| Instructors for the courses in Business Economics | ||||
|---|---|---|---|---|
| J. Donaldson | F. Edwards | W. Gentry | B. Greenwald | A. Harrison |
| G. Heal | C. Himmelberg | G. Hubbard | K. Kuttner | W. Lehr |
| F. Lichtenberg | C. Mayer | F. Mishkin | R. Nelson | E. Noam |
| H. Patrick | N. Sicherman | P. Siconolfi | M. Wilkinson | K. Willard |
| S. Zeldes | ||||
A business school approach to the management of information resources as a critical skill, to media as major distribution channels and to far-flung networks as a means of global control, coordination and rapid transactions. An interdisciplinary approach to media economics, technology and regulation; audience research and program planning; intelligent production, office automation and the changing workplace; global communications networks and international media flows; electronic banking and financial transactions; and the strategic use of media and information.
(term offered: fall)
Prerequisites: B6006 and Finance B6302 or their equivalents.The economic and financial aspects of strategic management. Topics include the economic outlook for the U.S. and world economies; competitive and financial strategies and their interaction; strategies for integration, diversification and expansion; mergers and acquisitions; and strategic analysis of specific industries and firms.
(term offered: fall)Beginning with Adam Smith, this course examines the theoretical contributions to the development of capitalism by leading political economists. It focuses on the effects of international business on the development of American capitalism and the nation state.
First course in microeconomic theory in the doctoral sequence. Consumer and producer choice, intertemporal optimization, general equilibrium and welfare.
Continuation of B8207.Topics include imperfect information, imperfect competition, rational expectations, fixed-price models and critiques of neoclassical theory.
(terms offered: fall, spring)The introductory course for the concentration in management of information, communications and media; also appropriate for other students interested in TV, film, computers and telecommunications.
Prerequisite: B6006.The principles and techniques available to evaluate public investment projects. Evaluation of costs and benefits where market prices either do not exist or are incorrect measures of social value.
Prerequisite: the instructor's permission.The role of energy in the current economic situation and for the rest of the century. Topics include a worldwide energy forecast; exploration, refining and logistics of oil; alternative sources of energy; and environmental protection.
Prerequisite: B6014.Designed for MBA students. Discussion of the methods of simple and multiple regression and univariate Box-Jenkin's techniques. Emphasis on the application of these methods to forecasting and estimation, using domestic and international business and economic data.
Prerequisite: B6014.Designed for PhD and MBA students who have a special interest in time-series methods. Covers univariate and vector autoregressive models and linear systems. Depending on the ability of the class, spectral analysis is also studied.
Economics of industry and its effects on firm behavior and market performance. Managerial and public policy perspectives toward competition, antitrust policy and the evolution of market structure are contrasted. Discussion of impact of uncertainty and private information on market dynamics and policy. Detailed exploration of several industries such as media and communications.
The evolution of the modern industrial enterprise with primary emphasis on the period since 1865: the changing entrepreneurial function, attitudes and policies of businessmen; the relation of government to business; changes in technology and production techniques and in industrial organization; the growth and transformation of the market; and changing employment and labor conditions.
The economic principles of regulation and their application to business activity. A discussion of the economic principles underlying regulation, drawing heavily on economic theory and illustrated within the context of specific regulated industries. Analysis of the application of regulation, covering both its intended and unintended effects and its legal and institutional framework.
Major issues affecting the American economy, including inflation, growth and productivity, employment, energy, defense, income distribution, regional development and market mechanisms and government control.
(See International Business)
(See International Business)
(See International Business)
(See International Business)
Prerequisites: B6005 and B6006.Open to qualified students in the MBA program. Recent seminar topics have included environmental economics, health care economics and economics and strategy in media industries.
(term offered: fall)First course in the macroeconomics sequence in the doctoral program. Topics include basic tools and models in macroeconomic dynamics, equilibrium models, wage and price dynamics, unemployment models, money demand, money supply and interest rates and open economy basics.
(term offered: spring)Second course in the macroeconomics sequence in the doctoral program. Topics include monetary models and equilibrium business cycle models, the theory of monetary policy and dynamic inconsistency and banking and financial intermediation.