insights from psychology into economics.  In the course, we will study how humans make decisions and choices, and compare this with the standard economic models of decision making.  Insights from psychology reveal that humans use heuristcs when making their decisions and these lead to biases in individual decision making and anomalies in the market place.  On the other hand, in a standard model, humans are assumed to be rational.  We will cover choice under uncertainty, intertemporal choice, choice in a strategic environment and behavioral finance.  Economics 330T Behavioral Economics and ECO 350K Behavioral Economics may not both be counted.