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Course Criteria
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0.00 - 6.00 Credits
Under supervision of a faculty member approved by Graduate Registration Officer, student conducts independent research.
Prerequisite:
Prereq: None
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4.00 Credits
Analyzes the behavior and performance of firms in markets, with a particular focus on strategic interactions. Topics include monopoly power, behavior of firms in oligopoly markets, static and dynamic measurement of market performance, pricing and product choice decisions, advertising, research and development, and theory of the firm. Requires attendance and team participation in a Competitive Strategy Game.
Prerequisite:
Prereq: 14.01
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3.00 Credits
Applies theoretical and empirical tools of economics to problems of health and medical care delivery. Concentrates on selected topics such as decision-making under uncertainty, cost-benefit analysis, health insurance, physician remuneration, government regulation, health care systems of developing countries, and the economics of AIDS.
Prerequisite:
Prereq: 14.01
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4.00 Credits
Rigorous, mostly non-technical introduction to the economic theory of incentives in conjunction with a wide range of applications. These include, among others, the optimal design of sales and CEO compensation schemes; the analysis of venture capital and other forms of financing; and the study of stock companies, co-operatives, and other types of organizations viewed as optimal adaptations to information and incentive problems.
Prerequisite:
Prereq: 14.04
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5.00 Credits
Covers theoretical and empirical work dealing with the structure, behavior, and performance of firms and markets and core issues in antitrust. Topics include: the organization of the firm, monopoly, price discrimination, oligopoly, and auctions. Theoretical and empirical work are integrated in each area.
Prerequisite:
Prereq: 14.04
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5.00 Credits
A continuation of 14.271. Topics covered include horizontal mergers and demand estimation, vertical integration and vertical restraints, natural monopoly and its regulation, public enterprise, political economy of regulation, network access pricing, deregulation of telecommunications, electric power, cable television, transportation sectors, and risk and environmental regulation.
Prerequisite:
Prereq: 14.271
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5.00 Credits
Studies current research in industrial organization, focusing on specific topics that vary from year to year.
Prerequisite:
Prereq: 14.271
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4.00 Credits
Covers theoretical research on contracts organized around canonical models in static as well as dynamic settings. Emphasis is on canonical models in contracting (agency theory, mechanism design, incomplete contracting) illustrated by major areas of application (e.g. compensation, labor and capital markets, property rights, organizational design, corporate finance).
Prerequisite:
Prereq: 14.124
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5.00 Credits
Begins with survey of contract theory for organizational economists, then introduces the main areas of the field, including the boundary of the firm; decision-making, employment, structures and processes in organizations; and organizations other than firms.
Prerequisite:
Prereq: 14.124
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2.00 Credits
Builds on the work done in 14.282 to develop more in-depth analysis of topics in the field.
Prerequisite:
Prereq: 14.282
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