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Course Criteria
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3.00 Credits
Provides a foundation to the analysis of optimal decisions by firms, namely how to make decisions about how much to produce, how to produce it, how to price it, and how these decisions are affected by demand, cost, the number and behavior of firms in the industry, the information the firm possesses, and the legal environment. Prerequisite: MATH 127 or 131.
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3.00 Credits
Introduces the fundamentals of international economic analysis. Provides an economic foundation to the analysis of business decisions and strategies in the global setting. Topics: introduction to the global economy; comparative advantage as the basis for international trade and sources of comparative advantage; economies of scale and imperfect competition as the basis for international trade; tariffs and other instruments of trade policy; political, legal, and institutional factors influencing international trade; balance of payments; exchange rates and the foreign exchange market; international capital flows; national competitive advantage and industrial policies; global economic competition and business strategy. Prerequisites: MEC 290 and QBA 120.
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3.00 Credits
Provides students with a methodological framework to analyze strategic business situations. Building on a background in microeconomics and statistics, this course includes such topics as: modeling strategic problems; games with sequential moves; games with simultaneous moves; strategies and the derivation of strategic forms; general classes of games; uncertainty and information; strategy and voting; auctions; bargaining. Prerequisites: MEC 290 and QBA 121.
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3.00 Credits
Uses economics and game theory to analyze strategy and industry dynamics. Focus is split between evaluating the competitive environment within industries and developing competitive strategies that are responsive to specific competitive forces facing individual firms. Topics typically covered include models of price and quantity competition, barriers to entry, commitment strategies and credible threats, product differentiation, vertical integration, research and development, and patenting strategies. Prerequisite: MEC 290.
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1.50 Credits
Focus is on the unusual economics of the entertainment industry and the associated management challenges. Topics include: (1) the basic economics of entertainment, (2) focus specifically on the music and movie industries, plus one other that varies from year to year. Classes consist of lecture and discussion as well as speakers from the relevant industries. Students present a 20-minute documentary-style production in which student teams present findings of their research into specific industries within the broader industries studied in class, e.g., rock, classical, or rap within music, blockbusters within music, etc. Prerequisites: MEC 290.
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3.00 Credits
Provides students with frameworks and capabilities for making intelligent decisions in evolving markets. Course begins with general game theory concepts, which form the basis for two main topics: models of competition in markets and value appropriation. Students learn the basic framework and apply it in the context of a detailed industry study. Specific topics may include firm interactions in stable and evolving market environments, industry life cycles, the evolution of new product markets, and strategic decision-making in developing markets. Prerequisites: MEC 290 and QBA 121.
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3.00 Credits
Students learn how to use data to answer a wide variety of questions regarding the incentives and behavior that generate market activity. Emphasis on inference about the strategic decisions of firms and consumers. Introduces new statistical and econometric tools by examining the application of these tools to current research in economics. Topics include the empirical implications of strategic bidding in auctions, price discrimination and dispersion; differences across products; and the internal organization of firms. Prerequisites: QBA 120, QBA 121, MEC 370, and MEC 470.
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3.00 Credits
Examines the relationship between environmental economics and environmental policy and raises more general questions about the political economy of regulation. Focus on air pollution, water pollution, hazardous waste, biodiversity, and global climate change. Critical examination of two prescriptions that economies usually endorse: (1) balancing benefits against costs (e.g., benefit-cost analysis) and using risk analysis in evaluating policy alternatives; (2) using market incentives (e.g., prices, taxes, or charges) or property rights instead of tradition command and control regulators to implement environmental policy. Prerequisite: MEC 290 or Econ 103B. Same as Econ 451
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1.00 Credits
Operation of basic machine tools including: lathe, drill press, grinder, and mill. Student shop privilege requires completion of this practicum.
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2.00 Credits
The challenges engineers face and the innovative approaches they are using to address them. Students learn how various forms carry load using principles of statics, mechanics, and material behavior. Topics include: the historical, economic, social, and political context of modern engineering, case studies of structures, analytical and experimental methods, fundamentals of mechanical and aerospace engineering, the behavior of materials, material selection for performing engineering function, fluid mechanics, heat transfer, automotive engineering, engineering design and product development, patents and intellectual property, and engineering ethics.
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