Economics Organization

This course considers how economic principles can help us answer these questions. We look at how the organizational architecture of firms affects corporate strategy. We investigate how organizational structure determines corporate performance. We analyze how the balance between the delegation of decision rights, the design of incentive systems and the monitoring and evaluation of individual and divisional performance, when correct lead to success and when wrong can lead to failure. Throughout the course we draw heavily on case studies and real-world examples of business organizations. Prerequisites: Economics 11.