MGMT 6964
Seminar in Economic Theory
This
doctoral seminar is intended to introduce
business students to certain topics microeconomic theory that are of
particular interest to management students. This course will differ
from
the
typical microeconomic theory course because it is not intended to serve
as
training for professional research economists. Instead, the course is
intended
to provide a theoretical introduction to microeconomic methods for
academics
and researchers in business. Students taking this course will have a
prior background in microeconomics that includes consumer theory,
theory of production and theory of market equilibrium and structure.
Academic literature in business,
particularly in
the finance and accounting fields, and increasingly in the marketing
and
management fields draws significantly from microeconomics literature.
Business
students require a thorough grounding in the methodologies and
terminologies
from microeconomics in order to appreciate and contribute to the
finance,
management, entrepreneurship and other business literature. This
seminar will
emphasize applications of microeconomic theory, particularly in the
finance and
management areas. This seminar will focus on decision-making under
uncertainty, asset pricing, theory of information, agency theory,
contracting non-cooperative and cooperative game theory and behavioral
economics. However, the seminar will be somewhat less formal and
rigorous than the typical doctoral seminar in microeconomics for
economics
majors. More details are
provided in the course syllabus and
detailed notes and problems (with solutions) are available in the Readings and Coursepack . Other useful
information and links are provided below and in Teaching and Courses . Students
are encouraged to contact the
instructor about any questions or problems that they encounter.
Check the News link for various updates.
Numerous problems and exercises with solutions are available through
links below to the Readings and
Coursepack, Sample Exams and Additional Problems. Students should not
attempt this course with an insufficient quantitative background
(including a comprehension of subject material from
Algebra, Finite Mathematics, Calculus, Statistics and an
introductory finance
course. Elementary prerequisite work is available through the Elementary Mathematics Review (for
elementary matrix mathematics and calculus) and Additional Readings links
below. Other useful information and links are provided below and in Teaching and Courses. Contact
information and office hours are listed on the course syllabus. Check
the scrolling Status Bar below and the News
link for various updates.
updated 01/06/13