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Dec 22, 2024
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Academic Bulletin 2020-2021 [ARCHIVED CATALOG]
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ECON 448 - Organizations and Contracts
Credits: 4
An exploration of the costs of organizing economic activity. Topics include the determination of the scale and scope of the firm, the consequences of separating control from ownership, and the transaction costs of contracting in the marketplace. Theoretical work is followed by case studies of several industries, including aerospace, coal, oil, air traffic control, and automobile.
Prerequisite: ECON 200 and ECON 202 , or permission of the instructor.
Distribution Requirements: SB.
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